Expense of Conducting Inventories Sample Clauses

The "Expense of Conducting Inventories" clause defines which party is responsible for the costs associated with performing inventories of goods, assets, or property under the agreement. Typically, this clause specifies whether the seller, buyer, or both will bear the expenses incurred during the inventory process, such as labor, materials, or third-party services. By clearly allocating financial responsibility for inventory-related costs, the clause helps prevent disputes and ensures transparency in the management and transfer of assets.
Expense of Conducting Inventories. 4.4.1 The expense of conducting periodic inventories shall not be charged to the Joint Account unless agreed to by the Parties. 4.4.2 The expense of conducting special inventories shall be charged to the Parties requesting such inventories, except inventories required due to change of Operator shall be charged to the Joint Account.
Expense of Conducting Inventories. The expense of conducting periodic inventories shall not be charged to the Joint Account unless agreed to by the Parties.
Expense of Conducting Inventories. The expense of conducting special inventories shall be charged to the Parties requesting such inventories, except inventories required due to change of Operator in which cases shall be charged to the Petroleum Expenditures Account.
Expense of Conducting Inventories. A. The expense of conducting periodic inventories shall not be charged to the Joint Account unless agreed to by the Parties. B. The expense of conducting special inventories shall be charged to the Parties requesting such inventories, except inventories required due to change of Operator shall be charged to the Joint Account. EXHIBIT "D" Attached to and made a part of that certain Offshore Operating Agreement dated effective September 1, 2005, by and between Stone Energy Corporation and Ridgewood Energy Corporation, Manager Ridgewood Energy P Fund, LLC. NONDISCRIMINATION CLAUSE During the performance of this Agreement, the "contractor" (meaning and referring separately to each party hereto) agrees, unless exempt therefrom to comply with all provisions of Executive Order 11246 which are incorporated herein by reference, and (a) if contractor has more than 50 employees or contracts with another party hereto in excess of $10,000, contractor must file Standard Form 1Q0 (EEO-1), (b) if contractor has 50 or more employees and a contract of $50,000 or more, contractor is required to develop a written "Affirmative Action Compliance Program" for each of its establishments according to the Rules and Regulations published by the United States Department of Labor in 41 CFR, Chapter 60. Further, contractor hereby certifies that it does not now and will not maintain any facilities provided for its employees in a segregated manner or permit its employees to perform their services at any location under its control where segregated facilities are maintained, as such segregated facilities are defined in Title 41, Chapter 60-1.8, Code of Federal Regulations, revised as of January 1, 1969, unless exempt therefrom. Contractor further warrants that no other law, regulation or ordinance of the United States, or any state, or any governmental authority or agency has been violated in the manufacture, procurement or sale of any good furnished, work performed or service rendered pursuant to this contract. Unless exempt by rules, regulations or orders of the United States Secretary of Labor, issued pursuant to Section 204 of Executive Order 11246, dated September 24, 1965, during the performance of this contract, the contractor agrees as follows: (1) The contractor will not discriminate against any employee or applicant for employment because of race, color, religion, sex or national origin. The contractor will take affirmative action to ensure that applicants are employed and that e...
