Common use of Budget Overruns; Program Changes Clause in Contracts

Budget Overruns; Program Changes. The Manager will immediately provide notice to the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget (as amended under Section 6.5) by more than 15.0%, then the excess over 15.0%, unless directly caused by an emergency or unexpected expenditure made under Section 6.10 or unless otherwise authorized by the approval of the Management Committee under Section 5.2(e), will be at the sole cost and expense of the Manager and will not be considered a Capital Contribution or taken into account in the calculation of Interests. Budget overruns of 15.0% or less will be considered costs and expenses of the Company, and will be funded by the Members making additional Capital Contributions to the Company in proportion to their respective Interests, subject to the provisions of Section 3.4 and Section 3.5, as applicable.

Budget Overruns; Program Changes. The Manager will shall immediately provide notice Notice to the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget (as amended under Section 6.5) by more than 15.0ten percent (10%), then the excess over 15.0ten percent (10%), unless directly caused by an emergency or unexpected expenditure Expenditure made under Section 6.10 or unless otherwise authorized by the unanimous approval of the Management Committee under Section 5.2(e)Committee, will shall be at the sole cost and expense of the Manager and will shall not be considered a Capital Contribution or taken into account in the calculation of Interests. Budget overruns of 15.0% ten percent (10%) or less will shall be considered costs and expenses of the Company, and will shall be funded by the Members making additional Capital Contributions to the Company in proportion to their respective Interests, subject to the provisions of Section 3.4 and Section 3.5, as applicable.

Budget Overruns; Program Changes. The Manager will shall immediately provide notice to the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget (as amended under Section 6.56.4) by more than 15.015%, then the excess over 15.015%, unless directly caused by an emergency or unexpected expenditure made under Section 6.10 6.9 or unless otherwise authorized by the unanimous approval of the Management Committee under Section 5.2(e)Committee, will shall be at the sole cost and expense of the Manager and will shall not be considered a Capital Contribution or taken into account in the calculation of Interests. Budget overruns of 15.015% or less will shall be considered costs and expenses of the Company, and will shall be funded by the Members making additional Capital Contributions to the Company in proportion to their respective Interests, subject to the provisions of Section 3.4 and Section 3.5, as applicable.

Budget Overruns; Program Changes. The Manager will shall immediately provide notice to the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds a the total amount of an adopted Budget (as amended under Section 6.5) by more than 15.020%, then the excess over 15.020%, unless directly caused by an emergency or unexpected expenditure made under Section 6.10 6.8 or unless otherwise authorized by the unanimous approval of the Management Committee under Section 5.2(e)Committee, will shall be at the sole cost and expense of the Manager and will shall not be considered a Capital Contribution or taken into account in the calculation of Interests. Budget overruns of 15.020% or less will shall be considered costs and expenses of the Company, and will shall be funded by the Members making additional Capital Contributions to the Company in proportion to their respective Interests, subject to the provisions of Section 3.4 and Section 3.5, as applicable.