The Market Price applicable to liftings of a type of Crude Oil or Crude Oil blend during Sample Clauses

The Market Price applicable to liftings of a type of Crude Oil or Crude Oil blend during a Quarter shall be calculated at the end of that Quarter and shall be equal to the volume- weighted average of the prices obtained by the Contractor for Crude Oil sold to third parties in Arm’s Length Sales during that Quarter, provided that the quantities so sold in Arm’s Length Sales during that Quarter for such type of Crude Oil or Crude Oil blend represent at least seventy percent (70%) of the Total Production of such type of Crude Oil or Crude Oil blend obtained from all the Fields in an Exploitation Area and sold during said Quarter.
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