R-Factor definition

R-Factor is the ratio of cumulative Cash Receipts to cumulative Expenditures in the conduct of Petroleum Operations pursuant to Article 19.4.
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R-Factor means, in respect of the First Period and in respect of each subsequent Calendar Quarter, the product of: (i) Cumulative Gross Inflows for the First Period or that Calendar Quarter, as the case may be, divided by (ii) Cumulative Total Outflows for the First Period or that Calendar Quarter, as the case may be.
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R-Factor means the profitability mechanism used by the Parties to determine Profit Petroleum allocations, as defined in Article 14. „R-Faktor” znači mehanizam za utvrđivanje profitabilnosti kojim ▇▇ ▇▇▇▇▇▇ koriste kako bi utvrdile podjelu Dobiti u ugljikovodicima, ▇▇▇▇ ▇▇ definirano u članku 14.
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Examples of R-Factor in a sentence

  • For the avoidance of doubt, Expenditures under 19.4 (ii) and (iii) are included as Expenditures for purposes of determining the R-Factor, but shall not be Petroleum Costs.

  • The R-Factor shall be calculated on the last day of each calendar year and the applicable ratio shall determine the sharing of Profit Petroleum throughout the following calendar year.

  • Any Capital Expenditures incurred prior to the Effective Date shall not be deemed for the purpose of the R-Factor calculation to have been incurred during the year for the Effective Date.

  • For the purpose of calculating the R-Factor, the first year (n=1) shall be the year during which the Effective Date occurs.

  • Investor has the right to have an independent auditor (from a reputable firm of chartered accountants) to calculate the R-Factor.


More Definitions of R-Factor

R-Factor means, for the purposes of Article 13 hereunder, the ratio of the cumulative sum of the Contract Revenues to the Cumulative sum of the Contract Expenses. 1.57 “Renewal Period” means the First Renewal Period or the Second Renewal Period referred to in paragraphs 4.1.2 and 4.1.3 hereunder. 1.58 “Reservoir” means a porous and permeable stratum capable of producing Petroleum and which must be considered, because of the character of the substances it holds (similitude of physical properties, density, Gas-Oil ratio, viscosity and a pressure relationship) as a unit in regard to its natural exploitation. 1.59 “Second Renewal Period” has the meaning ascribed to it in paragraph 4.1.3
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R-Factor has the meaning given to it in Article 18.7;
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R-Factor means, for the purposes of Article 13 hereunder, the ratio of the cumulative sum of the Contract Revenues to the Cumulative sum of the Contract Expenses.
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R-Factor means an actuarial variable applied by Conseco Life to the cost of insurance calculation on the Policies until it was eliminated by Conseco Life beginning on September 30, 2003, for Lifestyle Policies and beginning on April 30, 2004, for Lifetime Policies.
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R-Factor. The Compensation for Mine Utilization as a percentage of revenue from gas sales R < 1.76 0 1.76 < = R <= 1.80 4.S 1.80< =R< =1.90 6.0 190 < = R < = 2.00 13.5 R > 2.00 18.0
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R-Factor means, for any Quarter, the number calculated and designated as the R- Factor pursuant to Article 24 of this EPA.
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R-Factor means the total cumulative revenue from the activity related to the concession for all reported periods minus royalties paid divided by the total cumulative costs incurred by the Permit Holder and related to the Concession (Exploration, Appraisal, Development, Operating and Restoration Costs) for all reported periods, however, excluding financial costs. The R-factor is calculated using the following formula:
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