OVERHEAD - MAJOR CONSTRUCTION. To compensate Operator for overhead costs incurred in the construction and installation of fixed assets, the expansion of fixed assets, and any other project clearly discernible as a fixed asset required for the development and operation of the Joint Property, Operator shall either negotiate a rate prior to the beginning of construction, or shall charge the Joint Account for overhead based on the following rates for any Major Construction project in excess of $50,000.00: A. 5% of first $100,000 or total cost if less, plus
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Samples: Participation Agreement (New Source Energy Partners L.P.), Participation Agreement (New Source Energy Corp)
OVERHEAD - MAJOR CONSTRUCTION. To compensate Operator for overhead costs incurred in the construction and installation of fixed assets, the expansion of fixed assets, and any other project clearly discernible as a fixed asset required for the development and operation of the Joint Property, Operator shall either negotiate a rate prior to the beginning of construction, or shall charge the Joint Account for overhead Overhead based on the following rates for any Major Construction project in excess of $50,000.00project:
A. 5% of first $100,000 or total cost if less, plus
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Samples: Operating Agreement (Enterprise Products Partners L P)
OVERHEAD - MAJOR CONSTRUCTION. To compensate Operator for overhead costs incurred in the construction and installation of fixed assets, the expansion of fixed assets, and any other project clearly discernible as a fixed asset or in the abandonment of fixed assets and any associated reclamation required for the exploration; development and operation of the Joint Property, Operator shall either negotiate a rate prior to the beginning of construction, or shall charge the Joint Account for overhead Overhead based on the following rates for any Major Construction project in excess of $50,000.00:
A. 5% of first $100,000 or total cost if less, plus25,000
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Samples: Offshore Operating Agreement (Ridgewood Energy Q Fund LLC)
OVERHEAD - MAJOR CONSTRUCTION. To compensate Operator for overhead costs incurred in the construction and installation of fixed assets, the expansion of fixed assets, and any other project clearly discernible as a fixed asset required for the development and operation of the Joint Property, Operator shall either negotiate a rate prior to the beginning of construction, or shall charge the Joint Account for overhead based on the following rates for any Major Construction project in excess of $50,000.00:$ ___: See Attached Addenda
A. 5% of first $100,000 or total cost if less, plus
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