Examples of Contract Operating Agreement in a sentence
It is understood and agreed by Company that certain of the Services may be provided directly or indirectly by other Persons, including SOG pursuant to the Contract Operating Agreement or otherwise.
Notwithstanding the foregoing, a Management Fee shall be payable hereunder for all such Services, to the extent that such payment is not duplicative of any payments made under the Contract Operating Agreement, License Agreement or a Related Contract, but subject in all cases to Manager’s right to charge the Administrative Fee for all such Services (to the extent performed by SOG), including, without limitation, those performed under the Contract Operating Agreement or other Related Contracts.
The Parties understand and agree that Manager or an Affiliate thereof, in the performance of the Services, may incur accounts receivable in connection with the management of Properties hereunder or under the Contract Operating Agreement or Related Contract, to the extent Company has operations thereon and non-working interest owners are billed with respect thereto.
To the extent costs and expenses described under Section II 3 and II 4 of XXXXX and any overhead charges described under Section III of XXXXX have been allocated to Company or any Subsidiary under XXXXX and paid by Company pursuant to the terms of the Contract Operating Agreement, Manager shall credit such amounts to Company against the Management Fee, but such amounts shall be subject to the Administrative Fee.
Manager will arrange and maintain insurance policies (other than directors and officers liability insurance policies), subject to the terms hereof and, if applicable, the Contract Operating Agreement.