Sales to Outsiders. Sales to outsiders of material from the joint property shall be credited by Operator to the joint account at the net amount collected by Operator from vendee. Any claims by vendee for defective material etc., shall be charged back to the joint account, if and when paid by Operator.
Appears in 3 contracts
Samples: Joint Venture Agreement (Eflo Energy, Inc.), Joint Operating Agreement (Magellan Petroleum Corp /De/), Joint Operating Agreement (Canada Southern Petroleum LTD)
Sales to Outsiders. Sales to outsiders of material Material from the joint property Joint Property shall be credited by Operator to the joint account Joint Account at the net amount collected by Operator from vendee. Any claims claim by vendee for defective material etc., related to such sale shall be charged back to the joint account, Joint Account if and when paid by Operator.
Appears in 2 contracts
Samples: Unit Agreement (Resaca Exploitation, Inc.), Unit Agreement (Resaca Exploitation, Inc.)
