Sole Risk Payments. 7.4.1 If Sole Risk Drilling carried out under Article 7.2.2(a)(i), (ii) or (iii) has made a particular Discovery or Sole Risk Drilling has been carried out under Article 7.2.2(a)(iv) in respect of a particular Discovery and any Party which was a Non-Sole Risk Party in all or part of such Sole Risk Drilling wishes to participate in appraisal drilling or a development Programme relating to that Discovery, then in respect of any such Sole Risk Drilling:
(a) In which such Party was a Non-Sole Risk Party; and
(b) To the cost and expense of which such Party has not previously contributed pursuant to the provisions of this Article 7.4. Such Party shall pay to the Joint Account an amount equal to two hundred per cent (200%) of the amount it would have contributed had such Sole Risk Drilling been carried out as part of the Joint Operations. Such amount shall be calculated by reference to the total costs recorded in DKK in the Billing Statement (as defined in the Accounting Procedure) in respect of such Sole Risk Drilling and associated expenses. Such amount shall be paid in cash in DKK before the commencement of the appraisal drilling or the development Programme in question or else such Non-Sole Risk Party shall have forfeited the right to participate in the appraisal drilling or the development Programme and such payments shall be credited to the Sole Risk Party or, if more than one (1), to each Sole Risk Party in the proportion that its Percentage Interest bears to the sum of the Percentage Interests of all the Sole Risk Parties or in such other proportion as they may have agreed under Article 7.2.3.
7.4.2 Upon the HA authorising the commencement of the development Programme in respect of which Sole Risk Drilling has been carried out, then any Party which participates in such development Programme and has made payment under the provisions of Article 7.4.1 to one (1) or more Sole Risk Parties in respect of that Discovery shall in addition be liable to pay to such Sole Risk Parties as are also participating in the development Programme an amount in DKK in respect of each Sole Risk Drilling operation in which it did not participate calculated in accordance with the following formula: A = B x C x D/365 x 10 where: A = the amount to be paid to a Sole Risk Party in respect of a Sole Risk Drilling operation; B = one-half of the amount paid to that Sole Risk Party in respect of such Sole Risk Drilling operation pursuant to Article 7.4.1 (any payment made in a currency o...
Sole Risk Payments. 13.4.1 If Sole Risk Drilling carried out under Article 13.2.2(i)(a), (b) or (c) (other than Sole Risk testing under Article
13.2.2 (i)(c)) has resulted in a particularly Discovery, or Sole Risk Drilling has been carried out under Article 13.2.2(i)(d) in respect of a particular Discovery, and (in either such case) any Party which was a Non-Sole Risk Party in all or part of such Sole Risk Drilling wishes to participate in appraisal drilling, geophysical work or a development Program relating to that Discovery, then in respect of any such Sole Risk Drilling:
(i) in which such Party was a Non-Sole Risk Party; and
(ii) to the cost and expense of which such Party has not previously contributed pursuant to the provisions of this Article 13.4,
1. Such amount shall be paid, in cash in the currency or currencies in which the contributions for the costs and expenses would have been made to the Joint Account, before the commencement of the appraisal drilling, geophysical work or development Program in question.
Sole Risk Payments. 8.4.1 If Sole Risk Drilling carried out under Article 8.2.2(i)(a), (b) or (c) has resulted in a particular Discovery or Sole Risk Drilling has been carried out under Article 8.2.2(i)(d) in respect of a particular Discovery and a Party which was a Non-Sole Risk Party shall have the obligation to compensate the Sole Risk Party (if more than one Non-Sole Risk Party and/or Sole Risk Party, then in proportion to their respective Percentage Interests) amounts calculated on the following basis:
(i) on the date that the Non-Sole Risk Party makes such election, two hundred (200) per cent of the amount such Non-Sole Risk Party would have contributed to the Joint Account had such Sole Risk Drilling been conducted as part of the Operations; and
(ii) on the date that the Minister authorises the commencement of a Development Programme in respect of a Discovery resulting from Sole Risk Drilling, five hundred (500) per cent of the amount paid in compensation to the Sole Risk Party under Article 8.4.1 (i) above. The compensation owing under Article 8.4.1 (i) above shall be effected by the Non-Sole Risk Party bearing the Sole Risk Party's share of expenditures under the Joint Account for a period necessary to discharge such obligation commencing as soon as practicable following the Non-Sole Risk Partys' election. The compensation owing under Article 8.4.1 (ii) above shall be effected by the Non-Sole Risk Party paying in cash to the Sole Risk Party the required amount, unless such Parties mutually agree upon an alternative form of compensation. The election to be made by the Non-Sole Risk Party shall be made, in the case of further exploration or appraisal work to be carried out, within thirty (30) days of receipt by the Non-Sole Risk Party of the relevant approved Programme and Budget for such work, or, in the case of a Development Programme being the next operation to be carried out, within ninety (90) days of receipt of such approved Programme.
Sole Risk Payments. 12.4.1 If Sole Risk Drilling carried out under Clause 12.2.2 (i)(a), (b) or
