Compliance with Budgets; Amendments. (a) Prior to the Acquisition Closing, Orni 16 may amend the Pre-acquisition Period Budget as required in order to carry out Ormat Development Activities and Ormat Construction Activities. Orni 16 shall promptly provide NPC with such amendments and supporting documentation reasonably requested by NPC.
Compliance with Budgets; Amendments. The Project Operator shall use all Commercially Reasonable Efforts to manage, or cause to be managed, the commitment of funds for Operating Expenses and Capital Expenses so that the Owners will not owe amounts for Operating Expenses or Capital Expenses in excess of funds committed or to be committed by the Owners pursuant to the applicable Budgets, or amendments thereto, or as otherwise authorized to be expended under the Participation Agreement. As applicable, the Operating Budget or Capital Expense Budget, or any Major Budget Category line item therein, shall be deemed amended by any Material Budget Overrun approved by Majority Vote.
Compliance with Budgets; Amendments. The Management Committee shall direct the Project Operator to use all Commercially Reasonable Efforts to manage, or cause to be managed, the commitment of funds for Operating Expenses and Capital Expenses so that the Participants will not owe amounts for Operating Expenses or Capital Expenses in excess of funds committed or to be committed by the Participants pursuant to the applicable Budget or as otherwise authorized to be expended under this Agreement. As applicable, the Operating Budget or Capital Expense Budget, or any Major Budget Category line item therein, shall be deemed amended by any Material Budget Overrun approved in accordance with this Agreement, and any conditions set forth in such approval.
