Common use of Over expenditures of Work Programs and Budgets Clause in Contracts

Over expenditures of Work Programs and Budgets. (A) For expenditures on any line item of an approved Work Program and Budget, Operator shall be entitled to incur without further approve of the Parties an over expenditure for such line item up to ten percent (10%) of the authorized amount for such line item, provided that the cumulative total of all over expenditures for a Calendar Year shall not exceed five percent (5%) of the overall total Work Program and Budget.

Over expenditures of Work Programs and Budgets. (A) For expenditures on any line item of an approved Work Program and Budget, Operator shall be entitled to incur without further approve approval of the Parties Operating Committee an over expenditure for such line item up to ten percent (10%) of the authorized amount for such line item, ; provided that the cumulative total of all over expenditures for a Calendar Year shall not exceed five percent (5%) of the overall total annual Work Program and BudgetBudget in question.