Common use of Budget Overruns; Program Changes Clause in Contracts

Budget Overruns; Program Changes. The Manager shall immediately provide notice to the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget (as amended under Section 6.4) by more than 15%, then the excess over 15%, unless directly caused by an emergency or unexpected expenditure made under Section 6.9 or unless otherwise authorized by the unanimous approval of the Management Committee, shall be at the sole cost and expense of the Manager and shall not considered a Capital Contribution or taken into account in the calculation of Interests. Budget overruns of 15% or less shall be considered costs and expenses of the Company, and shall be funded by the Members making additional Capital Contributions to the Company in proportion to their respective Interests. 6.9

Budget Overruns; Program Changes. The Manager shall immediately provide notice to the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds a the total amount of an adopted Budget (as amended under Section 6.46.5) by more than 1520%, then the excess over 1520%, unless directly caused by an emergency or unexpected expenditure made under Section 6.9 6.8 or unless otherwise authorized by the unanimous approval of the Management Committee, shall be at the sole cost and expense of the Manager and shall not be considered a Capital Contribution or taken into account in the calculation of Interests. Budget overruns of 1520% or less shall be considered costs and expenses of the Company, and shall be funded by the Members making additional Capital Contributions to the Company in proportion to their respective Interests. 6.9.

Budget Overruns; Program Changes. The Manager shall will immediately provide notice to the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget (as amended under Section 6.46.5) by more than 1515.0%, then the excess over 1515.0%, unless directly caused by an emergency or unexpected expenditure made under Section 6.9 6.10 or unless otherwise authorized by the unanimous approval of the Management CommitteeCommittee under Section 5.2(e), shall will be at the sole cost and expense of the Manager and shall will not be considered a Capital Contribution or taken into account in the calculation of Interests. Budget overruns of 1515.0% or less shall will be considered costs and expenses of the Company, and shall will be funded by the Members making additional Capital Contributions to the Company in proportion to their respective Interests. 6.9, subject to the provisions of Section 3.4 and Section 3.5, as applicable.

Budget Overruns; Program Changes. The Manager shall immediately provide notice Notice to the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget (as amended under Section 6.46.5) by more than 15ten percent (10%), then the excess over 15ten percent (10%), unless directly caused by an emergency or unexpected expenditure Expenditure made under Section 6.9 6.10 or unless otherwise authorized by the unanimous approval of the Management Committee, shall be at the sole cost and expense of the Manager and shall not considered a Capital Contribution or taken into account in the calculation of Interests. Budget overruns of 15% ten percent (10%) or less shall be considered costs and expenses of the Company, and shall be funded by the Members making additional Capital Contributions to the Company in proportion to their respective Interests. 6.9.

Budget Overruns; Program Changes. The Manager shall immediately provide notice to the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget (as amended under Section 6.46.5) by more than 15twenty percent (20%), then the excess over 15twenty percent (20%), unless directly caused by an emergency or unexpected expenditure made under Section 6.9 6.10 or unless otherwise authorized by the unanimous approval of the Management Committee, shall be at the sole cost and expense of the Manager and shall not be considered a Capital Contribution or taken into account in the calculation of Interests. Budget overruns of 15% twenty percent (20%) or less shall be considered costs and expenses of the Company, and shall be funded by the Members making additional Capital Contributions to the Company in proportion to their respective Interests. 6.9.