Common use of Reimbursement of Costs of Acquisition Clause in Contracts

Reimbursement of Costs of Acquisition. If the Acquiring Party is the Operator and the Non-Operator makes the election aforesaid, the Operator's costs of or incidental to the staking or acquiring of the Acquired Rights shall be deemed to be Expenditures. If the Acquiring Party is the Non-Operator and the Operator makes the election aforesaid, the Operator shall reimburse the Non-Operator for its costs of or incidental to the staking or acquiring of the Acquired Rights and the amount so reimbursed shall be deemed to be Expenditures incurred by the Operator.

Reimbursement of Costs of Acquisition. If the Acquiring Party is the Non-Operator and the Non-Operator makes the election aforesaid, the Non-Operator's costs of or incidental to the staking or acquiring of the Acquired Rights shall be deemed to be Expenditures. If the Acquiring Party is the Non-Operator and the Non-Operator makes the election aforesaid, the Non-Operator shall reimburse the Non-Operator for its costs of or incidental to the staking or acquiring of the Acquired Rights and the amount so reimbursed shall be deemed to be Expenditures incurred by the Non-Operator.. #

Reimbursement of Costs of Acquisition. If the Acquiring Party is the Non-Operator and the Non-Operator makes the election aforesaid, the Non-Operator's costs of or incidental to the staking or acquiring of the Acquired Rights shall be deemed to be Expenditures. If the Acquiring Party is the Non-Operator and the Non-Operator makes the election aforesaid, the Non-Operator shall reimburse the Non-Operator for its costs of or incidental to the staking or acquiring of the Acquired Rights and the amount so reimbursed shall be deemed to be Expenditures incurred by the Non-Operator.