Authorization for Expenditure definition

Authorization for Expenditure means a formal approval or authorization of expenditures for a project or a phase of a project by the authorized corporate representative.
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Authorization for Expenditure means a document in the form shown in Appendix D whereby Owner authorizes Operator to perform work and authorizes the expenditure of funds therefor.
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Authorization for Expenditure or “AFE” shall be defined as authority for expenditure detailing the estimated costs of as operation, which is prepared in good faith and signed be the Parties participating in such operation.
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Examples of Authorization for Expenditure in a sentence

  • Generally, an agreement, including one processed as an Authorization for Expenditure (AFE) with a Letter of Agreement, is covered by the CRO if it meets one of the definitions below.

  • For further information please consult Pembina’s Authorization for Expenditure Policy, the Spending Authorization and Delegation Policy, the Capital Asset Accounting and Capitalization Policy, Materials Inventory Accounting and Financial Authorization Policy, and the Materials Management and Inventory Control Policy.

  • An Authorization for Expenditure prepared by a Party for the purpose of estimating the costs to be incurred in conducting an operation hereunder.

  • The preparation of the Authorization for Expenditure shall be based on the Budget and Work Program previously determined by the Operating Committee, and an additional authorization for expenditure shall be required in case the total amount exceeds five percent (5%) of the approved budget.

  • The Operator is not required to issue an Authorization for Expenditure related to general and administrative expenses listed as individual items of the approved Work and Budget Program.

  • Each Authorization for Expenditure proposed by the Operator shall: identify the Operation to be conducted according to the applicable line item in the Budget and Work Program; describe the Operation in details; include the best estimate of the Operator for the total funds required to conduct the Operation; outline the proposed construction and financial schedule; include additional information to support the Operating Committee’s resolution.

  • The Authorization for Expenditure may be resolved upon in ordinary and extraordinary meetings of the Operating Committee or through postal voting, as provided for in the Internal Regulations of the Operating Committee.

  • If the amount of a certain line item exceeds ten percent (10%) of the initially authorized amount, a new Authorization for Expenditure shall be required.

  • Additionally, as a result of an Authorization for Expenditure reflected in NAAZ2’s revised annual budget, the Company reported that it funded a testing program at the second well drilled on the Khalakan Block, called Shewashan-1.

  • Such deadlines have been extended by the operator and will remain valid until the Authorization for Expenditure (“AFE”) for the first well on each block is issued.


More Definitions of Authorization for Expenditure

Authorization for Expenditure or “AFE” has the meaning provided in the applicable Operating Agreement.
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Authorization for Expenditure means an authority for expenditure, mail ballot or cash call or other approval pursuant to which approval has been given by the Corporation to conduct an operation, create or incur a financial obligation or accept a risk and which remained outstanding, in whole or in part on the Effective Date, all of which are described in Schedule 5.1(s).
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Related to Authorization for Expenditure

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

  • Request for Exclusion means a Class Member’s submission of a written request to be excluded from the Class Settlement signed by the Class Member.

  • For example An employee’s spouse, who is not an NTPS employee, gives birth to a child and is off work for six weeks after the child is born as the primary caregiver. The NTPS employee (the child’s other parent) has over five years of continuous service and takes two weeks paid partner leave when the baby is born. When the child is six weeks old the employee’s spouse returns to her non-NTPS job and the NTPS employee takes longer partner leave to take over care of the couple’s child. NTPS employee would be paid for 12 weeks of the longer partner leave after providing evidence showing that their spouse had ceased to be primary caregiver. This payment covers the period from the seventh to the eighteenth week following the birth of the child.

  • Requisition Compensation includes all compensation or other moneys payable by reason of any act or event such as is referred to in paragraph (b) of the definition of “Total Loss”;

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;

  • Campaign for elective office means any activity in furtherance of an effort to influence the selection, nomination, election, or appointment of any individual to any federal, State, or local public office or office in a political organization, or the selection, nomination, or election of Presidential or Vice-Presidential electors, but does not include activities (i) relating to the support or opposition of any executive, legislative, or administrative action, (ii) relating to collective bargaining, or (iii) that are otherwise in furtherance of the person's official duties.

  • 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.

  • Annual Business Plan means the development plan and budget report for Party B’s Business in the next calendar year which is prepared by Party B with the assistance of Party A pursuant to this Agreement before November 30 of each year.

  • 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.

  • Company Board of Directors means the board of directors of the Company.

  • Directors Fees means the annual fees paid by any Employer, including retainer fees and meetings fees, as compensation for serving on the board of directors.

  • Directors Report means the annual directors’ report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities;

  • Retainer means the annual cash retainer and the additional cash retainer for committee chairs payable to a Director as established from time to time by the Board of Directors; provided, however, that the term “Retainer” shall not include that portion of the annual cash retainer as to which a right exists to make an election under, or for which a prior election is in effect under, the Terms and Conditions Regarding the Grant of Options in Lieu of Cash Directors Fees to Non-Employee Directors Under 2011 Equity Incentive Plan of Manpower Inc. (the “Option Terms”) or the Procedures Governing the Grant of Options to Non-Employee Directors Under the 1994 Executive Stock Option and Restricted Stock Plan of Manpower Inc. (the “Option Procedures”).

  • Board of Studies means the Board of Studies of the University;

  • Individual contract plan means a subcontracting plan that covers the entire contract period (including option periods), applies to a specific contract, and has goals that are based on the offeror’s planned subcontracting in support of the specific contract, except that indirect costs incurred for common or joint purposes may be allocated on a prorated basis to the contract.

  • Additional Contribution Each Member's pro-rata portion of a Required Amount, determined by multiplying the Required Amount by each Member's Interest.

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1.

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

  • Annual Retainer for a particular Director means the retainer (including any additional amounts payable for serving as lead Director or on any committee of the Board), payable to that Director for serving as a Director for the relevant Remuneration Period, as determined by the Board;

  • Exploration Expenditures means the sum of all costs of acquisition and maintenance of the Property, all exploration and development expenditures and all other costs and expenses of whatsoever kind or nature including those of a capital nature, incurred or chargeable by KRC with respect to the exploration and development of the Property and the placing of the Property into Commercial Production.

  • Retainer Fee means a fee charged by a retainer health care

  • 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.

  • Working Timetable has the meaning ascribed to it in Part A of the Network Code.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • permanent establishment means a fixed place of business through which the business of an enterprise is wholly or partly carried on.