Common use of Equipment and Facilities Furnished by Manager Clause in Contracts

Equipment and Facilities Furnished by Manager. The cost of machinery, equipment and facilities owned by the Manager and used in Operations or used to provide support or utility services to Operations charged at rates commensurate with the actual costs of ownership and operation of such machinery, equipment and facilities. Such rates shall not exceed the average commercial rates currently prevailing in the vicinity of the Operations.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Contango ORE, Inc.), Limited Liability Company Agreement

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Equipment and Facilities Furnished by Manager. The cost of machinery, equipment and facilities owned by the Manager and used in Operations or used to provide support or utility services to Operations charged at rates commensurate with the actual costs of ownership and operation of such machinery, equipment and facilities. Such rates shall not exceed the average commercial rates currently prevailing in the vicinity of the Operationsno less favourable than those reasonably available from arm's length third parties.

Appears in 1 contract

Samples: Joint Venture Agreement

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Equipment and Facilities Furnished by Manager. 2.4 The cost of machinery, equipment and facilities owned by the Manager and used in Operations or used to provide support or utility services to Operations charged at rental or lease rates commensurate with the actual costs of ownership and operation operations of such machinery, equipment and facilities. Such rates shall include costs of maintenance, repairs, other operating expenses, insurance, taxes, and depreciation but shall not exceed the average commercial rates currently prevailing in the vicinity of the Operationsbe greater than that which can be provided on a comparable basis by third parties.

Appears in 1 contract

Samples: Agreement (Sutcliffe Resources Ltd.)

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