Operator’s Costs definition

Operator’s Costs means the costs incurred by the Operator in carrying out Operations; for greater certainty, costs which are “Applicable Costs and Deductions” in section 3.02 of Schedule 3 shall be included in Operator’s Costs, and costs which are excluded from “Applicable Costs and Deductions” in section 3.03 and 3.04 of Schedule 3 shall not form part of “Operator’s Costs;"
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Operator’s Costs means all reasonable and proper costs and expenses incurred by the Operator in performing its obligations under this Agreement
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Operator’s Costs has the meaning given to it in Section 6.6.
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Examples of Operator’s Costs in a sentence

  • The electric power bills shall be paid by the Owner, and shall form part of Applicable Deductions but not part of Operator’s Costs; provided, however, that electricity may be added by Owner, at its discretion, into Operator’s Applicable Costs within the first six months of the Term of this Agreement as set out in paragraph 5.2(a)(i) above.

  • Each Owner has paid its Proportionate Share of Operator’s Costs for the 2018 calendar year in full.

  • The Operator’s Costs expected to be levied under the Declaration for the 2019 calendar year in the aggregate is $___________.

  • Accordingly, Manager shall be authorized to pay any Operating Costs, Operator’s Costs or Fixed Charges provided for in the Approved Budget out of the Bank Account.

  • Each Owner has paid its Proportionate Share of Operator’s Costs to date to the extent due and payable.

  • The Operator, at its expense, which expense will be considered part of Operator’s Costs, will maintain, throughout the Term and any period when it is in possession of all or any portion of the Premises, the insurance (“Insurance”), which shall be any reasonable insurance that is required by the Owner within the first fifteen (15) days after the signing of this Agreement, to adequately cover any exposure that may exist in the Owner’s estimation.

  • The salary and expenses of the Owner’s Representative shall be paid by the Owner and shall form part of Applicable Deductions but not part of Operator’s Costs.

  • As of the beginning of each month during the Operating Term, Manager shall be permitted to maintain in the Bank Accounts a balance for working capital needs as reasonably determined by Manager from time to time in good faith, taking into account projected revenues and expenses and consistent with Operator’s obligations to provide funds to pay the Operating Costs, Fixed Charges and Operator’s Costs.

  • The total amount of Operator’s Costs for 2018 was $_____________.


More Definitions of Operator’s Costs

Operator’s Costs shall include all costs sustained by Operator, directly or indirectly, plus a general administrative charge amount of 10% of aggregate costs, and such costs shall include, without limitation, all costs to service Interests (it being understood that such Interest costs shall be directly borne by the Non-Operator unless the Operator has specifically agreed to pay the same on behalf of the Non-Operator), all costs of drilling and well establishment, all costs of producing Production (as defined below), all maintenance, all re-working, all transport, any and all taxes in relation to the Interests or Production borne by Operator, any costs borne to defend title to Interests, and all defense costs borne by Operator as a consequence of its acting as Operator (excepting only liabilities incurred by fraud or gross negligence). All costs shall be remitted to Operator within 30 days of invoice and thereafter shall bear interest at 1% per month. Any costs to be incurred of a capital nature or of a nature (determined at the discretion of Operator) not normally day-to-day operating costs may be determined by the Operator to be pre-billed as to the estimated amount and the Operator shall be under no obligation to effect such costs until its pre-bills have been funded. Unless the context otherwise clearly indicates, words used in the singular include the plural, the plural includes the singular, the neuter gender includes the masculine and the feminine.
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