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.

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 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.

Examples of Annual Work Program and Budget in a sentence

• The Regional Council’s Executive Board convenes monthly to enact the adopted Annual Work Program and Budget on behalf of the membership and oversee the GNRC’s programs and services carried out by its staff.

• 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%).

• Following receipt of Joint Development Operator’s proposed Annual Work Program and Budget, each Development Party shall furnish to Joint Development Operator and the other Development Parties any comments, suggestions or proposed amendments it may have respecting the proposed Annual Work Program and Budget as soon as may be reasonably practicable, and Joint Development Operator shall consider and discuss such comments, suggestions and proposed amendments with the Operating Committee.

• Where the necessary information is available, such AFE may be submitted and approved for designated xxxxx 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.

• 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.

More Definitions of Annual Work Program and Budget

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);

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 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 has the meaning set forth in Section 8.5(a);

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 the specific document describing, item by item, the Petroleum Operations which the CONTRACTOR plans to conduct during a Calendar Year (or part thereof) and the estimated expenditures for such Petroleum Operations, as prepared by the CONTRACTOR in accordance with Article 16.1 and approved by the Management Committee pursuant to Article 16.3, or deemed approved pursuant to Articles 16.4 or 16.7;

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;