Annual Program and Budget definition

Annual Program and Budget means the program of works and budget for each calendar year of operation of the Project Company developed and adopted in accordance with rules and provisions set forth herein.
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Annual Program and Budget shall have the meaning set forth in section 8.2.
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Annual Program and Budget means a program for carrying on the Business during a Fiscal Year and it consists of: (i) a business plan setting out in detail MIDAS's proposed Exploration and marketing plans, finance arrangements, capital expenditures and activities for carrying out the Business during that Fiscal Year. (ii) a budget specifying in detail the funds and the funding arrangements required for carrying out the Business for the specific Fiscal Year, accompanied by an itemized list of all expenses reasonably expected to be incurred in the implementation of this business plan. A budget will contain: a. salaries, wages and reasonable oncosts of MIDAS' employees and other persons for the time directly engaged in the Business; b. travel, living and relocation expenses of the personnel engaged in the Business; c. costs of purchase or hire and operation of plant and equipment;
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Examples of Annual Program and Budget in a sentence

  • Emphasis shall be placed on project outputs and whether they serve priority purposes as defined in the Annual Program and Budget request for Civil Works Activities, Corps of Engineers.

  • An Annual Program and Budget respecting this Fund shall be proposed to the Annual Meeting of Convention under the provisions of Canon XIX, Section 19.06.

  • For the first full Fiscal Year and the portion of the Fiscal Year preceding the first full Fiscal Year, a detailed statement of the Annual Program and Budget therefore shall be submitted to AKBN within sixty (60) days after the date of approval of the Development Plan under Articles 7.3 or 7.4. Each such annual detailed statement of the Annual Program and Budget therefore shall be consistent with the Development Plan approved under Article 7.3 or as revised pursuant to Articles 7.4 and 7.6.

  • The Management Committee may at any time, upon receipt of a proposal from the General Director authorize preparation of the Development Feasibility Study and make provisions in respect thereof in the relevant Annual Program and Budget.

  • The “justice and equity” is that between the competing interests of all concerned1.

  • Each Annual Program and Budget shall be consistent with the Development Plan.

  • A copy of each revised Annual Program and Budget shall be given by Contractor to Albpetrol and AKBN.

  • Subject to Section 4.4(4), Cash Calls shall only be made pursuant to an Annual Program and Budget for the Business or an Interim Annual Program and Budget for the Business.

  • In Date, at any time until the Annual Program and Budget and/or the Mine Development Plan Budget (the "Budget") is approved, any Shareholder (herein called "Diluting Shareholder") may elect not to contribute the whole or part of its budgeted proportionate contribution to the Budget.

  • The so prepared Development Feasibility Study, Development Program and Budget and the First Development Annual Program and Budget, which may include work plans and budgets for exploration and delineation of additional resources in the License Area, together shall constitute the “Development Documentation”.


More Definitions of Annual Program and Budget

Annual Program and Budget has the meaning specified in Section 4.4(3).
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Related to Annual Program and Budget

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.

  • Development Plan has the meaning set forth in Section 3.2.

  • Research Budget has the meaning set forth in Section 2.2.

  • Development Budget has the meaning set forth in Section 3.1.

  • Development Plans means a coherent set of operations defined and financed exclusively by the OCTs in the framework of their own policies and strategies of development, and those agreed upon between an OCT and the Member State to which it is linked;

  • Commercialization Plan has the meaning set forth in Section 6.2.

  • Research Plan shall have the meaning set forth in Section 2.1.

  • Development Work means any work carried out in relation to the physical construction of a mine;

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Annual Plan means the annual plan of the Trust which is prepared in accordance with clause 9.1;

  • Business Plan means the information required to be supplied to the

  • Development Team means the entities and professionals assembled to develop and manage the Project, typically including the Applicant, Owner, Developer(s), Co-Developer(s) and general partner or any other related entities in which the Developer or Co-Developer has an identity of interest or a Controlling Interest.

  • Development Activities means those activities which are normally undertaken for the development, construction, repair, renovation, rehabilitation or conversion of buildings for residential purposes, including the acquisition of property;

  • Marketing Plan has the meaning set forth in Section 4.3(a).

  • Development Program means the implementation of the development plan.

  • Project area budget means a multiyear projection of annual or cumulative

  • Development Phase means the period before a vehicle type is type approved.

  • Program Plan means the tobacco settlement program plan dated February 14, 2001, including exhibits to the program plan, submitted by the authority to the legislative council and the executive council, to provide the state with a secure and stable source of funding for the purposes designated by section 12E.3A and other provisions of this chapter.

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Work Plan means a plan that describes each individual activity to be conducted to complete eligible activities and the associated costs of each individual activity.

  • Annual Work Plan means each work plan approved by the Association under Section I.C of Schedule 2 to this Agreement for inclusion in the Project.

  • Annual Budget means the operating budget, including all planned capital expenditures, for the Property prepared by Borrower for the applicable Fiscal Year or other period.

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Development Operations means operations conducted in accordance with the Development Plan and shall include, but not be limited to the purchase, shipment or storage of equipment and materials used in developing Petroleum accumulations, the drilling, completion and testing of Development Xxxxx, the drilling and completion of Xxxxx for Gas or water injection, the laying of gathering lines, the installation of offshore platforms and installations, the installation of separators, tankages, pumps, artificial lift and other producing and injection facilities required to produce, process and transport Petroleum into main Oil storage or Gas processing facilities, either onshore or offshore, including the laying of pipelines within or outside the Contract Area, storage at Delivery Point(s), the installation of said storage or Gas processing facilities, the installation of export and loading facilities and other facilities required for the development and production of the said Petroleum accumulations and for the delivery of Crude Oil and/or Gas at the Delivery Point and also including incidental operations not specifically referred to herein but required for the most efficient and economic development and production of the said Petroleum accumulations in accordance with modern oilfield and petroleum industry practices.

  • Project Plan means the document to be developed by the Contractor and approved by WTL, based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalised Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by WTL. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Project area plan means a written plan that, after its effective date, guides and controls the development within a project area.