Common use of Credits under the Agreement Clause in Contracts

Credits under the Agreement. The net proceeds of the following transactions will be credited to the accounts under the Agreement: a) the net proceeds of any insurance or claim in connection with Petroleum Operations or any assets charged to the accounts under the Agreements when such operations or assets were insured and the premia charged to the accounts under the Agreement; b) revenue received from third parties for the use of property or assets charged to the accounts under this Agreement; c) any adjustment from the suppliers or manufacturers or their agents in connection with a defective equipment or material the cost of which was previously charged to the account under the Agreement; d) the proceeds received for inventory materials previously charged to the account under the Agreement and subsequently exported from the Republic of Ghana or transferred or sold to third parties without being used in the Petroleum Operations; e) rentals, refunds or other credits received which apply to any charge which has been made to the account under the Agreement, but excluding any award granted under arbitration or sole expert proceedings; f) the proceeds from the sale or exchange of plant or facilities from the Development and Production Area or plant or facilities the acquisition costs of which have been deducted in the AOE computation under Article 10for the relevant Development and Production Area; g) the proceeds derived from the sale or issue of any intellectual property the development costs of which were incurred pursuant to this Agreement; and h) the proceeds from the sale of any petroleum information derived from Petroleum Operations under this Agreement.

Credits under the Agreement. The net proceeds of the following transactions will be credited to the accounts under the Agreement: a) the net proceeds of any insurance or claim in connection with Petroleum Operations or any assets charged to the accounts under the Agreements when such operations Petroleum Operations or assets were insured and the premia charged to the accounts under the Agreement; b) revenue received from third parties for the use of property or assets charged to the accounts under this Agreement; c) any adjustment from the suppliers or manufacturers or their agents in connection with a defective equipment or material the cost of which was previously charged to the account under the Agreement; d) the proceeds received for inventory materials imported previously charged to the account under the Agreement and subsequently exported from the Republic of Ghana or transferred or sold to third parties without being used in the Petroleum Operations; e) rentals, refunds or other credits received which apply to any charge which has been made to the account under the Agreement, but excluding any award granted under arbitration or sole expert proceedings; f) the proceeds from the sale or exchange of plant or facilities from the Development and Production Area or plant or facilities the acquisition costs of which have been deducted in the AOE computation under Article 10for for the relevant Development and Production Area;. g) the proceeds derived from the sale or issue of any intellectual property the development costs cost of which were incurred pursuant to this Agreement; and; h) the proceeds from the sale sate of any petroleum information derived from Petroleum Operations under this Agreement.

Credits under the Agreement. The net proceeds of the following transactions will be credited to the accounts under the Agreement: a) the net proceeds of any insurance or claim in rn connection with Petroleum Operations or any assets charged to the accounts under the Agreements when such operations or assets were insured and the premia premix charged to the accounts under the Agreement; b) revenue received from third parties for the use of property or assets charged to the accounts under this Agreement; c) any adjustment from the suppliers or manufacturers or their agents in connection with a defective equipment or material the cost of which was previously charged to the account under the Agreement; d) the proceeds received for inventory materials previously charged to the account under the Agreement and subsequently exported from the Republic of Ghana or transferred or sold to third parties without being used in the Petroleum Operations; e) rentalsrentals , refunds or other credits received which apply to any charge which has been made to the account under the Agreement, but excluding any award granted under arbitration or sole expert Sole Expert proceedings; f) ; 0 the proceeds from the sale or exchange of plant or facilities from the Development and Production Area or plant or facilities the acquisition costs of which have been deducted in the AOE computation under Article 10for of FAP, SAP, TAP, ZAP or HAP for the relevant Development and Production Area; g) the proceeds derived from the sale or issue of any intellectual property the development costs of which were incurred pursuant to this Agreement; and h) 10 the proceeds from the sale of any petroleum information derived from Petroleum Operations under this Agreement.