Common use of Cost Recovery Control Account Clause in Contracts

Cost Recovery Control Account. CONTRACTOR will establish a Cost Recovery Control Account and an off-setting contra account to control therein the amount of cost remaining to be recovered, if any, the amount of cost recovered and the value of Excess Cost Recovery Petroleum, if any.

Appears in 8 contracts

Samples: Concession Agreement (Transglobe Energy Corp), Concession Agreement, Concession Agreement

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Cost Recovery Control Account. CONTRACTOR will shall establish a Cost Recovery Control Account and an off-setting contra account to control therein therein, the amount of cost remaining to be recovered, if any, the amount of cost recovered and the value of Excess excess Cost Recovery Petroleum, if any.

Appears in 1 contract

Samples: Concession Agreement

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Cost Recovery Control Account. CONTRACTOR will shall establish a Cost Recovery Control Account and an off-setting contra account to control therein therein, the amount of cost remaining to be recovered, if any, the amount of cost recovered and the value of Excess Cost Recovery PetroleumRecovery, if any.

Appears in 1 contract

Samples: Concession Agreement

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