BUDGETS AND RECOVERABLE COSTS Sample Clauses

BUDGETS AND RECOVERABLE COSTS. 28 11.1 Budgets 28 11.2 Exploration Budgets 28 11.3 Development Budgets 28 11.4 Modifications 28 11.5 Accounting of Contractor’s Costs 28 11.6 Recoverable Costs 28 11.7 Procurement of Goods and Services 29 11.8 Recordkeeping Requirement 29 11.9 Contractor’s Transactions with Third Parties 29
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BUDGETS AND RECOVERABLE COSTS. 32 11.1 Budgets 32 11.2 Exploration Budgets 32 11.3 Development Budgets 33 11.4 Modifications 33 11.5 Accounting of Contractor’s Costs 33 11.6 Recoverable Costs 33 11.7 Procurement of Goods and Services 33 11.8 Recordkeeping Requirement 33 11.9 Contractor’s Transactions with Third Parties 34 ARTICLE 12. MEASUREMENT AND RECEPTION OF NET HYDROCARBONS 34 12.1 Volume and Quality 34 Contract No. CNH-R01-L01-A2/2015 12.2 Procedures for Reception 34 12.3 Installation, Operation, Maintenance and Calibration of Measurement Systems 34 12.4 Records 35 12.5 Measurement System Malfunction 35 12.6 Replacement of Measurement System 36 12.7 Access to Measurement Systems 36 12.8 Measurement Point Outside the Contract Area 36 ARTICLE 13. MATERIALS 36 13.1 Ownership and Use of Materials 36 13.2 Leases 37 13.3 Purchase Option 37 13.4 Disposition of Assets 37 ARTICLE 14. ADDITIONAL OBLIGATIONS OF THE PARTIES 37 14.1 Additional Obligations of the Contractor 37 14.2 Approvals by CNH 39 14.3 Environmental Liability and Industrial Safety 39 14.4 Preexisting Damages 40 14.5 Right of Access by Third Parties to the Contract Area 41 ARTICLE 15. DISPOSITION OF PRODUCTION 41 15.1 Self-Consumed Hydrocarbons 41 15.2 Measurement Points 41 15.3 Commercialization of Production of the Contractor 41 15.4 Commercialization of Production of the State 42 15.5 Disposal of Sub-Products 42 15.6 Commercialization Facilities 42 ARTICLE 16. CONSIDERATION 42 16.1 Monthly Payments 42 16.2 State Consideration 42 16.3 Contractor Consideration 43 16.4 Recoverable Costs Limit 43 16.5 Contractual Value of Hydrocarbons 43 16.6 Calculation of Considerations 43
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BUDGETS AND RECOVERABLE COSTS. 26 11.1 Budgets 26 11.2 First Exploration Budget 26 11.3 First Development Budget 27
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BUDGETS AND RECOVERABLE COSTS. 25 10.1 Budgets 25
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BUDGETS AND RECOVERABLE COSTS 
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Related to BUDGETS AND RECOVERABLE COSTS

  • Reimbursable Costs 5.3.1. To be considered eligible for reimbursement, costs have to be: • actually incurred, individually identifiable and verifiable, as backed by copies of supporting evidence, as the case may be in the Contractor’s official bookkeeping; this means that no lump sums will be eligible for reimbursement; • necessary in order to perform the tasks as specified in the Terms of Reference (Annex 2); and • cost effective and providing value for money

  • Expenses and Recoveries The enforcing Party bringing a claim, suit or action under this Section 4.3 shall be solely responsible for any expenses incurred by such Party as a result of such claim, suit or action. If such Party recovers monetary damages in such claim, suit or action, except as otherwise agreed by the Parties in connection with a cost-sharing arrangement, such recovery shall be allocated first to the reimbursement of any expenses incurred by the Parties in such litigation, and any remaining amounts shall be shared as follows: [***].

  • Collection Expenses The Borrower further agrees, subject only to any limitation imposed by applicable law, to pay all expenses, including reasonable attorneys’ fees, incurred by the holder of this Note in endeavoring to collect any amounts payable hereunder which are not paid when due.

  • Direct Costs Insert the major cost elements. For each element, consider the application of the paragraph entitled “Costs Requiring Prior Approval” on page 1 of these instructions.

  • Development Expenses Novartis shall be solely responsible for the costs and expenses of Developing and commercializing Licensed Products pursuant to the terms of this Agreement, except with respect to Infinity’s research, development and commercialization activities with respect to an Abandoned Profile pursuant to Section 3.3.1 (subject to Section 2.3).

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • 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.

  • Operating Expense Payments Landlord shall deliver to Tenant a written estimate of Operating Expenses for each calendar year during the Term (the “Annual Estimate”), which may be revised by Landlord from time to time during such calendar year. During each month of the Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12th of Tenant’s Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.

  • Collection Costs In the event collection efforts are required to obtain payment on this Account, to the extent permitted by law, You agree to pay all court costs, private process server fees, investigation fees or other costs incurred in collection and reasonable attorneys' fees incurred in the course of collecting any amounts owed under this Agreement or in the recovery of any Collateral.

  • DIRECT CHARGES To the extent Cash-based Expenses are incurred by the Contractor, the Contractor shall be reimbursed for reasonable and necessary actual direct costs incurred (e.g., equipment, supplies, travel and other costs directly associated with the performance of the Agreement) to the extent required in the performance of the Work and to the extent such costs are anticipated in the Budget. Travel, lodging, meals and incidental expenses shall be reimbursed for reasonable and necessary costs incurred. Costs shall not exceed the daily per diem rates published in the Federal Travel Regulations. Reimbursement for the use of personal vehicles shall be limited to the Internal Revenue Service business standard mileage rate in effect at the time the expense was incurred.

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