Carried Costs definition

Carried Costs has the meaning ascribed to it in Section 3(c).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Carried Costs has the meaning set forth in Section 2.1.

Carried Costs has the meaning set forth in Section 7.1(b).

Examples of Carried Costs in a sentence

• Joint Development Operator shall maintain an accurate record of the Carried Costs paid by BG from time to time, and shall provide each Development Party with a monthly statement showing the Calendar Month and inception to date payments by BG.

• Except for payment under this Section 3.5(b) of the Carried Costs Amount, Noble shall have no other obligation to pay any Carried Costs during the Non-Consent Year.

• As used herein, “Carry Termination Event” means the time at which the aggregate amount of Carried Costs paid by BG equals the Carried Cost Obligation.

• At any time from and after the thirty-month anniversary of the Closing Date until the Carry Termination Event, Noble, upon five Business Days written notice to CONSOL (the “Balance Election Notice”), shall have the right (but not the obligation) to elect to pay the Carried Costs Balance as a lump sum payment, as applicable (such payment, the “Carried Costs Balance Payment”).

• All returns, cost reports and other filings made by the Company or any Company Subsidiary with Medicare, Medicaid or any other governmental health care program or third-party payor are complete and accurate except where the failure to be so complete and accurate would not, individually or in the aggregate, be material to the Company and the Company Subsidiaries.

• The Parties acknowledge that such funds in the Non-Consent Account discharge Noble's obligations to pay Carried Costs during such Non-Consent Year.

• If Mitsui fails to fund any Carried Costs when due under the terms of this Agreement (a “Carried Cost Default”) and such failure is not cured within 15 days of Mitsui’s receipt of a Default Notice, Mitsui shall be in default under this Agreement, and shall be referred to herein as a “Defaulting Party”.

• Hycarbex and AEGG stipulate and agree that the working interests purchased by AEGG shall apply to all ▇▇▇▇▇ drilled on the respective Blocks, irrespective of the drilling operator, but shall only be carried as to the Carried Costs with respect to the limited number of Carried ▇▇▇▇▇ described above.

• If the Carry Termination Event has not occurred on or prior to the date that is 30 months after the Closing Date, then, at any time thereafter, Mitsui, upon five Business Days written notice to SM (the “Balance Election Notice”), shall have the right (but not the obligation) (the “Carried Costs Balance Right”) to elect to pay the Carried Costs Balance as a lump sum payment, as applicable (such payment, the “Carried Costs Balance Payment”).

• AEGG shall also bear its proportionate part of any taxes upon production obtained from the Blocks and such taxes shall not be considered Carried Costs.

More Definitions of Carried Costs

Carried Costs shall include, but are not be limited to, all costs incurred by Assignor for the drilling, completing, reworking, sidetracking, deepening, recompleting, plugging back, and equipping the Wellbore.

Carried Costs. As used herein, “Carry Termination Event” means the time at which the aggregate amount of Carried Costs paid by BG equals the Carried Cost Obligation. Joint Development Operator shall maintain an accurate record of the Carried Costs paid by BG from time to time, and shall provide each Development Party with a monthly statement showing the Calendar Month and inception to date payments by BG.

Carried Costs has the meaning given to it in the Joint Development Agreement.

Carried Costs means costs directly attributable to the Carried Party, which the -------------- Working Interest Parties are obligated to bear and pay under the Assignment.

Carried Costs has the meaning ascribed to it in Article 4.1(B).