Common use of Contractor Facilities Clause in Contracts

Contractor Facilities. Contractor shall be responsible for the maintenance and repair of all facilities controlled and operated by Contractor within the Contract Area in connection with the Petroleum Operations ("Contractor Facilities"). Fees from Third Parties' access to Contractor Facilities shall be credited to the Petroleum Operations Account. SOCAR shall have the right to use excess capacity in Contractor Facilities provided such use does not interfere with or adversely affect Petroleum Operations. Third Parties may use such excess capacity on terms agreed with Contractor. Prior to Zero Balance the priority of use for Contractor Facilities shall be first Contractor, second Third Parties, and finally SOCAR. SOCAR shall pay a mutually agreed fee for such use to be credited to the petroleum Operations Account. After Zero Balance the priority shall be first Contractor, second SOCAR and finally Third Parties. SOCAR's use after Zero Balance shall be free of charge, except that maintenance of Contractor Facilities, for the time being not used by the Contractor and being utilized exclusively by SOCAR, shall be on terms to be mutually agreed. Notwithstanding anything to the contrary in this Contract, Contractor shall have the right to dispose of equipment and facilities which are either obsolete or are nearing the end of their useful economic life. Contractor shall notify SOCAR of its intention to dispose of any such equipment and facilities (except in the case of fixed assets to which the provisions of Article 14.2(d) shall apply). Unless SOCAR elects, within thirty (30) days to assume responsibility for and take delivery thereof, Contractor shall be free to dispose of any such equipment and facilities at the best price obtainable. Funds from such sales will be credited to the Petroleum Operations Account.

Appears in 2 contracts

Samples: Joint Development and Production Sharing Agreement, Joint Development and Production Sharing Agreement

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Contractor Facilities. Contractor shall be responsible for the maintenance and repair of all facilities controlled and operated by Contractor within the Contract Area in connection with the Petroleum Operations ("Contractor Facilities"). Fees from Third Parties' access to Contractor Facilities shall be credited to the Petroleum Operations Account. SOCAR shall have the right to use excess capacity in Contractor Facilities provided such use does not interfere with or adversely affect Petroleum Operations. Third Parties may use such excess capacity on terms agreed with Contractor. Prior to Zero Balance the priority of such use for of Contractor Facilities shall be first Contractor, second Third Parties, and finally SOCAR. SOCAR shall pay a mutually agreed fee for such use to be credited to the petroleum Petroleum Operations Account. After Zero Balance the priority shall be first Contractor, second SOCAR and finally Third Parties. SOCAR's use after Zero Balance shall be free of charge, except that maintenance of Contractor Facilities, for the time being not used by the Contractor and being utilized utilised exclusively by SOCAR, shall be on terms to be mutually agreed. Notwithstanding anything to the contrary in this ContractAgreement, Contractor shall have the right to dispose of equipment and facilities facilities, which are are, either obsolete or are nearing the end of their useful economic life. Contractor shall notify SOCAR of its intention to dispose of any such equipment and facilities (except in the case of fixed assets to which the provisions of Article 14.2(d) shall apply). Unless SOCAR elects, within thirty (30) days to assume responsibility for and take delivery thereof, Contractor shall be free to dispose of any such equipment and facilities at the best price obtainable. Funds from such sales will be credited to the Petroleum Operations Account. Notwithstanding any provision herein to the contrary, SOCAR and Contractor shall have equal priority to capacity in Contractor Facilities to transport Petroleum produced from the Contract Area in proportion to their rights to take Petroleum under this Agreement.

Appears in 1 contract

Samples: Exploration and Production Sharing Agreement

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Contractor Facilities. Contractor shall be responsible for the maintenance and repair of all facilities controlled and operated by Contractor within the Contract Area in connection with the Petroleum Operations ("Contractor Facilities"). Fees from Third Parties' access to Contractor Facilities shall be credited to the Petroleum Operations Account. SOCAR shall have the right to use excess capacity in Contractor Facilities provided such use does not interfere with or adversely affect Petroleum Operations. Third Parties may use such excess capacity on terms agreed with Contractor. Prior to Zero Balance the priority of such use for of Contractor Facilities shall be first Contractor, second Third Parties, and finally SOCAR. SOCAR shall pay a mutually agreed fee for such use to be credited to the petroleum Petroleum Operations Account. After Zero Balance the priority shall be first Contractor, second SOCAR and finally Third Parties. SOCAR's use after Zero Balance shall be free of charge, except that maintenance of Contractor Facilities, for the time being not used by the Contractor and being utilized exclusively by SOCAR, shall be on terms to be mutually agreed. Notwithstanding anything to the contrary in this ContractAgreement, Contractor shall have the right to dispose of equipment and facilities which are either obsolete or are nearing the end of their useful economic lifefacilities. Contractor shall notify SOCAR of its intention to dispose of any such equipment and facilities (except in the case of fixed assets to which the provisions of Article 14.2(d) shall apply). Unless SOCAR elects, within thirty (30) days days, to assume responsibility for and take delivery thereof, Contractor shall be free to dispose of any such equipment and facilities at the best price obtainable. Funds from such sales prior to Zero Balance will be credited to the Petroleum Operations AccountAccount and after Zero Balance will be credited to SOCAR’s account. Notwithstanding any provision herein to the contrary, SOCAR and Contractor shall have equal obyektləri/vasitələri (14.2(d) bəndinin müddəalarının şamil edildiyi əsas fondlar istisna olmaqla) satmaq niyyəti barəsində ARDNŞ-yə məlumat verir. Əgər otuz (30) gün ərzində ARDNŞ bu avadanlıqları və obyektləri/vasitələri öz balansına götürmürsə, Podratçının onları təklif edilən ən sərfəli qiymətə satmaq ixtiyarı vardır. Bu cür satışlardan əldə edilən vəsaitlər Sıfır balansı əldə edilənədək Neft-qaz əməliyyatları hesabına daxil edilir, Sıfır balansı isə əldə edildikdən sonra ARDNŞ-nin hesabına aid edilir. Bu sənədin müddəalarına zidd olmamaq şərtilə, ARDNŞ və Podratçı Kontrakt sahəsindən hasil edilən Karbohidrogenlərin daşınmasında Podratçının obyektlərindən/vasitələrindən istifadə etməkdə onların bu Saziş üzrə Karbohidrogenlər hasilatı götürmək hüquqlarına mütənasib olaraq Podratçı ilə eyni hüquqa malikdir. priority to capacity in Contractor Facilities to transport Petroleum produced from the Contract Area in proportion to their rights to take Petroleum under this Agreement.

Appears in 1 contract

Samples: Exploration, Development and Production Sharing Agreement

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