Common use of Indirect Charge for Projects Clause in Contracts

Indirect Charge for Projects. As to major projects (such as, but not limited to pipelines, gas reprocessing an processing plants, final loading and terminating facilities, and dismantling for decommissioning of platforms and related facilities) when the estimated cost of each project amounts to more than US$50,000,000 a separate indirect charge for such project shall be approved by the Operating Committee at the time of approval of the project. During its process of winding-up Joint Operations Operator shall have the right to charge the greater of the sliding scale percentage rate or the minimum indirect charge for a period of twenty-four (24) months. If the winding-up process continues beyond the end of such period, the charge shall be confined to and based upon the sliding scale percentage rate. Notwithstanding the foregoing, the indirect rates and related calculation method for development operations, production operations, and dismantling for decommissioning of platforms and related facilities shall be agreed upon by the Operating Committee prior to the submission of the first annual budget for those phase of operations.

Indirect Charge for Projects. As to major projects (such as, but not limited to to, pipelines, gas reprocessing an and processing plants, final loading and terminating terminalling facilities, and dismantling for decommissioning of platforms and related facilities) when the estimated cost of each project amounts to more than US$50,000,000 U.S. $ 25,000,000, a separate indirect charge for such project shall be approved by the Operating Committee at the time of approval of the project. During its process of winding-up Joint Operations Operator shall have the right to charge the greater of the sliding scale percentage rate or the minimum indirect charge for a period of twenty-four (24) months. If the winding-up process continues beyond the end of such period, the charge shall be confined to and based upon the sliding scale percentage rate. Notwithstanding the foregoing, the indirect rates and related calculation method for development operations, production operations, and dismantling for decommissioning of platforms and related facilities shall be agreed upon by the Operating Committee prior to the submission of the first annual budget for those phase phases of operations.

Indirect Charge for Projects. As to major projects (such as, but not limited to to, pipelines, gas reprocessing an and processing plants, final loading and terminating terminaling facilities, and dismantling for decommissioning of platforms and related facilities) when the estimated cost of each project amounts to more than US$50,000,000 U.S. $ 100,000 a separate indirect charge for such project shall be approved by the Operating Committee Committee” or “Parties”) at the time of approval of the project. During its process of winding-up Joint Operations Operator shall have the right to charge the greater of the sliding scale percentage rate or the minimum indirect charge for a period of twenty-twenty four (24) months. If the winding-up process continues beyond the end of such period, the charge shall be confined to and based upon the sliding scale percentage rate. rate in Section 3.2.2.. Notwithstanding the foregoing, the indirect rates and related calculation method for development operations, production operations, and dismantling for decommissioning of platforms and related facilities shall be agreed upon by the Operating Committee prior to the submission of the first annual budget for those phase phases of operations.

Indirect Charge for Projects. As to Regarding major projects (such as, but not limited to including pipelines, gas reprocessing an and processing plants, final loading and terminating terminalling facilities, and dismantling for decommissioning of platforms and related facilities) ), when the estimated cost of each project amounts to more than US$50,000,000 U.S. $25,000,000, a separate indirect charge for such the project shall be approved by the Operating Committee at the time of approval of the project. During its process of winding-up winding‑up Joint Operations Operations, Operator shall have the right to charge the greater of the sliding scale percentage rate or the minimum indirect charge for a period of twenty-four twenty‑four (24) months. If the winding-up winding‑up process continues beyond the end of such the period, then the charge shall be confined to and based upon the sliding scale percentage rate. Notwithstanding the foregoing, the Operating Committee must approve of the Operator’s indirect rates and related calculation method for development operations, production Production operations, and dismantling for decommissioning of platforms and related facilities shall be agreed upon by the Operating Committee prior to before the submission of the first annual budget for those phase phases of operations.