Common use of REVISION OF ACCOUNTING PROCEDURE Clause in Contracts

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.

Appears in 9 contracts

Samples: Production Sharing Contract, Production Sharing Contract, Production Sharing Contract

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REVISION OF ACCOUNTING PROCEDURE. 1.5.1. By mutual agreement between the Government and the Contractorcontractor, this Accounting Procedure 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.

Appears in 1 contract

Samples: Production Sharing Contract

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