Common use of FOURTH PARAGRAPH Clause in Contracts

FOURTH PARAGRAPH. The percentage shall cover internal services as well as services bought externally. The expenses covered by the percentage shall not be subject to any audit. Services of an extraordinary nature which are beneficial to one or several Joint Ventures within the scope of this Agreement shall be chargeable directly to the relevant Joint Ventures in addition to the percentage. If the expenses for services of an extraordinary nature are known at the time when the Technical Services Provider submits the budget proposal for the coming year, these expenses are to be included in the budget proposal. In all cases, the Operator shall be informed of any such expense in the monthly report. Extraordinary nature means work performed by the Corporate Staffs of a particularly large or unusual scope and not comprising work which forms part of the ordinary operation of one or several joint ventures (major investigations, reports and crisis management related to accidents and the like, the establishment of new group systems and other extraordinary activities). Expenses related to services of an extraordinary nature shall be documented by way of work description and may be subject to an audit. Expenses covered by this item 2.2.3 shall not be charged to the Joint Ventures in any other way.

FOURTH PARAGRAPH. The percentage shall cover internal services as well as services bought purchased externally. The expenses covered by the percentage shall not be subject to any audit. Services of an extraordinary nature which are beneficial to for one or several Joint Ventures joint ventures within the scope of this Agreement shall be chargeable directly to the relevant Joint Ventures joint ventures in addition to the percentage. If the expenses for services of an extraordinary nature are known at the time when the Technical Services Provider submits the budget proposal for the coming year, these expenses are to be included in the budget proposal. In all cases, the Operator shall be informed of any such expense expenses in the monthly report. Extraordinary nature means work performed by the Corporate Staffs of a particularly large or unusual scope and not comprising work which forms part of the ordinary operation of one or several joint ventures (major investigations, reports and crisis management related to accidents and the like, the establishment of new group systems and other extraordinary activities). Expenses related to services of an extraordinary nature shall be documented by way of work description and may be subject to an audit. Expenses covered by this item article 2.2.3 shall not be charged to the Joint Ventures joint ventures in any other way.