Statements and Billings. 1.5.1 Unless otherwise agreed by the Parties or pursuant to Turnkey contracts, Operator shall submit monthly to each Party, on or before the 25th Day of each month, statements of the costs and expenditures incurred during the prior month, indicating by appropriate classification the nature thereof, the corresponding budget category, and the portion of such costs charged to each of the Parties. These statements, as a minimum, shall contain the following information: - advances of funds setting forth the currencies received from each Party - the share of each Party in total expenditures - the current account balance of each Party - summary of costs, credits, and expenditures on a current month, year-to-date, and inception-to-date basis or other periodic basis, as agreed by Parties - details of unusual charges and credits in excess of U.S. dollars five thousand (U.S.$5,000.00).
Statements and Billings. (A) Unless otherwise agreed by the Parties, Operator must submit Monthly to each Party, on or before the twenty-fifth (25th) Day of each Month, statements of the costs and expenditures incurred during the prior Month, indicating by appropriate classification the nature thereof, the corresponding budget category, and the portion of such costs charged to each of the Parties. These statements will, at a minimum, contain the following information:
Statements and Billings. The Operator shall prepare statements and bill the Partixxxxxxx as provided in Section 16.2 of the Agreement. Xxyment of any such billings by any Participant, including the Operator, shall not prejxxxxx xxch Participant's right to protest or question the correctness thereof for a period not to exceed 24 months following the calendar year during which such billings are received by the Participant. All written exceptions xx xxx claims upon the Operator for incorrect charges, billings or statements shall be made upon the Operator within such 20 xxxxx period.
Statements and Billings. 1.5.1 Unless otherwise agreed by the Parties, Operator shall submit monthly to each Party, on or before the tenth Day of each month, statements of the costs and expenditures incurred during the prior month, indicating by appropriate classification the nature thereof, the corresponding budget category, and the portion of such costs charged to each of the Parties. These statements, as a minimum, shall contain the following information: · advances of funds setting forth the currencies received from each Party, · the share of each Party in total expenditures, · the accrued expenditures, · the current account balance of each Party, · summary of costs, credits, and expenditures on a current month, year-to-date, and inception-to-date basis or other periodic basis, as agreed by Parties (such expenditures shall be grouped by the categories and line items designated in the approved Work Program and Budget submitted by Operator in accordance with Article 6.4 of the Agreement so as to facilitate comparison of actual expenditures against that Work Program and Budget), and · details of unusual charges and credits in excess of U.S. $ 10,000.
Statements and Billings. 2.01 The Operator shall, by invoice, charge each Xxxxxxipant with its Proportionate Share of Exploration Costs and Mine Costs in the manner provided in sections 7 and 15 of the Agreement respectively.
Statements and Billings. Operator shall bill Non-Operators on or before the last day of each month for their proportionate shine of the Joint Account for the preceding month. Such bills will he accompanied by statements which identify the authority for expenditure, lease or facility, and all charges and credits, summarized by appropriate classifications of investment and expense except thin items or Controllable Material and unusual charges and credits shall be separately identified and fully described in detail
Statements and Billings. The Manager shall prepare statements and bill the ParticipantsMembers as provided in Article X of the Agreement. Payment of any such xxxxxxxx by any ParticipantMember, including the Manager, shall not prejudice such Participant'Member’s right to protest or question the correctness thereof for a period not to exceed twenty-four (24) months following the calendar year during which such xxxxxxxx were received by the ParticipantMember. All written exceptions to and claims upon the Manager for incorrect charges, xxxxxxxx or statements shall be made upon the Manager within such twenty- four (24) month period. The time period permitted for adjustments hereunder shall not apply to adjustments resulting from periodic inventories as provided in Article V.
Statements and Billings. Operator shall bill Non-Operators on or before the last day of each month for their proportionate share of costs and expenses for the preceding month. Such bills will be accompanied by statements reflecting the total charges and credits as set forth under the subparagraph selected below:
Statements and Billings. Operator may submit a bill, statement or otherwise pxxxxxx xn accounting to Partnersxxx on the first day of each month for the estimated costs and expenses for the month and any adjustment which may be necessary to correct prior estimated billings to actual. Such bills, statements or accountings will xx xxxxarized by appropriate classifications indicative of the nature thereof.
Statements and Billings. 1.5.1 Unless otherwise agreed by the Parties, Operator shall issue quarterly to each Party, on or before the last Day of each quarter, statements of the costs and expenditures incurred during the prior quarterly period, indicating by appropriate classification the nature thereof, the corresponding budget category AFE and the portion of such costs charged to each of the Parties. These statements, as a minimum, shall contain the following information: ● Advances or Distribution of profits or funds received from each Party, ● the share of each Party in total expenditures, ● the accrued expenditures, ● the current account balance of each Party, ● summary of costs, credits and expenditures on a current quarterly, year-to-date basis, and ● details of unusual charges and costs in excess of US$200,000.
