Common use of No Taxes on Abandonment Fund Clause in Contracts

No Taxes on Abandonment Fund. No Taxes, levies, duties or fees shall be imposed on the amounts paid into, received or earned by or held in the Abandonment Fund. Any excess amounts distributed in accordance with Sub-article 29.11 will be included in Parties’ gross revenues.

Appears in 4 contracts

Samples: Production Sharing Contract, Production Sharing Contract, Production Sharing Contract (Kosmos Energy Ltd.)

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No Taxes on Abandonment Fund. No Taxes, levies, duties or fees shall be imposed on the amounts paid into, received or earned by or held in the Abandonment Fund. Any excess amounts distributed in accordance with Sub-article 29.11 Article 30.11 will be included in Parties' gross revenues.

Appears in 1 contract

Samples: Production Sharing Contract

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