Common use of GBRA Board Approval Clause in Contracts

GBRA Board Approval. If the WCID disputes any information in the GBRA preliminary budget, it shall submit a written notice of dispute reasonably detailing the basis of such dispute along with any comments, questions or requests for clarification to GBRA not less than thirty (30) days before the commencement of the Annual Payment Period. Representatives of each Party will work together in good faith during the 14-day period following the delivery of a notice of dispute to GBRA to resolve any outstanding issues. The GBRA Board may adopt the preliminary budget or may make such amendments it deems proper; provided, however, no change or amendment to the preliminary budget will be made without resubmitting such amended preliminary budget to the WCID not less than ten (10) days prior to the date of the GBRA Board meeting scheduled for approval of the annual budget and any such amendment shall not increase the Annual Requirement or the WCID’s obligations hereunder. Notwithstanding anything herein to the contrary, no failure of GBRA to estimate, and no mistake by GBRA in any estimate of, the amount of or schedule for Annual WCID Payments due from the WCID in any Fiscal Year shall relieve the WCID from its absolute and unconditional obligation to make all Annual WCID Payments in full when due.

GBRA Board Approval. If the WCID disputes any information in the GBRA preliminary budget, it shall submit a written notice of dispute reasonably detailing the basis of such dispute along with any comments, questions or requests for clarification to GBRA not less than thirty (30) days before the commencement of the Annual Payment Period. Representatives of each Party will work together in good faith during the 14-day period following the delivery of a notice of dispute to GBRA to resolve any outstanding issues. The GBRA Board may adopt the preliminary budget or may make such amendments it deems proper; provided, however, no change or amendment to the preliminary budget will be made without resubmitting such amended preliminary budget to the WCID not less than ten (10) 10 days prior to the date of the GBRA Board meeting scheduled for approval of the annual budget and any such amendment shall not increase the Annual Requirement or the WCID’s obligations hereunder. Notwithstanding anything herein to the contrary, no failure of GBRA to estimate, and no mistake by GBRA in any estimate of, the amount of or schedule for Annual WCID Payments due from the WCID in any Fiscal Year shall relieve the WCID from its absolute and unconditional obligation to make all Annual WCID Payments in full when due.