CODAS definition
CODAS means the Accounting Procedures for Joint Operations Recommended by the Council of Petroleum Accountants Societies, then in effect, with respect to onshore or offshore operations, as applicable, and as applied to properties located in the same geographical area with the Leases.
Examples of CODAS in a sentence
If a Highly Compensated Employee participates in two or more such plans or CODAs, that have different plan years, all such plans or CODAs ending with or within the same calendar year are treated as a single arrangement; however, certain plans (and the CODAS in these plans) shall be treated as separate if they are mandatorily disaggregated under Treasury Regulations under Section 401(k) of the Code.
WITH RESPECT TO ANY LOSSES ARISING BY REASON OF A BREACH OF ANY OF CODA'S REPRESENTATIONS AND WARRANTIES MADE IN SECTION 2.01, ALL OF SAID REPRESENTATIONS AND WARRANTIES SHALL BE DEEMED TO HAVE BEEN MADE WITHOUT ANY MATERIALITY OR KNOWLEDGE QUALIFICATIONS.