Examlex
What industry practice had BP failed to follow for its Prudhoe Bay pipeline maintenance?
Lease Terms
The conditions under which a lease will be granted, including duration, payment intervals, fees, restrictions, and penalties.
Lease Obligations
Financial commitments a company incurs as a result of entering into a lease agreement for property, plant, or equipment.
Lessee
A person or entity that leases an asset from another party, known as the lessor.
Flexibility
The ability of an entity or system to adapt to changes, variability, or uncertainties in its operational environment.
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