Common use of OVERSPENDS AND UNDERSPENDS Clause in Contracts

OVERSPENDS AND UNDERSPENDS. The Host Partner shall make the other Partners aware of any actual or forecast variances of spend against the Pooled Fund or financial risks as soon as it becomes aware of this possibility. The Host Partner will highlight reasons for the variance both current and projected, and make recommendations for action to bring the over-spend into alignment with the budget.

Appears in 2 contracts

Sources: Partnership Agreement, Partnership Agreement