Common use of Costs and Revenues to be Apportioned Clause in Contracts

Costs and Revenues to be Apportioned. (a) Subject to Sections 7.1(b) and 7.1(c), below and except as otherwise provided in this Agreement, all costs and expenses relating to the Assets (including maintenance, development, capital and operating costs) and all revenues relating to the Assets (including proceeds from the sale of production and fees from processing, treating or transporting Petroleum Substances on behalf of Third Parties) shall be apportioned as of the Effective Time between Vendor and Purchaser on an accrual basis in accordance with generally accepted accounting principles, provided that:

Costs and Revenues to be Apportioned. (a) Subject to Sections 7.1(b) and 7.1(c)) below, below and except as otherwise provided in this Agreement, all costs and expenses relating to the Assets (including maintenance, development, capital and operating costs) and all revenues relating to the Assets (including proceeds from the sale of production and fees from processing, treating or transporting Petroleum Substances on behalf of Third Parties) shall be apportioned as of the Effective Time between Vendor and Purchaser on an accrual basis in accordance with generally accepted accounting principles, provided that:

Costs and Revenues to be Apportioned. (a) Subject to Sections paragraph 7.1(b) and 7.1(c), below and except as otherwise provided in this Agreement, all costs and expenses relating to the Assets (including including, without limitation, maintenance, development, capital and operating costs) and all revenues relating to the Assets (including including, without limitation, proceeds from the sale of production and fees from processing, treating or transporting Petroleum Substances on behalf of Third Parties) shall be apportioned as of the Effective Time Date between Vendor and Purchaser on an accrual basis in accordance with generally accepted accounting principles, provided that: