Operations Pursuant to Programs and Budgets Clause Samples
The "Operations Pursuant to Programs and Budgets" clause establishes that all activities and expenditures under an agreement must be conducted in accordance with pre-approved programs and budgets. In practice, this means that the parties are only authorized to carry out operations and incur costs that have been specifically outlined and agreed upon in the relevant program documents and budget schedules. This clause ensures financial discipline and operational alignment by preventing unauthorized actions or overspending, thereby promoting transparency and accountability in the management of the agreement.
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Operations Pursuant to Programs and Budgets. Except as otherwise provided in Sections 7.2 and 9.7, Operations shall be conducted, expenses shall be incurred, and Assets shall be acquired only pursuant to approved Programs and Budgets.
Operations Pursuant to Programs and Budgets. Operations shall be conducted, expenses shall be incurred, and Assets shall be acquired only pursuant to adopted Programs and Budgets.
Operations Pursuant to Programs and Budgets. Except as otherwise provided in Section 8.13, Operations shall be conducted, expenses shall be incurred, and Assets shall be acquired only pursuant to adopted Programs and Budgets. Every Program and Budget adopted pursuant to this Agreement shall provide for accrual of reasonably anticipated Environmental Compliance expenses for all Operations contemplated under the Program and Budget. Programs and Budgets shall provide only for Exploration, Development or mining operations on the Properties and for no other activities or expenditures.
Operations Pursuant to Programs and Budgets. Except as otherwise provided in Section 8.13, and Article XII, Operations shall be conducted, expenses shall be incurred, and Assets shall be acquired only pursuant to adopted Programs and Budgets. Every Program and Budget adopted pursuant to this Agreement shall provide for accrual of reasonably anticipated Environmental Compliance expenses for all Operations contemplated under the Program and Budget. 50538524.8
Operations Pursuant to Programs and Budgets. Operations shall be conducted, expenses shall be incurred, and Assets shall be acquired pursuant to a Program and Budget approved pursuant to Section 9.2. Every Program and Budget adopted pursuant to this Agreement shall provide for accrual of reasonably anticipated Environmental Compliance expenses for all operations contemplated under the Program and Budget.
Operations Pursuant to Programs and Budgets. 22- 7.1.2 Content of Programs and Budgets.....................-22- 7.1.3 Presentation of Programs and Budgets..
Operations Pursuant to Programs and Budgets. Except as otherwise provided in Sections 9.7, 10.6, 10.7, 10.8 or 10.9 of this Agreement or in and Article VI of the Members Agreement, Operations shall be conducted, expenses shall be incurred, and Assets shall be acquired only pursuant to adopted Programs and Budgets.
Operations Pursuant to Programs and Budgets. Except as otherwise provided in Section 9.8 and Article XIII, operations shall be conducted, expenses shall be incurred, and Assets shall be acquired only pursuant to approved Programs and Budgets. Pro-grams and Budgets shall be designed to set forth in reasonable detail the scope, direction and nature of Operations and to establish a basis for Operations, but are not expected to constitute an enumerated list of each activity and expenditure to be undertaken by the Manager.
Operations Pursuant to Programs and Budgets. Except as otherwise provided in Section 5.18(d)(i) and in Article 18 and in respect of Permitted Overruns, following the Effective Date, Operations shall be conducted, Costs shall be incurred, and Assets shall be acquired only pursuant to Programs and Budgets (or deemed adopted) pursuant hereto.
Operations Pursuant to Programs and Budgets. Upon Commencement of Joint Funding, Operations shall be conducted, expenses shall be incurred, and Assets shall be acquired only pursuant to a Program and Budget approved pursuant to Section 10.2. Every Program and Budget adopted pursuant to this agreement shall provide for accrual of reasonably anticipated Environmental Compliance expenses for all Operations contemplated under the Program and Budget. For avoidance of doubt, the initial Program and Budget shall include all Historical Costs related to the Merian Right of Exploration, Merian Right of Exploitation and all Additional Rights to the extent not included in the Total Value (as defined in the Mineral Agreement), including specifically all Historical Costs incurred after the date of issuance of the Merian Right of Exploitation but before Commencement of Joint Funding.