Transfer of Title to Cost Recovery Petroleum Sample Clauses

Transfer of Title to Cost Recovery Petroleum. Podratçının məsrəflərinin əvəzinin ödənilməsi Çatdırılma məntəqəsində ona Kontrakt sahəsindən çıxarılan Xam neftin və Sərbəst təbii qazın həcmləri üçün Karbohidrogenlər üzərində mülkiyyət hüququnun verilməsi yolu ilə təmin edilir; həmin neftin və qazın dəyəri Neft-qaz əməliyyatlarına çəkilən və 11.2 bəndinə müvafiq şəkildə əvəzi ödənilməli xxxx Xxxx-qaz əməliyyatları məsrəflərinə ekvivalent olmalıdır (ekvivalentlik 13.1 bəndində göstərilən qaydaya uyğun olaraq müəyyənləşdirilməklə) (“Məsrəflərin əvəzinin ödənilməsi üçün Karbohidrogenlər”). Cost Recovery by Contractor shall be achieved by transferring to Contractor title at the Delivery Point to quantities of Crude Oil and Non-associated Natural Gas from the Contract Area of equivalent value (as determined pursuant to Articles 13.1) to the Petroleum Costs to be recovered by Contractor in accordance with Article 11.2 (“Cost Recovery Petroleum”).
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Transfer of Title to Cost Recovery Petroleum. Cost Recovery by Contractor shall be achieved by transferring to the Contractor title at the Delivery Point to quantities of Crude Oil from the Contract Area of equivalent value (as determined pursuant to Article 13.1) to the Petroleum Costs to be recovered by the Contractor in accordance with Article 11.2. ("Cost Recovery Petroleum").
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Related to Transfer of Title to Cost Recovery Petroleum

  • Transfer of Title Each party agrees that all right, title and interest in and to any Eligible Credit Support, Equivalent Credit Support, Equivalent Distributions or Interest Amount which it transfers to the other party under the terms of this Annex shall vest in the recipient free and clear of any liens, claims, charges or encumbrances or any other interest of the transferring party or of any third person (other than a lien routinely imposed on all securities in a relevant clearance system).

  • Reservation of Title STÜKEN reserves the right to the property for the delivered object until all payments under the contract of delivery have been made in full. The Customer may neither pledge nor assign the delivered object for security. He must inform XXXXXX immediately in the case of pledges as well as seizure or any other disposals by third parties. Should the Customer breach the terms of the written contract, including delinquent payment, STÜKEN reserves the right to reclaim the goods and the Customer agrees to return said goods to STÜKEN. STÜKEN's assertion of the reservation of title as well as the pledging of the delivered object shall not be deemed as a withdrawal from the contract. Further processing or rework of STÜKEN goods by the Customer may only be performed subsequent to receipt of written authorization from STÜKEN. Should the STÜKEN goods be further assembled or combined with other product/components which are not the property of STÜKEN, Customer shall grant to STÜKEN partial ownership of the created product in relation to the value of the STÜKEN goods to the created product. The Customer is entitled to sell the delivered goods - also after further processing - in usual and proper business transactions. However, he undertakes to reserve the right to ownership until his purchase price claim has been paid in full. Independent of this the Customer hereby assigns already the accounts receivable against his buyer to which he is entitled from the resale with all secondary rights to STÜKEN. In the event of the resale after processing the assignment shall apply as in the amount of the sale value of the reserved goods of STÜKEN. The buyer is entitled to collect the assigned accounts receivable from the third party buyer, undertakes however to remit these to STÜKEN immediately. STÜKEN reserves the right to also collect the account receivable directly from the third party buyer, who is to be named for this purpose. STÜKEN shall insofar release the securities held by him as their value shall exceed the accounts receivable to be secured by more than a total of 20 %.

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