Basis of Charge to the Parties Sample Clauses
The 'Basis of Charge to the Parties' clause defines how costs, fees, or charges are allocated among the parties involved in an agreement. It typically outlines the method or formula for calculating payments, such as fixed fees, hourly rates, or reimbursement of expenses, and specifies which party is responsible for each type of charge. This clause ensures transparency and fairness in financial arrangements, helping to prevent disputes over payment obligations and clarifying each party's financial responsibilities under the contract.
Basis of Charge to the Parties. Subject to the other provisions of this Agreement, Operator shall pay all costs incurred under this Agreement, and each Party shall reimburse Operator in proportion to its Participating Interest. All charges, credits, and accounting for expenditures shall be made and done pursuant to Exhibit "C".
Basis of Charge to the Parties. Subject to other provisions of this Agreement, OPERATOR shall pay all costs and each PARTY shall reimburse OPERATOR in proportion to the PARTICIPATING INTEREST. All charges, credits and accounting for expenditures shall be pursuant to the Accounting Procedure attached hereto as Exhibit "C". The provisions of this Agreement shall prevail in the event of conflict with Exhibit "C".
Basis of Charge to the Parties. Subject to the other provisions of this Agreement, Operator shall pay all costs incurred under this Agreement, and each Party shall reimburse Operator in proportion to its Participating Interest. All charges, credits, and accounting for expenditures shall be made and done pursuant to Exhibit “C”. Before undertaking an operation or making a single expenditure to be in excess of __________ Dollars ($ _____), and before conducting an activity or operation to drill, Sidetrack, Deepen, Complete, Rework or Recomplete a well (regardless of the estimated cost), Operator shall submit an AFE for the operation or expenditure to the Parties for approval. Operator shall also furnish an informational AFE to all Parties for an operation or single expenditure estimated to cost __________ Dollars ($_____) or less, but in excess of __________ Dollars ($_____). Operator shall notify the Participating Parties as soon as reasonably possible when it appears the cost of an ongoing activity or operation, prior to its completion, will exceed the original AFE by more than ______________ percent (_____%) or __________________ Dollars ($____________), whichever is the greater amount. This overexpenditure notice shall be furnished to the Participating Parties as a supplemental AFE for informational purposes only and is not subject to an election by any of the Parties.