Common use of - ADVANCES AND PAYMENT Clause in Contracts

- ADVANCES AND PAYMENT. 1.3.1. If operator so requests, non-operator(s) shall advance to the operator the non-operator(s)' share of estimated cash requirements for the succeeding month's operation in accordance with Article 6 of the Agreement. Operator shall make written request for the advance to non- operator(s) at least twenty (20) days prior to the first banking day of such succeeding month. The advance shall not be due and payable before the first banking day of the month for which the advance is requested. The request shall set out the funds in the currencies to be expended as estimated by the operator to be required. The non-operator(s) shall on or before the due date make corresponding advances in the currencies requested by depositing such funds to operator's account at a bank as may be from time to time designated by the operator. 1.3.2. Should the operator be requested to pay any large sums of money for operations under the Agreement, which were unforeseen at the time of providing the non-operator(s) with said monthly estimates of its requirements, the operator may make a written request of the non- operator(s) for special advances covering the non-operators' share of such payments. Non-operator(s) shall advance to operator their share of such advances within fifteen (15) days after date of such notice. 1.3.3. If non-operators' advances exceed their share of actual expenditure, the next succeeding cash advance, after such determination, shall be reduced accordingly. However, non-operator(s) may request that excess advances be refunded. The operator shall make such refund with fifteen (15) days after the date of such notice. Draft Production Sharing Contract Block L27 Ministry of Energy Page 95 1.3.4. If non-operators' advances are less than their share of actual expenditure, the deficiency shall, at operator's option, be added to subsequent cash advance requirements or be paid by non-operators within fifteen (15) days following operator's billing to non-operator(s) of such deficiency. 1.3.5. If the operator does not request non-operator(s) as provided in sub-part 1.3.1., to advance their share of estimated cash requirements, non-operator(s) shall pay their share of actual expenditure within fifteen (15) days following date of operator's billing. 1.3.6. Payments of advances or xxxxxxxx shall be made on or before the due date; and if not so paid, the unpaid balance shall be treated as provided under Article 6 of the Agreement.

- ADVANCES AND PAYMENT. 1.3.1. If operator so requests, non-operator(s) shall advance to the operator the non-operator(s)' share of estimated cash requirements for the succeeding month's operation in accordance with Article 6 of the Agreement. Operator shall make written request for the advance to non- operator(s) at least twenty (20) days prior to the first banking day of such succeeding month. The advance shall not be due and payable before the first banking day of the month for which the advance is requested. The request shall set out the funds in the currencies to be expended as estimated by the operator to be required. The non-operator(s) shall on or before the due date make corresponding advances in the currencies requested by depositing such funds to operator's account at a bank as may be from time to time designated by the operator. 1.3.2. Should the operator be requested to pay any large sums of money for operations under the Agreement, which were unforeseen at the time of providing the non-operator(s) with said monthly estimates of its requirements, the operator may make a written request of the non- operator(s) for special advances covering the non-operators' share of such payments. Non-operator(s) shall advance to operator their share of such advances within fifteen (15) days after date of such notice. 1.3.3. If non-operators' advances exceed their share of actual expenditure, the next succeeding cash advance, after such determination, shall be reduced accordingly. However, non-operator(s) may request that excess advances be refunded. The operator shall make such refund with fifteen (15) days after the date of such notice. Draft Production Sharing Contract Block L27 L16 Ministry of Energy Page 95 1.3.4. If non-operators' advances are less than their share of actual expenditure, the deficiency shall, at operator's option, be added to subsequent cash advance requirements or be paid by non-operators within fifteen (15) days following operator's billing to non-operator(s) of such deficiency. 1.3.5. If the operator does not request non-operator(s) as provided in sub-part 1.3.1., to advance their share of estimated cash requirements, non-operator(s) shall pay their share of actual expenditure within fifteen (15) days following date of operator's billing. 1.3.6. Payments of advances or xxxxxxxx shall be made on or before the due date; and if not so paid, the unpaid balance shall be treated as provided under Article 6 of the Agreement.

