AUDIT OF THE COST AND PROFIT OIL Sample Clauses

AUDIT OF THE COST AND PROFIT OIL. 6.1. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred.
Sample 1Sample 2Sample 3See All (25)
AutoNDA by SimpleDocs
AUDIT OF THE COST AND PROFIT OIL verification of the legitimacy of expenditures and Production made by the Operator and recognized by the Manager as the Cost Oil and Profit Oil.
Sample 1Sample 2Sample 3See All (17)
AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five (5) years. The minimum frequency for performing the Audit of the Cost and Profit Oil is at every six (6) years. Regarding expenditures previously recognized as Cost Oil, the Audit of the Cost and Profit Oil shall result in: reversal of expenditures improperly recognized; or final acceptance of the expenditures recognized. Regarding the Volume of Inspected Production, the Audit of the Cost and Profit Oil shall result in: adjustment of the Volume of Inspected Production improperly calculated; or final acceptance of the Volume of Inspected Production calculated. ANNEX VIII – ADDRESS Ministry of Mines and Energy – MME Xxxxxxxxx xxx Xxxxxxxxxxx, Xxxxx X, Xxxx Xxxxxx Xxxxxxxx – XX, 00000-000 Xxxxxxx Xxxxxxxxxx de Administração de Petróleo e Gás Natural S.A. – Pré-xxx Petróleo S.A. – PPSA XXXX Xxxxxx 00, Xxxxxxxx Xxxxxxxx Office Tower, sala 000 (xxxxxxxxx xxxxx xx xxxxxxxx) Xxxxxxxx – DF, CEP Avenida Rio Xxxxxx, nº 1, 4º andar, Centro (Main Office) Rio de Janeiro – RJ, CEP National Agency of Petroleum, Natural Gas and Biofuels – ANP Avenida Rio Xxxxxx nº 65, 12º ao 22º andar, Centro Rio de Janeiro – RJ, 20090-004 [insert the corporate name of the Contractor] [insert the full address of the Contractor] ANNEX IX – LOCAL CONTENT COMMITMENT Minimum Local Content (%) Exploration Xxxxx 00 Xxxxxxxxxxx Xxxxx Construction of Well 25 Production Collection and Outflow System 40 Stationary Production Unit 25 ANNEX X – CONSORTIUM AGREEMENT CONSORTIUM AGREEMENT [name] REGARDING PRODUCTION SHARING AGREEMENT No. _________________ [areas covered by the consortium] BASIN ______________ between Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Xxx Petróleo S.A. – PPSA, and _____________________________ Brasília – DF ______________, 20__ CONSORTIUM AGREEMENT
Sample 1Sample 2See All (16)
AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five
Sample 1

Related to AUDIT OF THE COST AND PROFIT OIL

  • Operating Costs The Assuming Institution agrees, during its period of use of any Leased Data Management Equipment, to pay to the Receiver or to appropriate third parties at the direction of the Receiver all operating costs with respect thereto and to comply with all relevant terms of any existing Leased Data Management Equipment leases entered into by the Failed Bank, including without limitation the timely payment of all rent, taxes, fees, charges, maintenance, utilities, insurance and assessments.

  • General Expenses You authorize the Manager to charge your account with your Underwriting Percentage of all expenses of a general nature incurred by the Manager and Co-Managers under the applicable AAU in connection with the Offering, including the negotiation and preparation thereof, or in connection with the purchase, carrying, marketing and sale of any securities under the applicable AAU and any Intersyndicate Agreement, including, without limitation, legal fees and expenses, transfer taxes, costs associated with approval of the Offering by the NASD and the costs of currency transactions (including forward and hedging currency transactions) entered into to facilitate settlement of the purchase of Securities permitted under Section 3.1 hereof.

  • Operating and Maintenance Costs The Participating Generator shall be responsible for all its costs incurred in connection with operating and maintaining the Generating Units identified in Schedule 1 for the purpose of meeting its obligations under this Agreement.

  • Audit Costs In the event of an audit exception or exceptions related to the services provided pursuant to the terms and conditions of this Agreement, the party responsible for not meeting the requirements set forth herein shall be responsible for the deficiency and for the cost of the audit. If the allowable expenditures cannot be determined because CONTRACTOR’s documentation is nonexistent or inadequate, according to generally accepted accounting practices, the questionable cost shall be disallowed by COUNTY.

Time is Money Join Law Insider Premium to draft better contracts faster.