MWE Hydrocarbon definition
Examples of MWE Hydrocarbon in a sentence
The appointment of MWE Liberty as the Operator shall be exclusive to MWE Liberty, except to the extent that MWE Liberty elects to cause such duties to be provided by third parties (and, in any case MWE Hydrocarbon and MWE Liberty remain fully responsible for compliance with the Services Agreement).
MWE Hydrocarbon shall receive the fees and reimbursement for its services as set forth in the Services Agreement.
MWE Hydrocarbon waives and releases the Company Entities for all claims and causes of action the Designated MWE Employees (or any subcontractors used by MWE Hydrocarbon to perform the Services) may have for any compensation, benefits or violations of any statute or regulation governing employee rights and benefits.
MWE Hydrocarbon shall, to the full extent lawful, reimburse, indemnify, defend and hold each of the Company Released Parties harmless of and from any and all Losses in respect of or arising from **.
Following the end of each month, MWE Hydrocarbon shall send a reasonably detailed invoice to the Company for amount of the Personnel Expenses incurred during the preceding month or the bi-weekly pay periods ending in the preceding month, as applicable, which is to be itemized by each Designated MWE Employee with the calculation of how the Personnel Expenses were derived for each such Designated MWE Employee.
MWE Hydrocarbon shall keep, or cause the MWE Entities to keep, full and adequate books of account and such other records as are necessary to reflect the results of operation of the Company, such books and records to be maintained at the offices of the Company (it being agreed that MWE Hydrocarbon may keep its own books and records related to the performance of this Agreement at a location of its choosing).
In addition to the G&A Services, MWE Hydrocarbon shall provide its employees to operate, manage and maintain the Company Assets (the “Personnel Services”).
For the avoidance of doubt, the provisions of this Agreement shall not give rise to any right of recourse against any officer, director or manager of MWE Hydrocarbon or MWE Liberty, any officer, director or manager of any MWE Entity or any officer, director or manager of any Company Entity.
Following the end of each month, MWE Hydrocarbon shall send an invoice to the Company for the G&A Fee for the preceding month.
Where it is not reasonably practicable to determine the pro rata share of Personnel Expenses with respect to a Designated Employee, MWE Hydrocarbon shall make a good faith reasonable estimate of such cost, expense or pro rata share.