Common use of Development Work Programmes and Budgets Clause in Contracts

Development Work Programmes and Budgets. (a) At such time and in such manner as the Code requires, and as the Designated Authority otherwise requires, the Contractor shall submit, for the approval of the Designated Authority, a Development Work Programme and Budget for each Development Area for each Calendar Year. At any time and from time to time, the Contractor may submit, for that approval, amendments to it. (b) A Development Work Programme and Budget for a Calendar Year shall be substantially in accordance with the Development Plan for the Development Area. (c) The Designated Authority may not unreasonably withhold its approval of a Development Work Programme and Budget properly submitted by the Contractor.

Appears in 9 contracts

Samples: Production Sharing Contract, Production Sharing Contract, Production Sharing Contract

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