BOOKS, ACCOUNTS AND AUDITS. (1) The Contractor shall keep books and accounts in accordance with the Accounting Procedure and shall submit to the Minister a statement of those accounts, not more than three (3) months after the end of each Calendar Year.
BOOKS, ACCOUNTS AND AUDITS. 15.1 The Contractor shall maintain its records and books in accordance with the provisions of applicable companies’ and taxation laws and regulations in force in the Republic from time to time, and the Accounting Procedure attached hereto as Annex C.
BOOKS, ACCOUNTS AND AUDITS. BOOKS AND ACCOUNTS
BOOKS, ACCOUNTS AND AUDITS. 24.1 The Contractor shall maintain books and accounts in the English language, at the Contractor’s office in Somalia, in accordance with the Accounting Procedure and International Financial Reporting Standards (IFRS) and shall, not later than ninety (90) days after the end of each Calendar Year, submit to the SPA a statement of those accounts and a consolidated annual report of its parent company.
BOOKS, ACCOUNTS AND AUDITS. BOOKS AND ACCOUNTS In addition to any requirements pursuant to paragraph (b) of subsection 4 of Section 5, the contractor shall keep complete books and accounts recording all operating costs as well as monies received from the sale or disposal of petroleum production.
BOOKS, ACCOUNTS AND AUDITS. 23.1The Contractor shall maintain books and accounts in the English language, at the Contractor´s office in Somalia, in accordance with the Accounting Procedure and Law and shall, not later than [90] days after the end of each Calendar Year, submit to the Minister of Petroleum and the Authority a statement of those accounts and a consolidated annual report of its parent company.
BOOKS, ACCOUNTS AND AUDITS. 34 20.1 Operator's Responsibility for Books and Accounts 34 20.2 Audits 34 ARTICLE 21 GOVERNING LAW 34 ARTICLE 22 FORCE MAJEURE 34 22.1 Excuse of Obligations 34 22.2 Notification 35 22.3 Extension of Term; Termination 35 ARTICLE 23 SETTLEMENT OF DIFFERENCES - ARBITRATION 35 23.1 Amicable settlement 35 23.2 Arbitration 35 ARTICLE 24 ASSIGNMENT 36 24.1 Assignment by First Party 36 24.2 Assignment by Second Party 36 24.3 Pre-emption Right 36 ARTICLE 25 TERMINATION 37 25.1 Right of Termination 37 25.2 Acceleration 38 ARTICLE 26 ABANDONMENT 38 ARTICLE 27 MISCELLANEOUS 40 27.1 NOTICES 40 27.2 No Waiver; Cumulative Remedies 41 27.3 Amendments 41 27.4 Satisfactory Documentation 41 27.5 Entirety of Agreement 42 27.6 No Third Party Beneficiaries 42 27.7 Conflict in Terms 42 27.8 Language 43 27.9 Headings 43 27.10 ...Indemnity 43 27.11 ...Effective Date 43 EXHIBIT (A) CONTRACT AREA EXHIBIT (B) MINIMUM EXPLORATION PROGRAM EXHIBIT (C) ACCOUNTING PROCEDURE EXHIBIT (D) GUARANTEES EXHIBIT (E) EXAMPLE CALCULATIONS EXHIBIT (F) TAX RECEIPT EXHIBIT (G) SHAREHOLDER AGREEMENT EXHIBIT (H) OPERATING AGREEMENT THIS AGREEMENT is made and entered into the ……. day of , 1374, corresponding to the ……. day of ……….., 2006, by and between NATIONAL OIL CORPORATION (hereinafter referred to as "NOC" or “First Party”), a corporation established by Law No. 24 of 1970, as amended, reorganized under Decree No. 10/1979 of the General Secretariat of the General People's Congress of the Great Socialist People's Libyan Arab Jamahiriya ("GSPLAJ"), and having its principal office at Xxxxxx Xxxxxx Street, Tripoli, GSPLAJ, and
BOOKS, ACCOUNTS AND AUDITS. 20.1 Operator's Responsibility for Books and Accounts Operator shall be responsible for keeping complete books and accounts reflecting costs, expenses and liabilities of Petroleum Operations under this Agreement, consistent with Good Oilfield Practices as described in the Accounting Procedure attached hereto as Exhibit "C".
