Abandonment Costs Sample Clauses

Abandonment Costs. Should Closing occur, Seller shall retain liability for one hundred percent (100%) of abandonment costs, net of salvage value, as such abandonment costs are incurred, attributable to Seller's pre-Closing interest in the Interests.
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Abandonment Costs. Participant shall also bear and pay one hundred percent (100%) of all Operating Expenses incurred in connection with the Phase I Wxxxx until the occurrence of Payout.
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Abandonment Costs. Effective April 1, 2000, and notwithstanding any other provision of the Tract No. 2 Agreement, the Unit Agreement or the Unit Operating Agreement to the contrary, the Contractor shall not be obligated to pay in excess of its net profits percentage interest (as set forth on Attachment II) of the Contractor’s Unit Participation share of the costs of abandoning any Unit Xxxxx or Unit Facilities upon and following the termination of Unit Operations.
Sample 1
Abandonment Costs. (A) (1) Producers and Other Producers shall bear a share of any and all cost incurred by Transporter for the removal or abandonment of the Facilities, including, if applicable, any costs nessecary to reinstate the Pipeline to its purpose prior to the establishment of the Facilities, through a contribution to a reservation (Abandonment Costs), cf. Appendix 1 to this Exhibit H, Stabilisation Plant - Abandonment Cost Model, row 4. The removal and abandonment costs shall include all costs for closing down, decommissioning, preparing for a cold phase, cold phase maintenance, and ultimate disposal of the Facilities or parts thereof as well as costs of the nature described under the definition of Operating Costs (O) if incurred or expected to be incurred after the last calendar year in which Propane and/or Butane have been redelivered to Users or Other Users. Transporter shall every year prepare or update an estimate of the removal and abandonment costs. The contribution to the reservation per tonne Propane and Butane redelivered in any calendar year (A), cf. Appendix 1 to this Exhibit H, The Tariff - Summary, row 13, shall be equal to the estimate of the removal and abandonment costs of the preceding calendar year less estimated income, e.g. income generated through disposal of components of the Facilities, interest on contributions already paid to the reservation after taking due consideration of tax consequence of the reservations, cf. Appendix 1, Stabilisation Plant - Abandonment Cost Model, row 5-8, divided by the estimated volume of Propane and Butane to be redelivered to Users and Other Users, expressed in tonnes, according to the Accumulated Condensate Production Profile and multiplied by the total volume of Propane and Butane, expressed in tonnes, which have been redelivered to Users and Other Users in such calendar year.
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Abandonment Costs. The actual and direct costs, expenses and liabilities incurred in the plugging and abandoning of a well, conducting necessary site clearance relating to such well and removing any facilities used in connection with such well.
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Abandonment Costs. At the end of the Secondary Term for a Program Year, THEC shall prepare and submit to KE&P a reasonable good faith estimate of the Abandonment Costs related to those Wellx xxx Platforms jointly owned by THEC and KE&P and located on the Program Leases for such Program Year. To the extent KE&P has not previously paid its share of such Abandonment Costs, KE&P shall either immediately pay to THEC forty-five percent (45%) of such costs or THEC shall be entitled to all revenues to which KE&P is entitled under the Net Profits Agreement relating to such Program Year until THEC has received an amount equal to forty-five percent (45%) of such costs. After recovering such costs, THEC shall be solely responsible for the Abandonment Costs related to such Wellx xxx Platforms.
Sample 1
Abandonment Costs. Chargeable Expenditures incurred in the last five years of the Operation Period for any Field (without regard to any extension of the Operation Period, unless such extension is granted before the relevant Chargeable Expenditures are incurred) and associated with plugging and abandoning wellx xx removing facilities in accordance with Clause XXI or with the final environmental audit and any Post-Takeover Date Environmental Claim and Cleanup Liability in accordance with Clause XXII of the Agreement ("Abandonment Costs") shall be included in the calculation of the Service Fee in the manner set forth in this Article 5.6 in the circumstances described in this Article 5.6. (i) Whenever CF(q) (as determined in accordance with Article 5.2) for the Quarter in which Abandonment Costs are incurred is negative, an amount (the "Shortfall Amount") equal to the lesser of (i) the total amount of such Abandonment Costs, and (ii) the absolute value of CF(q) for such Quarter shall be calculated. (ii) The Operator may charge and include the Shortfall Amount in the succeeding Quarter as if the Shortfall Amount were a Chargeable Expenditure incurred in such succeeding Quarter. If after applying the Shortfall Amount in such manner, CF(q) for such succeeding Quarter is negative, then the excess portion of the Shortfall Amount shall be calculated and applied to the calculation of the Service Fee for the next succeeding Quarter, as if the excess Shortfall Amount so applied were a Chargeable Expenditure incurred in such Quarter. This process shall continue until a Quarter is reached in respect of which CF(q), determined after applying any remaining Shortfall Amount, is positive. (iii) Periodically, the Operator shall make an assessment as to whether the aggregate of CF(q) for all remaining Quarters in the Operation Period will be greater than the total of all remaining Shortfall Amounts, based on forecast Production and Chargeable Expenditures in the Development Plan and the Price Formula. If so, then no further calculations shall be made. If not, then the Operator shall calculate an amount equal to the excess of the Shortfall Amount over the sum of the projected CF(q) amounts for all such remaining Quarters (such excess, the "Carryback Amount"). As of the end of each Quarter remaining in the Operation Period, the Operator shall periodically reassess any Carryback Amount that has not yet been recovered as provided below and shall, if necessary, adjust the remaining Carryback Amount a...
Sample 1
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Abandonment Costs. Xxxxxxx shall be obligated to pay its pro rata working interest share of all abandonment obligations of xxxxx and facilities in which Xxxxxxx has a working interest.
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Related to Abandonment Costs

