REVISION OF ACCOUNTING PROCEDURE. 1.5.1. By mutual agreement between the Government and the Contractor, this Accounting Procedure may be revised from time to time by an instrument in writing signed by the parties.
1.5.2. The parties agree that if any procedure established herein proves unfair or inequitable to any party, the parties shall meet and in good faith endeavour to agree on the changes necessary to correct that unfairness or inequity.
REVISION OF ACCOUNTING PROCEDURE. 1.5.1 This Accounting Procedure may be revised from time to time by an instrument in writing signed by both the Parties.
1.5.2 The Parties agree that if any procedure established herein proves unfair or inequitable to any Party, the Parties shall meet and in good faith discuss and use all reasonable endeavours to agree on the changes necessary to correct that unfairness or inequity.
REVISION OF ACCOUNTING PROCEDURE. This Accounting Procedure may be revised from time to time by written agreement of Xxxxxxxxxxx and Contractor.
REVISION OF ACCOUNTING PROCEDURE. 11.1 The provisions of this Accounting Procedure may be amended by agreement between the Contractor, Government and TPDC The amendments shall be made in writing and shall state the date upon which the amendments shall become effective.
11.2 In the event, and at the time, that TPDC elects to participate in Joint Operations as defined in Article 9 of this Agreement the parties shall modify this Accounting Procedure to reflect TPDC’s status as a party to the Operating Agreement.
11.3 Following any second discovery in the Contract Area the parties will meet in order to establish specific principles and procedures for identifying all costs, expenditures and credits, and for allocating Cost Oil and Profit Oil, on a Development Area basis, it being understood that costs, expenditures and credits which do not uniquely arise in respect of any one Development Area shall be apportioned between Development Areas in a reasonable, equitable and consistent manner.
REVISION OF ACCOUNTING PROCEDURE. This Accounting Procedure may be revised from time to time by mutual written agreement Georgian Oil and Contractor.
REVISION OF ACCOUNTING PROCEDURE. 1.5.1. By mutual agreement between the Government and the Contractor, this Accounting Procedure may be revised from time to time by an instrument in writing signed by the parties.
1.5.2. The parties agree that if any procedure established herein proves unfair or inequitable to any party, the parties shall meet and in good faith endeavour to agree on the changes necessary to correct that unfairness or inequity. Draft Production Sharing Contract Block L28 Ministry of Energy Page 61 Subject to the provisions of the Contract, the Contractor shall bear and pay the following cost and expenses necessary to conduct Petroleum Operations. Such Petroleum Costs are recoverable by the Contractor in accordance with the provisions of the Contract.
REVISION OF ACCOUNTING PROCEDURE. By mutual agreement between Albpetrol and Contractor, this Accounting Procedure may be revised from time to time in the light of future arrangements.
REVISION OF ACCOUNTING PROCEDURE. By mutual agreement between EGPC and CONTRACTOR, this Accounting Procedure may be revised in writing from time to time in the light of future arrangements.
REVISION OF ACCOUNTING PROCEDURE. By mutual written agreement between XXX and Contractor, this Accounting Procedure may be revised from time to time in the light of future arrangements.
REVISION OF ACCOUNTING PROCEDURE. The provisions of this Accounting Procedure may be amended by agreement between the Company and Government. The amendments shall be made in writing and shall state the date upon which the amendments shall become effective.
