ENTITLEMENT SHARE TO TOTAL PRODUCTION Sample Clauses

ENTITLEMENT SHARE TO TOTAL PRODUCTION. 1.1 Not less than ten (10) days prior to the beginning of Calendar Quartern the Operating Company shall provide to the State (with a copy to each of the then parties to the Shah Xxxxx XXX) a statement of the Production Entitlement Shares applicable during such Calendar Quartern, as calculated in accordance with the provisions of paragraphs 1.2 to 1.4 (inclusive) below. Total Production in Calendar Quartern shall be split between Contractor and the State in accordance with the Contractor Production Entitlement Share and the State Production Entitlement Share, respectively, for such Calendar Quartern. For the avoidance of doubt, when applying the Contractor Production Entitlement Share in order to determine the split of Total Production (between the State and Contractor) in any given Calendar Quarter, such Contractor Production Entitlement Share shall be applied evenly to quantities of both Natural Gas and Crude Oil, such that, the proportion of (a) Natural Gas and (b) Crude Oil, received by Contractor is the same.
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