Submission of Value of Production and Pricing Statement. The Value of Production and Pricing Statement for each Quarter shall be submitted to the Designated Authority not later than twenty one (21) days after the end of such Quarter.
Submission of Value of Production and Pricing Statement. The Value of Production and Pricing Statement for each Quarter shall be submitted to the Ministry not later than twenty-one (21) days after the end of such Quarter. Clause 7 – Cost Recovery Statement
Submission of Value of Production and Pricing Statement. The Value of Production and Pricing Statement for each Quarter shall be submitted to ANPM not later than twenty-one (21) Days after the end of such Quarter. Clause 7 – Cost Recovery Statement
Submission of Value of Production and Pricing Statement. The Value of Production and Pricing Statement for each Quarter shall be submitted to the Ministry and the Agency not later than thirty (30) days after the end of such Quarter. SUPPLEMENT E: FORM OF PARENT COMPANY GUARANTEE Applicant: (Investor) Beneficiary: Ministry of Environment and Energy Xxxxxxxx xxxxx 00 00000 Xxxxxx, Xxxxxxxx of Croatia (hereinafter "Ministry") In consideration of your having contracted by way of an Production Sharing Agreement for exploration and exploitation of hydrocarbons in the Exploration Block (insert Exploration Block name) dated............................ (hereinafter called “the Agreement”) with (Investor), a company formed and existing in accordance with the laws of the _______________ (hereinafter called “the Investor”) for the execution of the Minimum Work Obligations (“The Obligations”) as identified in accordance with Article 5. of the Agreement, the value of which for purposes of this Bank Guarantee is calculated in accordance with Article 15. of the Agreement at EUR............................ (in words: ............................ Euro) and since it being a condition of the Agreement that a Bank Guarantee equal to thirty percent (30%) of the total amount to be spent with respect to Phase (insert Phase number depending on the Phase for which Bank Guarantee is issued) of the Exploration Period, as determined by the Agreement (the “Applicable Term”), we hereby issue our Bank Guarantee no. (insert number). We, (insert bank name and address) (hereinafter Called "the Guarantor"), waiving all objections and defenses under the aforesaid Agreement, hereby irrevocably, unconditionally and independently guarantee to pay to you without delay on first written demand any amount claimed by you up to the extent of EUR ............................ (in words: ............................Euro) (“Maximum Guaranteed Value“) based on your written demand stating that the Investor has refused or failed to perform the Obligations with respect to the Applicable Term as set out in Article 5. of the Agreement, in accordance with its provisions. The Maximum Guaranteed Value shall reduce on presentation to the Guarantor of a certificate from the Ministry confirming that the relevant Bank Guarantee may be reduced and confirming the revised Maximum Guaranteed Value. It is understood that any change, modification, addition or amendment, which may be made to the terms and conditions of the Agreement or to the payment to be made on account thereof ...
Submission of Value of Production and Pricing Statement. The Value of Production and Pricing Statement for each Calendar Quarter shall be submitted to ANPM not later than twenty-one (21) Days after the end of such Calendar Quarter. Clause 7 – Cost Recovery Statement
