Disposal of Equipment and Material. The Operator shall not dispose of or sell Material with book value exceeding Ten Thousand U.S. dollars (U.S. $10,000) without the prior consent of the Parties. The Operator shall use all reasonable endeavor to minimize losses in the disposal of or sales of such Material. Sales of properties to Third Parties or Affiliates shall be recorded in accordance with actual sales income. No guaranty or warranty for Material sold or disposed of under this Article shall be given by the Operator to any purchaser.
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Samples: Production Sharing Contract (Pacific Asia China Energy Inc.), Petroleum Contract (MIE Holdings Corp), Petroleum Contract (MIE Holdings Corp)
Disposal of Equipment and Material. The Operator shall not dispose of or sell Material with book value exceeding Ten Twenty Thousand U.S. dollars (U.S. $10,00020,000) without the prior consent of the Parties. The Operator shall use all reasonable endeavor endeavors to minimize losses in the disposal of or sales of such Material. Sales of properties to Third Parties or Affiliates shall be recorded in accordance with actual sales income. No guaranty or warranty for Material sold or disposed of under this Article shall be given by the Operator to any purchaser.
Appears in 3 contracts
Samples: Production Sharing Contract, Production Sharing Contract (Far East Energy Corp), Production Sharing Contract (Far East Energy Corp)
Disposal of Equipment and Material. The Operator shall not dispose of or sell Material with book value exceeding Ten Thousand U.S. dollars (U.S. $10,000) without the prior consent of the Parties. , The Operator shall use all reasonable endeavor to minimize losses in the disposal of or sales of such Material. Sales of properties to Third Parties or Affiliates shall be recorded in accordance with actual sales income. No guaranty or warranty for Material sold or disposed of under this Article shall be given by the Operator to any purchaser.
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Disposal of Equipment and Material. The Operator shall not dispose of or sell Material with book value exceeding Ten Twenty Thousand U.S. dollars (U.S. $10,00020,000) without the prior consent of the Parties. The Operator shall use all reasonable endeavor to minimize losses in the disposal of or sales of such Material. Sales of properties to Third Parties or Affiliates shall be recorded in accordance with actual sales income. No guaranty or warranty for Material sold or disposed of under this Article shall be given by the Operator to any purchaser.
Appears in 1 contract
Samples: Production Sharing Contract (Pacific Asia Petroleum Inc)
Disposal of Equipment and Material. The Operator shall not dispose of or sell Material with book value exceeding Ten Thousand U.S. dollars Dollars (U.S. $10,000) without the prior consent of the Parties. The Operator shall use all reasonable endeavor to minimize losses in the disposal of or sales of such Material. Sales of properties to Third Parties third parties or Affiliates shall be recorded in accordance with actual sales income. No guaranty or warranty for Material sold or disposed of under this Article shall be given by the Operator to any purchaser.
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