Ownership, Obligations and Liabilities. (A) Unless otherwise provided in this Agreement, all the rights and interests in and under the Contract, all Joint Property, and any Petroleum produced from the Contract Area shall, subject to the terms of the Contract, be owned by the Parties in accordance with their respective Participating Interests.
(B) Unless otherwise provided in this Agreement, the obligations of the Parties under the Contract and all liabilities and expenses incurred by Operator in connection with Joint Operations shall be charged to the Joint Account and all credits to the Joint Account shall be shared by the Parties, in accordance with their respective Participating Interests.
(C) Each Party shall pay when due, in accordance with the Accounting Procedure, its Participating Interest share of Joint Account expenses, including cash advances and interest, accrued pursuant to this Agreement. A Party’s payment of any charge under this Agreement shall be without prejudice to its right to later contest the charge.
Ownership, Obligations and Liabilities. (a) Unless otherwise provided in this Agreement, all the rights and interests in and under the Contract, all Joint Property and any Hydrocarbons produced from the Contract Area shall, subject to the terms of the Contract, be owned by the Parties in accordance with their respective Participating Interests.
(b) Unless otherwise provided in this Agreement, the obligations of the Parties under the Contract and all liabilities and expenses incurred by Operator in connection with Joint Operations shall be charged to the Joint Account and all credits to the Joint Account shall be shared by the Parties, as among themselves, in accordance with their respective Participating Interests.
(c) Each Party shall pay when due, in accordance with the Accounting Procedure, its Participating Interest share of Joint Account expenses, including cash advances and interest, accrued pursuant to this Agreement. The Parties agree that time is of the essence for payments owing under this Agreement. A Party’s payment of any charge under this Agreement shall be without prejudice to its right to later contest the charge.
Ownership, Obligations and Liabilities. Unless otherwise provided in ------------------------------------------ this Agreement:
(A) Except as otherwise provided in the Assignment with respect to a Field, all the rights and interests in and under the Contract, all Joint Property, and any Hydrocarbons produced from the Field and attributable to the Contractor pursuant to the Contract shall be owned by the Parties in accordance with their respective Participating Interests;
(B) The obligations of the Parties under the Contract, and all liabilities and expenses incurred by Operator in connection with Joint Operations, shall be charged to the Joint Account and all credits to the Joint Account shall be shared by the Parties, as among themselves, in accordance with their respective Participating Interests; and
(C) Each Working Interest Party shall bear and pay when due, in accordance with the Accounting Procedure, its Participating Interest share of Joint Account and Carried Party's expenses incurred pursuant to this Agreement, including Cash Calls, xxxxxxxx and accrued interest. The Parties agree that time is of the essence for payment owing under this Agreement. A Working Interest Party's payment of any charge under this Agreement shall be without prejudice to its right to later contest the charge.
Ownership, Obligations and Liabilities. (a) Unless otherwise provided in this Agreement, all the rights and interests in and under the Permits, all Joint Property, and any Hydrocarbons produced from the Permit Area shall, subject to the terms of the Permits, be held by the Parties in proportion to their respective Participating Interests.
(b) Unless otherwise provided in this Agreement, the obligations of the Parties under the Permits and all costs and liabilities incurred by Operator (or by any Party on behalf of all Parties, as set out in this Agreement) in connection with Joint Operations shall be charged to the Joint Account and all credits to the Joint Account shall be shared by the Parties, in proportion to their respective Participating Interests.
(c) Subject to the provisions of the Farmin Agreement, each Party shall pay when due, in accordance with the Accounting Procedure, its share of Joint Account charges, including Cash Calls and interest, accrued under this Agreement. A Party’s payment of any charge under this Agreement shall not prejudice its right to later contest the charge. Amending Deed – Joint Operating Agreement (Beetaloo JV) 30
(d) Unless otherwise provided in this Agreement, third party liabilities incurred in connection with Joint Operations shall be borne by the Parties in accordance with their respective Participating Interests.
(e) For the avoidance of doubt it is acknowledged that clauses 10 and 11 of this Agreement provides for circumstances where the rights, Entitlements, obligations (including third party obligations) of each Party in respect of certain Joint Operations may not be held or borne by each Party in accordance with its Participating Interest.
Ownership, Obligations and Liabilities. (A) Unless otherwise provided in this Agreement, all the rights and interests in and under the Lease Agreement, all Property and any mineral goods produced from the Lease Area shall be subject to the terms of the Lease Agreement, and this Operating Agreement to be owned by the Parties in accordance with their respective Participating Interests.
