Catastrophe Overhead. To compensate Operator for overhead costs incurred in the event of expenditures resulting from a single occurrence due to oil spill, blowout, explosion, fire, storm, hurricane, or other catastrophes as agreed to by the Parties, which are necessary to restore the Joint Property to the equivalent condition that existed prior to the event causing the expenditures, Operator shall either negotiate a rate prior to charging the Joint Account or shall charge the Joint Account for overhead based on the following rates: A. 5% of total costs through $100,000; plus B. 4% of total costs in excess of $100,000 but less than $1,000,000; plus
Catastrophe Overhead. To compensate Operator for overhead costs incurred in the event of expenditures resulting from a single occurrence due to oil spill, blowout, explosion, fire, storm, hurricane, or other catastrophes as agreed to by the Parties, which are necessary to restore the Joint Property to the equivalent condition that existed prior to the event causing the expenditures, Operator shall either negotiate a rate prior to charging the Joint Account or shall charge the Joint Account for overhead based on the following rates:
Catastrophe Overhead. Included in the overhead rate payable under Paragraph 3A. To compensate Operator for overhead costs incurred in the event of expenditures resulting from a single occurrence due to oil spill, blowout, explosion, fire, storm, hurricane, or other catastrophes as agreed to by the Parties, which are necessary to restore the Joint Property to the equivalent condition that existed prior to the event causing the expenditures, Operator shall either negotiate a rate prior to charging the Joint Account or shall charge the Joint Account for overhead based on the following rates:
A. of total costs through $100,000; plus
B. of total costs in excess of $100,000 but less than $1,000,000; plus
C. of total costs in excess of $1,000,000. Expenditures subject to the overheads above will not be reduced by insurance recoveries, and no other overhead provisions of this Section III shall apply.
Catastrophe Overhead. To compensate the Operator for overhead costs incurred in the event of expenditures resulting from a single occurrence due to oil spill, blowout, explosion, fire, storm, hurricane, or other catastrophes as agreed to by the Parties, which are necessary to restore the Joint Property to the equivalent condition that existed prior to the event causing the expenditures, Operator shall either negotiate a rate prior to charging the Joint Account or shall charge the Joint Account for overhead based on the following rates:
A. Five (5 %) percent of total costs through $100,000; plus
B. Two (2 %) percent of total costs in excess of $100,000 but less than $1,000,000; plus
C. One and one half (1.5 %) percent of total costs in excess of $1,000,000. Expenditures subject to the overheads above will not be reduced by insurance recoveries, and no other overhead provisions of this Section III shall apply
Catastrophe Overhead. To compensate Operator for overhead costs incurred in the event of expenditures resulting from a single occurrence due to oil spill, blowout, explosion, fire, storm, hurricane, or other catastrophes as agreed to by the Parties, which are necessary to restore the Joint Property to the equivalent condition that existed prior to the event causing the expenditures, Operator shall either negotiate a rate prior to charging the Joint Account or shall charge the Joint Account for overhead based on the following rates: A. ___% of total costs through $100,000; plus
A. A.P.L. FORM 610 -- MODEL FORM OPERATING AGREEMENT - 1989 See Attached Addenda
B. of total costs in excess of $100,000 but less than $1,000,000; plus See Attached Addenda
C. of total costs in excess of $1,000,000. See Attached Addenda Expenditures subject to the overheads above will not be reduced by insurance recoveries, and no other overhead provisions of this Section III shall apply.
Catastrophe Overhead. To compensate Operator for overhead costs incurred in the event of expenditures resulting from a single occurrence due to oil spill, blowout, explosion, fire, storm, hurricane, or other catastrophes as agreed to by the Parties, which are necessary to restore the Joint Property to the equivalent condition that existed prior to the event causing the expenditures, Operator shall either negotiate a rate prior to charging the Joint Account or shall charge the Joint Account for overhead based on the following rates:
A. of total costs through $100,000; plus
A. A.P.L. FORM 610 -- MODEL FORM OPERATING AGREEMENT - 1989 See Attached Addenda
Catastrophe Overhead. To compensate Mesa for overhead costs -------------------- incurred in the event of expenditures resulting from a single occurrence due to oil spill, blowout, explosion, fire, storm, tornado or other catastrophes as agreed to by the parties, which are necessary to return wells subject to the Operatinx Xxxeement to the condition that existed prior to the event causing the expenditures, Mesa shall charge the same rates as set forth for Capital Expenditures (Article IV) hereinbelow.
