Common use of Review and Approval of Proposed Programs and Budgets Clause in Contracts

Review and Approval of Proposed Programs and Budgets. Within thirty (30) days after submission of a proposed Program and Budget to the Management Committee, the Management Committee shall: (i) approve the proposed Program and Budget; or (ii) propose modifications of the proposed Program and Budget; or (iii) reject the proposed Program and Budget. If the Management Committee makes the elections pursuant to Section 9.4 (ii) or 9.4 (iii) then the Manager will review the modifications and/or any recommendations of the Management Committee and will resubmit a Program and Budget within thirty (30) days.