Abandonment Costs definition

Abandonment Costs means the costs incurred for resources acquired and abandoned pursuant to

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Abandonment Costs means, subject to Article 7.13 of PSA and expressly includes a cost, expense or other amount incurred in closing down, decommissioning, abandoning, or wholly or partly removing assets in the Contract Area, keeping assets in the Contract Area in a safe condition following cessation of production pending abandonment and restoration of land or seabed in the Contract Area. A cost, expense or other amount shall constitute an Abandonment Cost only to the extent that it is a cost, expense or other amount that is performed in accordance with good international Petroleum industry practice or expressly approved by the DGPC for inclusion as an Abandonment Cost of the Contractor for the Contract Area, and is incurred prior to, or within reasonable time after the cessation of Commercial Production as per approved Abandonment Plan and Budget;

Abandonment Costs means the estimated costs to abandon the pipeline systems and associated facilities, including the costs of abandonment planning, as updated from time to time and as approved by or filed with the NEB.

Examples of Abandonment Costs in a sentence

In case that the funds in the Abandonment Trust are insufficient to cover all Abandonment Costs, the Contractor shall be responsible to cover the missing amount.
In the Abandonment Trust contract it shall be established that, in case of a residual in the fund and once the Abandonment Costs have been covered, the resources shall be delivered to the Contractor, prior authorization by the CNH that certifies the total compliance with the Abandonment obligations in terms of this Contract and the approved Development Plans.
Once the Abandonment Costs are covered, Contractor will withdraw its Abandonment Costs from the escrow account.
If, after ninety (90) days of receipt of the LICENSEE's estimate, AKBN has failed to forward comments to the LICENSEE in writing, the estimated Abandonment Costs proposed by the LICENSEE will be deemed to have been approved by AKBN.
Should the Parties disagree on the Owed Amounts, RSG shall pay the undisputed amount and EASTSIDE shall ship / deliver Product as scheduled and the Parties will make good faith efforts to resolve the disputed amounts within thirty (30) days.

More Definitions of Abandonment Costs

Abandonment Costs means, subject to Article 35 any cost, expense or other amount incurred in closing down, decommissioning, abandoning, or wholly or partly removing assets in the Contract Area, keeping assets in the Contract Area in a safe condition following cessation of production pending abandonment and restoration of land or seabed in the Contract Area. A cost, expense or other amount shall constitute an Abandonment Cost only to the extent that it is a cost, expense or other amount that is incurred in accordance with good international Petroleum industry practice or expressly approved by Petrobangla and / or Government for inclusion as an Abandonment Cost of the Contractor for the Contract Area, and is incurred prior to or within a reasonable time after the cessation of Commercial Production as per approved Abandonment Plan.

Abandonment Costs means all of the costs to be incurred to perform Abandonment Work;

Abandonment Costs means, in relation to a Borrowing Base Asset and/or the Infrastructure relative thereto, the estimated cost to the Parent Obligor Group of final abandonment and/or demolition and removal of all installations together with any necessary site reinstatement as may be required by the Field Licences and/or any relevant laws or regulations after allowing for estimated salvage value (if any) and any other expected receipts from abandonment and/or demolition and removal (excluding Tax) in relation to that Borrowing Base Asset.

Abandonment Costs means all costs and expenses incurred in connection with the performance of Abandonment Operations in a Phase I Well.

Abandonment Costs means costs and expenditures (whether of a capital or operational nature) incurred or to be incurred in connection with the Abandonment of facilities or equipment.

Abandonment Costs has the meaning provided in Exhibit R.2(c)(i)(A).

Abandonment Costs means all fees, costs, and expenses incurred in connection with any Asset proposals or development pursued by the Company, the Manager, or a Series that do not proceed to completion.