Expenditures and Budgets Clause Samples

Expenditures and Budgets. A. Prior to the EPC Substantial Completion Date, Issuer shall not, or permit any Issuer Party to, make any payments or expenditures, except those contemplated by the Construction Budget, or as otherwise agreed by Required Holders. B. After the EPC Substantial Completion Date, Issuer shall not, or permit any Issuer Party to, make any payments or expenditures, except those contemplated by the Operating Budget, or as otherwise agreed by Required Holders.