After Coordinator. Utility shall have submitted its proposed program of activities and budget for approval pursuant to Section 1.7 hereof, the Management Committee shall, prior to October 20 of each calendar year, consider, agree upon and adopt a program of activities and budget for the next succeeding calendar year. Upon adopting a program of activities and budget as provided herein, the Management Committee shall provisionally consider but not act upon, adopt or agree to, a program of activities and budget for the calendar year next following that for which the program of activities and budget shall have been adopted.
Appears in 2 contracts
Sources: Interim Cooperative Agreement (Nicor Inc), Interim Cooperative Agreement (Northern Illinois Gas Co /Il/ /New/)