Overruns Sample Clauses

Overruns. Buyer agrees to accept overruns of up to ten percent (10%) of the quantity of Products ordered in Buyer’s purchase order on “made-to-order” Products. Any such additional Products shall be priced at the price charged for the specific quantity ordered.
Overruns. Each Party will promptly notify the other Party upon becoming aware that the anticipated Costs to be incurred by such Party for a given calendar year will be in excess of the applicable Development Budget, Operations Budget or Commercialization Budget. Unless otherwise agreed by the Parties in advance, in writing, Costs reported by a Party pursuant to Section 7.2.1 (Partner Costs) or 7.2.2 (Amgen Costs) incurred with respect to a Product in excess of [*] percent ([*]%) of the aggregate amounts budgeted to be incurred by or on behalf of such Party for its activities for such Product in such calendar year in the then-current applicable Development Budget, Operations Budget or Commercialization Budget, respectively, will not be included in the calculation of profit (or loss) pursuant to Section 7.2.8 (Calculation of Profit (or Loss)); provided, that such Partner Costs and Amgen Costs in excess of such amount will be included in the calculation of profit (or loss) pursuant to Section 7.2.8 (Calculation of Profit (or Loss)) (A) to the extent such Costs were attributable to: (i) a change in Applicable Law; (ii) a Force Majeure event; [*].
Overruns. The parties acknowledge that the Funding in clause 2.1 is the total amount available from the Ministry for the Project, and that the Recipient will be liable for all cost overruns in relation to the delivery of the Project. The Ministry will not be liable for any cost overruns. The Recipient will carefully monitor the likelihood of cost overruns through its budgeting and reporting process, and will notify the Ministry as soon as it is aware of that there is a high likelihood that Project costs will exceed the total Funding available under this Agreement. The parties will consult on a solution.
Overruns. (i) The Operating Member shall notify the Board in monthly reports provided pursuant to Section 4.5(a) of any reasonably anticipated overruns in excess of the aggregate expenditures authorized in an Approved Budget.
Overruns. In the event that the total cost of a funded project exceeds the estimate of costs upon which this Agreement is made, LOCAL AGENCY may request additional funds to cover the Agreement share of the amount exceeded. However, there is no assurance that any such funds are, or may be, available for reimbursement. Any increase in funding will require an amendment.
Overruns. There shall be allowed a cost overrun allowance per AFE equal to ten percent (10%) of the amount of each approved AFE. Field Operator will notify Owner in writing as soon as practicable of any utilization of the allowance and the reasons therefor. Upon knowledge by Field Operator that the actual costs of implementing any item in the Annual Capital Budget exceed the overrun allowance, Field Operator shall immediately notify Owner in writing of such event. Field Operator shall provide Owner with the information necessary to allow Owner to make a decision to proceed or cancel the implementation of such capital item. Upon receipt of such notification and information, Owner shall promptly decide to proceed or cancel the implementation of the capital item and notify Field Operator of its decision verbally or in writing. If Owner decides to proceed with the implementation of such item, Owner and Field Operator shall evidence the agreed upon overrun expense by way of a work order revision signed by the parties. Notwithstanding anything to the contrary herein, Owner shall reimburse Field Operator for any liabilities, costs and expenses reasonably incurred by Field Operator in connection with the implementation of such item after such notice is given to Owner and before Owner notifies Field Operator of its decision.
Overruns. Each Party shall notify the other Party promptly upon becoming aware that the anticipated Development Costs to be incurred by such Party under the Joint Development Plan for a given Calendar Year during the Development Term shall be in excess of the applicable approved Joint Development Budget. Thereafter, the following shall apply:
Overruns. (a) Each Party shall notify the other Party [***] that the anticipated Development Costs or Allowable Expenses to be incurred by such Party for a Collaboration Product for a given Calendar Year shall be in excess of the applicable approved Development Budget or Commercialization Budget, respectively, for such Collaboration Product for such Calendar Year.