Common use of AFEs Clause in Contracts

AFEs. Except for emergency expenditures as provided for in Section 4.11 and expenditures as mentioned in Section 2.3.2 of the Accounting Procedure, the Operator shall before entering into any commitment or incurring any expenditure under an approved Programme and Budget submit to the Parties an AFE therefor. An AFE shall include the information set out in, and be prepared in accordance with, Section 7.2 of the Accounting Procedure. To the extent that the Operating Committee approves an AFE, the Operator shall be authorised and obligated, subject to Section 6.11, to proceed with such commitment or expenditure.

AFEs. Except for emergency expenditures as provided for in Section 4.11 3.11 and expenditures as mentioned men- tioned in Section 2.3.2 of the Accounting Procedure, the Operator shall before entering into any commitment or incurring any expenditure under an approved Programme and Budget submit to the Parties an AFE therefor. An AFE shall include the information set out in, and be prepared in accordance with, Section 7.2 of the Accounting Procedure. To the extent that the Operating Committee approves an AFE, the Operator shall be authorised and obligated, subject sub- ject to Section 6.115.11, to proceed with such commitment or expenditure.

AFEs. Except for emergency expenditures as provided for in Section 4.11 3.11 and expenditures as mentioned in Section 2.3.2 of the Accounting Procedure, the Operator shall before entering into any commitment or incurring any expenditure under an approved Programme and Budget submit to the Parties an AFE therefor. An AFE shall include the information set out in, and be prepared in accordance with, Section 7.2 of the Accounting Procedure. To the extent that the Operating Committee approves an AFE, the Operator shall be authorised and obligated, subject to Section 6.115.11, to proceed with such commitment or expenditure.