PETROLEUM EXPENDITURES Sample Clauses

PETROLEUM EXPENDITURES. Petroleum Expenditures shall be paid in accordance with Work Program(s), Budget(s) and the provisions of the Accounting Procedure, as follows:
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PETROLEUM EXPENDITURES. Petroleum Expenditures shall be paid in accordance with Work Program(s), Budget(s) and the provisions of the Accounting Procedure, as follows: 10.1 Exploration Expenditures All Exploration Expenditures shall be paid by Contractor.
Sample 1

Related to PETROLEUM EXPENDITURES

  • Excluded Expenditures The Recipient undertakes that the proceeds of the Financing shall not be used to finance Excluded Expenditures. If the Association determines at any time that an amount of the Financing was used to make a payment for an Excluded Expenditure, the Recipient shall, promptly upon notice from the Association, refund an amount equal to the amount of such payment to the Association. Amounts refunded to the Association upon such request shall be cancelled.

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