OML Business definition

OML Business means the petroleum operations conducted by the Allied Parties with respect to the OMLs, including the Oyo Field, under the PSC.
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Examples of OML Business in a sentence

  • The Allied Parties will be responsible for any and all fees or expenses of ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇, P.C. and any other fees or expenses incurred in connection with the preparation and audit of the OML Business Audited Financials and the preparation and review of the OML Business 2013 Interim Financials and the OML Business Supplemental Financial Statements.

  • The Allied Parties will also cause ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇, P.C. to prepare and provide, not later than forty-five (45) days after the end of each such quarter, a review report by ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇, P.C. prepared in accordance with the Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants, without exception or qualification, as to the related OML Business Supplemental Financial Statements.

  • The Allied Parties will also assist the CEI Parties in the preparation of historical and pro forma financial information with respect to the OML Business, which may be included by the CEI Parties in private offering materials or “bank books,” or in documents filed with the SEC subject to the CEI Parties providing customary indemnification to the directors, officers and employees of the Allied Parties who provide such information.