- ADVANCES AND PAYMENT. 1.3.1. If operator so requests, non-operator(s) shall advance to the operator the non-operator(s)' share of estimated cash requirements for the succeeding month's operation in accordance with Article 6 of the Agreement. Operator shall make written request for the advance to non- operator(s) at least twenty (20) days prior to the first banking day of such succeeding month. The advance shall not be due and payable before the first banking day of the month for which the advance is requested. The request shall set out the funds in the currencies to be expended as estimated by the operator to be required. The non-operator(s) shall on or before the due date make corresponding advances in the currencies requested by depositing such funds to operator's account at a bank as may be from time to time designated by the operator. 1.3.2. Should the operator be requested to pay any large sums of money for operations under the Agreement, which were unforeseen at the time of providing the non-operator(s) with said monthly estimates of its requirements, the operator may make a written request of the non- operator(s) for special advances covering the non-operators' share of such payments. Non-operator(s) shall advance to operator their share of such advances within fifteen (15) days after date of such notice. 1.3.3. If non-operators' advances exceed their share of actual expenditure, the next succeeding cash advance, after such determination, shall be reduced accordingly. However, non-operator(s) may request that excess advances be refunded. The operator shall make such refund with fifteen (15) days after the date of such notice. Draft Production Sharing Contract Block L27 Ministry L28 Miinistry of Energy Page 95 1.3.4. If non-operators' advances are less than their share of actual expenditure, the deficiency shall, at operator's option, be added to subsequent cash advance requirements or be paid by non-operators within fifteen (15) days following operator's billing to non-operator(s) of such deficiency. 1.3.5. If the operator does not request non-operator(s) as provided in sub-part 1.3.1., to advance their share of estimated cash requirements, non-operator(s) shall pay their share of actual expenditure within fifteen (15) days following date of operator's billing. 1.3.6. Payments of advances or xxxxxxxx shall be made on or before the due date; and if not so paid, the unpaid balance shall be treated as provided under Article 6 of the Agreement.

- ADVANCES AND PAYMENT. 1.3.1. If operator so requests, non-operator(s) shall advance to the operator the non-operator(s)' share of estimated cash requirements for the succeeding month's operation in accordance with Article 6 of the Agreement. Operator shall make written request for the advance to non- operator(s) at least twenty (20) days prior to the first banking day of such succeeding month. The advance shall not be due and payable before the first banking day of the month for which the advance is requested. The request shall set out the funds in the currencies to be expended as estimated by the operator to be required. The non-operator(s) shall on or before the due date make corresponding advances in the currencies requested by depositing such funds to operator's account at a bank as may be from time to time designated by the operator. 1.3.2. Should the operator be requested to pay any large sums of money for operations under the Agreement, which were unforeseen at the time of providing the non-operator(s) with said monthly estimates of its requirements, the operator may make a written request of the non- operator(s) for special advances covering the non-operators' share of such payments. Non-operator(s) shall advance to operator their share of such advances within fifteen (15) days after date of such notice. 1.3.3. If non-operators' advances exceed their share of actual expenditure, the next succeeding cash advance, after such Draft Production Sharing Contract Blocks L1B Ministry of Energy Page 94 determination, shall be reduced accordingly. However, non-operator(s) may request that excess advances be refunded. The operator shall make such refund with fifteen (15) days after the date of such notice. Draft Production Sharing Contract Block L27 Ministry of Energy Page 95. 1.3.4. If non-operators' advances are less than their share of actual expenditure, the deficiency shall, at operator's option, be added to subsequent cash advance requirements or be paid by non-operators within fifteen (15) days following operator's billing to non-operator(s) of such deficiency. 1.3.5. If the operator does not request non-operator(s) as provided in sub-part 1.3.1., to advance their share of estimated cash requirements, non-operator(s) shall pay their share of actual expenditure within fifteen (15) days following date of operator's billing. 1.3.6. Payments of advances or xxxxxxxx shall be made on or before the due date; and if not so paid, the unpaid balance shall be treated as provided under Article 6 of the Agreement.

