Overexpenditures 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 approval of the Operating Committee an overexpenditure for such line item up to ten percent (10%) of the authorized amount for such line item; provided that the cumulative total of all overexpenditures for a Calendar Year shall not exceed five percent (5%) of the total annual Work Program and Budget in question.
Appears in 9 contracts
Samples: Purchase and Sale Agreement (Hyperdynamics Corp), Overriding Royalty Agreement (Bontan Corp Inc), Overriding Royalty Agreement (Bontan Corp Inc)
Overexpenditures 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 approval of the Operating Committee an overexpenditure for such line item up to ten percent (10%) of the authorized amount for such line item; provided that the cumulative total of all overexpenditures for a Calendar Year shall not exceed five percent (5%) of the total annual Work Program and Budget in question.
Appears in 4 contracts
Samples: Joint Operating Agreement, Operating Agreement (Kosmos Energy Ltd.), Joint Operating Agreement
Overexpenditures of Work Programs and Budgets. (Aa) For expenditures on any line item of an approved Work Program and Budget, Operator shall be entitled to incur without further approval of the Operating Committee an overexpenditure for such line item up to ten percent (10%) of the authorized authorised amount for such line item; provided that the cumulative total of all overexpenditures over expenditures for a Calendar Year shall not exceed five percent (5%) of the total annual Work Program and Budget in question.
Appears in 3 contracts
Samples: www.sec.gov, resourcecontracts-nrgi.s3-us-west-2.amazonaws.com, Agreement (Kosmos Energy Ltd.)
Overexpenditures of Work Programs and Budgets. (A) For expenditures on Operator shall be entitled to incur an overexpenditure for any line item of an approved Work Program and Budget, Operator shall be entitled to incur without further approval of the Operating Committee an overexpenditure or if Section 6.6(C) applies, then for such line item any AFE, up to ten percent (10%) of the authorized amount for such line item or AFE item; provided that the cumulative total of all overexpenditures for a Calendar Year shall not exceed five percent (5%) of the total annual Work Program and Budget in question.
Appears in 2 contracts
Samples: Joint Operating Agreement (Triton Energy LTD), Joint Operating Agreement (Triton Energy LTD)
Overexpenditures 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 approval approve of the Operating Committee an overexpenditure for such line item up to ten percent (10%) of the authorized amount for such line item; provided that the cumulative total of all overexpenditures for a Calendar Year shall not exceed five percent (5%) of the total annual Work Program and Budget in question.
Appears in 2 contracts
Samples: Joint Operating Agreement, Joint Operating Agreement (Kosmos Energy Ltd.)
Overexpenditures 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 approval of the Operating Committee furnishing a supplemental AFE an overexpenditure for such line item up to ten percent (10%) of the authorized amount for such line item; provided that the cumulative total of all overexpenditures for a Calendar Year shall not exceed five percent (5%) of the total annual Work Program and Budget in question.
Appears in 1 contract
Samples: Agreement (Abacan Resource Corp)
Overexpenditures of Work Programs and Budgets. (A) For expenditures on any line item of an approved Work Program and BudgetAFE, the Operator shall be entitled to incur without further approval of the Operating Committee an overexpenditure for such line item AFE up to ten percent (10%) of the authorized amount for such line item; each cost item of approved AFE provided that the cumulative total of all overexpenditures for a Calendar Year shall not exceed five percent (5%) of the total annual Work Program and Budget in questionapproved AFE.
Appears in 1 contract
Samples: Operating Agreement (Fx Energy Inc)
Overexpenditures 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 approval of the Operating Committee furnishing a supplemental AFE an overexpenditure for such line item up to ten percent (10%) of the authorized amount for such line item; provided that the cumulative total of all overexpenditures for a Calendar Contract Year shall not exceed five ten percent (510%) of the total annual Work Program and Budget in question.
Appears in 1 contract
