Common use of Amended or Supplemental Business Plans and Budgets Clause in Contracts

Amended or Supplemental Business Plans and Budgets. During the course of the fiscal year, if NPCC determines it does not or will not have sufficient funds to carry out its delegated functions and related activities, NPCC shall submit to NERC one or more proposed amended or supplemental business plans and budgets and requests for approval of supplemental assessments, reflecting costs, cost increases or funding shortfalls not provided for in NPCC’s approved business plan and budget for the fiscal year. NERC shall review and approve the proposed amended or supplemental business plan and budget and proposed supplemental assessment, or shall direct NPCC to make such revisions as NERC deems appropriate prior to approval. NERC shall submit NPCC’s approved amended or supplemental business plan and budget and proposed supplemental assessment to the Commission for approval.

Amended or Supplemental Business Plans and Budgets. During the course of the fiscal year, if NPCC ReliabilityFirst determines it does not or will not have sufficient funds to carry out its delegated functions and related activities, NPCC ReliabilityFirst shall submit to NERC one or more proposed amended or supplemental business plans and budgets and requests for approval of supplemental assessments, reflecting costs, cost increases or funding shortfalls not provided for in NPCCReliabilityFirst’s approved business plan and budget for the fiscal year. NERC shall review and approve the proposed amended or supplemental business plan and budget and proposed supplemental assessment, or shall direct NPCC ReliabilityFirst to make such revisions as NERC deems appropriate prior to approval. NERC shall submit NPCCReliabilityFirst’s approved amended or supplemental business plan and budget and proposed supplemental assessment to the Commission for approval.