Common use of Price and Terms of payment of the Service Clause in Contracts

Price and Terms of payment of the Service. Section 5.01 – Amount of the Agreement The amount of this Agreement is undetermined. Its final value will correspond to the total value of the product of the addition of all the invoices issued by Cenit for the payment of the Fee and it will be established once it is ended and the final settlement thereof is made according to the provisions of Clause 17 of this Agreement. Under no circumstances may the Sender be exonerated or released from its responsibility to pay the Fee for the number of barrels actually transported in the respective Month of Operation during the Term for the Provision of the Service as per the provisions of this Agreement.

Appears in 4 contracts

Samples: Transportation Agreement (Gran Tierra Energy Inc.), Transportation Agreement (Gran Tierra Energy Inc.), Transportation Agreement (Gran Tierra Energy Inc.)

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