Common use of Procurement of Material Clause in Contracts

Procurement of Material. The procurement of Material shall be implemented in accordance with the procedure specified in Articles 15.1 and 7.6 of the Contract. In order to prevent overstocking of Material, the Operator shall use all reasonable best efforts to ensure that the procurement of Material shall be made in accordance with the Material procurement plans and that the quality of Material conforms to specifications and prices are fair and reasonable. The Operator does not warrant the Materials furnished beyond, or back of, the supplier’s or manufacturer’s guarantee.

Appears in 4 contracts

Samples: Petroleum Contract (MIE Holdings Corp), Petroleum Contract (MIE Holdings Corp), Petroleum Contract (MIE Holdings Corp)

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Procurement of Material. The procurement of Material shall be implemented in accordance with the procedure specified in Articles 15.1 and 7.6 of the Contract. In order to prevent overstocking of Material, the Operator shall use all reasonable best efforts to ensure that the procurement of Material shall be made in accordance with the Material procurement plans and that the quality of Material conforms to specifications and prices are fair and reasonable. The Operator does not warrant the Materials furnished beyond, or back of, the supplier’s 's or manufacturer’s 's guarantee.

Appears in 3 contracts

Samples: Production Sharing Contract (Pacific Asia China Energy Inc.), Production Sharing Contract (Pacific Asia China Energy Inc.), Product Sharing Contract (Far East Energy Corp)

Procurement of Material. The procurement of Material shall be implemented in accordance with the procedure procedures specified in Articles 15.1 and 7.6 of the Contract. In order to prevent overstocking of Material, the Operator shall use all reasonable best efforts to ensure that the procurement of Material shall be made in accordance with the Material procurement plans and that the quality of Material conforms to specifications and prices that are fair and reasonable. The Operator does not warrant the any Materials furnished beyond, or back in disregard of, the supplier’s 's or manufacturer’s 's guarantee.

Appears in 3 contracts

Samples: Production Sharing Contract, Production Sharing Contract (Far East Energy Corp), Production Sharing Contract (Far East Energy Corp)

Procurement of Material. The procurement of Material shall be implemented in accordance with the procedure specified in Articles 15.1 and 7.6 of the Petroleum Contract. In order to prevent overstocking of Material, the Operator shall use all reasonable best efforts to ensure that the procurement of Material shall be made in accordance with the Material procurement plans and that the quality of Material material conforms to specifications and prices are fair and reasonable. The Operator does not warrant the Materials furnished beyond, or back of, the supplier’s 's or manufacturer’s 's guarantee.

Appears in 1 contract

Samples: Farmout Agreement (Ivanhoe Energy Inc)

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Procurement of Material. The procurement of Material shall be implemented in accordance with the procedure specified in Articles 15.1 and 7.6 of the Contract. In order to prevent overstocking of Material, the Operator shall use all reasonable best efforts to ensure that the procurement of Material shall be made in accordance with the Material procurement plans and that the quality of Material conforms to specifications and prices are fair and reasonable. The Operator does not warrant the Materials Material furnished beyond, beyond or back of, the supplier’s 's or manufacturer’s 's guarantee.

Appears in 1 contract

Samples: Petroleum Contract (Ivanhoe Energy Inc)

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