Payments to Operator. The Operator shall be compensated for its services and reimbursed for its costs hereunder in accordance with the Accounting Procedure.
Payments to Operator. If a Representative elects to participate in a Program on behalf of a Party, the Operator will submit an invoice to such Representative on or between the first and 20th day of the month immediately preceding a month in which Expenditures are to be made under a Program. The invoice must set out the estimated Expenditures under the Program for the immediately following month, multiplied by the Joint Venture Interest of such Party. Within 30 days of receipt of such invoice, such Party shall pay the Operator the invoice amount. The Operator may also submit other invoices relating to reconciliations, bills, accounts or other requests for payment in respect of any Expenditures made by the Operator under a Program or otherwise in accordance with this Agreement. Such invoice must set out the total amount involved, multiplied by the participating Party’s Joint Venture Interest. Within 30 days of receipt of such invoice, such Party shall pay the Operator the invoice amount. If such Party fails to make any payment to the Operator under this Section 5.4 of this Schedule “B” within any applicable 30 day payment period, after previously having elected to do so, such Party shall make such payment together with an interest payment, calculated at the rate equal to the annual rate of interest announced from time to time by the Canadian Imperial Bank of Commerce as its reference rate then in effect for determining interest rates on Canadian dollar commercial loans in Canada (commonly known as its prime rate), plus 10%, for the period commencing on the expiry of such 30 day payment period and terminating on the date that full payment is made. If such Party fails to make full payment, including in respect of interest, to the Operator within 60 days of the expiry of the applicable 30 day payment period, Section 5.6 of this Schedule “B” applies.
Payments to Operator. 1. A non-operator shall pay its share of an expenditure relating to the petroleum operations, within fifteen (15) days of receipt of the account of the operator.
Payments to Operator. OPERATOR shall prepare an invoice in a format acceptable to TCSD and submit all invoices to TCSD each calendar month during the Term of this Agreement, as defined in Section 6.1. The Compensation to be paid by TCSD to OPERATOR shall be paid as follows:
Payments to Operator. 5.1 O&M Fee. As compensation for the performance of the Work by Operator, Owner shall pay to Operator an operations and maintenance fee in the amount of Fifteen Thousand Six Hundred Twenty-Five and 00/100 Dollars ($15,625.00) per month (the "O&M Fee"), beginning with the thirteenth (13th) full calendar month after the month in which the Existing O&M Agreement Termination Date occurs and continuing for each month thereafter throughout the term of this Agreement. The O&M Fee shall be payable monthly, in arrears, with the first such payment being due and payable on the last business day of the thirteenth (13th) full calendar month after the month in which the Existing O&M Agreement Termination Date occurs, and with a like payment on the last business day of each month thereafter throughout the term of this Agreement. If the last day of the term of this Agreement does not fall on the last day of a month, the O&M Fee for such partial month shall be prorated. If during the term of this Agreement conditions or circumstances change from those in effect on the Existing O&M Agreement Termination Date such that there is either a material increase or decrease in the responsibilities and obligations of Operator hereunder from those responsibilities and obligations of Operator as of the Existing O&M Agreement Termination Date, then Owner and Operator shall meet and negotiate an equitable adjustment to the O&M Fee.
Payments to Operator. Except for Third Party Expenses paid directly by Owner, Owner shall pay, in the manner set forth herein, (i) all reasonable costs and expenses for operation and maintenance services (which, after a Triggering Event, shall be set forth in an Approved Operating Budget), and (ii) after a Triggering Event, reasonable operation and maintenance expenses in excess of any Approved Operating Budget (provided that Operator notifies Owner of such expenses in excess of any Approved Operating Budget in compliance with Section 8.4 herein), in each case as determined in accordance with Exhibit A attached hereto (“Expenses”).
Payments to Operator. Owner shall pay to Operator all amounts due to Operator under this Agreement in the manner and at the times described in this Agreement.
Payments to Operator. The Operator shall be reimbursed for its costs hereunder, including the costs associated, without limitation, of administering the Venture.
Payments to Operator. 25 5.1 O&M Fee................................................ 26 5.2 Reimbursable Costs..................................... 29 5.3
Payments to Operator. The Operator shall be compensated for its services and reimbursed for its costs in accordance with the Accounting Procedure. The Operator may charge customary fees for services and overhead - limited to 10% of Exploration costs, 75% of Development and Studies costs, 2% of Construction costs and 3% of Production costs - which would be a liquidated amount to reimburse the Operator and its Affiliates for its and their home office overhead and general and administrative expenses to conduct operations and which would be in lieu of any management fee. The Operator may not charge fees for any technical services provided by Explora under the Services Agreement (if in place).
