General Overhead Clause Samples

General Overhead. General Overhead includes the costs of: 2.5.1 The running of main offices, field offices and general overhead incurred in Cameroon including, without limitation, costs incurred for supervision, accounting, and relations with employee services, subcontractors and the public. 2.5.2 A compensatory payment called "head office overhead" for expenses incurred for services rendered by the Affiliate outside of Cameroon in order to assist and manage Petroleum Operations (hereafter, "Affiliate Company Overhead"). 2.5.2.1 Affiliate Company Overhead will be deemed to cover the actual costs listed in Article 2.5.2.2 below and which meet all of the following conditions: 2.5.2.1.1 They are incurred by the departments of the Affiliate of the CONTRACTOR, including, without limitation, the Exploration department, the production department, finance department, taxation and legal departments, communications, computer services, administrative departments and research and engineering facilities; 2.5.2.1.2 They shall not, by virtue of their nature, be entered into accounting, audited, measured, analysed and controlled under any of the provisions of this Accounting Procedure, except by means of increased manpower and financial resources which are out of proportion to the objective being sought. Such operations may also disclose confidential data belonging to the Affiliate of the CONTRACTOR; and 2.5.2.1.3 They are properly chargeable to Petroleum Operations. 2.5.2.2 (i) Salaries, wages and labour burden, employee benefits, travel, hotel and other reimbursable expenses paid by the CONTRACTOR during the period in question to the Affiliate in accordance with usual practice in the international oil and gas industry; and

General Overhead. The costs referred to in paragraph 2.5.1 above and the charge referred to in paragraph 2.5.2 of this Accounting Procedure.

General Overhead. All other administrative and general expenditures, including salaries and wages, bonuses, related benefits and expenses of personnel of the Operator and/or the Operator's Affiliates (excluding the personnel referred to in Sections 3.02 of this Article III) who render services for the benefit of the Operator (in the performance of its obligations hereunder) or the Company, including but not limited to, administrative, public relations, personnel, purchasing, legal and treasury, shall be charged as follows: Pre-Completion Period: two percent (2%) of direct labor costs Thereafter: five percent (5%) of direct labor costs PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED, a corporation duly organized and existing under the laws of the State of North Carolina (herein referred to as the "Company," which term includes any successor corporation under the Indenture referred to hereinafter), for value received, hereby promises to pay to ___________________________________, or registered assigns, the principal sum of _____________________________ Dollars on January 15, 2026, and to pay interest thereon from January 16, 1996 or from the most recent interest payment date (each such date, an "Interest Payment Date") to which interest has been paid or duly provided for, semi-annually in arrears on January 15 and July 15 of each year, commencing July 15, 1996, and when the principal hereof shall have become due and payable, whether at maturity, upon call for redemption, by declaration of acceleration or otherwise ("Maturity"), at the rate of 6.99% per annum until the principal hereof shall have become so due and payable, and on any overdue principal and premium, if any, and (to the extent that payment of such interest is enforceable under applicable law) on any overdue installment of interest at the same rate per annum. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. In the event that any date on which interest is payable on the Securities of this series is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay), with the same force and effect as if made on such date. The interest installment so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose ...

General Overhead. A CLICA will be charged for a portion of CLA's overhead. CLA will allocate overhead costs to CLICA based on the cost allocation system referred to in SECTION 14 hereto. In addition, CLICA will incur certain overhead items in its own right. CLICA will have complete control over these overhead items and will pay for them directly.

General Overhead. All other administrative and general expenditures, including salaries and wages, bonuses, related benefits and expenses of personnel of the Operator and/or the Operator's Affiliates (excluding the personnel referred to in Sections 3.02 of this Article III) who render services for the benefit of the Operator (in the performance of its obligations hereunder) or the Company, including but not limited to, administrative, public relations, personnel, purchasing, legal and treasury, shall be charged as follows: