Common use of Direct Charges Clause in Contracts

Direct Charges. Paltar shall charge the Operating Account with all costs and expenditures incurred by Paltar for the conduct of Operations. Charges for services normally provided by an operator such as those contemplated in clauses 2.7.2 and 2.7.3 which are provided by Paltar’s Affiliate shall reflect the cost to the Affiliate, excluding profit, for performing such services, except as otherwise provided in clause 2.6 and clause 2.7.1. Charges shall only be applied to the Operating Account to the extent such charges are reasonably incurred in the legitimate exercise of Operations under the Agreement and in bona fide arms-length transactions on commercial terms generally available in the market place. The costs and expenditures shall be recorded as required for the settlement of accounts between the Parties hereto in connection with the rights and obligations under this Agreement and for purposes of complying with the tax laws of the Country of Operations and of such other countries to which any of the Parties may be subject. Chargeable costs and expenditures may include, but are not limited to:

Direct Charges. Paltar shall charge the Operating Account with all costs and expenditures incurred by Paltar for the conduct of Operations. Charges for services normally provided by an operator such as those contemplated in clauses Clauses 2.7.2 and 2.7.3 which are provided by Paltar’s Affiliate shall reflect the cost to the Affiliate, excluding profit, for performing such services, except as otherwise provided in clause Clause 2.6 and clause Clause 2.7.1. Charges shall only be applied to the Operating Account to the extent such charges are reasonably incurred in the legitimate exercise of Operations under the Agreement and in bona fide arms-length transactions on commercial terms generally available in the market place. The costs and expenditures shall be recorded as required for the settlement of accounts between the Parties hereto in connection with the rights and obligations under this Agreement and for purposes of complying with the tax laws of the Country of Operations and of such other countries to which any of the Parties may be subject. Chargeable costs and expenditures may include, but are not limited to:

Direct Charges. Paltar shall charge the Operating Account with all costs and expenditures incurred by Paltar for the conduct of Operations. Charges for services normally provided by an operator such as those contemplated in clauses Clauses 2.7.2 and 2.7.3 which are provided by Paltar’s Affiliate shall reflect the cost to the Affiliate, excluding profit, for performing such services, except as otherwise provided in clause 2.6 and clause 2.7.1. Charges shall only be applied to the Operating Account to the extent such charges are reasonably incurred in the legitimate exercise of Operations under the Agreement and in bona fide arms-length transactions on commercial terms generally available in the market place. The costs and expenditures shall be recorded as required for the settlement of accounts between the Parties hereto in connection with the rights and obligations under this Agreement and for purposes of complying with the tax laws of the Country of Operations and of such other countries to which any of the Parties may be subject. Chargeable costs and expenditures may include, but are not limited to:

Direct Charges. Paltar shall charge the Operating Account with all costs and expenditures incurred by Paltar for the conduct of Operations. Charges for services normally provided by an operator such as those contemplated in clauses 2.7.2 and 2.7.3 which are provided by PaltarPxxxxx’s Affiliate shall reflect the cost to the Affiliate, excluding profit, for performing such services, except as otherwise provided in clause 2.6 and clause 2.7.1. Charges shall only be applied to the Operating Account to the extent such charges are reasonably incurred in the legitimate exercise of Operations under the Agreement and in bona fide arms-length transactions on commercial terms generally available in the market place. The costs and expenditures shall be recorded as required for the settlement of accounts between the Parties hereto in connection with the rights and obligations under this Agreement and for purposes of complying with the tax laws of the Country of Operations and of such other countries to which any of the Parties may be subject. Chargeable costs and expenditures may include, but are not limited to: