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 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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Examples of Authorization for Expenditure in a sentence

  • 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.

  • 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.

  • 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.

  • 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.

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

  • The Management Council shall provide an Authorization for Expenditure (“AFE”) to each Member at least 90 days prior to the date on which such funds will be required setting forth: (a) the project(s) to which such additional Capital Contribution is related and (B) the proportionate share of the additional Capital Contribution required from such Member (the “Required Funding Amount”).

  • Before incurring a commitment or expenditure provided for in the previously approved Budget and Work Program, the Operator must issue for the Operating Committee an Authorization for Expenditure in case the amounts involved are greater than USD7 million, pursuant to paragraphs 3.24 and 3.25.

  • If the Borrower previously has provided to the Lender any such Authorization for Expenditure, rather than providing another copy, the Borrower may identify to the Lender the Authorization for Expenditure.

  • Before incurring a commitment or expenditure provided for in the previously approved Budget and Work Program, the Operator must issue for the Operating Committee an Authorization for Expenditure in case the amounts involved are greater than USD 7 million, pursuant to paragraphs 3.29 and 3.30 of this annex.


More Definitions of Authorization for Expenditure

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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Authorization for Expenditure or “AFE” has the meaning provided in the applicable Operating Agreement.
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Related to Authorization for Expenditure

  • irregular expenditure means expenditure, other than unauthorised expenditure, incurred in contravention of or that is not in accordance with a requirement of any applicable legislation, including—

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

  • 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;

  • Annual Work Plan and Budget means each annual work plan and budget (including related cash forecasts) for the implementation of the Project approved by the Association, referred to in Section I.D of Schedule 2 to this Agreement; and “Annual Work Plans and Budgets” means, collectively, all such plans and budgets.