Flexibility to Reallocate. The Operator shall have flexibility, subject to compliance with the Contract Standards, to (i) reallocate or postpone expenditures within the Operating Budget portion of the Budget, (ii) reallocate or postpone expenditures within the Capital Budget portion of the Budget, and (iii) reallocate between the Operating Budget and the Capital Budget portions of the Budget in order to address changed operational or commercial circumstances or new legal or regulatory requirements. Any such reallocated amounts will be treated as if initially budgeted in the relevant Budget in all respects.
Appears in 4 contracts
Samples: Construction, Operating and Cooperative Endeavor Agreement, Construction, Operating and Cooperative Endeavor Agreement, Construction, Operating and Cooperative Endeavor Agreement
Flexibility to Reallocate. The Operator shall have flexibility, subject to compliance with the Contract Standards, to (i) reallocate or postpone expenditures within the Operating Budget portion of the Budget, (ii) reallocate or postpone expenditures within the Capital Budget portion of the Budget, and (iii) reallocate between the Operating Budget and the Capital Budget portions of the Budget in order to address changed operational or commercial circumstances or new legal or regulatory requirements. Any such reallocated amounts will be treated as if initially budgeted in the relevant Budget in all respects.and
Appears in 1 contract
Samples: Endeavor Agreement
