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Common use of Material Clause in Contracts

Material. Cost, net of discounts taken by Operator, of Material purchased or furnished by Operator. Such costs shall include, but are not limited to, export brokers’ fees, transportation charges, loading, unloading fees, export and import duties and license fees associated with the procurement of Material and in-transit losses, if any, not covered by insurance. So far as it is reasonably practical and consistent with efficient and economical operation, only such Material shall be purchased for, and the cost thereof charged to, the Joint Account as may be required for immediate use.

Appears in 5 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement (BPZ Resources, Inc.), Joint Operating Agreement (Kosmos Energy Ltd.)

Material. Cost, net of discounts taken by Operator, of Material purchased or furnished by Operator. Such costs shall will include, but are not limited to, export brokers’ fees, transportation charges, loading, unloading fees, export and import duties and license licence fees associated with the procurement of Material and in-transit losses, if any, not covered by insurance. So far as it is reasonably practical and consistent with efficient and economical operation, only such Material shall as may be purchased forrequired for immediate use will be purchased, and the cost thereof charged to, the Joint Account as may be required for immediate useAccount.

Appears in 3 contracts

Samples: Association Contract for Joint Exploration and Exploitation of Hydrocarbons, Association Contract for Joint Exploration and Exploitation of Hydrocarbons, Association Contract for Joint Exploration and Exploitation of Hydrocarbons

Material. Cost, net of discounts taken by Operator, of Material purchased or furnished by Operator. Such costs shall include, but are not limited to, export brokers' fees, transportation charges, loading, unloading fees, export and import duties and license fees associated with the procurement of Material and in-transit losses, if any, not covered by insurance. So far as it is reasonably practical and consistent with efficient and economical operation, only such Material shall be purchased for, and the cost thereof charged to, the Joint Account as may be required for immediate use.

Appears in 3 contracts

Samples: Joint Operating Agreement, International Operating Agreement (Seven Seas Petroleum Inc), International Operating Agreement (Radial Energy, Inc.)

Material. Cost, net of discounts taken by Operator, if applicable of Material Materials purchased or furnished by Operator. Such costs shall include, but are not limited to, export brokers’ broker’s fees, transportation charges, loading, unloading fees, export and import duties and license fees associated with the procurement of Precious Mineral Material and in-in transit losses, if any, not covered by insurance. So far as it is reasonably practical and consistent with efficient and economical operation, only such Precious Mineral Material shall be purchased for, for and the cost thereof charged to, the Joint Project Account as may be required for immediate use.

Appears in 3 contracts

Samples: Joint Venture & Partnership Agreement (Guskin Gold Corp.), Joint Venture & Partnership Agreement (Guskin Gold Corp.), Joint Venture & Partnership Agreement (Guskin Gold Corp.)

Material. Cost, net of discounts taken by Operator, of Material purchased or furnished by Operator. Such costs shall include, but are not limited to, export brokers’ broker’s fees, transportation charges, loading, unloading fees, export and import duties and license licence fees associated with the procurement of Material and in-in transit losses, if any, not covered by insurance. So far as it is reasonably practical and consistent with efficient and economical operation, only such Material shall be purchased for, for and the cost thereof charged to, the Joint Account as may be required for immediate use.

Appears in 2 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement (Kosmos Energy Ltd.)

Material. Cost, Cost net of for discounts taken by Operator, of Material purchased or furnished by Operator. Such costs shall include, but are not limited to, export brokers' fees, transportation charges, loading, unloading fees, export and import duties and license fees associated with the procurement of Material and in-transit losses, if any, not covered by insurance. So far as it is reasonably practical and consistent with efficient and economical operation, only such Material shall be purchased for, and the cost thereof charged to, the Joint Account as may be required for immediate use.

Appears in 1 contract

Samples: Operating Agreement (Transatlantic Petroleum Corp)