Common use of BUDGET STATEMENT Clause in Contracts

BUDGET STATEMENT. 10.1 The Contractor shall prepare an annual Budget Statement. This Statement shall distinguish between Exploration Expenses, Development Expenses and Operating Expenses and shall show the following: (a) forecast expenditure and receipts for the budget year under the Agreement; (b) cumulative expenditures and receipts to the end of the said budget year; (c) a schedule showing the most important and individual items of Development Expenses for the said budget year; 10.2 The Budget Statement shall be submitted to Government and TPDC with respect to each budget year no less than ninety (90) days before the start of the year except in the case of the year in which the Effective Date falls, when the Budget Statement shall be submitted within thirty (30) days of the Effective Date.

BUDGET STATEMENT. 10.1 The Contractor Company shall prepare an annual Budget Statement. This Statement shall distinguish between Exploration Expenses, Development Expenses and Operating Expenses and shall show the following: (a) forecast Forecast expenditure and receipts for the budget year under the Agreement;. (b) cumulative Cumulative expenditures and receipts to the end of the said budget year;. (c) a A schedule showing the most important and individual items of Development Expenses for the said budget year;. 10.2 The Budget Statement shall be submitted to Government and TPDC T.P.D.C. with respect to each budget year no less than ninety (90) days before the start of the year except in the case of the year in which the Effective Date falls, when the Budget Statement shall be submitted within thirty (30) days of the Effective Date.

BUDGET STATEMENT. 10.1 The Contractor shall prepare an annual Annual Budget Statement. This Statement shall distinguish between set out separately Exploration Expenses, Development Expenses and Operating Expenses and shall show the following: (a) forecast expenditure and receipts for the budget year under the Agreement; (b) cumulative expenditures and receipts to the end of the said budget year;; and (c) a schedule showing the most important and individual items of Development Expenses for the said budget year; 10.2 The Budget Statement shall be submitted to Government and TPDC with respect to each budget year no less than ninety (90) days before the start of the year except in the case of the year in which the Effective Date falls, when the Budget Statement shall be submitted within thirty (30) days of the Effective Date.