“Budget” – means the initial budget for the project, as attached in Schedule “A”;

“Work Program and Budget” means the work program and budget attached hereto as [Exhibit F].

Decommissioning Work Program and Budget means the work program for Decommissioning and a budget therefor.

Project Budget, and Lessee has requested that the Project Budget be updated to reflect, among other adjustments, such reallocations;

“Budget Act” means Title XI of the Bipartisan Budget Act of 2015, H.R. 1314, Public Law Number 114-74.

Other than Permitted Budget Re-allocations, subject to the prior approval of [[Lender:Organization]], which shall not be unreasonably withheld, conditioned or delayed, the [[Borrower:Organization]] may revise the Project Budget from time to time to move Building Loan Contingency (Hard Costs) to other Hard Costs Budget Lines, and/or to move Building Loan Contingency (Soft Costs) to other Soft Costs Budget Lines. Any Permitted Budget Re-allocations shall not require the prior approval of [[Lender:Organization]], but [[Borrower:Organization]] shall provide prompt written notice of same to [[Lender:Organization]].

approve or amend the Annual Budget, or any other material capital or operating budget of the Company or any of its Subsidiaries;

Once the Parties have agreed on a Work Program and Budget, Operator shall deliver the agreed Work Program and Budget to the Management Committee or the Government, as applicable, for approval in accordance with the terms of the PSC. The Parties agree to vote in favor of any Work Program and Budget delivered to the Management Committee when the Management Committee considers the agreed Work Program and Budget.

*Final Project Budget is based on pricing of 100% Design Development Package. Changes to Budget & Schedule thereafter shall be approved via TCR process.

If the Parent updates or changes the Budget, it shall within not more than five days of the update or change being made deliver to the Agent, in sufficient copies for each of the Lenders, such updated or changed Budget together with a written explanation of the main changes in that Budget.