Common use of Settlement of Excess Cost Recovery Petroleum Clause in Contracts

Settlement of Excess Cost Recovery Petroleum. EGPC has the right to take its entitlement of Excess Cost Recovery Petroleum under Article VII (a) (2) of the Agreement in kind during the said quarter. A settlement shall be required with the rendition of such Statements in case CONTRACTOR has taken more than its own entitlement of such Excess Cost Recovery Petroleum.

Appears in 4 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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Settlement of Excess Cost Recovery Petroleum. EGPC has the right to take its entitlement of Excess Cost Recovery Petroleum under Article VII (a) (2) of the Agreement in kind during the said quarterquarter . A settlement shall be required with the rendition of such Statements in case CONTRACTOR has taken more than its own entitlement of such Excess Cost Recovery Petroleum.

Appears in 3 contracts

Samples: Concession Agreement (Mogul Energy International, Inc.), Concession Agreement, Concession Agreement (Dover Petroleum Inc)

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Settlement of Excess Cost Recovery Petroleum. EGPC has the right to take its entitlement of Excess Cost Recovery Petroleum under Article VII VI (a) (2) of the Agreement in kind during the said quarter. A settlement shall be required with the rendition of such Statements in case CONTRACTOR has taken more than its own entitlement of such Excess Cost Recovery Petroleum.

Appears in 1 contract

Samples: Concession Agreement (Transglobe Energy Corp)

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