Examples of Specified Proportion in a sentence
If TPDC elects to participate, then it will be entitled to a rateable proportion of the Cost Gas and their profit share percentage increases by the Specified Proportion for that development program.TPDC has indicated that they wish to exercise their right to ‘back in’ to the field development.
In connection with any Joint Development Area within the Contract Area, TPDC’s share of Profit Oil Revenues indicated above from such Joint Development Area shall be increased by the number of percentage points obtained by multiplying the percentage of the Specified Proportion determined in accordance with Article VIII by TPDC’s share of Profit Oil Revenues indicated above, and PanAfrican Tanzania’s share shall be reduced accordingly.
If requested by TPDC, PanAfrican Tanzania shall request that contractor invoices for operations related to a Joint Operation be divided to reflect the amounts due from PanAfrican Tanzania and TPDC in the Specified Proportion.
The Specified Proportion shall remain as indicated in such notice unless and until such time that TPDC renders a further notice in writing to Contractor indicating a specified proportion in excess of the Specified Proportion indicated in the previous notice.
As soon as practicable after the end of each Account Year the Landlord shall determine and certify the amount by which the estimate referred to in Clause 7.3 (How calculated ) shall have exceeded or fallen short of the actual expenditure in the Account Year and shall supply the Leaseholder with a copy of the certificate and the Leaseholder shall be allowed or (as the case may be) shall pay immediately following receipt of the certificate the Specified Proportion of the excess or the deficiency.