Program Costs definition
Examples of Program Costs in a sentence
No Program Costs may be committed to or incurred in excess of the Budget without the prior approval of the RPC.
For the avoidance of doubt, if an RPA Participant is obligated to pay Program Costs (calculated in accordance with section VIII) directly to any Vendor under a Vendor Agreement, and such RPA Participant does not make such payment to such Vendor, after the expiration of any applicable notice and cure periods set forth in such Vendor Agreement, such non-payment shall be deemed a breach of such RPA Participant’s obligations under this Agreement.
The PMO (or the RPC if a PMO has not been selected sufficiently in advance of the commencement of the upcoming calendar year) shall prepare an annual budget for Program Costs projected to be incurred in each calendar year period ("Budget”), which Budget shall be presented to the RPA Participants and RPC with sufficient time for review and approval by the RPC before the commencement of the upcoming calendar year, and such Budget shall be effective for the upcoming calendar year.