Common use of Budget Overruns; Program Changes Clause in Contracts

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than ten percent (10%), then such excess over ten percent (10%) shall be for the sole account of the Manager, not creditable to the calculation of Participating Interests, unless such excess amount is directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 or is otherwise authorized by the approval of the Management Committee. Budget overruns of ten percent (10%) or less shall be borne by the Participants in proportion to their respective Participating Interests as of the time the overrun occurs.

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted the Budget by more than ten percent (10%), then such excess over ten percent (10%) shall be for the sole account of the Manager, not creditable to the calculation of Participating Interests, unless such excess amount is directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 or is unless otherwise authorized by the approval Management Committee and incorporated into an amended Program and Budget), the excess shall be for the sole account of the Management CommitteeManager and such excess shall not be included in the calculations of the Participating Interests. Budget overruns of ten percent (10%) or less shall be borne by the Participants in proportion to their respective Participating Interests Interest as of the time the overrun occurs.

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than ten percent (10%), then such the excess over ten percent (10%) shall be for the sole account of the Manager, not creditable to the calculation of Participating Interests, unless such excess amount is directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 or is unless otherwise authorized by the approval Management Committee, shall be at the sole cost and expense of the Management CommitteeManager and shall not be included in the calculations of the Percentage Interests. Budget overruns of ten percent (10%) % or less shall be borne by the Participants Members in proportion to their respective Participating Percentage Interests as of the time the overrun occurs.

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than ten percent (1015%), then such the excess over ten percent (1015%) , unless directly caused by an emergency expenditure made pursuant to Section 9.9 or unless otherwise unanimously authorized by the Management Committee, shall be for the sole account of the Manager, Manager and such excess shall not creditable to be included in the calculation calculations of the Participating Interests, unless such excess amount is directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 or is otherwise authorized by the approval of the Management Committee. Budget overruns of ten percent (10%) 15% or less shall be borne by the Participants in proportion to their respective Participating Interests in the affected Area as of the time the overrun occurs.

Budget Overruns; Program Changes. The Manager shall immediately notify AGREEMENT-Page 29 the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than ten percent (10%), then such the excess over ten percent (10%) shall be for the sole account of the Manager, not creditable to the calculation of Participating Interests, unless such excess amount is directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 9.08 or is unless otherwise authorized by the approval Management Committee, shall be for the sole account of the Management CommitteeManager and such excess shall not be included in the calculations of the Participating Interests. Budget overruns of ten percent (10%) % or less shall be borne by the Participants in proportion to their respective Participating Interests as of the time the overrun occurs.

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than ten percent (10%), then such the excess over ten percent (10%) shall be for the sole account of the Manager, not creditable to the calculation of Participating Interests, unless such excess amount is directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 or is unless otherwise authorized by the approval Management Committee, shall be forat the sole accountcost and expense of the Management CommitteeManager and such excess shall not be included in the calculations of the ParticipatingPercentage Interests. Budget overruns of ten percent (10%) % or less shall be borne by the Participants ParticipantsMembers in proportion to their respective Participating ParticipatingPercentage Interests as of the time the overrun occurs.

Budget Overruns; Program Changes. The Manager shall immediately notify --------------------------------- the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than ten percent (10%), then such the excess over ten percent (10%) shall be for the sole account of the Manager, not creditable to the calculation of Participating Interests, unless such excess amount is directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 or is unless otherwise authorized by the approval Management Committee, shall be for the sole account of the Management CommitteeManager and such excess shall not be included in the calculations of the Participating Interests. Budget overruns of ten percent (10%) % or less shall be borne by the Participants in proportion to their respective Participating Interests as of the time the overrun occurs.

Budget Overruns; Program Changes. The Manager shall immediately notify provide notice to the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than ten percent (10%as amended under Section 6.5), then such excess over ten percent (10%) shall be for the sole account of the Manager, not creditable to the calculation of Participating Interestsexcess, unless such excess amount is directly caused by an emergency or unexpected expenditure made pursuant to under Section 9.8 6.10 or is unless otherwise authorized by the unanimous approval of the Management Committee. Budget overruns of ten percent (10%) or less , shall be borne by at the Participants in proportion to their respective Participating Interests as sole cost and expense of the time Manager and shall not be considered a Capital Contribution or taken into account in the overrun occurscalculation of Interests.

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure from an adopted Adopted Program and Budget. If the Manager exceeds an adopted Adopted Budget by more than ten percent (10%), then such the excess over ten percent (10%) shall be for the sole account of the Manager, not creditable to the calculation of Participating Interests, unless such excess amount is directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 or is unless otherwise authorized by the approval Management Committee, shall be for the sole account of the Management CommitteeManager and such excess shall not be included in the calculations of the Participating Interests. Budget overruns of ten percent (10%) % or less shall be borne by the Participants in proportion to their respective Participating Interests as of the time the overrun occurs.