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