Common use of Authorization for Expenditure Clause in Contracts

Authorization for Expenditure. AFE") PROCEDURE 9.6.1 At least thirty (30) days prior to incurring any commitment or expenditure for the Joint Account, which is estimated to be in excess of U.S. dollars one hundred thousand dollars (U.S. $100,000.00) in an approved Program and Budget, Operator shall send to each Non-Operator an AFE as described in Article 9.6. 9.6.2 The approval process for each AFE shall be as stated in the Sections 7.3, 7.4 and 7.5 of the Accounting Procedure. 9.6.3 Each AFE proposed by the Operator shall: (i) Identify the operation by specific reference to the applicable line items in the Work Program and Budget; (ii) Describe the work in detail; (iii) Contain Operator's best estimate of the total funds required to carry out such work; (iv) Outline the proposed work schedule; (v) Provide a timetable of expenditures, if known; and (vi) Be accompanied by such other supporting information as is necessary for an informed decision.