Common use of Material Purchased by Nation or its Affiliate Clause in Contracts

Material Purchased by Nation or its Affiliate. Proceeds received from disposed Material purchased by Nation or its Affiliate shall be credited to the Operating Account, with new Material valued in the same manner as new Material under clause 4.2.1 of this Accounting Procedure and used Material valued in the same manner as used Material under clause 4.2.2 of this Accounting Procedure, unless otherwise agreed by the Operating Committee.

Appears in 11 contracts

Samples: Earning Agreement (Nation Energy Inc), Earning Agreement (Nation Energy Inc), Earning Agreement (Nation Energy Inc)

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Material Purchased by Nation or its Affiliate. Proceeds received from disposed Material purchased by Nation or its Affiliate shall be credited to the Operating Account, with new Material valued in the same manner as new Material under clause Clause 4.2.1 of this Accounting Procedure and used Material valued in the same manner as used Material under clause Clause 4.2.2 of this Accounting Procedure, unless otherwise agreed by the Operating Committee.

Appears in 2 contracts

Samples: Earning Agreement (Nation Energy Inc), Earning Agreement (Nation Energy Inc)

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