million US dollars. If the Westlake Parties determine that either clause (a) or (b) will likely occur, the Westlake Parties shall in the notice advising Owner describe the circumstances thereof in writing in such detail as may reasonably be necessary to provide an informed understanding of the situation including a description of the category or categories of Expenditures involved, the reason for such projected overage, the necessary revisions to the Approved Annual Budget to cover such overage, and such further information as Owner may reasonably request. Owner shall have the right, acting reasonably, to comment on and make objections to such revisions; provided that if Owner and the Westlake Parties fail to agree on such revisions, the Westlake Parties’ revisions shall remain in place, subject to Owner’s right to resolve disputes in a court of law pursuant to this Agreement.
Appears in 4 contracts
Samples: Services Agreement (Westlake Chemical Partners LP), Services Agreement (Westlake Chemical Partners LP), Services Agreement (Westlake Chemical Partners LP)