Disbursement Schedule. Together with the budget recommended by the Association Subcommittees, the Executive Committee will approve the quarterly budget submitted by the Operator for the immediately following year which will serve as the basis to calculate monthly cash calls.
Appears in 3 contracts
Samples: Association Contract (Seven Seas Petroleum Inc), Association Contract (Midwestern Resources Inc), Association Contract (Seven Seas Petroleum Inc)
Disbursement Schedule. Together with the budget recommended by the Association Subcommitteesoverall Budget, the Executive Committee will shall approve the quarterly budget Budget by quarters submitted by the Operator and recommended by the Subcommittees for the immediately following year year, and which will serve as shall constitute the basis to calculate on which the monthly cash callscalls shall be calculated.
Appears in 1 contract
Disbursement Schedule. Together with the budget recommended by the Association Subcommittees, the Executive Execuive Committee will approve the quarterly budget submitted by the Operator for the immediately following year which will serve as the basis to calculate monthly cash calls.
Appears in 1 contract
