Common use of Budget Overruns; Program Changes Clause in Contracts

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than fifteen percent (15%) in the aggregate, then the excess over fifteen percent (15%), unless authorized or ratified by the Management Committee, shall be for the sole account of the Manager and such excess shall not be included in the calculations of the Ownership Interests nor deemed a contribution under this Agreement. Budget overruns of fifteen percent (15%) or less in the aggregate shall be borne by the Members in proportion to their respec­tive Ownership Interests.

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure including documented reasons, from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than fifteen percent ten per cent (1510%) in the aggregate), then the excess over fifteen percent ten per cent (1510%), unless directly caused by an emergency expenditure made pursuant to Section 9.3(h), due to unforeseen events beyond the reasonable control or anticipation of the Manager, or unless otherwise authorized or ratified by the Management Committee, shall be for the sole account of the Manager and such excess shall not be included in the calculations of the Ownership Interests nor deemed a contribution under this AgreementParticipating Interests. Budget overruns of fifteen percent ten per cent (1510%) or less in the aggregate shall be borne by acceptable to form part of the Members in proportion to their respec­tive Ownership InterestsEarn - In Expenditures.

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure including documented reasons, from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than fifteen percent ten per cent (1510%) in the aggregate), then the excess over fifteen percent ten per cent (1510%), unless directly caused by an emergency expenditure made pursuant to Section 9.3(h), due to unforeseen events beyond the reasonable control or anticipation of the Manager, or unless otherwise authorized or ratified by the Management Committee, shall be for the sole account of the Manager and such excess shall not be included in the calculations of the Ownership Interests nor deemed a contribution under this AgreementParticipating Interests. Budget overruns of fifteen percent ten per cent (1510%) or less in the aggregate shall be borne by acceptable to form part of the Members in proportion to their respec­tive Ownership InterestsEarn-In Expenditures.