Examples of Approved Program and Budget in a sentence
Any overruns incurred by the Operating Member in excess of expenditures authorized in an Approved Program and Budget other than as permitted under the provisions of this Agreement shall be for the sole account of the Operating Member.
If applicable, the Operating Member may show in such Monthly Funding Statements, or at any time include in separate statements provided to each Member (the “Special Funding Statements”), cash needed for expenditures that are not provided for in an Approved Program and Budget or Funding Plan but is nonetheless required by this Agreement to be provided by Member Contributions to Nevada JV.
The Operator will not proceed with an Approved Program and Budget which is not fully subscribed.
If applicable, the Operating Member may show in such Monthly Funding Statements, or at any time include in separate statements provided to each Member (the “Special Funding Statements”), cash needed for expenditures that are not provided for in an Approved Program and Budget or Funding Plan but is nonetheless to be provided hereunder by Member Contributions to Nevada JV (which may be for Nevada JV authorized expenditures).
The Management Committee may at any time and from time to time of its own volition or on the recommendation of the Operator alter an Approved Program and Budget, at a meeting of the Management Committee or pursuant to Section 8.9, and from the date of the alteration, the authority of the Operator under Section 9.5 will, subject to Sections 6.20 and 9.5, be varied accordingly.