Common use of Pre-Operating Period Clause in Contracts

Pre-Operating Period. Not later than ninety (90) Days after the Effective Date, Operator shall prepare and submit to Owner, or update and revise if previously submitted to Owner, Operator’s proposed Operating Plan for the Pre-Operating Period. The Operating Plan shall include (and each amendment thereto shall include) a program and timetable for the performance of Operator’s obligations under Article III and a Budget for the Pre-Operating Period and shall only relate to the Services provided under this Agreement. The Budget shall show (and any amendment thereto shall show), in such detail reasonably acceptable to Owner and on a Month by Month basis, an itemized estimate of the amount of each Operating Expense to be incurred in the implementation of the Operating Plan by Operator.