EDPC definition

EDPC means those performance credits, as referred to in paragraph 8.1 of this Schedule 7 (Economic Development Obligations);
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Examples of EDPC in a sentence

  • As between ROC and Contractor, the provisions of the EDPC shall continue to apply and govern all matters other thanthose covered by this Agreement relating to the lifting of Export Oil in satisfaction of payment obligations under the EDPC.

  • The actual value of any such excess Export Oil lifted by any Companywill reduce the outstanding balance of due Petroleum Costs and Remuneration under the EDPC as reflected in the then most current Invoice.

  • Capitalized terms used herein, unless otherwise defined in this Agreement, shall have the same meaning as defined in the EDPC.

  • The Parties are entering into this Agreement to implement ROC's obligation to pay the Contractor the amounts due by ROC pursuant to the EDPC for the services rendered by Contractor to ROC.