Back Costs definition

Back Costs the costs incurred by the Operator, including those costs incurred by the Operator on behalf of the Contracting Party, for work associated with this Contract prior to the date it is coming into force , including drawing up time, expenses in terms of the Operator’s Staff and for the funding of overseas visits of representatives of the DRC.
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Back Costs means the Percentage Interest share attributable to each of the P2123 Farmed Interests of all costs Accrued in respect of P2123 prior to Completion of the assignment of the P2123 Farmed Interests (such amounts being agreed prior to the Effective Date to be £31,135 in respect to the SWR P2123 Farmin Interest and £17,513 in respect of the Petro P2123 Farmin Interest);
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Back Costs means such past costs and seismic costs relating to the Earn-in Wells as set out in Schedule 4
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Examples of Back Costs in a sentence

  • During the Program Term, the Parties agree to drill and pay for their respective Working Interest Share of (a) the Costs to Casing Point of the Program W▇▇▇▇, (b) if GASCO elects to participate in the Completion of a Program Well, the Completion Costs of such Program Well, and (c) if GASCO elects to participate in the Recompletion, Rework or Plugging Back of a Program Well, the Recompletion, Reworking or Plugging Back Costs of such Program Well.

  • Berkley shall pay Northrock the Back Costs within 30 days of execution of the Letter Farmout Agreement.

  • If GASCO receives an invoice or a reimbursement relating to Costs to Casing Point, Completion Costs and Recompletion, Reworking or Plugging Back Costs after the expiration of the 120 day period referenced in this Section 3.2(f), the Parties shall account for such invoice or reimbursement, by invoicing or crediting, as applicable, in the same manner as provided in connection with excess Actual Well Costs and Overpayment Amounts.

  • Berkley has satisfied the Back Costs in the amount of $470,640.95.

  • After preparation of a design for the Recompletion, Rework or Plugging Back of a Program Well to be Recompleted, Reworked and/or Plugged Back, GASCO shall furnish to NFR an AFE for the Recompletion, Reworking or Plugging Back Costs of such Program Well and a Cash Call in the amount of NFR’s Working Interest Share of such AFE.

  • Berkley shall be responsible for a 32.5% share of all costs incurred after the date of this agreement and not included in the Earning Operations, the Tulita Seismic or the Back Costs.


More Definitions of Back Costs

Back Costs the costs paid by the Contractor, including expenses incurred by the Operator on behalf of the Contractor, for work related to the contract before its Effective Date, including text preparation costs, Operator’s staff as well as financing of visits of representatives of “DRC”.
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Back Costs is defined in Section 9.1.
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Related to Back Costs

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • Direct Costs means the sum of the following:

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Sales Costs means costs associated with the sale including the cost of advertising, sale direct and indirect costs related to notification such as the cost of any reports required to determine the names of persons having an interest in the property or the status of the property, printing, postage, advertising, posting of the property, title insurance and staff salaries, benefits and overhead costs directly expended to complete the sale.

  • Tax Costs which shall mean any and all real estate taxes and other similar charges on real property or improvements, assessments, water and sewer charges, and all other charges assessed, reassessed or levied upon the Project and appurtenances thereto and the parking or other facilities thereof, or the real property thereunder (collectively the "Real Property") or attributable thereto or on the rents, issues, profits or income received or derived therefrom which are assessed, reassessed or levied by the United States, the State of California or any local government authority or agency or any political subdivision thereof, and shall include Landlord's reasonable legal fees, costs and disbursements incurred in connection with proceedings for reduction of Tax Costs or any part thereof; provided, however, if at any time after the date of this Lease the methods of taxation now prevailing shall be altered so that in lieu of or as a supplement to or a substitute for the whole or any part of any Tax Costs, there shall be assessed, reassessed or levied (a) a tax, assessment, reassessment, levy, imposition or charge wholly or partially as a net income, capital or franchise levy or otherwise on the rents, issues, profits or income derived therefrom, or (b) a tax, assessment, reassessment, levy (including but not limited to any municipal, state or federal levy), imposition or charge measured by or based in whole or in part upon the Real Property and imposed upon Landlord, then except to the extent such items are payable by Tenant under Article 6 below, such taxes, assessments, reassessments or levies or the part thereof so measured or based, shall be deemed to be included in the term "Direct Costs." In no event shall Tax Costs included in Direct Costs for any year subsequent to the Base Year be less than the amount of Tax Costs included in Direct Costs for the Base Year. In addition, when calculating Tax Costs for the Base Year, special assessments shall only be deemed included in Tax Costs for the Base Year to the extent that such special assessments are included in Tax Costs for the applicable subsequent calendar year during the Term.