Common use of Where different Clause in Contracts

Where different. grades of Crude Oil are being produced from the Contract Area, the value shall be determined and applied for each grade of such Crude Oil. However, in the event that different grades of such Crude Oil are blended together for sale then the value of such a blend shall prevail. (a) Contractor shall present to the Minister, within ten (10) days after the end of each Calendar Month during which Crude Oil is produced and measured from a Production Area, its proposal as to the Fair Market Value of the particular Crude Oil for the preceding Month. Such proposal shall be accompanied by information supporting Contractor's proposal, including Free On Board (FOB) sales prices for the particular Crude Oil and/or comparable crude oils delivered during such preceding Calendar Month by Contractor or other producers from Trinidad and Tobago or other producing countries or from publications evidencing such sale prices. (b) The proposals shall be deemed approved, as submitted, under Article 20.4(a) if the Minister fails to respond within thirty (30) days of receipt. (c) If the Minister takes written exception to Contractor's proposal, the Minister shall include with such notice a counter-proposal for the value of the particular Crude Oil. (d) If Contractor accepts the Minister's counter- proposal or does not take written exception thereto within ten (10) days after receipt, the Minister's counter-proposal shall be the value for the Calendar Month for which the price is being determined. (e) If Contractor takes written exception to the Minister's counter-proposal within the prescribed period, authorized representatives of the Minister and Contractor shall meet to establish the value for the Calendar Month for which the determination is being made, in accordance with the principles outlined under Article 20.5.

Where different. grades of Crude Oil are being produced from the Contract Area, the value shall be determined and applied for each grade of such Crude Oil. However, in the event that different grades of such Crude Oil are blended together for sale then the value of such a blend shall prevail. (a) Contractor shall present to the Minister, within ten (10) days after the end of each Calendar Month during which Crude Oil is produced and measured from a Production Area, its proposal as to the Fair Market Value of the particular Crude Oil for the preceding Month. Such proposal shall be accompanied by information supporting Contractor's proposal, including Free On Board (FOB) sales prices for the particular Crude Oil and/or comparable crude oils delivered during such preceding Calendar Month by Contractor or other producers from Trinidad and Tobago or other producing countries or from publications evidencing such sale prices. (b) The proposals shall be deemed approved, as submitted, under Article 20.4(a) if the Minister fails to respond within thirty (30) days of receipt. (c) If the Minister takes written exception to Contractor's proposal, the Minister shall include with such notice a counter-proposal for the value of the particular Crude Oil. (d) If Contractor accepts the Minister's counter- proposal or does not take written exception thereto within ten (10) days after receipt, the Minister's counter-proposal shall be the value for the Calendar Month for which the price is being determined. (e) If Contractor takes written exception to the Minister's counter-proposal within the prescribed period, authorized representatives of the Minister and Contractor shall meet to establish the value for the Calendar Month for which the determination is being made, in accordance with the principles outlined under Article 20.5.