(B) Unless otherwise provided in this Agreement, the obligations the Parties under the Lease Agreement and all liabilities and expenses incurred by Operator(s) in connection with the project Operations shall be charged to the Project Account and all credits to the Operators Account first and all net profits shall be shared by the Parties, as among themselves, in accordance with their respective Participating Interests.
(C) Each Party shall pay or contribute value when due, in accordance with the Accounting Procedure, the project expenses, including cash advances and/or the payment of debt financing obtained for operational purposes pursuant to this Agreement. The Parties agree that time is of the essence for payments owed and other valuable contributions under this Agreement. A Party’s payment of any charge under this Agreement shall be without prejudice to its right to later contest the charge.
Ownership, Obligations and Liabilities. A Unless otherwise provided in this Agreement, all the rights and interests in and under the Contract, to all Joint Property, and any Petroleum produced from the Contract Area shall, subject to the terms of the Contract, be owned by the Parties in proportion to their respective Working Interests.
Ownership, Obligations and Liabilities. A) Unless otherwise provided in this Agreement or either of the Farmout Agreements, all the rights and interests in and under the Concession, all Joint Property and any Hydrocarbons produced from the Concession Area shall, subject to the terms of the Concession and any laws and regulations which may be applicable, be owned by the Parties in accordance with their respective Participating Interests.
B) Unless otherwise provided in this Agreement or either of the Farmout Agreements, the obligations of the Parties under the Concession and all liabilities and expenses incurred by Operator in connection with Joint Operations shall be charged to the Joint Account and all credits to the Joint Account shall be shared by the Parties, as among themselves, in accordance with their respective Participating Interests.
C) Subject to the terms of this Agreement and the Farmout Agreements, each Party shall pay when due, in accordance with the Accounting Procedure, its Participating Interest share of Joint Account expenses, including cash advances and interest, accrued pursuant to this Agreement and the Accounting Procedure shall govern the accrual and satisfaction of the respective obligations, liabilities and credits among the Parties.
Ownership, Obligations and Liabilities. 3.3.1 Unless otherwise provided in this Agreement, all the rights and interests in and under the Licenses, all Joint Property and any Petroleum produced from the Licenses shall be owned by the Parties in accordance with their respective Percentage Interests.
3.3.2 Unless otherwise provided in this Agreement, the obligations of the Parties under the License and all liabilities and expenses incurred by Operator in connection with Joint Operations shall be charged to the Joint Account and all credits to the Joint Account shall be shared by the Parties, as among themselves, in accordance with their respective Percentage Interests.
3.3.3 Each Party shall pay when due, in accordance with the Accounting Procedure, its Percentage Interest share of Joint Account expenses, including cash advances and interest, accrued pursuant to this Agreement. A Party's payment of any charge under this Agreement shall be without prejudice to its right to later contest the charge.
Ownership, Obligations and Liabilities. 3.3.1 Unless otherwise provided in this Agreement, all the rights and interests in and under the Licenses, all Joint Property and any Petroleum produced from the Licenses shall be owned by the Parties in accordance with their respective Percentage Interests.
3.3.2 Unless otherwise provided in this Agreement, the obligations of the Parties under the License and all liabilities and expenses incurred by Operator in connection with Joint Operations shall be charged to the Joint Account and all credits to the Joint Account shall be shared by the Parties, as among themselves, in accordance with their respective Percentage Interests.
3.3.3 Each Party shall pay when due, in accordance with the Accounting Procedure, its Percentage Interest share of Joint Account expenses, including cash advances and interest, accrued pursuant to this Agreement. A Party's payment of any charge under this Agreement shall be without prejudice to its right to later contest the charge.
3.3.4 Commencing in October 2004, and continuing so long as Avenue retains a Percentage Interest hereunder, Avenue shall be required to pay AME a monthly administration fee, as further defined in the Revised and Restated Participation Agreement dated __ October, 2004, in the amount of $380 which shall cover the ongoing Exploration License rentals and filings required to keep in good standing the Licenses.
Ownership, Obligations and Liabilities. 3.3(A) Unless otherwise provided in this Agreement or agreed by the Parties, all the rights and interests in and under the Contract, all Joint Property and any Hydrocarbons produced from the Area shall, subject to the terms of the Contract, be owned by the Parties in accordance with their respective Participating Interests.
