Operations Pursuant to Programs. Except as otherwise provided in this Article 7, Operations shall be conducted and Assets shall be acquired only pursuant to approved Programs. Programs and Budgets shall be designed to set forth in reasonable detail the scope, direction and nature of Operations and establish a fiscal basis for Operations, but are not expected to constitute an enumerated list of each activity and expenditure to be undertaken by the Operator or of the Costs to be incurred.
Appears in 2 contracts
Samples: Joint Venture Agreement (Fronteer Development Group Inc), Option Agreement (Fronteer Development Group)
Operations Pursuant to Programs. Except as otherwise provided in this Article 78, Operations shall be conducted and Assets shall be acquired only pursuant to approved Programs. Programs and Budgets shall be designed to set forth in reasonable detail the scope, direction and nature of Operations and establish a fiscal basis for Operations, but are not expected to constitute an enumerated list of each activity and expenditure to be undertaken by the Operator or of the Costs to be incurredManager.
Appears in 1 contract
Samples: Option Agreement
Operations Pursuant to Programs. Except as otherwise provided in this Article 78, all Operations shall be conducted conducted, expenses shall be incurred and all Assets shall be acquired only pursuant to approved Programsadopted Programs and Budgets. The Manager shall design the Programs and Budgets shall be designed to set forth in reasonable detail the scope, direction and nature of Operations and establish a fiscal basis for Operations, but are need not expected to constitute include an enumerated list of each activity and expenditure to be undertaken by the Operator Manager or of the Costs to be incurred. The Manager may make all expenditures required to perform its duties hereunder.
Appears in 1 contract
Samples: Joint Venture Agreement