RECOVERY OF OPERATING COSTS AND SHARING OF PETROLEUM PRODUCTION Sample Clauses

RECOVERY OF OPERATING COSTS AND SHARING OF PETROLEUM PRODUCTION. 10.1 The allocation of Available Crude Oil shall be calculated on a Contract Area basis for Royalty Oil, Cost Oil and Profit Oil. This allocation of Available Crude Oil shall be in accordance with the Accounting Procedure, the Allocation and Lifting Procedure and this Clause 10 as follows:
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RECOVERY OF OPERATING COSTS AND SHARING OF PETROLEUM PRODUCTION. 7.1. The contractor is authorized by the Joint Authority and obliged to market all petroleum produced and saved from the contract area subject to the following provisions.
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Related to RECOVERY OF OPERATING COSTS AND SHARING OF PETROLEUM PRODUCTION

  • Operating Costs The Assuming Institution agrees, during its period of use of any Leased Data Management Equipment, to pay to the Receiver or to appropriate third parties at the direction of the Receiver all operating costs with respect thereto and to comply with all relevant terms of any existing Leased Data Management Equipment leases entered into by the Failed Bank, including without limitation the timely payment of all rent, taxes, fees, charges, maintenance, utilities, insurance and assessments.

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