Common use of Contractor Entitlement Clause in Contracts

Contractor Entitlement. The amounts to be paid to each Contractor for its share of the LNG resulting from the liquefaction of Natural Gas to be supplied under this Supply Agreement shall be its Production Sharing Percentage of the Producers' Percentage of the sum of: (a) all amounts to be paid by Buyer to PERTAMINA for LNG sold and delivered under the MOA; (b) all other amounts which Buyer shall become obligated to pay pursuant to the MOA with regard to deliveries of LNG thereunder including, but not limited to, any interest accruing on overdue invoice payments; (c) amounts payable by insurers in respect of LNG resulting from the liquefaction of the VICO Contract Gas and the Other Contract Gas; and (d) interest earned on any of the amounts referred to in this Section 6.1.

Appears in 2 contracts

Samples: Supply Agreement (Unimar Co), Supply Agreement (Union Texas Petroleum Holdings Inc)

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Contractor Entitlement. The amounts to be paid to each Contractor for its share of the LNG resulting from the liquefaction of Natural Gas to be supplied under this Supply Agreement shall be its Production Sharing Percentage of the Producers' Percentage of the sum of: (a) all amounts to be paid by Buyer to PERTAMINA for LNG sold and delivered under the MOA; (b) all other amounts which Buyer shall become obligated to pay pursuant to the MOA with regard to deliveries of LNG thereunder including, but not limited to, to any interest accruing on overdue invoice payments; (c) amounts payable by insurers in respect of LNG resulting from the liquefaction of the VICO Contract Gas and the Other Contract Gas; and (d) interest earned on any of the amounts referred to in this Section 6.1.

Appears in 2 contracts

Samples: Supply Agreement (Unimar Co), Supply Agreement (Union Texas Petroleum Holdings Inc)

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