Examples of Budgetary Period in a sentence
The Operator shall, not less than one month prior to the Annual Budget Meeting (which shall be held annually in December as provided in Clause 8.6 of the Agreement), prepare and submit to the relevant Committee for recommendation to the boards of directors of the Participants for the next ensuing Budgetary Period separate proposed Programmes and Budgets for Exploration and for Development and Mining.
At least sixty (60) days prior to the expiry of each Work Program (based on its Budgetary Period), a proposed Work Program and Budget for the succeeding Budgetary Period shall be prepared by the Manager and submitted to Kwagga.
At the end of each Budgetary Period, a final recalculation of each Participant's Participating Interest shall be made, with the provisional recalculations made under Section 6.03(b) adjusted to reflect actual contributions, credits, distributions, debits, losses or deductions made during that period and the Participants shall repay or be paid any distributions owing or owed based upon such recalculation.
As shown in the tables, water used for domestic and industrial purposes was 3 m3/s (106 cfs) over the past six months, or 0.1 to 0.2% of the total monthly outflow.
During the period encompassed by any Program and Budget, and at least two months prior to its expiration, a proposed Program and Budget for the succeeding Budgetary Period shall be prepared by the Chief Officer and submitted to the Joint Venture Participants.
At the end of the relevant Budgetary Period the Owner and the Operator shall review the actual Operating Return for that Budgetary Period as against that contained in the Annual Budget and Operating Plan and approved by the Owner as representing the target Operator Return for the purposes of such performance incentive scheme and the Owner shall determined what, if any, incentive payments shall be made to the Operator’s employees under the performance incentive scheme.
If during the Budgetary Period the assumptions underlying a Program and Budget or the basis thereof change, the Manager may also propose an interim Program and Budget for approval by the Participants, provided that it is submitted to the Participants at least two months prior to the date the interim Program and Budget is proposed to take effect.
In the event that the Bankable Feasibility Study recommends the construction of a Mine, the Manager shall submit (along with such Bankable Feasibility Study) a Mine Construction Program to Kwagga for review and approval in accordance with Section 4.4. In the event that the Bankable Feasibility Study does not recommend the construction of a Mine, the Manager shall prepare and submit a proposed Work Program and Budget for the succeeding Budgetary Period in accordance with Section 4.2.
By not later than the first business day of each Month of a Budgetary Period, the Owner shall deposit in the Payment Account an amount on account of the Budgeted Amounts estimated for that Month in the then current Accrual Budget and Operating Plan.
During the Budgetary Period encompassed by any Program and Budget and at least two months prior to its expiration, the Manager shall prepare a proposed Program and Budget for the succeeding Budgetary Period and submit such Program and Budget to each of the Participants.