Common use of Content of Budgets Clause in Contracts

Content of Budgets. Each Budget shall be prepared in reasonable detail and shall set forth Expenditures for a budgeted item which, under generally accepted accounting principles, would be capitalized. Budget items for Exploration Operations shall, as near as is practicable, show the estimated expenditures for each calendar quarter covered by the Budget period. Budget items for any Development or Mining Operations shall, as near as is practicable, show the estimated Expenditures for each month covered by the Budget period.

Content of Budgets. Each Budget shall be prepared in reasonable detail and shall set forth Expenditures each expenditure of $20,000 or more for a budgeted item which, under generally accepted accounting principlestreatment, would be capitalized. Each Budget items for an Exploration Operations shallProgram, as near as is practicable, shall show the estimated expenditures for each calendar quarter covered by the Budget period. Each Budget items for any Development or Mining Operations shallProgram, as near as is practicable, shall show the estimated Expenditures expenditures for each month covered by the Budget period.