Approved Program and Budget definition

Approved Program and Budget means any Program and Budget (including any Operating Program and Budget, Supplemental Program and Budget or Closure Program and Budget), together with any supplements thereto and any amendments or modifications thereof, in each case that are Approved by the Board in accordance with this Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Approved Program and Budget means any Program and Budget that is approved in accordance with Section 7.2.

Approved Program and Budget means (i) a Program of Joint Venture Activities approved by the Management Committee, and (ii) a Budget of estimated Joint Venture Expenditures approved by the Management Committee relating to the carrying out of an approved Program or otherwise to be incurred during the period to which such Budget relates;

Examples of Approved Program and Budget in a sentence

If the actual or anticipated departure from the Approved Program and Budget (a) results in less than a 10% increase, in the aggregate, of the expenses as compared to the then-current Approved Program and Budget and (b) is not an increase of the Management Fees paid pursuant to the Management Services Agreement, the Manager can proceed with Board Approval and such budget overruns shall be charged to the Company.
The Manager shall send to the Members each Approved Program and Budget.
If the actual or anticipated departure from the Approved Program and Budget involves an increase (i) in the Management Fees paid pursuant to the Management Services Agreement or (ii) of more than 10%, in the aggregate, of the expenses as compared to the then-current Approved Program and Budget, the Manager can proceed with Specified Approval (as and to the extent set forth in such Specified Approval) and such budget overruns shall be charged to the Company.
For the avoidance of doubt, following the date the Total Plant Transfer occurs, only the Program and Budget set forth in Section 7.1(b) shall be considered the then Approved Program and Budget.
During the applicable Budget Period, the Manager shall immediately notify the Board of Directors of any actual or anticipated material departure from an Approved Program and Budget.

More Definitions of Approved Program and Budget

Approved Program and Budget means a Program and Budget first approved by the Board of Directors and then approved by Shareholders holding at least 75% of the Shares in aggregate.

Approved Program and Budget means a Program and Budget approved by the Management Committee in accordance with Article 9, as amended, updated or re-approved from time to time, but in the case of ▇▇▇▇▇, subject to independent approval by the ▇▇▇▇▇ Board by Ordinary Decision or Special Majority, as the case may be;

Approved Program and Budget means the program and budget approved from time to time by the Management Committee pursuant to subsection 5.1;

Approved Program and Budget as defined in Section 2.12.3

Approved Program and Budget shall have the meaning given thereto in the JV Agreement), and for greater certainty, there will be no distribution or payment required to be made by any of Mineco, Exploreco or ▇▇▇▇▇ of any funds to the Vendors or any member of the Gold Fields Group pursuant to the JV Agreement (other than to satisfy the Cash Purchase Price); and

Approved Program and Budget means a Program and Budget approved or deemed approved by the Board in accordance with subsection 3.1;

Approved Program and Budget means a Program and Budget approved by the Technical Committee;