STATEMENT OF FACTOR Rt Sample Clauses

STATEMENT OF FACTOR Rt. 1 ACCOUNTS During the exploration phase, the Contractor shall submit within a term of thirty Days following the end of each period, a detailed Monthly Statement of the Factor Rt_1 revenue and expenditure accounts corresponding to said period. If the Contractor has opted for the application of the methodology described in point 8.3.2 for the calculation of the royalty, it will file with PERUPETRO, within a term of thirty (30) Days following the date of Declaration of Commercial Discovery, a detailed Monthly Statement of the Factor Rt_1 revenue and expenditure accounts coresponding to the period elapsed between the last Statement filed and the month of July or December of the previous year, as the case may be. Thereafter, the Contractor shall submit to PERUPETRO, within fifteen (15) Days following the end of January and July in every calendar year, a detailed Monthly Statement of the Factor Rt_1 Revenue and Expenditure Accounts corresponding to the previous semester.