Annual Work Program and Budget definition

Annual Work Program and Budget means, for any Calendar Year, the work program and budget for Joint Development Operations during such Calendar Year.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Annual Work Program and Budget means an Annual Work Program and Budget of MOA to be prepared for each Fiscal Year for the Project and setting forth, inter alia, activities planned under its work program for the Project and estimated costs for such activities, including details of activities to be funded by the Recipient.

Annual Work Program and Budget or “AWPB” means the annual work program and budget for determining the LC Activities (as this term is hereinafter defined) to be prepared pursuant to the provisions of paragraph B of Schedule 5 to this Agreement, and the criteria and procedures set out in the PIP (as this term is hereinafter defined);

Examples of Annual Work Program and Budget in a sentence

Unless otherwise extended by the Operating Committee, within sixty (60) days after distribution of the proposed Annual Work Program and Budget for a Calendar Year, the Operating Committee and Joint Development Operator shall meet to consider, modify (if necessary) and approve or reject the proposed Annual Work Program and Budget.
Any salaries paid by the Company to employees and agents of the Company shall be fixed by the Management Board in accordance with an approved Annual Work Program and Budget.
Notwithstanding any provision of Section 4.1 to the contrary, each Development Party shall have sixty (60) days to consider any proposed amendment that would increase the estimated costs of the Development Work Program for any Calendar Year or any Annual Work Program and Budget by more than ten percent (10%).
Unless otherwise agreed by the Management Board, within sixty (60) days after distribution of each proposed Annual Work Program and Budget for a Calendar Year, the Management Board and the President and General Manager shall meet to consider, modify (if necessary) and approve or reject such proposed Annual Work Program and Budget.
Where the necessary information is available, such AFE may be submitted and approved for designated ▇▇▇▇▇ and Wellbore Operations as part of the proposed Annual Work Program and Budget for a Calendar Year, in which case no separate subsequent AFE shall be required.

More Definitions of Annual Work Program and Budget

Annual Work Program and Budget means (a) so long as the Joint Development Agreement is in effect, the “Annual Work Program and Budget” as defined in the Joint Development Agreement and (b) for any Calendar Year (or portion thereof) after the termination of the Joint Development Agreement, the work program and budget for operations to be conducted by the Company during such Calendar Year or portion thereof.

Annual Work Program and Budget or “AWPB” means each Annual Work Program and Budget to be prepared for each Fiscal Year by the Recipient for the Project and setting forth, inter alia, activities planned under its work program for the Project and estimated costs for such activities.

Annual Work Program and Budget means the work program and budget to be prepared by the Borrower in accordance with paragraph 3 of Schedule 4 to this Agreement;

Annual Work Program and Budget means an Annual Work Program and Budget of DOR and RBN to be prepared for each Fiscal Year for the Project and setting forth, inter alia, activities planned under the work program of DOR and RBN for the Project and estimated costs for such activities.

Annual Work Program and Budget means a work program and budget for any fiscal year submitted, or to be submitted, annually in advance by the Borrower, and pertaining to the Project, or any part thereof;

Annual Work Program and Budget means, for any Calendar Year, a work program and budget prepared and submitted by the Contractors to the Affiliate and approved by the Affiliate in accordance with Clause 7.3, as amended or supplemented from time to time in accordance with this Agreement.

Annual Work Program and Budget has the meaning set forth in Section 8.5(a);