Common use of Ownership, Obligations and Liabilities Clause in Contracts

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: (A) Except as otherwise provided in Agreement or either of the Assignment with respect to a FieldFarmout Agreements, all the rights and interests in and under the ContractConcession, all Joint Property, Property and any Hydrocarbons produced from the Field and attributable Concession Area shall, subject to the Contractor pursuant to terms of the Contract shall Concession and any laws and regulations which may be applicable, be owned by the Parties in accordance with their respective Participating Interests;. West Xxxxxx XXX 20-F (B) The Unless otherwise provided in this Agreement or either of the Farmout Agreements, the obligations of the Parties under the Contract, Concession and all liabilities and expenses incurred by Operator in connection with Joint Operations, 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 Subject to the terms of this Agreement and the Farmout Agreements, each Party shall bear and pay when due, in accordance with the Accounting Procedure, its Participating Interest share of Joint Account expenses, including cash advances and Carried Party's expenses incurred interest, accrued pursuant to this Agreement, including Cash Calls, xxxxxxxx Agreement and accrued interest. The Parties agree that time is the Accounting Procedure shall govern the accrual and satisfaction of the essence for payment owing under this Agreementrespective obligations, liabilities and credits among the Parties. A Working Interest Party's payment of any charge under this Agreement shall be without prejudice to its right to later contest the charge.West Xxxxxx XXX 20-F

Ownership, Obligations and Liabilities. (A) Unless otherwise provided in ------------------------------------------ this Agreement or the Participation Agreement: (A) Except as otherwise provided in the Assignment with respect to a Field, all the rights and interests in and under the ContractConcession Agreement, all Joint Property, Property and any Hydrocarbons produced from the Field and attributable Concession Area shall, subject to the Contractor pursuant to terms of the Contract shall Concession Agreement, be owned by the Parties in accordance with their respective Participating Interests;. (B) The Unless otherwise provided in this Agreement or the Participation Agreement, the obligations of the Parties under the Contract, Concession Agreement and all liabilities and expenses incurred by Operator in connection with Joint Operations, 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. Alliance Operating Agreement - 20F (C) Each Working Interest Party shall bear and pay when due, in accordance with the Accounting Procedure, its Participating Interest share of Joint Account expenses, including cash advances and Carried Party's expenses incurred interest, accrued pursuant to this Agreement and the Participation Agreement, including Cash Calls, xxxxxxxx and accrued interest. The Parties agree that time is of the essence for payment payments 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. Unless (X) Xnless 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, Property and any Hydrocarbons produced from the Field and attributable Contract Area shall, subject to the Contractor pursuant to terms of the Contract shall Contract, be owned by the Parties in accordance with their respective Participating Interests;. (B) The Unless otherwise provided in this Agreement, the obligations of the Parties under the Contract, Contract and all liabilities and expenses incurred by Operator in connection with Joint Operations, 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) Unless otherwise provided in this Agreement, all liabilities incurred by any Party in connection with Joint Operations shall be borne by the Parties in accordance with their respective Participating Interests. (D) Each Working Interest Party shall bear and pay when due, in accordance with the Accounting Procedure, its Participating Interest share of Joint Account expenses, including cash advances and Carried Party's expenses incurred interest, accrued pursuant to this Agreement, including Cash Calls, xxxxxxxx and accrued interest. The Parties agree that time is Accounting Procedure shall govern the accrual and satisfaction of the essence for payment owing under this Agreement. A Working respective obligations, liabilities and credits among the Parties. (E) If a Party transfers all or part of its Participating Interest Party's payment pursuant to the provisions of any charge under this Agreement and the Contract, the Participating Interests of the Parties shall be without prejudice to its right to later contest the chargerevised accordingly.

Ownership, Obligations and Liabilities. (A) Unless otherwise provided in ------------------------------------------ this Agreement: (A) Except as otherwise provided in the Assignment with respect to a Field, all the rights rights, and interests in and under the ContractConcession, all Joint Property, Property and any Hydrocarbons produced from the Field and attributable Concession Area shall, subject to the Contractor pursuant to terms of the Contract shall Concession, be owned by the Parties in accordance with their respective Participating Interests;. (B) The Unless otherwise provided in this Schedule, the obligations of the Parties under the Contract, Joint Venture Agreement and all liabilities and expenses incurred by Operator Technical Partner in connection with Joint Operations, 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) Unless otherwise provided in this Agreement, all liabilities incurred by any Party in connection with Joint Operations shall be borne by the Parties in accordance with their respective Participating Interests. (D) Each Working Interest Party shall bear and pay when due, in accordance with the Accounting Procedure, its Participating Interest share of Joint Account expenses, including cash advances and Carried Party's expenses incurred interest, accrued 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 AgreementCheck one Alternative if desired. A Working Interest Party's payment of any charge under this Agreement shall be without prejudice to its right to later contest the charge.OPTIONAL PROVISION