{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "ratio-of", "type": "clause", "offset": [7, 15]}, {"key": "cash-receipts", "type": "definition", "offset": [27, 40]}, {"key": "conduct-of-petroleum-operations", "type": "clause", "offset": [75, 106]}, {"key": "pursuant-to-article", "type": "clause", "offset": [107, 126]}], "snippet": "is the ratio of cumulative Cash Receipts to cumulative Expenditures in the conduct of Petroleum Operations pursuant to Article 19.4.", "samples": [{"hash": "eYYmGnbOd7s", "uri": "/contracts/eYYmGnbOd7s#r-factor", "label": "Exploration, Development and Production Service Contract", "score": 25.1639035034, "published": true}, {"hash": "ebhFIICXvmj", "uri": "/contracts/ebhFIICXvmj#r-factor", "label": "Development and Production Service Contract", "score": 21.1724693759, "published": true}, {"hash": "8M95pmOm43f", "uri": "/contracts/8M95pmOm43f#r-factor", "label": "Gas Development and Production Service Contract", "score": 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Sharing Agreement", "score": 26.6481861739, "published": true}], "size": 1, "hash": "c549c17cc6b9121896aeef7f92699626", "id": 4}, {"snippet_links": [], "snippet": "has the meaning given to it in Article 18.7;", "samples": [{"hash": "gYFowYvYt8k", "uri": "/contracts/gYFowYvYt8k#r-factor", "label": "Model Development & Production Sharing Agreement", "score": 27.5647867201, "published": true}], "size": 1, "hash": "5d2b043a3cbad4645918757d809adf79", "id": 5}, {"snippet_links": [{"key": "article-13", "type": "definition", "offset": [27, 37]}, {"key": "ratio-of", "type": "clause", "offset": [53, 61]}, {"key": "the-cumulative", "type": "clause", "offset": [62, 76]}, {"key": "sum-of", "type": "clause", "offset": [77, 83]}, {"key": "contract-revenues", "type": "definition", "offset": [88, 105]}, {"key": "contract-expenses", "type": "clause", "offset": [135, 152]}], "snippet": "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.", "samples": [{"hash": "h8I9gYmz32z", "uri": "/contracts/h8I9gYmz32z#r-factor", "label": "Production Sharing Agreement", "score": 26.9794661191, "published": true}], "size": 1, "hash": "6405d6c272e7bb5283b6c9fdc52d87ab", "id": 6}, {"snippet_links": [{"key": "cost-of-insurance", "type": "clause", "offset": [59, 76]}, {"key": "the-policies", "type": "clause", "offset": [92, 104]}, {"key": "beginning-on", "type": "clause", "offset": [145, 157]}, {"key": "on-april", "type": "clause", "offset": [215, 223]}], "snippet": "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.", "samples": [{"hash": "gy2mAdY1CT3", "uri": "https://www.sec.gov/Archives/edgar/data/1224608/000122460807000005/exhibit1031.txt", "label": "Incentive Award (Conseco Inc)", "score": 6.0, "published": false}], "size": 1, "hash": "d1a2e68662467cc7e4e7f4f912563d71", "id": 7}, {"snippet_links": [{"key": "compensation-for", "type": "clause", "offset": [4, 20]}, {"key": "a-percentage", "type": "definition", "offset": [41, 53]}, {"key": "gas-sales", "type": "definition", "offset": [70, 79]}], "snippet": "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", "samples": [{"hash": "goTnnQRYWRy", "uri": "/contracts/goTnnQRYWRy#r-factor", "label": "Concession Agreement (Eurogas Inc)", "score": 18.0, "published": true}], "size": 1, "hash": "de24581698dcb7452a865dcbd0240b63", "id": 8}, {"snippet_links": [{"key": "pursuant-to-article", "type": "clause", "offset": [78, 97]}], "snippet": "means, for any Quarter, the number calculated and designated as the R- Factor pursuant to Article 24 of this EPA.", "samples": [{"hash": "6RpKV0VLm5X", "uri": "/contracts/6RpKV0VLm5X#r-factor", "label": "Exploration and Production Agreement", "score": 34.7416718168, "published": true}], "size": 1, "hash": "cc7c7b92bfb23e3bcdb0da200e52e6f6", "id": 9}, {"snippet_links": [{"key": "the-total", "type": "clause", "offset": [6, 15]}, {"key": "cumulative-revenue", "type": "definition", "offset": [16, 34]}, {"key": "the-activity", "type": "definition", "offset": [40, 52]}, {"key": "related-to", "type": "clause", "offset": [53, 63]}, {"key": "the-concession", "type": "clause", "offset": [64, 78]}, {"key": "divided-by", "type": "clause", "offset": [125, 135]}, {"key": "costs-incurred", "type": "definition", "offset": [157, 171]}, {"key": "the-permit-holder", "type": "definition", "offset": [175, 192]}, {"key": "restoration-costs", "type": "clause", "offset": [275, 292]}, {"key": "financial-costs", "type": "clause", "offset": [339, 354]}, {"key": "the-r", "type": "clause", "offset": [356, 361]}], "snippet": "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:", "samples": [{"hash": "dKUzJHAYSKm", "uri": "https://www.euro-petrole.com/docs/100809_090324_RjtSwV9C_document.pdf", "label": "www.euro-petrole.com", "score": 1.0, "published": false}], "size": 1, "hash": "1777b1355a66cfe96802cec3c16db0ae", "id": 10}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIRci1mYWN0b3IjMDAwMDAwMGEMogECZW4YACAA", "definition": {"snippet": "is the ratio of cumulative Cash Receipts to cumulative Expenditures in the conduct of Petroleum Operations pursuant to Article 19.4.", "title": "R-Factor", "size": 22, "id": "r-factor", "examples": ["For the avoidance of doubt, Expenditures under 19.4 (ii) and (iii) are included as Expenditures for purposes of determining the <strong>R-Factor</strong>, but shall not be Petroleum Costs.", "The <strong>R-Factor</strong> 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 <strong>R-Factor</strong> calculation to have been incurred during the year for the Effective Date.", "For the purpose of calculating the <strong>R-Factor</strong>, 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 <strong>R-Factor</strong>.", "In order to determine the <strong>R-Factor</strong>, the Investor shall keep a particular system of accounts to record, in Euros (EUR), income and expenditure related to the Petroleum Operations.", "The <strong>R-Factor</strong> shall be equal to the cumulative gross revenue minus the cumulative Royalty minus the cumulative income tax, divided by the cumulative recoverable Petroleum Expenditures on a Commercial Field basis.", "Specific Costs and accrued interest thereon and Potentially Recoverable Exploration and Appraisal Costs shall count together in the determination of the <strong>R-Factor</strong> pursuant to Article 19.4.", "The <strong>R-Factor</strong> shall be equal to the cumulative gross revenue minus the cumulative Royalty minus cumulative income tax, divided by cumulative Petroleum Expenditures on a Commercial Field basis.", "The <strong>R-Factor</strong> at a given date shall be calculated as follows: =/, whereby: X is equal to the Contractor\u2019s Cumulative Cash Inflows at the end of the preceding Calendar Quarter and Y is equal to the Contractor\u2019s Cumulative Cash Outflows at the end of the preceding Calendar Quarter."], "related": [["fit-factor", "Fit factor", "Fit factor"], ["load-factor", "Load factor", "Load factor"], ["weighting-factor", "Weighting factor", "Weighting factor"], ["interest-factor", "Interest Factor", "Interest Factor"], ["power-factor", "Power Factor", "Power Factor"]], "related_snippets": [], "updated": "2025-07-06T21:56:45+00:00"}, "json": true, "cursor": ""}}