Arm’s Length Transactions. Unless otherwise specifically provided for in the Contract, all transactions giving rise to revenues, costs or expenditures which will be credited or charged to the accounts prepared, maintained or submitted hereunder shall be conducted at arms length or on such a basis as will assure that all such revenues, costs or expenditures will not be lower or higher, as the case may be, than would result from a transaction conducted at arms length on a competitive basis with third parties.
Appears in 16 contracts
Samples: Production Sharing Contract, Production Sharing Contract, Production Sharing Contract
Arm’s Length Transactions. Unless Except as may be otherwise specifically agreed in writing between the Government and Licensee or as may be provided for in Article 12 of the ContractAgreement, all transactions giving rise to revenues, costs or expenditures expenses under this Agreement which will be credited or charged to the accounts books, accounts, records and reports prepared, maintained or submitted hereunder shall be conducted at arms arm's length or on such a basis as will assure that all such revenues, costs or expenditures expenses will not be lower materially higher or higherlower, as the case may be, than would result from a transaction conducted at arms length on a competitive basis with third parties.
Appears in 2 contracts
Samples: Model Production Sharing Contract, Model Production Sharing Contract
Arm’s Length Transactions. Unless Except as may be otherwise specifically agreed in writing between the Government and Licensee or as may be provided for in Article 13 of the ContractAgreement, all transactions giving rise to revenues, costs or expenditures expenses under this Agreement which will be credited or charged to the accounts books, accounts, records and reports prepared, maintained or submitted hereunder shall be conducted at arms arm’s length or on such a basis as will assure that all such revenues, costs or expenditures expenses will not be lower materially higher or higherlower, as the case may be, than would result from a transaction conducted at arms length on a competitive basis with third parties.
Appears in 2 contracts
Samples: Production Sharing Agreement, Production Sharing Agreement
Arm’s Length Transactions. Unless Except as may be otherwise specifically provided for agreed in writing between the ContractCompetent Body and Contractor, all transactions giving rise to revenues, costs or expenditures expenses which will be credited or charged to the accounts books, accounts, records and reports prepared, maintained or submitted hereunder shall be conducted at arms arm’s length or on such a basis as will assure that all such revenues, costs or expenditures expenses will not be lower higher or higherlower, as the case may be, than would result from a transaction conducted at arms length on a competitive basis with third parties.
Appears in 1 contract
Samples: Production Sharing Agreement
Arm’s Length Transactions. Unless otherwise specifically provided for in the Contract, all transactions giving rise to the revenues, costs or expenditures which will be credited or charged to the accounts prepared, maintained or submitted hereunder shall be conducted at arms length or on such a basis as will assure that all such revenues, revenues will not be lower and all such costs or expenditures will not be lower or higher, as the case may be, higher than would result from a transaction conducted at arms length on a competitive basis with third parties.
Appears in 1 contract
Samples: Production Sharing Contract (Geoglobal Resources Inc.)