Project AFE Approval Sample Clauses

The Project AFE Approval clause establishes the requirement for formal authorization of an Authorization for Expenditure (AFE) before a project can proceed. Typically, this clause outlines the process by which project budgets and expenditures must be reviewed and approved by designated parties, such as joint venture partners or company management, prior to the commencement of work or allocation of funds. By mandating this approval process, the clause ensures financial oversight and mutual agreement on project costs, thereby reducing the risk of unauthorized spending and disputes over budgetary commitments.
Project AFE Approval. Pursuant to the voting procedure detailed in paragraph 18, anytime and from time to time after a System is approved, the Operator shall submit to the Participating System Owners an authorization for expenditure (“Project AFE”), which will contain specific descriptions, plans and reasonable details of the expenditures to be made for the construction, extension, expansion or optimization of AMI Midstream Assets within a System (a “Project”), and a Ballot for the Project AFE. Project AFEs can only be approved by Supermajority Vote and when so approved are binding on all System Owners that elected to participate in the applicable System. Notwithstanding anything to the contrary in this Agreement, each System Owner hereby approves the Project AFEs described in Exhibit “5.2” that are currently under some phase of development or construction.
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Related to Project AFE Approval

  • Project Approval The County may issue a Job Order Authorization for the Work, to include the firm-fixed-price of the Job Order and the project duration. Contractor agrees that all clauses of this Contract are applicable to any Job Order issued hereunder. The County reserves the right to reject a Contractor’s Quote based on unjustifiable quantities and/or methods, performance periods, inadequate documentation, or other inconsistencies or deficiencies on the Contractor’s part in the sole opinion of the County. The County reserves the right to issue a unilateral Job Order authorization for the Work if a Quote price cannot be mutually agreed upon. This is based upon unjustifiable quantities in the sole opinion of the County. The County also reserves the right to not issue a Job Order Authorization if the County’s requirement is no longer valid or the project is not funded. In these instances, the Contractor has no right of claim to recover Quote expenses. The County may pursue continuing valid requirements by other means where Contract was not reached with the Contractor.

  • New Project Approval Consultant and District recognize that Consultant’s Services may include working on various projects for District. Consultant shall obtain the approval of District prior to the commencement of a new project.

  • Course Approval Approval for dual credit shall be by the LEA and POSTSECONDARY INSTITUTION representatives on a course-by-course basis each semester based on the student’s prior coursework, career pathway, and/or academic readiness. There is no state limit to the number of credits a student may earn through dual credit in an academic term; however, the student must meet eligibility requirements.

  • Project Approvals The Borrower will promptly obtain all Project Approvals not heretofore obtained by the Borrower (including those listed and described on Schedule 8.22 (a) hereto and any other Project Approvals which may hereafter become required, necessary or desirable) and will furnish the Agent with evidence that the Borrower has obtained such Project Approvals promptly upon its request. The Borrower will give all such notices to, and take all such other actions with respect to, such Governmental Authority as may be required under applicable Requirements to construct the Improvements and to use, occupy and operate the Project following the completion of the construction of the Improvements. The Borrower will also promptly obtain all utility installations and connections required for the operation and servicing of the Project for its intended purposes, and will furnish the Agent with evidence thereof. The Borrower will duly perform and comply with all of the terms and conditions of all Project Approvals obtained at any time, including all Project Approvals listed and described on Schedules 8.22(a) and 8.22(b) hereto.

  • Approval of Plans and Specifications The Plans and Specifications will conform to the requirements and conditions set out by applicable law or any effective restrictive covenant, and to all governmental authorities which exercise jurisdiction over the Leased Premises or the construction thereon.