Statements, Billxxxx xxx Adjustments. 1.2.1. Each Party to the Agreement is responsible for preparing its own accounting, statistical and tax reports to meet Contract Area and any other country or corporate requirements, except that Operator shall be responsible for preparation and filling of any United States Partnership Income Tax Returns that may be required. The parties may elect out of Subchapter K. Operator is required to furnish Non-Operator(s) statements and billxxxx xx such form as required to facilitate discharging such responsibilities.
Appears in 4 contracts
Samples: Operating Agreement (Saba Petroleum Co), Operating Agreement Cocorna and Nare Associations (Saba Petroleum Co), Operating Agreement Velasquez Galan Pipeleine (Saba Petroleum Co)
