CONTRACT OPERATOR. 1. Where a number of corporations enters into a contract with the Joint Authority, the corporations shall appoint and authorize one of their number to be the contract operator responsible, on behalf of the group of corporations, for petroleum operations and all dealings with the Joint Authority under the contract.
2. The contract operator shall undertake petroleum operations in an efficient manner which minimizes costs and in a manner in accordance with the provisions of the production sharing contract. Costs incurred by the contract operator in undertaking petroleum operations shall not include any component of profit which accrues to the contract operator solely by virtue of its role as contract operator.
3. All communications on matters related to the contract shall be effected between the contract operator and the Joint Authority. The contract operator shall establish an office in either the Republic of Indonesia or Australia.
CONTRACT OPERATOR. Any contract entered into by FDOT with a Contract Operator shall provide that it expires upon the expiration of the FDOT Funding Period Locally Funded Agreement unless the contract is assigned to the Commission pursuant to an assignment that effects a novation and releases the FDOT from being a party to the contract, in which case, the contract will continue for a period of three years following the expiration of the FDOT Funding Period Locally Funded Agreement. Such contract shall provide that it can be assigned to the Commission.
CONTRACT OPERATOR. Both of BCER and BCEOC are in material compliance with the Operation Agreement and, to the extent required therein, have operated the assets of HEC in the ordinary course of business of HEC consistent with past practice.
CONTRACT OPERATOR. It is understood and agreed that the business subject hereunder is produced, underwritten, administered, and otherwise managed by Duncxxxxx & Xolt xx behalf of the Company and the American Accident Reinsurance Group. It is further understood and agreed that this Agreement has been entered into in contemplation of the continuation of the Contract Operator performing the aforementioned duties.
CONTRACT OPERATOR. The CMRTA will continue the procurement process currently underway relating to the services of a third party contract operator. The CMRTA shall take all reasonable and necessary actions to have a new contract with a third party contract contractor to be effective by April 1, 2014. In entering into a new contract, the CMRTA shall include the following provisions:
(a) As much financial transparency as possible, within the parameters of standards in the transit industry;
(b) Performance standards expressed in measurable quantitative terms with financial penalties for failure to meet performance standards;
(c) A term of five years, with renewal options not to exceed five years; and
(d) To the extent allowed by Federal and State regulations, a goal to utilize local and minority vendors and service providers.
