Initial Work Program and Budget Sample Clauses

The Initial Work Program and Budget clause defines the requirement for the parties to establish a detailed plan and associated budget for the commencement phase of a project or venture. Typically, this clause outlines the scope of initial activities, timelines, and the allocation of financial resources necessary to achieve early project milestones. By setting clear expectations and financial parameters from the outset, this clause ensures that all parties are aligned on objectives and resource commitments, thereby reducing the risk of misunderstandings or disputes as the project progresses.
Initial Work Program and Budget. Contractor shall, within ninety (90) Days after the Effective Date, submit to the Operations Committee for its review and comment, in accordance with Sub-articles 7.7 and 7.8, a Work Program and Budget for the Exploration Operations for the remainder of the first Calendar Year of the Exploration Period. If the Effective Date is less than one hundred thirty-five (135) Days before the end of the first Calendar Year, Contractor shall submit a Work Program and Budget for the Exploration Operations for the remainder of the first Calendar Year and the subsequent Calendar Year of the Exploration Period.
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Initial Work Program and Budget. The Parties agree to implement the Work Program and Budget for the period from the Effective Date until the end of the current period under the PSC attached as Exhibit C to this Agreement (the Initial Work Program and Budget). Any subsequent Work Program and Budget prepared during the Exploration Period shall be in a format substantially similar to the Initial Work Program and Budget; and prepared, approved and revised, as applicable, in accordance with, and pursuant to, the other applicable provisions of this Agreement.
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Initial Work Program and Budget. (a) Following the Effective Date, Origin B2 shall continue to implement the current Work Program and Budget that has been approved under the JOA (Current WP&B). (b) On direction of the Shareholders, the Manager shall prepare a revised Work Program and Budget amending the Current WP&B, for the period until 30 June 2023, in accordance with: (i) the requirements of the JOA; (ii) any directions of the Board; and (iii) any recommendations of the Technical Committee that have been approved by the Board, and submit the draft Work Program and Budget to the Board for approval as soon as practicable following such direction. (c) Within 5 days of receipt of the amended Work Program and Budget referred to in clause 11.1(b), the Board must convene a meeting and either approve or reject the amended Work Program and Budget by a Simple Majority Board Resolution. (d) If the Board does not approve the amended Work Program and Budget at the meeting convened under clause 11.1(c), Origin B2 shall continue to carry out the Current WP&B. (e) Subject to the terms of this Agreement and the Board approving the amended Work Program and Budget referred to in clause 11.1(b), Tamboran and the Manager must use their best endeavours to: (i) submit the amended Work Program and Budget to the Operating Committee (excluding any costs which are of the type described in clause 9.5(b)) for approval as soon as practicable following its approval under this Agreement; and (ii) procure that Origin B2 completes the work and activities set out in the amended Work Program and Budget by no later than 30 June 2023.
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Related to Initial Work Program and Budget

  • Annual Work Plans and Budgets The Recipient shall furnish to the Association as soon as available, but in any case not later than September 1 of each year, the annual work plan and budget for the Project for each subsequent year of Project implementation, of such scope and detail as the Association shall have reasonably requested, except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than one (1) month after the Effective Date.

  • Business Plan and Budget As soon as available, but in any event within sixty (60) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form reasonably satisfactory to the Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a fiscal year basis and, in the case of such forecasted statements of income, on a fiscal quarterly basis for the immediately following fiscal year. As to any information contained in materials furnished pursuant to Section 6.02(f), the Borrower shall not be separately required to furnish such information under Section 6.01(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.01(a) and (b) above at the times specified therein.

  • PROJECT WORK PLAN The Statement of Work is the formal document incorporated into the Grant. The Project Work Plan documents how the Grantee will achieve the performance measures outlined in the Grant. Changes to the Statement of Work require an amendment. Project Work Plans may be changed with written approval from DFPS and the Grantee.

  • Work Plan [Procuring Entity shall provide main features of the work plan that the Tenderer should provide in the tender for carrying out the contract, from beginning to the end].

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.