- ADVANCES AND PAYMENT. 1.3.1. If operator so requests, nonNon-operator(sOperator(s) shall advance by immediately available funds to the operator the non-operator(s)' Operator within 15 days of notice by Operator their share of estimated cash requirements for the succeeding month's operation Operations in accordance with Article 6 VI of the Agreement. Operator shall make written request for the advance to non- operator(s) at least twenty (20) days prior to the first banking day of such succeeding month. The Such advance shall not be due and payable before credited when the first banking day of the month for which the advance is requestedactual billxxxx xxx 1.2.2. The request shall set out the funds in the currencies to be expended as estimated by the operator to be required. The non-operator(s) shall on or before the due date make corresponding advances in the currencies requested by depositing such funds to operator's account at a bank as may be from time to time designated by the operatorabove are issued. 1.3.2. Should the operator Operator be requested required to pay any large (in excess of U.S. $50,000.00) sums of money for operations under on behalf of the AgreementJoint Operation, which were unforeseen at the time of providing the nonNon-operator(sOperator(s) with said monthly estimates of its requirements, the operator may Operator shall make a written request of the non- operator(sNon-Operators(s) for special advances covering the nonNon-operatorsOperators' share of such payments. Non-operator(sOperator(s) shall advance to operator make their share of such proportional special advances within fifteen (15) days after date receipt of such notice. 1.3.3. If nonNon-operators' Operator(s) advances exceed their share of actual expenditurethe expenditures, the next succeeding cash advanceadvance requirements, after such determination, shall be reduced accordinglyaccordingly or deducted from the next billing, whichever comes first. However, nonNon-operator(sOperator(s) may request that excess advances be refunded. The operator Operator shall make such refund with within fifteen (15) days after receipt of Non-Operator(s) request. Such refund shall be made in the date of such notice. Draft Production Sharing Contract Block L27 Ministry of Energy Page 95currency so advanced. 1.3.4. If nonNon-operators' Operator(s) advances are less than their share of actual expenditureexpenditures, the deficiency shall, at operator's option, be added to subsequent cash advance requirements or be paid by nonNon-operators Operator(s) within fifteen thirty (1530) days following operator's billing to non-operator(s) receipt of Operators for such deficiency. 1.3.5. If the operator Operator does not request nonNon-operator(sOperator(s) as provided in sub-part 1.3.1., to advance their share of estimated cash requirements, nonNon-operator(sOperator(s) shall pay their share of actual expenditure expenditures within fifteen thirty (1530) days following date receipt of operatorOperator's billing. 1.3.6. Payments Payment of advances or xxxxxxxx shall billxxxx xxxll be made on or before the due date; , and if not so paid, paid the unpaid balance shall be treated as provided under Article 6 VI of the Agreement.

