Basis of Charge to Working Interest Owners Sample Clauses

Basis of Charge to Working Interest Owners. Unit Operator initially shall pay all Unit Expense. Each Working Interest Owner shall reimburse Unit Operator for its share of Unit Expense. Each Working Interest Owner’s share shall be the same as its Unit Participation then in effect. All charges, credits and accounting for Unit Expense shall be in accordance with Exhibit E.
Sample 1Sample 2
AutoNDA by SimpleDocs
Basis of Charge to Working Interest Owners. Subject to the provisions of Article 11.2 hereof, Unit Operator initially shall pay all Unit Expenses. All charges, credits and accounting for Unit Expenses shall be in accordance with Exhibit "E" attached hereto. Each Working Interest Owner shall reimburse Unit Operator for its share of Unit Expenses in accordance with the following:
Sample 1
Basis of Charge to Working Interest Owners. Unit Operator initially shall pay all Unit Expenditures except those incurred under separate Operating Agreements covering the respective Operating Areas and Working Interest Owners shall reimburse Unit Operator for their respective shares thereof on the basis elsewhere herein provided. All charges, credits and accounting for Unit Expenditures shall be in accordance with Exhibit D. Each Party shall bear its proportionate share of all Unit Expenditures incurred in connection with all Unit Operations which receive the Approval of the Parties.
Sample 1
Basis of Charge to Working Interest Owners. Unit Operator initially shall pay all Unit Expenditures and Working Interest Owners shall reimburse Unit Operator for their respective shares thereof on the basis elsewhere herein provided. All charges, credits and accounting for Unit Expenditures shall be in accordance with Exhibit C. Except as provided in Articles 11.9 and 13.4, no operations (including the drilling of any well) shall be conducted hereunder and no Unit Expenditures shall be incurred which are not included in an Approved program and Approved estimate of expenditures. Each Party shall bear its proportionate share of all Unit Expenditures incurred in connection with all Unit Operations which receive the Approval of the Parties, including without limitation the construction of platforms, except those operations which are conducted under the provisions of Article XII dealing with Non-Consent Operations.
Sample 1

Related to Basis of Charge to Working Interest Owners

  • Allocation of Charges There is not any agreement or understanding between the Servicer and the Borrower (other than as expressly set forth herein or as consented to by the Administrative Agent), providing for the allocation or sharing of obligations to make payments or otherwise in respect of any taxes, fees, assessments or other governmental charges; provided that it is understood and acknowledged that the Borrower will be consolidated with the Servicer for tax purposes.

  • Initial Contribution of Trust Property; Fees, Costs and Expenses The Property Trustee acknowledges receipt from the Depositor in connection with the Original Trust Agreement of the sum of ten dollars ($10), which constituted the initial Trust Property. The Depositor shall pay all fees, costs and expenses of the Trust (except with respect to the Trust Securities) as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such fees, costs and expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such fees, costs or expenses.

  • Property Cash Flow Allocation (a) During any Cash Management Period, all Rents deposited into the Deposit Account during the immediately preceding Interest Period shall be applied on each Payment Date as follows in the following order of priority:

  • Allocation of Revenues All revenues relating to the Designated Property shall be allocated as follows: (i) 100% to CWEI before Payout and (ii) 1% to CWEI and 99% to the Participants after Payout, apportioned among the Participants in proportion to the percentages listed on Exhibit A attached hereto.

  • Interest Bearing Call or Time Deposits The Bank shall, upon receipt of Proper Instructions relating to the purchase by the Fund of interest-bearing fixed-term and call deposits, transfer cash, by wire or otherwise, in such amounts and to such bank or banks as shall be indicated in such Proper Instructions. The Bank shall include in its records with respect to the assets of the Fund appropriate notation as to the amount of each such deposit, the banking institution with which such deposit is made (the "Deposit Bank"), and shall retain such forms of advice or receipt evidencing the deposit, if any, as may be forwarded to the Bank by the Deposit Bank. Such deposits shall be deemed Portfolio Securities of the Fund and the responsibility of the Bank therefore shall be the same as and no greater than the Bank's responsibility in respect of other Portfolio Securities of the Fund.

  • Allocation of Profit and Loss Article V, Section 5.01 of the Partnership Agreement is hereby deleted in its entirety and the following new Section 5.01 is inserted in its place:

  • Completion Accounts As at the Completion Accounts Date, the Company will have no liabilities known, actual or contingent (including contingent liabilities) which are not disclosed, noted or provided for in the Completion Accounts or included for the computation of the Net Amount in accordance with Clause 3.03.

  • Apportionment of Earnings and Profits and Tax Attributes (a) Tax Attributes arising in a Pre-Distribution Period will be allocated to (and the benefits and burdens of such Tax Attributes will inure to) the members of the Parent Group and the members of the SpinCo Group in accordance with the Code, Treasury regulations and any other Applicable Tax Law, and, in the absence of controlling legal authority or unless otherwise provided under this Agreement, Tax Attributes shall be allocated to the legal entity that created such Tax Attributes.

  • Initial Contribution of Trust Property; Organizational Expenses The Property Trustee acknowledges receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

  • Calculations Respecting Accrued Interest Accrued interest on any Certificate shall be calculated based upon a 360-day year consisting of twelve 30-day months and Pass-Through Rates shall be carried out to eight decimal places, rounded if necessary. All dollar amounts calculated hereunder shall be rounded to the nearest xxxxx.

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