Common use of Damages and Losses to Property Clause in Contracts

Damages and Losses to Property. 2.9.1 All costs or expenditures necessary to replace or repair damages or losses incurred by fire, flood, storm, theft, accident, or any other cause. Operator shall furnish Non-Operator written notice of damages or losses incurred in excess of US$500,000 as soon as practical after report of the same has been received by Operator.

Damages and Losses to Property. 2.9.1 All costs or and expenditures necessary to replace or repair damages damage or losses incurred by fire, flood, storm, theft, accident, or any other cause. Operator shall furnish Non-Operator Operators with written notice of damages such damage or losses incurred in excess of US$500,000 fifty thousand Dollars ($50,000) as soon as practical practicable after report of the same has been received by Operator. All losses in excess of fifty thousand Dollars ($50,000) shall be listed separately in the monthly statement of costs and expenditures.

Damages and Losses to Property. 2.9.1 All costs or and expenditures necessary to replace or repair damages damage or losses incurred by fire, flood, storm, theft, accident, or any other cause. Operator shall furnish Non-Operator Operators with written notice of damages such damage or losses incurred in excess of US$500,000 fifty thousand Dollars ($50,000) as soon as practical practicable after report of the same has been received by Operator, AH losses in excess of fifty thousand Dollars ($50,000) shall be listed separately in the monthly statement of costs and expenditures.

Damages and Losses to Property. 2.9.1 All costs or expenditures necessary to replace or repair damages or losses incurred by fire, flood, storm, theft, accident, or any other cause. Operator shall furnish Non-Operator written notice of damages or losses incurred in excess of US$500,000 500,00 as soon as practical after report of the same has been received by Operator.