- ADVANCES AND PAYMENT. 1.3.1. If operator so requests, nonNon-operator(sOperator(s) shall advance by immediately available funds to the operator the non-operator(s)' Operator within 15 days of notice by Operator their share of estimated cash requirements for the succeeding month's operation Operations in accordance with Article 6 VI of the Agreement. Operator shall make written request for the advance to non- operator(s) at least twenty (20) days prior to the first banking day of such succeeding month. The Such advance shall not be due and payable before credited when the first banking day of the month for which the advance is requestedactual billxxxx xxx 1.2.2. The request shall set out the funds in the currencies to be expended as estimated by the operator to be required. The non-operator(s) shall on or before the due date make corresponding advances in the currencies requested by depositing such funds to operator's account at a bank as may be from time to time designated by the operatorabove are issued. 1.3.2. Should the operator Operator be requested required to pay any large (in excess of U.S. $50,000.00) sums of money for operations under on behalf of the AgreementJoint operation, which were unforeseen at the time of providing the non-operator(sNon- Operator(s) with said monthly estimates of its requirements, the operator may Operator shall make a written request of the non- operator(sNon-Operators(s) for special advances covering the nonNon-operatorsOperators' share of such payments. Non-operator(sOperator(s) shall advance to operator make their share of such proportional special advances within fifteen (15) days after date receipt of such notice. 1.3.3. If nonNon-operators' Operator(s) advances exceed their share of actual expenditurethe expenditures, the next succeeding cash advanceadvance requirements, after such determination, shall be reduced accordinglyaccordingly or deducted from the nextbilling, whichever comes first. However, nonNon-operator(sOperator(s) may request that excess advances be refunded. The operator Operator shall make such refund with within fifteen (15) days after receipt of Non-Operator(s) request. Such refund shall be made in the date of such notice. Draft Production Sharing Contract Block L27 Ministry of Energy Page 95currency so advanced. 1.3.4. If nonNon-operators' Operator(s) advances are less than their share of actual expenditureexpenditures, the deficiency shall, at operatorOperator's option, be added to subsequent cash advance requirements or be paid by nonNon-operators Operator(s) within fifteen thirty (1530) days following operator's billing to non-operator(sreceipt of Operator(s) of for such deficiency. 1.3.5. If the operator Operator does not request nonNon-operator(sOperator(s) as provided in sub-part 1.3.1., to advance their share of estimated cash requirements, nonNon-operator(sOperator(s) shall pay their share of actual expenditure expenditures within fifteen thirty (1530) days following date receipt of operatorOperator's billing. 1.3.6. Payments Payment of advances or xxxxxxxx shall billxxxx xxxll be made on or before the due date; , and if not so paid, paid the unpaid balance shall be treated as provided under Article 6 VI of the Agreement.

- ADVANCES AND PAYMENT. 1.3.1. If operator so requests, nonNon-operator(sOperator(s) shall advance by immediately available funds to the operator the non-operator(s)' Operator within 15 days of notice by Operator their share of estimated cash requirements for the succeeding month's operation Operations in accordance with Article 6 VI of the Agreement. Operator shall make written request for the advance to non- operator(s) at least twenty (20) days prior to the first banking day of such succeeding month. The Such advance shall not be due and payable before credited when the first banking day of the month for which the advance is requestedactual billxxxx xxx 1.2.2. The request shall set out the funds in the currencies to be expended as estimated by the operator to be required. The non-operator(s) shall on or before the due date make corresponding advances in the currencies requested by depositing such funds to operator's account at a bank as may be from time to time designated by the operatorabove are issued. 1.3.2. Should the operator Operator be requested required to pay any large (in excess of U.S. $50,000.00) sums of money for operations under on behalf of the AgreementJoint Operation, which were unforeseen at the time of providing the nonNon-operator(sOperator(s) with said monthly estimates of its requirements, the operator may Operator shall make a written request of the non- operator(sNon-Operators(s) for special advances covering the nonNon-operatorsOperators' share of such payments. Non-operator(sOperator(s) shall advance to operator make their share of such proportional special advances within fifteen (15) days after date receipt of such notice. 1.3.3. If nonNon-operators' Operator(s) advances exceed their share of actual expenditurethe expenditures, the next succeeding cash advanceadvance requirements, after such determination, shall be reduced accordinglyaccordingly or deducted from the next billing, whichever comes first. However, nonNon-operator(sOperator(s) may request that excess advances be refunded. The operator Operator shall make such refund with within fifteen (15) days after receipt of Non-Operator(s) request. Such refund shall be made in the date of such notice. Draft Production Sharing Contract Block L27 Ministry of Energy Page 95currency so advanced. 1.3.4. If nonNon-operators' Operator(s) advances are less than their share of actual expenditureexpenditures, the deficiency shall, at operatorOperator's option, be added to subsequent cash advance requirements or be paid by nonNon-operators Operator(s) within fifteen thirty (1530) days following operator's billing to non-operator(s) receipt of Operators for such deficiency. 1.3.5. If the operator Operator does not request nonNon-operator(sOperator(s) as provided in sub-part 1.3.1., to advance their share of estimated cash requirements, nonNon-operator(sOperator(s) shall pay their share of actual expenditure expenditures within fifteen thirty (1530) days following date receipt of operatorOperator's billing. 1.3.6. Payments Payment of advances or xxxxxxxx shall billxxxx xxxll be made on or before the due date; , and if not so paid, paid the unpaid balance shall be treated as provided under Article 6 VI of the Agreement.

