Contractor Consideration definition

Contractor Consideration means, with respect to any Month beginning with the Month in which Regular Commercial Production commences, the share of Hydrocarbon production from the Contract Area that the Contractor is entitled to receive in such Month in accordance with Article 16.3 and Annex 3.
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Contractor Consideration means, with respect to any Month beginning with the Month in which Regular Commercial Production starts, the onerous transfer of Net Hydrocarbons in accordance with Article 16.3 and Annex 3.
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Examples of Contractor Consideration in a sentence

  • The portion of the Contractor Consideration regarding the Recoverable Costs Reimbursement shall not exceed the Recoverable Costs Limit, as provided by the provisions of Annex 3, in any Month during the term of this Contract.

  • To the extent that such adjustment period includes a delivery period for which the State Consideration or the Contractor Consideration has been paid, measurements adjusted pursuant to this Article 12.5 shall be used to recalculate the amount due for the period of inaccuracy as provided in Annex 3.

  • The Contractor Consideration for any given Month shall consist of the onerous transfer of the Net Hydrocarbons corresponding to that Month.

  • The Contractor may market the portion of the Net Hydrocarbons corresponding to the Contractor Consideration on its own behalf or through any other registered marketer, provided that if the Contractor commercializes its share of the production to which it is entitled within Mexico, the marketer must be registered with the Energy Regulatory Commission of Mexico in accordance with the Applicable Laws.

  • To the extent that such adjustment period includes a delivery period for which the State Consideration or the Contractor Consideration has been paid, measurements adjusted pursuant to this Article 12.5 shall be used to recalculate the amount due for the period of inaccuracy.

  • To the extent that such adjustment period includes a delivery period for which the State Consideration or the Contractor Consideration has been paid, measurements adjusted pursuant to this Article 11.5 shall be used to recalculate the amount due for the period of inaccuracy as provided in Annex 3.

  • The Fund shall determine the State Consideration and the Contractor Consideration for each Month in accordance with this Contract beginning upon commencement of Regular Commercial Production based on the information relating to production, quality and other data it receives from the Contractor and CNH.

  • Each of the Participating Companies may market the portion of the Net Hydrocarbons equivalent to its corresponding portion, of the Contractor Consideration on its own behalf or through any other registered marketer, provided that if any of the Participating Companies commercializes its part of the production to which it is entitled within Mexico, the marketer must be registered with the Energy Regulatory Commission of Mexico in accordance with the Applicable Laws.

  • Each of the Participating Companies may market the portion of the Net Hydrocarbons equivalent to the portion corresponding to each of them to the Contractor Consideration on its own behalf or through any other registered marketer, provided that if any of the Participating Companies commercializes its part of the production to which it is entitled within Mexico, the marketer must be registered with the Energy Regulatory Commission of Mexico in accordance with the Applicable Laws.

  • Each Participating Company may market the portion of the Net Hydrocarbons corresponding to its share of the Contractor Consideration on its own behalf or through any other marketer, provided that if any Participating Company commercializes its share of the production to which it is entitled within Mexico, the marketer must be registered with the Energy Regulatory Commission of Mexico in accordance with the Applicable Laws.