Ownership, Obligations and Liabilities. (A) Unless otherwise provided in this Agreement, all the rights and interests in and under the Contract, all Joint Property, and any Hydrocarbons produced from the Contract Area shall, subject to the terms of the Contract, be owned by the Parties in accordance with their respective Participating Interests.
Ownership, Obligations and Liabilities. 3.3.A Unless otherwise provided in this Agreement, all the rights and interests in and under the Contract, all Joint Property, and any Hydrocarbons produced from the Contract Area shall, subject to the terms of the Contract, be owned by the Parties in proportion to their respective Cost Percentages.
Ownership, Obligations and Liabilities. 3.3.1 Unless otherwise provided in this Agreement, all the rights and interests in and under the Licenses, all Joint Property and any Petroleum produced from the Licenses shall be owned by the Parties in accordance with their respective Percentage Interests.
Ownership, Obligations and Liabilities. (A) Unless otherwise provided in this Agreement, all the rights and interests in and under the Lease Agreement, all Property and any mineral goods produced from the Lease Area shall be subject to the terms of the Lease Agreement, and this Operating Agreement to be owned by the Parties in accordance with their respective Participating Interests.
Ownership, Obligations and Liabilities. Unless otherwise provided in ------------------------------------------ this Agreement:
Ownership, Obligations and Liabilities. A) Unless otherwise provided in this Agreement or either of the Farmout Agreements, all the rights and interests in and under the Concession, all Joint Property and any Hydrocarbons produced from the Concession Area shall, subject to the terms of the Concession and any laws and regulations which may be applicable, be owned by the Parties in accordance with their respective Participating Interests.
Ownership, Obligations and Liabilities. Unless otherwise provided in this Agreement, all the rights and interests in and under the EPCC, all Joint Property, and all Petroleum Produced from the EPCC Area shall, subject to the terms of the EPCC, be owned proportionally by the Concessionaires in accordance with their respective Participating Interests. Unless otherwise provided in this Agreement, the obligations of the Concessionaires under the EPCC and all liabilities and expenses incurred by Operator in connection with Joint Petroleum Operations shall be charged to the Joint Account and all credits to the Joint Account shall be shared by the Concessionaires that paid for the costs of the relevant Joint Petroleum Operation, in accordance with their respective paying Participating Interests. Joint Account costs paid by the Concessionaires are to be reimbursed promptly pursuant to Article 9.8 of the EPCC and Article 4.5 of this Agreement. Subject to the Carry under the EPCC, each Concessionaire shall pay on the due date, in accordance with the Accounting Procedure, its Participating Interest share of Joint Account expenses, including cash advances and interest, accrued pursuant to this Agreement. A Concessionaire’s payment of any charge under this Agreement shall be without prejudice to its right to later contest the charge. Participating Interest The Participating Interests of the Concessionaires as of the Effective Date are: [….] - percent ( %) ENH - ( %) If a Concessionaire transfers all or part of its Participating Interest pursuant to the provisions of this Agreement and the EPCC, the Participating Interests of the Concessionaires shall be revised according to such transfer. State Participation ENH is a Concessionaire pursuant to Article 3.2 of the EPCC. The Concessionaires (exclusive of ENH) shall contribute in respect to the Carry, in proportion to their respective Participating Interests (exclusive of the ENH Participating Interest), to the Participating Interest assumed by ENH. All payments received for the repayment of the Carry shall be credited to the Concessionaires (exclusive of ENH) in proportion to their Participating Interests.
Ownership, Obligations and Liabilities. (a) Notwithstanding the Participating Interests defined in Article 3.2 above, unless otherwise provided in this Agreement,
Ownership, Obligations and Liabilities. (a) Unless otherwise provided in this Agreement, all the rights and interests in and under the PSC, all Joint Property, and any Hydrocarbons produced from the Contract Area, shall, subject to the terms of the PSC, be owned by the Parties in proportion to their respective Participating Interests.
Ownership, Obligations and Liabilities. (A) Unless otherwise provided in this Agreement, all Joint Property, and any Hydrocarbons produced from the Joint Operations shall be owned by the Parties in accordance with their respective Participating Interests.