  • Development Costs Licensee shall be responsible for all of its costs and expenses in connection with the Development of, and obtaining and maintaining Regulatory Approvals for, the Licensed Products in the Field in the Territory.

  • Default – Reprocurement Costs In case of Contract breach by Contractor, resulting in termination by the County, the County may procure the goods and/or services from other sources. If the cost for those goods and/or services is higher than under the terms of the existing Contract, Contractor will be responsible for paying the County the difference between the Contract cost and the price paid, and the County may deduct this cost from any unpaid balance due the Contractor. The price paid by the County shall be the prevailing market price at the time such purchase is made. This is in addition to any other remedies available under this Contract and under law.

  • Patent Costs Within 30 days after receiving a statement from Stanford, ***** will reimburse Stanford: (A) $ to offset Licensed Patent’s patenting expenses, including any interference or reexamination matters, incurred by Stanford before the Effective Date; and (B) for all Licensed Patent’s patenting expenses, including any interference or reexamination matters, incurred by Stanford after the Effective Date. In all instances, Stanford will pay the fees prescribed for large entities to the United States Patent and Trademark Office.

  • Patent Expenses Unless agreed otherwise, the Party filing a Patent Application will pay all preparation and filing expenses, prosecution fees, issuance fees, post issuance fees, patent maintenance fees, annuities, interference expenses, and attorneys’ fees for that Patent Application and any resulting Patent(s). If a license to any CRADA Subject Invention is granted to Collaborator, then Collaborator will be responsible for all expenses and fees, past and future, in connection with the preparation, filing, prosecution, and maintenance of any Patent Applications and Patents claiming exclusively licensed CRADA Subject Inventions and will be responsible for a pro-rated share, divided equally among all licensees, of those expenses and fees for non-exclusively licensed CRADA Subject Inventions. Collaborator may waive its exclusive option rights at any time, and incur no subsequent financial obligation for those Patent Application(s) or Patent(s).

  • Replacement Cost The term “full replacement cost” as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.

