ABANDONMENT COST Clause Samples
The Abandonment Cost clause defines the responsibility for costs incurred when a project, property, or asset is abandoned before completion or at the end of its useful life. Typically, this clause outlines which party must pay for the removal, disposal, or remediation of abandoned materials, equipment, or structures, and may specify the calculation or estimation method for such costs. Its core practical function is to allocate financial responsibility for abandonment, ensuring that all parties are aware of and prepared for the potential expenses associated with ceasing operations or vacating a site.
ABANDONMENT COST. Cost relating to the decommissioning and abandonment of Petroleum Operations and facilities, site restoration and other associated operations pursuant to Article 12.10.
ABANDONMENT COST. This mine closure plan is for next five years. The mine will continue in operation after this period also, that’s why no cost on abandonment is anticipated during this five year period. However, some cost will be incurred during the scheme period on construction of retaining wall and plantation etc. Details are as follows: Plantation cost 100 Rs / Plant 100 plants to be planted in a year 10,000 20,000 Retaining wall cost 120 Rs / Meter 100 m length made in a year 12,000 24,000
ABANDONMENT COST. Cost relating to the decommissioning and abandonment of Petroleum Operations and facilities, site restoration and other associated operations accrued from a reasonable date in advance based on estimate of such cost (with subsequent adjustments to actuals) as provided in Article 12.10.
ABANDONMENT COST. Cost relating to the decommissioning and abandonment of operations and facilities, site restoration and other associated operations accrued from a reasonable date in advance based on estimate of such cost (with subsequent adjustme nts to actuals) as provided in Article