Expense of Conducting Inventories. A. The expense of conducting periodic inventories shall not be charged to the Joint Account unless agreed to by the Parties. B. The expense of conducting special inventories shall be charged to the Parties requesting such inventories, except inventories required due to change of Operator shall be charged to the Joint Accounting. Attached to and made a part of Joint Operating Agreement dated , 2007 by and between New Dominion, L.L.C. as “Operator”, and Scintilla, L.L.C., North Paradigm Partners, L.P., North Paradigm Partners II, L.P., North Paradigm Partners III-A, L.P., North Paradigm Partners III-B, L.P., the ▇▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇▇ ▇▇▇▇▇ Family Trust dated January 10, 2007, Waveland Drilling Partners ▇▇▇▇▇, ▇.▇., ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Partners 2006B, L.P., Waveland Drilling Partners 2007A, L.P., and CEU Paradigm, L.L.C. as “Non-Operators” Coverage Limits Commercial General Liability $ 500,000 Combined Single Limit Bodily Injury and Property Damage (Per Occurrence) $ 1,000,000 Policy Aggregate Pollution Liability $ 1,000,000 Per Occurrence $ 100,000 Per Well Aggregate Automobile Liability $ 500,000 Per Occurrence Employer’s Liability $ 100,000 Each Accident $ 100,000 Each Employee (Disease) and $ 100,000 Policy Limit (Disease) Excess Liability $ 1,000,000 Per Occurrence (Automobile Liability) per occurrence and Aggregate (Commercial General Liability) does not extend well Control or pollution liability. Well Control Liability $ 1,000,000 Per Occurrence and Aggregate Policy Terms, coverage forms, and internal limits of liability subject to change. Coverages described herein are subject to limitations and conditions present in forms provided by insurance carriers. Policies are on file for inspection at operator’s office by appointment. PARTIES SHALL HAVE THE RIGHT TO CARRY COMPARABLE INSURANCE AS OPERATOR AND NOT INCUR CHARGES TO THE JOINT ACCOUNT. Attached to and made a part of that certain Joint Operating Agreement dated January 1, 2004 by and between New Dominion, L.L.C. as “Operator” and Scintilla, L.L.C., North Paradigm Partners, L.P., North Paradigm Partners II, L.P., North Paradigm Partners III-A, L.P., North Paradigm Partners III-B, L.P., the ▇▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇▇ ▇▇▇▇▇ Family Trust dated January 10, 2007, Waveland Drilling Partners ▇▇▇▇▇, ▇.▇., ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Partners 2006B, L.P., Waveland Drilling Partners 2007A, L.P., and CEU Paradigm, L.L.C. as “Non-Operators”. There is no Exhibit “E” to this agreement. A. Equal Opportunity Clause (41 CFR 60-...
Expense of Conducting Inventories. A. The expense of conducting periodic inventories shall not be charged to the Joint Account unless agreed to by the Parties. B. The expense of conducting special inventories shall be charged to the Parties requesting such inventories, except inventories required due to change of Operator shall be charged to the Joint Account. A. A.P.L. FORM 610 - MODEL FORM OPERATING AGREEMENT - 1989 A. A.P.L. FORM 610 -- MODEL FORM OPERATING AGREEMENT- 1989 This Addendum is attached to and made a part of that certain 1984 ▇▇▇▇▇ Onshore Model Accounting Procedure which is Exhibit C to that certain Operating Agreement dated September 29, 2006, by and between EV Production Partners, L.P. and EnerVest Operating, L.L.C. (the contract operator). With respect to Direct Charges pursuant to Section II.8.A and Overhead pursuant to Section III.1.i, III.1.ii, III.1.iii, III.1.A(1) and III.3-A-C, the following elections are hereby made for the following region: ___________________, LP - STATE OF LOUISIANA, MONROE FIELD
Expense of Conducting Inventories. The expense of conducting --------------------------------- periodic inventories shall not be charged to CIG. The expense of conducting a special inventory required due to change of Operator shall be charged to CIG. EXHIBIT "D" Insurance Requirements Attached to and made a part of Operating Agreement dated January 8, 1988, by and between MESA OPERATING LIMITED PARTNERSHIP ("Mesa"), as Operator, and COLORADO INTERSTATE GAS COMPANY ("CIG"), as Nonoperator. I. Mesa shall at all times while operations are conducted by it on the Contract Area, carry or cause to be carried and pay for, in accordance with Exhibit "C" to the Operating Agreement, Worker's Compensation and Occupational Disease Insurance including Employer's Liability Insurance covering the employees of Mesa engaged in operations hereunder in compliance with all applicable State and Federal Laws. Such policies shall contain underwriters waiver of subrogation in favor of CIG. II. Mesa and CIG shall each carry for their own respective interests the following types and limits of insurance: (A) Comprehensive General Liability covering operations conducted hereunder: Combined Bodily Injury and Property Damage $1,000,000 per occurrence $1,000,000 Aggregate (B) Automobile Liability covering all vehicles owned, non-owned, or hired and used in connection with operations conducted hereunder: Combined Bodily Injury and Property Damage $1,000,000 per occurrence $1,000,000 Aggregate III. Each party hereto may acquire at its own expense, any additional insurance it desires to protect itself. Each such policy shall provide for underwriters waiver of subrogation in favor of the other party hereto. IV. Mesa shall have the right, but not the obligation, to require satisfactory evidence of insurance or self-insurance from CIG. V. Mesa shall have the right, but not the obligation, to require satisfactory evidence of adequate insurance or self-insurance for cost of control of well and pollution liability from CIG. Mesa shall not provide this coverage for the benefit of CIG. In the event that CIG fails to provide evidence of insurance as required herein ("failing party"), Mesa may, at its sole discretion, provide such insurance for and at the direct expense of the failing party. Such expense shall be an Allowable Cost charged and shared as provided in the Accounting Procedure attached to the Operating Agreement as Exhibit "C." Mesa is under no obligation to provide such insurance for the party so failing to provide satisf...
