Petroleum Operations Account definition

Petroleum Operations Account shall have the meaning given to it in paragraph 4.1 of section I of the Accounting Procedure.
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Petroleum Operations Account shall have the meaning given to it in Section 1.2 of the Accounting Procedure. "Profit Petroleum" shall have the meaning given to it in Article 11.6.
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Examples of Petroleum Operations Account in a sentence

  • SOCAR shall pay a mutually agreed fee for such use to be credited to the Petroleum Operations Account.

  • Fees from Third Parties' access to Contractor Facilities shall be credited to the Petroleum Operations Account.

  • Funds from such sales will be credited to the Petroleum Operations Account.

  • Any gain or loss resulting from the exchange of currencies required for Petroleum Operations or from translation shall be charged or credited to the Petroleum Operations Account.

  • The Petroleum Operations Account shall be kept in accordance with the standards of international Petroleum industry practice.

  • Fees from Third Parties’ access to Contractor Facilities shall be credited to the Petroleum Operations Account.

  • Funds from such sales prior to Zero Balance will be credited to the Petroleum Operations Account and after Zero Balance will be credited to SOCAR’s account.

  • The Contractor shall charge to the Petroleum Operations Account only those expenditures incurred for Petroleum Operations.

  • Notwithstanding the foregoing, (except when necessary for repair or maintenance provided that, within a reasonable time after completion of the repair or maintenance, such items shall be re-imported into the Azerbaijan Republic), Contractor shall not have the right to export from the Azerbaijan Republic any items purchased for Petroleum Operations, the costs of which have been included in the Petroleum Operations Account.

  • Contractor shall charge the Petroleum Operations Account for all costs incurred after the date of execution of this Agreement in compliance with the terms of this Agreement or those necessary to conduct the Petroleum Operations; no cost shall be charged more than once.

Related to Petroleum Operations Account

  • JetBrains Account or “JBA” means an account at xxxxx://xxxxxxx.xxxxxxxxx.xxx created by Customer, having a unique name and password, and through which Customer has access to Products in accordance with a Toolbox Subscription.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Management Accounts Date means 30 September 2017;

  • Energy Accounts means the regional energy accounts/state energy accounts as specified in the Grid Code issued by the appropriate agency for each Month (as per their prescribed methodology), including the revisions and amendments thereof;

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Dormant Account means the Customer’s trading account in which there have been no trades for a period of more than 60 Calendar days.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Running Account Bill means a bill for the payment of "On Account" money to the Contractor during the progress of work on the basis of work done and the supply of non-perishable materials to be incorporated in the work.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Earnings Account means, in relation to a Ship, an account in the name of the Borrower owning that Ship with the Account Bank designated as the Earnings Account for that Ship, or any other account (with the Account Bank or the Agent or with another bank or financial institution acceptable to the Majority Lenders) for the purpose of receiving all charter hire and other amounts paid under the relevant Time Charter;

  • Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.

  • Earnings Accounts means the bank accounts of each of the Obligors from time to time each of which shall be held with the Agent or any of the Agent’s corresponding banks and to which all the Earnings and any proceeds of the Insurances shall be paid.

  • PRE-2017 NET OPERATING LOSS CARRYFORWARD means any net operating loss incurred in a taxable year beginning before January 1, 2017, to the extent such loss was permitted, by a resolution or ordinance of the Municipality that was adopted by the Municipality before January 1, 2016, to be carried forward and utilized to offset income or net profit generated in such Municipality in future taxable years.(B) For the purpose of calculating municipal taxable income, any pre-2017 net operating loss carryforward may be carried forward to any taxable year, including taxable years beginning in 2017 or thereafter, for the number of taxable years provided in the resolution or ordinance or until fully utilized, whichever is earlier.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Consolidated Account means an account which is a consolidation of any separate accounts of a person who is liable for payment to the Municipality;

  • Expense Account The account established pursuant to Section 10.3(c).

  • Separate Accounts means the accounts which are to be prepared for each