Pipeline to Shore Sample Clauses

Pipeline to Shore. Working Interest Owners in all Operating Areas covered by this agreement may participate in the ownership and operation of the pipeline from Platform Elly to shore based upon [??] usage. Expenditures shall conform with Exhibit "D". Working Interest shares shall initially be determined by Operator on the basis of the projections of calendar year throughput for the next following year which shall also apply retroactively to any preceding partial year. The initial investment adjustment will include accumulated capital expenditures plus interest at 12% per annum depreciation. Thereafter, each year's share will be based upon the [??] year's throughput with annual cash adjustments of the operating expense and depreciated value of investment costs, to conform with each year's actual throughput. Payments will be due 30 days after billing for the adjustment by Operator, and Operator will disperse credit payments within the ensuing 30 days.
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Related to Pipeline to Shore

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