Common use of Overhead Allocation Clause in Contracts

Overhead Allocation. General and administrative expenditures, other ------------------- than direct charges, allocable to this operation should be determined by a detailed study, and the method determined by such study shall be applied each year consistently. The method selected must be approved by the MINISTRY. Either the MINISTRY or CONTRACTOR may request by notification of the other Party that the method selected be changed; provided, however that only one change to the method be allowed in any given Calendar Year.

Appears in 2 contracts

Samples: Production Sharing Contract (Triton Energy LTD), Production Sharing Contract (Triton Energy LTD)

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Overhead Allocation. General and administrative expenditures, other ------------------- than direct charges, allocable to this operation should be determined by a detailed study, and the method determined by such study shall be applied each year consistently. The method selected must be approved by the MINISTRY. Either the MINISTRY or CONTRACTOR may request by notification of the other Party that the method selected be changed; provided, however that only one change to the method be allowed in any given Calendar Year.

Appears in 2 contracts

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

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