GHPL definition
Examples of GHPL in a sentence
In accordance with Section 2.1 (f) hereunder off-site technical work should be subject to approval in writing by the GHPL.
In such a case Operator shall promptly provide a copy of the operating agreement and any amendment thereto to GHPL.
GHPL shall reimburse the foreign Working Interest Owners for all expenses incurred in rendering to GHPL any such assistance on a no-profit no-loss basis.
Such insurance policies shall include DGPC, the Government and GHPL as additional insured and underwriters of such insurance coverage for and on behalf of the Contractor, shall waive subrogation against DGPC, the Government and GHPL.
Within ninety (90) days after the Effective Date, Contractor shall present to GHPL a proposed outline of charts of accounts (including detailed classifications of costs and detailed nature of cost centres as specified in Sections 2 and 3 hereof) to be used.
The Accounts shall be audited for the period from the Effective Date to the end of the corresponding Calendar Year, and thereafter annually each Calendar Year through an internationally recognised firm of qualified independent chartered accountants as will be selected in accordance with Article 23.5. Copies of the audit reports shall be delivered to the President and GHPL within six (6) Months of the end of each Calendar Year to which the Accounts pertain.
However, nothing contained in this Article shall absolve Contractor from its obligations towards the Government or GHPL for which Contractor will be solely and exclusively responsible.
Further, the Contractor shall provide to GHPL each Calendar Quarter an Inventory Statement containing the information required by Section 7.3 and a Quarterly Statement containing the information required by Section 14.
All budgets thereafter shall be submitted not later than seventy five (75) Days prior to the beginning of each Calendar Year and additional budget at the same time for the GHPL (if applicable) planning purposes for the period 01 July of that year to thirty (30) June of the succeeding year.
GHPL and Contractor shall as soon as possible after the Effective Date give notice in writing to the other of the name and address of their respective members and alternate members to serve on the Management Committee.