Common use of Storage Programmes and Budgets Clause in Contracts

Storage Programmes and Budgets. The Operator shall not later than September 1st of the Year prior to that in which storage will commence, and in each subsequent Year, submit to the Parties a proposed storage Programme and Budget for the next Year, and forecasts for the next following three (3) Years. The proposed storage Programme and Budget shall be subject to consideration, revision and approval by the Operating Committee, and the Operating Committee shall meet to consider such storage Programme and Budget and to make such revisions thereto as may be agreed as soon as practicable and in any event not later than November 1st. Not later than December 1st the Operating Committee shall approve a storage Programme and Budget.

Storage Programmes and Budgets. The Operator shall not later than September 1st of the Year prior to that in which storage will commence, and in each subsequent Year, submit to the Parties a proposed storage Programme Pro- gramme and Budget for the next Year, and forecasts for the next following three (3) Years. The proposed storage Programme and Budget shall be subject to consideration, revision and approval ap- proval by the Operating Committee, and the Operating Committee shall meet to consider such storage Programme and Budget and to make such revisions thereto as may be agreed as soon as practicable and in any event not later than November 1st. Not later than December 1st the Operating Committee shall approve a storage Programme and Budget.