  • Expenses and Costs Each Borrower, jointly and severally, agrees to pay and to save the Agent and the Lenders harmless for the payment of all fees, out-of-pocket disbursements, and other costs and expenses incurred by or on behalf of the Agent or any Lender arising in any way in connection with this Amendment, or any other document relating to indebtedness described in the recitals to this Amendment, including the fees and expenses of Dickinson Wright PLLC, counsel to the Agent, and AlixPartners, LLC, cxxxxxxxxx xx xxx Agent, and specifically including, without limitation, (a) the cost of any financial audit or inquiry conducted by the Agent, any Lender or their consultants, (b) the fees and expenses of counsel for the Agent or any Lender for the work performed as a result of the Borrowers' defaults or financial problems, and for the preparation, examination and approval of this Amendment or any documents in connection with this Amendment, (c) for the payment of all fees and out-of-pocket disbursements incurred by the Agent or any Lender, including attorneys' fees, in any way arising from or in connection with any action taken by the Agent or any Lender to monitor, advise, enforce or collect the obligations described in the recitals hereto or to enforce any obligations of the Borrowers or any Guarantor under this Amendment or the other documents referred to herein, including any actions to lift the automatic stay or to otherwise in any way participate in any bankruptcy, reorganization or insolvency proceeding of any Borrower or Guarantor or in any trial or appellate proceedings, and (d) any expenses or fees (including attorneys' fees) incurred in relation to or in defense of any litigation instituted by any Borrower, any Guarantor or any third party against the Agent or any Lender arising from or relating to the obligations described in the recitals hereto or this Amendment, including any so-called "lender liability" action. All of these expenses and fees (including attorneys' fees) shall be part of the Obligations owing under the Credit Agreement, and shall be secured by all of the collateral described in the Collateral Documents. In the event the Borrowers fail to pay any such fees, expenses and costs within five (5) days of being invoiced therefor, the Agent or the Lenders, as the case may be, shall be permitted to charge the accounts of any Borrower for such fees, expenses and costs, without prejudice to any other rights or remedies of the Agent or the Lenders. The rights and remedies of the Agent and the Lenders contained in this paragraph shall be in addition to, and not in lieu of, the rights and remedies contained in the Credit Agreement, the Collateral Documents and as otherwise provided by law.

  • Attorneys’ Fees and Cost of Collection In the event any suit, action or arbitration is filed by either party against the other to interpret or enforce any of the Transaction Documents, the unsuccessful party to such action agrees to pay to the prevailing party all costs and expenses, including attorneys’ fees incurred therein, including the same with respect to an appeal. The “prevailing party” shall be the party in whose favor a judgment is entered, regardless of whether judgment is entered on all claims asserted by such party and regardless of the amount of the judgment; or where, due to the assertion of counterclaims, judgments are entered in favor of and against both parties, then the arbitrator shall determine the “prevailing party” by taking into account the relative dollar amounts of the judgments or, if the judgments involve nonmonetary relief, the relative importance and value of such relief. Nothing herein shall restrict or impair an arbitrator’s or a court’s power to award fees and expenses for frivolous or bad faith pleading. If (i) the Note is placed in the hands of an attorney for collection or enforcement prior to commencing arbitration or legal proceedings, or is collected or enforced through any arbitration or legal proceeding, or Investor otherwise takes action to collect amounts due under the Note or to enforce the provisions of the Note, or (ii) there occurs any bankruptcy, reorganization, receivership of Company or other proceedings affecting Company’s creditors’ rights and involving a claim under the Note; then Company shall pay the costs incurred by Investor for such collection, enforcement or action or in connection with such bankruptcy, reorganization, receivership or other proceeding, including, without limitation, attorneys’ fees, expenses, deposition costs, and disbursements.

  • Sellers’ Costs and Expenses Except as may otherwise be provided in this Agreement, including Section 8.1, or in the Purchase Agreement, all expenses and costs incurred by the Sellers in connection with the performance of their obligations hereunder shall be the responsibility of, paid by and for the account of the Sellers.

  • Direct Costs The Contractor shall separately identify each item of deleted and added work associated with the change or other condition giving rise to entitlement to an equitable adjustment, including increases or decreases to unchanged work impacted by the change. For each item of work so identified, the Contractor shall propose for itself and, if applicable, its first two tiers of subcontractors, the following direct costs: (1) Material cost broken down by trade, supplier, material description, quantity of material units, and unit cost (including all manufacturing burden associated with material fabrication and cost of delivery to site, unless separately itemized); (2) Labor cost broken down by trade, employer, occupation, quantity of labor hours, and burdened hourly labor rate, together with itemization of applied labor burdens (exclusive of employer’s overhead, profit, and any labor cost burdens carried in employer’s overhead rate); (3) Cost of equipment required to perform the work, identified with material to be placed or operation to be performed; (4) Cost of preparation and/or revision to shop drawings and other submittals with detail set forth in paragraphs (e)(1) and (e)(2) of this clause; (5) Delivery costs, if not included in material unit costs; (6) Time-related costs not separately identified as direct costs, and not included in the Contractor’s or subcontractors’ overhead rates, as specified in paragraph

  • Start-Up Costs The Government of Ontario will provide:

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