Common use of Accounting and Compensation Clause in Contracts

Accounting and Compensation. 5.1.1 The Operator shall keep a full and complete account of all costs, expenses and expenditures incurred by it in connection with its obligations hereunder in the manner set forth in the Accounting Procedure.

Appears in 2 contracts

Samples: Construction, Operation and Maintenance Agreement (Public Service Co of North Carolina Inc), Construction, Operation and Maintenance Agreement (Public Service Co of North Carolina Inc)

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Accounting and Compensation. 5.1.1 The (a) Operator shall keep a full and complete account of all costs, costs and expenses and expenditures incurred by it in connection with its obligations hereunder the Operation of the Line in the manner set forth in the Accounting Procedure.

Appears in 2 contracts

Samples: Operating Agreement (Northern Border Pipeline Co), Partnership Interest Purchase and Sale Agreement (Northern Border Partners Lp)

Accounting and Compensation. 5.1.1 (a) The Operator shall keep a full and complete account of all costs, expenses and expenditures incurred by it in connection with its obligations hereunder in the manner set forth in the Accounting Procedure.

Appears in 1 contract

Samples: Construction, Operation and Maintenance Agreement (Progress Energy Inc)

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Accounting and Compensation. 5.1.1 The (a) Operator shall keep a full and complete account of all revenues, costs, expenses and expenditures incurred by it in connection with its obligations hereunder in the manner set forth in the Accounting ProcedureProcedure attached hereto as Exhibit β€œA” and incorporated herein.

Appears in 1 contract

Samples: Operating Agreement (Tc Pipelines Lp)

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