Contractor Consideration. The Contractor Consideration for any given Month shall consist of the onerous transfer of the Net Hydrocarbons corresponding to that Month. The transfer shall only be made if the Contractor is up to date with its payments of the State Considerations, as provided in Article16.2, from the Effective Date up to the preceding Month. The transfer of the first volume of Net Hydrocarbons shall only be made if the Contractor is up to date with its payments of the State Considerations accrued up to that moment.
Appears in 3 contracts
Samples: License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater), License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater), License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater)
Contractor Consideration. The Contractor Consideration for any given Month shall consist of the onerous transfer of the Net Hydrocarbons corresponding to that Month. The transfer shall only be made if the Contractor is up to date with its payments of the State Considerations, as provided in Article16.2Article 16.2, from the Effective Date up to the preceding Month. The transfer of the first volume of Net Hydrocarbons shall only be made if the Contractor is up to date with its payments of the State Considerations accrued up to that moment.
Appears in 2 contracts
Samples: License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater), License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater)
Contractor Consideration. The Contractor Contractor’s Consideration for any given Month shall consist of the onerous transfer of the Net Hydrocarbons corresponding to that Month. The transfer shall only be made if the Contractor is up to date with its payments of the State ConsiderationsState’s Considerations , as provided in Article16.2Clause 16.2, from the Effective Date up to the preceding Month. The transfer of the first volume of Net Hydrocarbons shall only be made if the Contractor is up to date with its payments of the State State’s Considerations accrued up to that moment.
Appears in 1 contract
Samples: License Contract for the Extraction of Hydrocarbons