Expenditure
Expenditure. Means expenditure in respect of Operations and other exploration on the Permit Area and includes all amounts spent on keeping the Permit in good standing or fulfilling obligations of Paltar with respect to the Permit.
Found in
NATION ENERGY INC contract
Expenditure. Means the act of paying out funds to a Third Party for development of the Licensed Product. For the avoidance of doubt, Expenditure shall not include any credit for internal MDCO expenses, such as MDCO personnel expenses.
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