Define AFE Sample Clauses
The 'Define AFE' clause establishes the meaning of the term 'AFE,' which typically stands for 'Authorization for Expenditure.' This clause clarifies that whenever 'AFE' is referenced in the agreement, it refers to a specific document or process used to approve and track project-related costs, such as in joint venture operations or capital projects. By providing a clear definition, the clause ensures all parties have a mutual understanding of what constitutes an AFE, thereby reducing ambiguity and potential disputes regarding project approvals and cost management.
Define AFE. An AFE containing the estimated Costs of the Define Stage, accompanied by a memorandum describing in detail the anticipated scope of work to be undertaken during the Define Stage, the estimated type and number of staff required to complete that scope of work, the estimated duration of the Define Stage, and the estimated Costs of the Define Stage; if a Project Team was not formed during the Selection Stage, the proposing Party may submit, along with the Define AFE, a proposal for the formation of a Project Team accompanied by a memorandum similar to the one referred to in Article 12.3.1 (Proposal of a Project Team);
Define AFE. The AFE for the Define Stage.
Define AFE. An AFE containing the estimated Costs of the Define Stage, accompanied by a memorandum describing in detail the anticipated scope of work to be undertaken during the Define Stage, the estimated type and number of staff required to complete that scope of work, the estimated duration of the Define Stage, and the estimated Costs of the Define Stage; if a Project Team was not formed during the Selection Stage, or if the scope of work of an existing Project Team is to be extended beyond its Selection Stage scope of work, the proposing Party may submit, along with the Define AFE, a proposal for the formation (or extension, as the case may be) of a Project Team accompanied by a memorandum similar to the one referred to in Article 12.3.1 (Proposal of a Project Team);