- ADVANCES AND PAYMENT. 1.3.1. If operator so requests, non-operator(s) shall advance to the operator the non-operator(s)' share of estimated cash requirements for the succeeding month's operation in accordance with Article 6 of the Agreement. Operator shall make written request for the advance to non- operator(s) at least twenty (20) days prior to the first banking day of such succeeding month. The advance shall not be due and payable before the first banking day of the month for which the advance is requested. The request shall set out the funds in the currencies to be expended as estimated by the operator to be required. The non-operator(s) shall on or before the due date make corresponding advances in the currencies requested by depositing such funds to operator's account at a bank as may be from time to time designated by the operator. 1.3.2. Should the operator be requested to pay any large sums of money for operations under the Agreement, which were unforeseen at the time of providing the non-operator(s) with said monthly estimates of its requirements, the operator may make a written request of the non- operator(s) for special advances covering the non-operators' share of such payments. Non-operator(s) shall advance to operator their share of such advances within fifteen (15) days after date of such notice. 1.3.3. If non-operators' advances exceed their share of actual expenditure, the next succeeding cash advance, after such determination, shall be reduced accordingly. However, non-operator(s) may request that excess advances be refunded. The operator shall make such refund with fifteen (15) days after the date of such notice. Draft Production Sharing Contract Block L27 Ministry of Energy Page 95. 1.3.4. If non-operators' advances are less than their share of actual expenditure, the deficiency shall, at operator's option, be added to subsequent cash advance requirements or be paid by non-operators within fifteen (15) days following operator's billing to non-operator(s) of such deficiency. 1.3.5. If the operator does not request non-operator(s) as provided in sub-part 1.3.1., to advance their share of estimated cash requirements, non-operator(s) shall pay their share of actual expenditure within fifteen (15) days following date of operator's billing. 1.3.6. Payments of advances or xxxxxxxx shall be made on or before the due date; and if not so paid, the unpaid balance shall be treated as provided under Article 6 of the Agreement.

- ADVANCES AND PAYMENT. 1.3.1. If operator so requests, non-operator(s) shall advance to the operator the non-operator(s)' share of estimated cash requirements for the succeeding month's operation in accordance with Article 6 of the Agreement. Operator shall make written request for the advance to non- operator(s) at least twenty (20) days prior to the first banking day of such succeeding month. The advance shall not be due and payable before the first banking day of the month for which the advance is requested. The request shall set out the funds in the currencies to be expended as estimated by the operator to be required. The non-operator(s) shall on or before the due date make corresponding advances in the currencies requested by depositing such funds to operator's account at a bank as may be from time to time designated by the operator. 1.3.2. Should the operator be requested to pay any large sums of money for operations under the Agreement, which were unforeseen at the time of providing the non-operator(s) with said monthly estimates of its requirements, the operator may make a written request of the non- operator(s) for special advances covering the non-operators' share of such payments. Non-operator(s) shall advance to operator their share of such advances within fifteen (15) days after date of such notice. 1.3.3. If non-operators' advances exceed their share of actual expenditure, the next succeeding cash advance, after such determination, shall be reduced accordingly. However, non-operator(s) may request that excess advances be refunded. The operator shall make such refund with fifteen (15) days after the date of such notice. Draft Production Sharing Contract Block L27 Ministry of Energy Page 95 1.3.4. If non-operators' advances are less than their share of actual expenditure, the deficiency shall, at operator's option, be added to subsequent cash advance requirements or be paid by non-operators within fifteen (15) days following operator's billing to non-operator(s) of such deficiency. 1.3.5. If the operator does not request non-operator(s) as provided in sub-part 1.3.1., to advance their share of estimated cash requirements, non-operator(s) shall pay their share of actual expenditure within fifteen (15) days following date of operator's billing. 1.3.6. Payments of advances or xxxxxxxx shall be made on or before the due date; and if not so paid, the unpaid balance shall be treated as provided under Article 6 of the Agreement.

