Common use of Language, Units of Account and Exchange Rates Clause in Contracts

Language, Units of Account and Exchange Rates. (a) The Contractor shall maintain accounts in Tanzanian shillings and United States dollars; however, the United States dollar accounts will prevail in case of conflict. Metric units and barrels shall be employed for measurements required under the Agreement and this Annex. The language employed shall be English. [Where necessary for clarification the Contractor may also maintain accounts and records in other units of measurement and currencies].

Appears in 3 contracts

Samples: Sharing Agreement, Production Sharing Agreement, Sharing Agreement

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Language, Units of Account and Exchange Rates. (a) The Contractor Company shall maintain accounts in Tanzanian shillings and United States dollars; however, the United States dollar accounts will prevail in case of conflict. Metric units and barrels shall be employed for measurements required under the Agreement and this Annex. The language employed shall be English. [Where necessary for clarification the Contractor Company may also maintain accounts and records in other units of measurement and currencies].

Appears in 1 contract

Samples: Sharing Agreement

Language, Units of Account and Exchange Rates. (a) The Contractor shall maintain accounts in Tanzanian shillings and United States dollars; however, the United States dollar accounts will prevail in case of conflict. Metric units and barrels barrels, British thermal units (Btu) shall be employed for measurements required under the Agreement and this Annex. The language employed shall be English. [Where necessary for clarification the Contractor may also maintain accounts and records in other units of measurement and currencies].

Appears in 1 contract

Samples: Model Production Sharing Agreement

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Language, Units of Account and Exchange Rates. (a) The Contractor shall maintain accounts in Tanzanian shillings and United States dollars; however, the United States dollar accounts will prevail in case of conflict. Metric units, barrels and British thermal units and barrels (Btu) shall be employed for measurements required under the Agreement and this Annex. The language employed shall be English. [Where necessary for clarification the Contractor may also maintain accounts and records in other units of measurement and currencies].

Appears in 1 contract

Samples: Petroleum Agreement

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