Common use of Damages and Losses to Joint Property Clause in Contracts

Damages and Losses to Joint Property. All costs or expenses necessary for the repair or replacement of Joint Property resulting from damages or losses incurred by fire, flood, storm, theft, accident, or any other cause, except insofar as those costs and expenses are caused by the wilful misconduct of the Operator. The Operator shall furnish the Government and non-Operator(s) written notice of damages or losses for each damages or loss in excess of United States Dollars Fifty Thousand (U.S 50,000.00.) as soon as after the loss as practicable.

Appears in 4 contracts

Samples: Production Sharing Contract, Production Sharing Contract, Production Sharing Contract

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Damages and Losses to Joint Property. All costs or expenses necessary for the repair or replacement of Joint Property resulting from damages or losses incurred by fire, flood, storm, theft, accident, or any other cause, except insofar as those costs and expenses are caused by the wilful misconduct of the Operator. The Operator shall furnish the Federal Government and nonNon-Operator(soperator(s) written notice of damages or losses for each damages damage or loss in excess of United States Dollars Fifty Thousand fifty thousand US dollars (U.S 50,000.00.USD 50,000) as soon as after the loss as practicablehas come to the notice of the Contractor.

Appears in 2 contracts

Samples: Production Sharing Agreement, Production Sharing Agreement

Damages and Losses to Joint Property. 2.6.1. All costs or expenses necessary for the repair or replacement of Joint Property resulting from damages or losses incurred by fire, flood, storm, theft, accident, or any other cause, except insofar as those costs and expenses are caused by the wilful misconduct of the Operator. The Operator shall furnish the Government and non-Operator(s) written notice of damages or losses for each damages or loss in excess of United States Dollars Fifty Thousand (U.S 50,000.00.) as soon as after the loss as practicable.

Appears in 2 contracts

Samples: Production Sharing Contract (CAMAC Energy Inc.), Production Sharing Contract (CAMAC Energy Inc.)

Damages and Losses to Joint Property. All costs or expenses necessary for the repair or replacement of Joint Property resulting from damages or losses incurred by fire, flood, storm, theft, accident, or any other cause, except insofar as those costs and expenses are caused by the wilful misconduct of the Operator. The Operator shall furnish the Federal Government and nonNon-Operator(soperator(s) written notice of damages or losses for each damages damage or loss in excess of United States Dollars Fifty Thousand fifty thousand US dollars (U.S 50,000.00.US $50,000) as soon as after the loss as practicablehas come to the notice of the Contractor.

Appears in 1 contract

Samples: Production Sharing Agreement

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Damages and Losses to Joint Property. All costs or expenses necessary for the repair or replacement of Joint Property resulting from damages or losses incurred by fire, flood, storm, theft, accident, or any other cause, except insofar as those costs and expenses are caused by the wilful misconduct of the Operator. The Operator shall furnish the Government and non-Operator(s) written notice of damages or losses for each damages or loss in excess of United States Dollars Fifty Thousand (U.S 50,000.00.) as soon as after the loss as practicable. 2.7.

Appears in 1 contract

Samples: Production Sharing Contract (CAMAC Energy Inc.)

Damages and Losses to Joint Property. 2.6.1. All costs or expenses necessary for the repair or replacement of Joint Property joint property resulting from damages or losses incurred by fire, flood, storm, theft, accident, or any other cause, except insofar as those costs and expenses are caused by the wilful misconduct of the Operatoroperator. The Operator operator shall furnish the Government and non-Operator(soperator(s) written notice of damages or losses for each damages or loss in excess of United States Dollars Fifty Thousand fifty thousand U.S. dollars (U.S 50,000.00.U.S. $50,000) as soon as after the loss as practicable.

Appears in 1 contract

Samples: Production Sharing Contract

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