- ADVANCES AND PAYMENT. 1.3.1. If operator so requests, non-operator(s) shall advance to the operator the non-operator(s)' share of estimated cash requirements for the succeeding month's operation in accordance with Article 6 of the Agreement. Operator shall make written request for the advance to non- operator(s) at least twenty (20) days prior to the first banking day of such succeeding month. The advance shall not be due and payable before the first banking day of the month for which the advance is requested. The request shall set out the funds in the currencies to be expended as estimated by the operator to be required. The non-operator(s) shall on or before the due date make corresponding advances in the currencies requested by depositing such funds to operator's account at a bank as may be from time to time designated by the operator. 1.3.2. Should the operator be requested to pay any large sums of money for operations under the Agreement, which were unforeseen at the time of providing the non-operator(s) with said monthly estimates of its requirements, the operator may make a written request of the non- operator(s) for special advances covering the non-operators' share of such payments. Non-operator(s) shall advance to operator their share of such advances within fifteen (15) days after date of such notice. 1.3.3. If non-operators' advances exceed their share of actual expenditure, the next succeeding cash advance, after such determination, shall be reduced accordingly. However, non-operator(s) may request that excess advances be refunded. The operator shall make such refund with fifteen (15) days after the date of such notice. Draft Production Sharing Contract Block L27 11A Ministry of Energy Page 9596 1.3.4. If non-operators' advances are less than their share of actual expenditure, the deficiency shall, at operator's option, be added to subsequent cash advance requirements or be paid by non-operators within fifteen (15) days following operator's billing to non-operator(s) of such deficiency. 1.3.5. If the operator does not request non-operator(s) as provided in sub-part 1.3.1., to advance their share of estimated cash requirements, non-operator(s) shall pay their share of actual expenditure within fifteen (15) days following date of operator's billing. 1.3.6. Payments of advances or xxxxxxxx shall be made on or before the due date; and if not so paid, the unpaid balance shall be treated as provided under Article 6 of the Agreement.

- ADVANCES AND PAYMENT. 1.3.1. If operator so requests, non-operator(s) shall advance to the operator the non-operator(s)' share of estimated cash requirements for the succeeding month's operation in accordance with Article 6 of the Agreement. Operator shall make written request for the advance to non- operator(s) at least twenty (20) days prior to the first banking day of such succeeding month. The advance shall not be due and payable before the first banking day of the month for which the advance is requested. The request shall set out the funds in the currencies to be expended as estimated by the operator to be required. The non-operator(s) shall on or before the due date make corresponding advances in the currencies requested by depositing such funds to operator's account at a bank as may be from time to time designated by the operator. 1.3.2. Should the operator be requested to pay any large sums of money for operations under the Agreement, which were unforeseen at the time of providing the non-operator(s) with said monthly estimates of its requirements, the operator may make a written request of the non- operator(s) for special advances covering the non-operators' share of such payments. Non-operator(s) shall advance to operator their share of such advances within fifteen (15) days after date of such notice. 1.3.3. If non-operators' advances exceed their share of actual expenditure, the next succeeding cash advance, after such determination, shall be reduced accordingly. However, non-operator(s) may request that excess advances be refunded. The operator shall make such refund with fifteen (15) days after the date of such notice. Draft Production Sharing Contract Block L27 11A Ministry of Energy Page 9596 1.3.4. If non-operators' advances are less than their share of actual expenditure, the deficiency shall, at operator's option, be added to subsequent cash advance requirements or be paid by non-operators within fifteen (15) days following operator's billing to non-operator(s) of such deficiency. 1.3.5. If the operator does not request non-operator(s) as provided in sub-part 1.3.1., to advance their share of estimated cash requirements, non-operator(s) shall pay their share of actual expenditure within fifteen (15) days following date of operator's billing. 1.3.6. Payments of advances or xxxxxxxx shall be made on or before the due date; date; and if not so paid, the unpaid balance shall be treated as provided under Article 6 of the Agreement.