Common use of Projected capacity Clause in Contracts

Projected capacity. 21.4.3 Approximate date of commencement and length of the construction . Within ninety (90) days from the date of notice, the other Party has the right to decide whether or not it will participate in the proposed additional facilities, by means of a written notice. If such Party elects not to participate in the additional facilities, or fails to reply to the Participating Party's Proposal- which Party shall hereinafter be called the Constructing Party , the latter may proceed with the additional facilities and request Operator to construct, operate and maintain such Facilities at the sole cost and risk of the Constructing Party, without prejudice to the normal performance of the Joint Operations. The constructing Party may negotiate with the other Party for the use of said facilities for the Joint Operation. During the time the facilities are operated for the Constructing Party's sole account and risk, Operator shall charge to the latter all the costs of operation and maintenance of the additional facilities, in accordance with generally accepted accounting rules.

Projected capacity. 21.4.3 Approximate date of commencement of construction operations and length duration of the construction same. Within ninety (90) days starting from the date day of notice, the other Party Party, through written notice, has the right to decide whether or not it will participate in the proposed additional facilities, by means of a written notice. If such Party elects not to participate in the projected additional facilitiesinstallations. In the event said Party opts to not participate in the additional installations, or fails to does not reply to the Participating proposal of the participating Party's Proposal- which Party shall , hereinafter be called referred to as the Constructing Party Construction Party, and the latter may shall proceed with the additional facilities installations and request may order the Operator to construct, operate and maintain such Facilities said installations at the sole cost expense and risk of the Constructing constructing Party, without prejudice to prejudicing the normal performance development of the Joint Operations. The constructing Construction Party may shall be able to negotiate with the other Party for the use of said facilities installations for the Joint Operation. During the time in which the facilities installations are operated for at cost and risk of the Constructing Construction Party's sole account and risk, the Operator shall charge to the latter Construction Party all the costs of operation and maintenance of costs for the additional facilities, installations in accordance with generally accepted accounting rules.standards. CHAPTER V - JOINT ACCOUNT CLAUSE 22 - MANAGEMENT

Projected capacity. 21.4.3 Approximate date of commencement and length of the construction and duration thereof. Within ninety (90) days from starting on the date of noticenotification, the other Party has shall have the right to decide whether or not it will intends to participate in the proposed projected additional facilities, by means of a giving written notice. If In the event that such Party elects should elect to not to participate in the additional facilities, or fails to does not reply to the Participating Party's Proposal- which Party shall ’s proposal, hereinafter be called “the Constructing Party Party”, the latter may proceed with the additional facilities and request will instruct the Operator to constructbuild, operate operate, and maintain such Facilities facilities at the sole cost exclusive risk and risk expense of the Constructing Party, without prejudice to the normal performance development of the Joint OperationsOperation. The constructing Constructing Party may negotiate with the other Party for the use of said such facilities for the Joint OperationOperations, with the other Party. During the time the facilities are operated for at the risk and expense of the Constructing Party's sole account and risk, the Operator shall charge to the latter such Party for all the costs of operation operating and maintenance costs of the additional facilities, in accordance with generally accepted accounting rules.practices. CHAPTER V - JOINT ACCOUNT

Projected capacity. 21.4.3 Approximate date of commencement and length of the construction . Within ninety (90) days from the date of notice, the other Party has the right to decide whether or not it will participate in the proposed additional facilities, by means of a written notice. If such Party elects not to participate in the additional facilities, or fails to reply to the Participating Party's Proposal- which Party shall hereinafter be called the Constructing Party , the latter may proceed with the additional facilities and request Operator to construct, operate and maintain such Facilities at the sole cost and risk of the Constructing Party, without prejudice to the normal performance of the Joint Operations. The constructing Party may negotiate with the other Party for the use of said facilities for the Joint Operation. During the time the facilities are operated for the Constructing Party's sole account and risk, Operator shall charge to the latter all the costs of operation and maintenance of the additional facilities, in accordance with generally accepted accounting rules.. CHAPTER V- JOINT ACCOUNT CLAUSE 22 - HANDLING