For Crude Oil Sample Clauses

For Crude Oil. (a) multiply the total quantity of Crude Oil produced from Operating Area by a fraction the numerator of which is the total quantity of domestic Crude Oil to be supplied and the denominator is the entire Indonesian production of Crude Oil of all petroleum companies; (b) compute *** percent (***%) of total quantity of Crude Oil produced from the Operating Area; (c) multiply the lower quantity computed, either under point (a) or point (b) by the resultant percentage of PARTNER’s share as provided under clause 5.1.3 of SECTION V hereof; The quantity of Crude Oil calculated under point (c) shall be the quantity to be supplied by PARTNER in any Year pursuant to this clause, and deficiencies, if any, shall not be carried forward to any subsequent Year; provided that if for any Year the recover-able Operating Costs exceed the difference of total sales proceeds of Crude Oil produced and sold hereunder as provided under SECTION V hereof, PARTNER shall be relieved from this supply obligation for such Year; The price at which such Crude Oil be delivered and sold under this clause shall be *** percent (***%) of the price as determined under clause 5.1.2 hereof; PARTNER shall not be obligated to transport such Crude Oil beyond the Point of Export/Sale/Lifting but upon request of PERTAMINA EP, PARTNER shall assist in arranging transportation and such assistance shall be without costs or risk to PARTNER; Notwithstanding the foregoing, for the period of *** starting the month of the first delivery of Crude Oil produced and sold from Operating Area, the price per Barrel for the quantity of Crude Oil supplied to the domestic market from the Operating Area shall be equal to the price determined in accordance with clause 5.1.2 of hereof for Crude Oil taken for the recovery of Operating Costs.
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For Crude Oil. (a) In the case of Arm’s Length Sales (as defined herein below) of Crude Oil by the Lessee to Independent Third Parties: the price shall be the price free on board at the place of loading, ("FOB Greece Point of Delivery") actually realised by the Lessee provided that the said price is true and reasonable. A price shall be considered reasonable if it does not unduly differ from the official selling price, as fixed from time to time by the major crude oil exporting countries for Crude Oil closest in quality to that produced and sold by the Lessee, after adjustment of such price to allow for variations in specific gravity, sulphur content, volumes, transportation costs and terms of sale (the "Official Price"). In the event of Cost Insurance Freight (CIF) sales appropriate deductions shall be made for applicable insurance and freight charges to calculate the FOB Greece Point of Delivery price. (i) In the case of sales by the Lessee to Affiliate Enterprises and in the case of quantities retained by the Lessee for its own refining or use, and for any Crude Oil received in kind by the Lessor: the average weighted price, free on board (FOB) at the place of loading, in each Calendar Quarter, as established by Arm’s Length Sales of similar types of Crude Oil effected during such quarter from the production of the Contract Area by the Lessee to Independent Third Parties and by the Lessor to third parties (ii) If, during any Calendar Quarter, no Arm’s Length Sales of any type of Crude Oil have been made by the Lessee to Independent Third Parties, nor by the Lessor to third parties, other than to legal entities, directly or indirectly controlled by the State or other states price shall be the Official Price. (c) In the event that, for the purposes of paragraphs (a) and (b) of this Article 16.1 the Parties cannot ascertain the Official Price of the Crude Oil produced and sold then the price shall be as determined in accordance with paragraph (e) of this Article 16.1 for Crude Oil which, at the time of calculation, is being freely and actively traded in the international market and has similar characteristics (such as, by way of example only, specific gravity and sulphur content) to the Crude Oil in respect of which the price is being determined (the "Marker Crude"). The FOB selling price for the Marker Crude shall be ascertained from Platts Crude Oil Market Wire daily publication ("Platts"). (d) In the event the Parties fail to agree upon the identity of the Marker Crud...
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For Crude Oil fifty percent (50%) of the gross monthly production of Crude Oil produced from each well on the Lands classified by the appropriate regulatory authority as an oil well (excluding basic sediment and water); and
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Related to For Crude Oil

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  • Delivery Points ‌ Project water made available to the Agency pursuant to Article 6 shall be delivered to the Agency by the State at the delivery structures established in accordance with Article 10.

  • Interconnection Customer (1) Interconnection Customer shall construct and, unless otherwise indicated, shall own, the following Interconnection Facilities: None (2) In the event that, in accordance with the Interconnection Construction Service Agreement, Interconnection Customer has exercised the Option to Build, it is hereby permitted to build in accordance with and subject to the conditions and limitations set forth in that Section, the following portions of the Transmission Owner Interconnection Facilities which constitute or are part of the Customer Facility: None Ownership of the facilities built by Interconnection Customer pursuant to the Option to Build shall be as provided in the Interconnection Construction Service Agreement.

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  • Transportation Services i) In the event that transportation services for a student served by CONTRACTOR pursuant to an Individual Services Agreement are to be provided by a party other than CONTRACTOR or the LEA or its transportation providers, such services shall be reflected in a separate agreement signed by the parties hereto, and provided to the LEA and SELPA Director by the CONTRACTOR. Except as provided below, CONTRACTOR shall compensate the transportation provider directly for such services, and shall charge the LEA for such services at the actual and reasonable rates billed by the transportation provider, plus a ten percent (.

  • Interconnection Customer Provided Services The services provided by Interconnection Customer under this LGIA are set forth in Article 9.6 and Article 13.5. 1. Interconnection Customer shall be paid for such services in accordance with Article 11.6.

  • PRODUCER Subject to the terms of this Agreement, including Section 18.8, Producer shall release, indemnify, defend, and hold harmless Processor and its Affiliates, directors, officers, employees, agents, consultants, representatives, and invitees from and against all claims and losses arising out of or relating to (i) the operations of Producer and (ii) any breach of this agreement by Producer.

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

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  • Transport The Parents consent to the Pupil travelling by any form of public transport and / or in a motor vehicle driven by a responsible adult who is duly licensed and insured to drive a vehicle of that type.

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