Common use of Sales to Third Parties Clause in Contracts

Sales to Third Parties. Materials purchased from the Joint Property by third parties shall be credited by Operator to the Joint Account at the net amount collected by Operator from the buyer. If the sales price is less than that determined in accordance with the procedure set forth in Section 5.2 above, then approval by the Operating Committee shall be required prior to the sale. Any claims by the buyer for defective Materials or otherwise shall be charged back to the Joint Account if and when paid by Operator.

Sales to Third Parties. Materials Material purchased from the Joint Property by third parties shall be credited by Operator to the Joint Account at the net amount collected by Operator from the buyer. If the sales price is less than that determined in accordance with the procedure set forth in Section 5.2 above5.2, then approval by the Operating Committee shall be required prior to the sale. Any claims by the buyer for defective Materials materials or otherwise shall be charged back to the Joint Account if and when paid by Operator.

Sales to Third Parties. Materials Proceeds received from Material purchased from the Joint Property joint property by third parties shall will be credited by Operator to the Joint Account at the net amount collected by Operator from the buyer. If the Operator shall make reasonable endeavours to obtain a sales price is not less than that the value determined in accordance with the procedure set forth in Section 5.2 above, then approval by the Operating Committee shall be required prior to the sale5.2. Any claims by the buyer for defective Materials materials or otherwise shall will be charged back to the Joint Account if and when paid by Operator.

Sales to Third Parties. Materials Proceeds received from Material purchased from the Joint Property by third parties shall be credited by Operator to the Joint Account at the net amount collected by Operator from the buyer. If the sales price is less than that determined in accordance with the procedure set forth in Section 5.2 above5.2, then approval by the Operating Committee shall be required prior to the sale. Any claims by the buyer for defective Materials materials or otherwise shall be charged back to the Joint Account if and when paid by Operator.

Sales to Third Parties. Materials Proceeds received from Material purchased from the Joint Property by third parties shall be credited by Operator to the Joint Account at the net amount collected by Operator from the buyer. If the sales price is less than that determined in accordance with the procedure set forth in Section 5.2 above5.2, then approval by the Operating Committee shall be required prior to the sale. Any claims by the buyer for defective Materials materials or otherwise shall be charged back to the Joint Account if and when paid by the Operator.

Sales to Third Parties. Materials Proceeds received from Material purchased from the Joint Property by third parties shall be credited by Operator to the Joint Account at the net amount collected by Operator from the buyer. If the sales price is more than 15% less than that the value determined in accordance with the procedure set forth in Section 5.2 above5.2, then approval by the Operating Committee shall be required prior to the sale. Any claims by the buyer for defective Materials materials or otherwise shall be charged back to the Joint Account if and when paid by Operator.

Sales to Third Parties. Materials Proceeds received from Material purchased from the Joint Property by third parties shall be credited by Operator to the Joint Account at the net amount collected by Operator from the buyer. If the sales price is less than that the value determined in accordance with the procedure set forth in Section 5.2 above5.2, then approval by the Operating Committee shall be required prior to the sale. Any claims by the buyer for defective Materials materials or otherwise shall be charged back to the Joint Account if and when paid by Operator.

Sales to Third Parties. Materials Material purchased from the Joint Property by third parties shall be credited by Operator to the Joint Account at the net amount collected by Operator from the buyer. If the sales price is less than that determined in accordance with the procedure set forth in Section 5.2 above5.2, then approval by the Operating Committee shall be required prior to the sale. Any claims by the buyer for defective Materials materials or otherwise shall be charged back to the Joint Account if and when paid by Operator.. SECTION VI ---------- INVENTORIES -----------

Sales to Third Parties. Proceeds of the Materials purchased from the Joint Property by third parties shall be credited by Operator to the benefit of the Joint Account in proportion to the respective Interests of the Parties at the net amount price collected by Operator from the buyer. If the sales price is less than that determined in accordance with the procedure set forth in Section 5.2 above5.2, then approval by the Operating Committee shall be required prior to the sale. Any claims by the buyer for defective Materials materials or otherwise shall be charged back to the Joint Account in proportion to the respective Interests of the Parties if and when paid by Operator.