Administrative Overhead and General Expenses Sample Clauses

Administrative Overhead and General Expenses. (1) While CONTRACTOR is conducting Exploration operations, the cost of staffing and maintaining CONTRACTOR's head office in the A.R.E. and/or other offices established in the A.R.E. as appropriate other than field offices which shall be charged as provided for in Article II (i) of this Annex, and excepting salaries of employees of CONTRACTOR who are temporarily assigned to and directly serving on the Area, which shall be charged as provided for in Article II (b) of this Annex.
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Administrative Overhead and General Expenses. The services of all personnel of Contractor’s head office or its Affiliates not otherwise chargeable, as well as the contribution of Contractor’s head office or its Affiliates to Petroleum Operations of an intangible nature and any overhead or its indirect cost incurred by Contractor’s head office or its Affiliates shall be compensated by a charge based on one percent (1%) of Petroleum Costs incurred during each Calendar Year or a fraction thereof. The basis of applying this percentage shall be the total Petroleum Costs incurred in respect of Petroleum Operations and charged under the Accounting Procedures to the Operating Account during each Financial Year or fraction thereof, excluding administrative overhead as allowed in this Article. From the Date of Transfer of Operatorship, the payment for the above administrative overhead charges shall be shared equally between Contractor and ROC.
Sample 1
Administrative Overhead and General Expenses. The services of all personnel of Contractor’s head office or its Affiliates not otherwise chargeable, as well as the contribution of Contractor’s head office or its Affiliates to Petroleum Operations of an intangible nature and any overhead or its indirect cost incurred by a Company’s head office or its Affiliates shall be compensated by a charge based on one percent (1%) of Petroleum Costs and Supplementary Costs (excluding the signature bonus paid under Article 4 of the Contract) during each Calendar Year or a fraction thereof. The basis of applying this percentage shall be the total of Supplementary Costs (excluding the signature bonus paid under Article 4 of the Contract) and Petroleum Costs incurred in respect of Petroleum Operations and charged under this Accounting Procedure to the Operating Account during each Financial Year or fraction thereof, excluding administrative overhead as allowed in this section. The above administrative overhead charges shall be paid i) while ROC is Operator 50% to ROC and fifty (50)% to Companies, and ii) once FOD becomes Operator 100% to Companies pursuant to Article 19 of this Contract.
Sample 1
Administrative Overhead and General Expenses. The services of all personnel of a Company’s head office or its Affiliates not otherwise chargeable, as well as the contribution of a Company’s head office or its Affiliates to Petroleum Operations of an intangible nature and any overhead or its indirect cost incurred by a Company’s head office or its Affiliates shall be compensated by a charge based on one percent (1%) of Petroleum Costs and Supplementary Costs during each Calendar Year or a fraction thereof. The basis of applying this percentage shall be the total of Supplementary Costs and Petroleum Costs incurred in respect of Petroleum Operations and charged under this Accounting Procedure to the Operating Account during each Financial Year or fraction thereof, excluding administrative overhead as allowed in this section. The above administrative overhead charges shall be paid to Companies pursuant to Article 19 of this Contract.
Sample 1
Administrative Overhead and General Expenses. The services of all personnel of Contractor’s head office or its Affiliates not otherwise chargeable, as well as the contribution of Contractor’s head office or its Affiliates to Petroleum Operations of an intangible nature and any overhead or its indirect cost incurred by a Company’s head office or its Affiliates shall be compensated by a charge based on one percent (1%) of Petroleum Costs and Supplementary Costs (excluding the signature bonus paid under Article 4 of the Contract) during each Calendar Year or a fraction thereof. The basis of applying this percentage shall be the total of Supplementary Costs (excluding the signature bonus paid under Article 4 of the Contract) and Petroleum Costs incurred in respect of Petroleum Operations and charged under this Accounting Procedure to the Operating Account during each Financial Year or fraction thereof, excluding administrative overhead as allowed in this section. The above administrative overhead charges shall be paid i) while SOC is Operator 50% to SOC and fifty (50)% to Companies, and ii) once FOD becomes Operator 100% to Companies pursuant to Article 19 of this Contract.
Sample 1

Related to Administrative Overhead and General Expenses

  • General Expenses You authorize the Manager to charge your account with your Underwriting Percentage of all expenses of a general nature incurred by the Manager and Co-Managers under the applicable AAU in connection with the Offering, including the negotiation and preparation thereof, or in connection with the purchase, carrying, marketing and sale of any securities under the applicable AAU and any Intersyndicate Agreement, including, without limitation, legal fees and expenses, transfer taxes, costs associated with approval of the Offering by the NASD and the costs of currency transactions (including forward and hedging currency transactions) entered into to facilitate settlement of the purchase of Securities permitted under Section 3.1 hereof.

  • FUNERAL EXPENSES The City shall expend a sum not to exceed $30,000 for funeral expenses to the heirs of any employee covered by this MOU who dies while on active duty from injuries incurred while performing his/her job or who dies as a direct cause of such injuries. This amount includes the amount already available for this purpose in accordance with California State Labor Code Section 4701.

  • Administrative Costs Administrative costs will not be included in the budget neutrality agreement, but the state must separately track and report additional administrative costs that are directly attributable to the demonstration. All administrative costs must be identified on the Forms CMS-64.10 Waiver and/or 64.10P Waiver.

  • Administrative Expenses Notwithstanding anything to the contrary contained in the Current HPA as amended by this Second Amendment, HFA and Eligible Entity may from time to time submit adjusted budgets to Treasury requesting approval to re-allocate HHF Funds to pay actual program expenses as set forth on a proposed Schedule C. In the event that Treasury shall approve an adjusted budget, in Treasury’s sole discretion, the parties shall enter into an amendment to the HPA to modify Schedules A, B and C as necessary.

  • Organizational Expenses; Liabilities of the Holders (a) The Servicer shall pay organizational expenses of the Issuer as they may arise.

  • Reimbursement of Legal Expenses The Company shall promptly reimburse Executive for all reasonable legal fees incurred by Executive in connection with the preparation, negotiation and execution of this Agreement and ancillary documents.

  • Amendment costs If (a) the Borrower requests an amendment, waiver or consent or (b) an amendment is required pursuant to Clause 27.9 (Change of currency), the Borrower shall, within three Business Days of demand, reimburse the Agent for the amount of all costs and expenses (including legal fees) reasonably incurred by the Agent in responding to, evaluating, negotiating or complying with that request or requirement.

  • Medical Expenses 1. Employees exposed to hazardous physical, biological, or chemical agents shall be provided, at no cost to the employee, with medical examinations or evaluations required by VOSHA regulations. If there are no specific VOSHA regulations or standards for the agent in question, recommendations of the National Institute of Occupational Safety and Health or other generally recognized expert organization shall be used, as determined by the Commissioner of Health.

  • Administrative Matters (a) The Member is the sole member of the Company. Accordingly, for U.S. federal income tax purposes, the Company shall be disregarded as an entity separate from the Member, and the assets and liabilities and all items of income, gain, loss and deduction shall be treated as the assets and liabilities and items of income, gain, loss and deduction of the Member.

  • Business and Entertainment Expenses Subject to Company’s standard policies and procedures with respect to expense reimbursement as applied to its executive employees generally, Company shall reimburse Executive for, or pay on behalf of Executive, reasonable and appropriate expenses incurred by Executive for business related purposes, including dues and fees to industry and professional organizations and costs of entertainment and business development.

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