State-Owned Contractor definition
Examples of State-Owned Contractor in a sentence
The obligations and liabilities of each Contractor under this Agreement except the State- Owned Contractor are the obligations and liabilities of them all except the State-Owned Contractor, jointly and severally.
For the avoidance of doubt, the State-Owned Contractor's Participating Interest in respect of the remainder of the Contract Area shall be carried and paid for by the Contractors (other than the State-Owned Contractor) in proportion to their respective Participating Interests (not including the State Owned Contractor's) until such time as the State Owned Contractor elects to convert its carried interest into a full working interest in accordance with Section 10.1.
If an assignment is proposed during the period of Production, the State-Owned Contractor - shall have a preferential right to such assignment, under the same terms and conditions specified in the assignment application, provided the designated State- Owned Contractor - shall be exempted from paying any transfer fee.
Paragraphs 5.3(b) and 5.4 do not apply to the State-Owned Contractor.
The obligations and liabilities of each Contractor under this Agreement except the State-Owned Contractor are the obligations and liabilities of them all except the State-Owned Contractor, jointly and severally.
This audit cost will be the State-Owned Contractor responsibility.
If an Assignment is proposed during the period of Production, the State-Owned Contractor shall have a preferential right to such Assignment, under the same terms and conditions specified in the Assignment application, provided however that the designated State-Owned Contractor shall be exempt from paying any transfer fee.
If an assignment or transfer is proposed during the period of Production, the ANP may direct that a State-Owned Contractor shall have a preferential right to such assignment or transfer, under the same terms and conditions specified in the assignment or transfer application, provided however that the designated State-Owned Contractor shall be exempt from paying any Transfer Fee.
For the avoidance of doubt, the State-Owned Contractor's Participating Interest in respect of the remainder of the Contract Area shall be carried and paid for by the Contractors (other than the State-Owned Contractor) in proportion to their respective Participating Interests (not including the State Owned Contractor's) until such time as the State Owned Contractor elects to convert its carried interest into a full working interest.