Projected capacity Sample Clauses

Projected capacity. Approximate starting date of the construction and duration thereof. Within ninety (90) days counted as from the date of the notice, the other Party, through a written notice, shall be entitled to decide whether it participates in the projected additional facilities. In the event said Party chooses not to participate in the additional facilities, or does not reply to the proposal of the participating Party, hereinafter called the constructor Party, the latter may proceed with the additional facilities and order the Operator to construct, operate and maintain said facilities at the exclusive expense and risk of the constructor Party, without prejudice to the normal development of the Joint Operations. The constructor Party may negotiate with the other Party the use of said facilities for the Joint Venture. During the time that the facilities are operated for the account and risk of the constructor Party, the Operator shall charge it for all the operating and maintenance costs of the additional facilities in accordance with the generally accepted accounting standards. CHAPTER V - JOINT ACCOUNT
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Projected capacity. Approximate date of commencement of the construction and duration thereof. Within ninety (90) days starting on the date of notification, the other Party shall have the right to decide whether it intends to participate in the projected additional facilities, by giving written notice. In the event that such Party should elect to not participate in the additional facilities, or does not reply to the Participating Party’s proposal, hereinafter “the Constructing Party”, the latter may proceed with the additional facilities and will instruct the Operator to build, operate, and maintain such facilities at the exclusive risk and expense of the Constructing Party, without prejudice to the normal development of the Joint Operation. The Constructing Party may negotiate the use of such facilities for the Joint Operations, with the other Party. During the time the facilities are operated at the risk and expense of the Constructing Party, the Operator shall charge such Party for all operating and maintenance costs of the additional facilities, in accordance with generally accepted accounting practices.
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Projected capacity. Approximate date of commencement of the construction and duration thereof. Within ninety (90) days starting on the date of notification, the other Party shall have the right to decide whether it intends to participate in the projected additional facilities, by giving written notice. In the event that such Party should elect to not participate in the additional facilities, or does not reply to the Participating Party's proposal, hereinafter "the Constructing Party", the latter may proceed with the additional facilities and will instruct the Operator to build, operate, and maintain such facilities at the exclusive risk and expense of the Constructing Party, without prejudice to the normal development of the Joint Operation. The Constructing Party may negotiate the use of such facilities for the Joint Operations, with the other Party. During the time the facilities are operated at the risk and expense of the Constructing Party, the Operator shall charge such Party for EMPRESA COLOMBIANA DE PETROLEOS ECOPETROL RIO ▇▇▇▇▇▇▇▇▇ ASSOCIATION CONTRACT Pag. 35 all operating and maintenance costs of the additional facilities, in accordance with generally accepted accounting practices. CHAPTER V - JOINT ACCOUNT
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Projected capacity. 21.4.3 Approximate date of commencement and length of the construction . Within ninety (90) days from the date of notice, the other Party has the right to decide whether or not it will participate in the proposed additional facilities, by means of a written notice. If such Party elects not to participate in the additional facilities, or fails to reply to the Participating Party's Proposal- which Party shall hereinafter be called the Constructing Party , the latter may proceed with the additional facilities and request Operator to construct, operate and maintain such Facilities at the sole cost and risk of the Constructing Party, without prejudice to the normal performance of the Joint Operations. The constructing Party may negotiate with the other Party for the use of said facilities for the Joint Operation. During the time the facilities are operated for the Constructing Party's sole account and risk, Operator shall charge to the latter all the costs of operation and maintenance of the additional facilities, in accordance with generally accepted accounting rules. CHAPTER V- JOINT ACCOUNT CLAUSE 22 - HANDLING 22.1 Without prejudice to any provisions hereunder, expenses covering exploration operations shall be for ASSOCIATE's account and risk. <PAGE> 53 No.30154/Err 22.2 As from the time the Parties accept the existence of a Commercial Field, and subject to the provisions of Clause 5 (paragraph 5.2), Clause 13 (paragraphs 13.1 and 13.2), the ownership of the rights or Interest in the Operation of the Contract Area shall be divided as follows: ECOPETROL fifty per cent (50%) and THE ASSOCIATE fifty per cent (50%). From then on any expenses, payments, investments, costs and obligations incurred and contracted for the performance of the operations hereunder, as well as Direct Exploration Costs made by THE ASSOCIATE before and after the recognition of the existence of each Commercial Field and its extensions, in agreement with Clause 9 (paragraph 9.10), shall be charged to the Joint Account. Except as set forth in Clause 14 (paragraph 14.3) and 21, all properties acquired or used from then on for the performance of the operation of the Commercial Field shall be paid by, and belong to, the Parties in the same proportion as described in this Clause. 22.3 The Parties shall provide Operator, within the first five (5) days of each month, at the Bank designated by Operator, with their shares of the Budget, in accordance with the requirements and in the currency in whi...
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Related to Projected capacity

  • Contract Capacity The electric power producing capability of the Generating Facility which is committed to Edison.

  • Maximum Capacity The Sick Leave Bank shall accumulate unused Bank days from year to year to a maximum capacity which shall not exceed double the number of eligible employees as defined in the above Section C, Eligibility for Membership.

  • FREQUENCY AND CAPACITY LEVELS No restriction on frequency, capacity or aircraft types

  • Power and Capacity Each Shareholder has the power, authority and capacity to enter into this Agreement and to consummate the transactions contemplated hereby. This Agreement constitutes each Shareholder’s valid, legal and binding obligation and is enforceable against such Shareholder in accordance with its terms, subject, however, as to enforcement, to bankruptcy, insolvency, fraudulent transfer, moratorium and similar laws of general applicability relating to or affecting creditors’ rights;

  • INDEPENDENT CAPACITY The employees or agents of each party who are engaged in the performance of this Agreement shall continue to be employees or agents of that party and shall not be considered for any purpose to be employees or agents of the other party.