Common use of Costs and Payment Clause in Contracts

Costs and Payment. The Managing Partner shall keep a full and complete account of all costs and expenses incurred by it in connection with the operation and maintenance of each Processing Facility in accordance with the Accounting Procedures included in the Construction and Operation Agreement (hereafter defined) (the "ACCOUNTING PROCEDURES"). The Partners shall provide funds for all costs incurred in connection with the operation and maintenance of the Processing Facility in accordance with ARTICLE 0 of this Agreement.

Appears in 1 contract

Samples: General Partnership Agreement (Offshore Energy Development Corp)

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Costs and Payment. The Managing Partner shall keep a full and complete accurate account of all costs and expenses incurred by it in connection with the operation planning, design, construction, testing and maintenance placing in service of each Processing Facility Partnership facilities in accordance with the Accounting Procedures included in the Construction and Operation Agreement (hereafter defined) (the "ACCOUNTING PROCEDURES")Procedures. The Partners Partnership shall provide funds for all such costs incurred in connection with the operation and maintenance expenses of the Processing Facility any additional facilities in accordance with ARTICLE 0 5 of this Agreement.

Appears in 1 contract

Samples: General Partnership Agreement (Offshore Energy Development Corp)

Costs and Payment. The Managing Partner shall keep a full and complete account of all costs and expenses incurred by it in connection with the operation and maintenance of each Processing Facility the Gathering System in accordance with the Accounting Procedures included in the Construction and Operation Agreement (hereafter defined) procedures attached as EXHIBIT C (the "ACCOUNTING PROCEDURES"). The Partners shall provide funds for all costs incurred in connection with the operation and maintenance of the Processing Facility Gathering System in accordance with ARTICLE 0 5 of this Agreement.

Appears in 1 contract

Samples: General Partnership Agreement (Offshore Energy Development Corp)

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Costs and Payment. The Managing Partner shall keep a full and complete accurate account of all costs and expenses incurred by it in connection with the operation planning, design, construction, testing and maintenance placing in service or acquisition of each Processing Facility Partnership facilities in accordance with the Accounting Procedures included in the Construction and Operation Agreement (hereafter defined) (the "ACCOUNTING PROCEDURES")Procedures. The Partners Partnership shall provide funds for all such costs incurred in connection with the operation and maintenance of the Processing Facility expenses in accordance with ARTICLE 0 of this Agreement.

Appears in 1 contract

Samples: General Partnership Agreement (Offshore Energy Development Corp)

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