Common use of Reimbursement of Operator Clause in Contracts

Reimbursement of Operator. The Operator shall be reimbursed for any costs it incurs on behalf of Holdco in carrying out approved exploration Programs and implementing a production decision. "

Reimbursement of Operator. 32.1 The Operator shall be reimbursed for any costs Costs it incurs incurred on behalf of Holdco in carrying out approved exploration Programs programs and implementing a production decision. "Holdco shall be liable to pay the Costs actually incurred under or pursuant to approved exploration programs including Cost overruns of up to but not exceeding 10%.