Common use of Operations Under Programs and Budgets Clause in Contracts

Operations Under Programs and Budgets. Except as otherwise provided in this Agreement, Operations shall be conducted, expenses shall be incurred and Assets shall be acquired consistent with Programs and Budgets duly adopted by the Board of Managers as detailed in Schedule 14.1.1. Each Program and Budget shall detail the Operations to be conducted and the objectives to be accomplished by the Company for the period of time set forth therein and shall include: (a) accrual of reasonably anticipated Environmental Compliance expenses for all Operations contemplated under the Program and Budget, and (b) payment of all obligations and liabilities of the Company and its Subsidiaries under leases, contracts and agreements of the Company and its Subsidiaries and all other costs and expenses necessary or appropriate for the development and Operation of the Properties and the long-term business success of the Company. The initial Program and Budget, which has been adopted by the Members, is attached as Schedule 14.1.2.