Common use of Damages and Losses to Property Clause in Contracts

Damages and Losses to Property. (1) All costs or expenditures necessary to replace or repair damages or losses incurred by fire, flood, storm, theft, accident, or any other cause will be chargeable to the Joint Account. Operator must furnish Non-Operators notice of major damages or losses incurred in excess of $250,000 USD as soon as practicable after a report of the same has been received by the Operator. All losses in excess of $250,000 USD shall be listed separately in the monthly statement of costs and expenditures.

Damages and Losses to Property. (1) 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 will shall be chargeable to the Joint Account. Operator must shall furnish Non-Operators written notice of major damages or losses incurred in excess of U.S. $250,000 USD 500,000 as soon as practicable practical after a report of the same has been received by the Operator. All losses in excess of U.S. $250,000 USD 500,000 shall be listed separately in the monthly statement of costs and expenditures.

Damages and Losses to Property. (1) 2.6.1 All costs or expenditures necessary to replace or repair damages or losses to Joint Property incurred by fire, flood, storm, theft, accident, or any other cause will shall be chargeable to the Joint Account. Operator must shall furnish Non-Operators written notice of major damages or losses incurred in excess of $250,000 USD two hundred fifty thousand U.S. dollars (U.S.$250,000) as soon as practicable practical after a report of the same has been received by the Operator. All losses in excess of $250,000 USD shall be listed separately in the monthly statement of costs and expenditures.

Damages and Losses to Property. (1) All 2.10.1 Operator may charge the Joint Account for all costs or expenditures necessary to replace or repair damages or losses incurred by fire, flood, storm, theft, accident, or any other cause will be chargeable to the Joint Accountcause. Operator must shall furnish Non-Operators written notice of major damages or losses incurred in excess of which are more than U.S. $250,000 USD 500,000 as soon as practicable practical after a report of the same has been received by the Operator. All losses in excess of which are more than U.S. $250,000 USD 500,000 shall be listed separately in the monthly Calendar Month statement of costs and expenditures.

Damages and Losses to Property. (1) 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 will shall be chargeable to the Joint Account. Operator must shall furnish Non-Operators written notice of major damages or losses incurred in excess of U.S. $250,000 USD 10,000 as soon as practicable practical after a report of the same has been received by the Operator. All losses in excess of $250,000 USD U.S. $ 10,000 shall be listed separately in the monthly statement of costs and expenditures.

Damages and Losses to Property. (1A) All costs or expenditures necessary to replace or repair damages or losses incurred by fire, flood, storm, theft, accident, or any other cause will shall be chargeable to the Joint Account. Operator must shall furnish Non-Operators written notice of major damages or losses incurred in excess of U.S. $250,000 USD 50,000 as soon as practicable practical after a report of the same has been received by the Operator. All losses in excess of U.S. $250,000 USD 50,000 shall be listed separately in the monthly statement of costs and expenditures.