Exploration Operations. Unless exceeded by the minimum assessment under Section 3.3, the aggregate Year-to-Date indirect charges shall be a percentage of the Year-to-Date expenditures, calculated on the following scale (U.S. Dollars): $0 to $5,000,000 of expenditures = 5% Next $10,000,000 of expenditures = 3% Excess above $15,000,000 of Expenditures = 2.0%
Appears in 3 contracts
Sources: Association Contract for Joint Exploration and Exploitation of Hydrocarbons, Association Contract for Joint Exploration and Exploitation of Hydrocarbons, Association Contract for Joint Exploration and Exploitation of Hydrocarbons