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 a the total amount of an adopted Budget (as amended under Section 6.5) by more than 20%, then the excess over 20%, unless directly caused by an emergency or unexpected expenditure made under Section 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 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.

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 6.56.4) by more than 2015%, then the excess over 2015%, unless directly caused by an emergency or unexpected expenditure made under Section 6.8 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 be considered a Capital Contribution or taken into account in the calculation of Interests. Budget overruns of 2015% 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 6.5) by more than twenty percent (20%), then the excess over twenty percent (20%), unless directly caused by an emergency or unexpected expenditure made under Section 6.8 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 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.

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 a the total amount of an adopted Budget (as amended under Section 6.5) by more than 20ten percent (10%), then the excess over 20ten percent (10%), unless directly caused by an emergency or unexpected expenditure Expenditure made under Section 6.8 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 20% 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.

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 a the total amount of an adopted Budget (as amended under Section 6.5) by more than 2015.0%, then the excess over 2015.0%, unless directly caused by an emergency or unexpected expenditure made under Section 6.8 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 2015.0% 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, subject to the provisions of Section 3.4 and Section 3.5, as applicable.