Expense of Conducting Inventories. A. The expense of conducting periodic inventories shall not be charged to the Joint Account unless agreed to by the Parties. B. The expense of conducting special inventories shall be charged to the Parties requesting such inventories, except inventories required due to change of Operator shall be charged to the Joint Accounting. Insurance Provisions While operations are conducted under this Agreement with regard to subject properties, Operator shall maintain for the benefit of all parties hereto, insurance of the types and in the amounts as follows. Such insurance may carry reasonable deductibles. Premiums for such insurance shall be charged to the Joint Account. The Non-Operator shall be named as Additional Insureds on all such insurance policies, but only with respect to the performance of all work hereunder and only to the limits shown in this Agreement. This insurance shall be primary to any insurance carried by the Non-Operator. The parties agree that subrogation shall be waived against the other parties on any and all insurance carried by a party. All such insurance shall be carried by an insurer or insurers acceptable to all Non- Operators shall be maintained in full force and effect during the terms of this Agreement; and shall not be cancelled, altered or amended without 30 days prior written notice having first been furnished the Non-Operators. Operator agrees to have its insurance carrier furnish the Non- Operators certificates of insurance evidencing such insurance coverages required below. The insurance to be carried shall include the following:
Expense of Conducting Inventories. A. The expense of conducting periodic inventories shall not be charged to the Joint Account unless agreed to by the Parties. B. The expense of conducting special inventories shall be charged to the Parties requesting such inventories, except inventories required due to change of Operator shall be charged to the Joint Account. A. A.P.L. FORM 610 — MODEL FORM OPERATING AGREEMENT- 1989 This Addendum is attached to and made a part of that certain 1984 C▇▇▇▇ Onshore Model Accounting Procedure which is Exhibit C to that certain Operating Agreement dated October 1, 2005, by and between B▇▇▇▇▇ and Blake Corporation and EnerVest Operating, L.L.C. (the contract operator). With respect to Direct Charges pursuant to Section II.8.A and Overhead pursuant to Section III.1.i, III.1.ii, III.1.iii, III.1.A(1) and III.3-A-C, the following elections are hereby made for the following region:
Expense of Conducting Inventories. A. The expense of conducting periodic inventories shall not be charged to the Joint Account unless agreed to by the Parties. B. The expense of conducting special inventories shall be charged to the Parties requesting such inventories, except inventories required due to change of Operator shall be charged to the Joint Accounting. Attached to and made a part of Joint Operating Agreement dated August 1, 2011 by and among New Dominion, LLC as “Operator” and Scintilla, LLC and New Source Energy Corporation as “Non-Operators”. Coverage Limits Commercial General Liability $ 500,000 Combined Single Limit Bodily Injury and Property Damage (Per Occurrence) $ 1,000,000 Policy Aggregate Pollution Liability $ 1,000,000 Per Occurrence $ 100,000 Per Well Aggregate Automobile Liability $ 500,000 Per Occurrence Employer’s Liability $ 100,000 Each Accident $ 100,000 Each Employee (Disease) and $ 100,000 Policy Limit (Disease) Excess Liability $ 1,000,000 Per Occurrence (Automobile Liability) per occurrence and Aggregate (Commercial General Liability) does not extend well Control or pollution liability. Well Control Liability $ 1,000,000 Per Occurrence and Aggregate Policy Terms, coverage forms, and internal limits of liability subject to change. Coverages described herein are subject to limitations and conditions present in forms provided by insurance carriers. Policies are on file for inspection at operator’s office by appointment. PARTIES SHALL HAVE THE RIGHT TO CARRY COMPARABLE INSURANCE AS OPERATOR AND NOT INCUR CHARGES TO THE JOINT ACCOUNT. Attached to and made a part of that certain Joint Operating Agreement dated August 1, 2011 by and among New Dominion, LLC as “Operator” and Scintilla, LLC and New Source Energy Corporation as “Non-Operator”. There is no Exhibit “E” to this agreement. A. Equal Opportunity Clause (41 CFR 60-1.4)