Common use of OPERATOR'S FEE Clause in Contracts

OPERATOR'S FEE. 18.1 Before the Second Operative Date, the Optionor may charge 10% of the Expenditure Costs in return for its overhead functions which are not charged directly. 18.2 Operator's fees charged on Expenditure Costs, and paid by the Optionee, will be also be considered part of the Optionee's expenditure commitments referred to in paragraph 3.2. 18.3 After the Second Operative Date, the Operator may charge 10% of the Direct Charges referred to in Appendix II (which will then be deemed to form part of the Costs for the purposes of this Agreement) in return for its overhead functions which are not charged directly.

OPERATOR'S FEE. 18.1 17.1 Before the Second Operative Date, the Optionor may charge 10% of the Expenditure Costs in return for its overhead functions which are not charged directly. 18.2 17.2 Operator's ’s fees charged on Expenditure Costs, and paid by the Optionee, will be also be considered part of the Optionee's ’s expenditure commitments referred to in paragraph 3.2. 18.3 17.3 After the Second Operative Datedate, the Operator may charge 10% of the Direct Charges referred to in Appendix II (which will then be deemed to form part of the Costs for the purposes of this Agreement) in return for its overhead functions which are not charged directly.