Programmes and Budgets Sample Clauses

Programmes and Budgets. Unless otherwise approved by GFBV and NAPL, all proposed Programmes and Budgets relating to the APP Project, to the extent that such Programmes and Budgets relate to work to be conducted prior to the expiry of the Option Period, shall be prepared by the Managing Director and copies thereof submitted to the GFAP Board and the GFBV Observers on an annual basis. During the Option Period and provided NAPL and NAPF are in compliance with their obligations under this Agreement (including its funding obligations under Clause 7.2) and the Services Agreement and the Managaing Director is in compliance with his or her obligations under the MD Agreement, the GFAP Board shall have the authority to approve any proposed Programme and Budget and the making of any Earn-in Expenditures relating thereto unless such approval or the making of such Earn-in Expenditures would: 8.2.1 cause GFF or GFAP to be in breach of its obligations under any APP Project agreements, licenses or permits (including the APP Project License) or cause a breach by GFF or GFAP of Applicable Law; or 8.2.2 be materially prejudicial to GFF or GFAP.

Programmes and Budgets. 13.1 Proposed Programme and Budget (a) By no later than 15 June in each Year or such other dates as the Management Committee may agree, the Manager must provide the Joint Venturers with a Proposed Programme and Budget which must include details of the programme of Joint Venture Activities proposed for the next Year and an itemised budget specifying all estimated Joint Venture Costs proposed to be charged by the Manager on a monthly basis under this Agreement. (b) Each Proposed Programme and Budget must include expenditure on the Tenements sufficient to comply with minimum expenditure obligations under the Mining Act during that period. 13.2 Approved Programme and Budget (a) Not less than 7 days after provision of a Proposed Programme and Budget, and by no later than the end of June in each Year or such other month as the Management Committee may determine, the Management Committee must meet and discuss the Proposed Programme and Budget for the next Year and adopt, with or without amendment, an Approved Programme and Budget for that Year. (b) Once approved, the Manager must implement the Approved Programme and Budget, and give a copy to each Joint Venturer. (c) An Approved Programme and Budget may be amended by the Manager with the approval of the Management Committee.

Programmes and Budgets. 19 8.1 WORK IN ACCORDANCE WITH APPROVED PROGRAMMES AND BUDGETS.................19 8.2

Programmes and Budgets. 7.3.1 No later than 1 October each year, the Operator shall submit to the Parties the programme and budget for the following year. 7.3.2 The Management Committee shall approve these programmes and budgets before 15 November each year. 7.3.3 For the first financial year under this Agreement, which shall commence as of the Effective Date and end on 31 December of the same year, the exploration programme and budget shall be drawn up within thirty (30) days of the Effective Date and be approved within the next thirty (30) days.

Programmes and Budgets. The Manager must prepare and submit to the Board for approval a programme and budget from the end of the term of the Temporary Management Agreement to 30 June of the financial year in which termination occurred. The Manager may also prepare a supplementary or revised programme and budget for the Board.

Programmes and Budgets. Subject to Section 4.7, the Contractor shall carry out Petroleum Operations substantially in accordance with Work Programmes and Budgets approved by the Ministry. Such an approval by the Ministry is without prejudice to any other obligation or liability of the Contractor under this Agreement.

Programmes and Budgets. Joint Operations shall be conducted, expenses shall be incurred and Joint Account Assets shall be acquired pursuant only to Approved Programmes and Budgets. The Financial and Accounting Procedures contains, among other things, provisions concerning the preparation, review and approval of Programmes and Budgets.

Programmes and Budgets. 21 10.1 Operator to Prepare Programmes and Budgets 21 10.2 Times for Submission 21 10.3 Contents of Programmes and Budgets 21 10.4 Approval of Programmes and Budgets 21 10.5 Operator to Act in Absence of Approval 23 10.6 Notice of Excess Expenditures 23 10.7 Approved Programme to Continue Unless Modified 23 11. CHARGING OF COSTS 24 11.1 Authorised Costs and Expenses 24 11.2 Maintenance of Joint Account 24 11.3 Liability of Parties 24 11.4 Treatment of Any Subsidy or Contribution 24 Clause Heading Page

Programmes and Budgets. 3.2.1 The preparation of Programmes and the Capital Budget relating to Development and the construction of the Project, together with amendments and supplements thereto; 3.2.2 the preparation of Programmes, the Annual Operating Budget, the Mining Plan and the Life of Mine Plan relating to mining activities together with amendments and supplements thereto; and 3.2.3 the preparation of the Annual Budget in respect of all Programmes, Development, Mining and Treatment activities within the Area.