Work Plan and Budget definition

Work Plan and Budget means either an Exploration Work Plan and Budget or a Development and Production Work Plan and Budget.

Work Plan and Budget or “WPB” means the work plan and budget provided in advance for the Project, which is prepared by the Recipient and for which IFAD has provided its non-objection. If the Project Implementation Period is eighteen (18) months or less, there will be a single WPB for the Project. If the Project Implementation Period is more than eighteen (18) months, there will be an Annual Work Plan and Budget (“AWPB”) for each twelve (12) month period during the Project Implementation Period. Every WPB must also include a Procurement Plan and cash flow forecast following the example set forth at xxx.xxxx.xxx/xxxxxxxxxx.

Work Plan and Budget has the meaning set forth in Section 3.1.

Examples of Work Plan and Budget in a sentence

• If Contractor elects to include as part of the Petroleum Operations the operation described in the sole risk notice within the appropriate periods described in paragraph 3 above, such operation shall be carried out by the Operator within the framework of the Petroleum Operations under this Agreement, as a part of the current Work Plan and Budget which shall be considered as revised accordingly.

• Within one (1) Month of the Effective Date and thereafter at least three (3) Months prior to the beginning of each Contract Year during the Exploration Period or at such other times as may mutually be agreed to by Sonangol and Contractor, Contractor shall prepare in reasonable detail an Exploration Work Plan and Budget for the Contract Area setting forth the Exploration operations which Contractor proposes to carry out during the first Contract Year and during the ensuing Contract Year respectively.

More Definitions of Work Plan and Budget

Work Plan and Budget means the work plan and budget approved by the Association and adopted by the Recipient in accordance with the provisions of Section I.B.3 of Schedule 2 to this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Association.

Work Plan and Budget means each work plan and budget for the Project prepared by the Recipient and approved by the Bank pursuant to Section I.C of Schedule 2 to this Agreement.

Work Plan and Budget means the work plan and budget acceptable to the Association referred to in Section I.B.3 of Schedule 2 to this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Association.

Work Plan and Budget has the meaning set forth in Section I.B.4 of Schedule 2 to this Agreement.

Work Plan and Budget or “WP&B” means the work plan and budget for the Project, dated July 21, 2010, prepared by the Recipient and approved by the World Bank, as the same further referred to in paragraph 2.02 (d) of the Annex to this Agreement.

Work Plan and Budget means the written description of the Activities to be performed by each Party as specified by each applicable Project Agreement containing the estimated timelines/dates, deliverables and estimated budget for the various stages of the Project, as may be amended from time to time in accordance with the terms of this Agreement and the individual Project Agreement.

Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Recipient in accordance with the provisions of Section I.B.3 of Schedule 2 to this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.