Annual Engineering Report Sample Clauses

Annual Engineering Report. By September 1 of each Fiscal Year, a reserve engineering report prepared by the Independent Engineers as of July 1 of such Fiscal Year concerning all of the Oil and Gas Properties and interests owned by any Restricted Person that are located in or offshore of the United States and that have attributable to them Proved Reserves. This report shall (i) be prepared on a consistent basis in accordance with customary standards and procedures of the petroleum industry, (ii) take into account any overproduced or underproduced status under gas balancing arrangements, (iii) reflect the respective interests of the Restricted Persons in such Oil and Gas Properties, and (iv) contain information and analysis comparable in scope to that contained in the Initial Engineering Report.
Sample 1
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Annual Engineering Report. By April 1 of each year, Borrower will furnish an Engineering Report prepared by the Independent Engineers as of the preceding January 1 concerning all Oil and Gas Properties and interests owned by any Restricted Person that are located in or offshore of the United States and that have attributable to them Proved Reserves. This report shall be satisfactory to Administrative Agent, shall take into account any “over-produced” or “under-produced” status under gas balancing arrangements, and shall contain information and analysis comparable in scope to that contained in the Initial Engineering Report. 84 CREDIT AGREEMENT
Sample 1
Annual Engineering Report. By March 1 of each Fiscal Year, a reserve engineering report prepared by the Independent Engineers as of the preceding December 31 concerning all of the Oil and Gas Properties and interests owned by any Restricted Person that are located in or offshore of the United States and that have attributable to them Proved Reserves. This report shall be satisfactory to the Administrative Agent, shall take into account any overproduced or underproduced status under gas balancing arrangements, and shall contain information and analysis comparable in scope to that contained in the Initial Engineering Report.
Sample 1
Annual Engineering Report. There is added the following new section:
Sample 1
Annual Engineering Report. Seller and Buyer will each require an engineering report evaluating the gas reserve quantities attrib- utable to the Interests as of their fiscal years ending December 31 (the "Annual Reserve Report"), Seller for the purpose of reporting the gas reserves attributable to the Produc- tion Payment and the Reversionary Interest, if any, in its SEC filings, and Buyer for reporting cost depletion for income tax pur- poses. Seller will cause XxXxxxx, Xxxxxxxx & Associates, or any other independent, quali- fied petroleum engineering firm acceptable to Buyer, to prepare the Annual Reserve Report and to furnish it to both parties as promptly as possible after the end of each calendar year. The expense of the Annual Reserve Report shall be borne by Seller and Buyer equally."
Sample 1
Annual Engineering Report. In connection with each of the Collateral Borrowing Base semi-annual valuation and redeterminations made as of each March 31 (commencing March 31, 2005), the Borrower shall have furnished to the Bank a comprehensive engineering report of the Mortgaged Property encumbered by the Mortgage, prepared by a bona fide and reputable outside engineering firm reasonably acceptable to the Bank, which such report shall be effective as of a date no earlier than January 1 of such applicable calendar year in which it is to be submitted to the Bank. Such report shall be furnished in full to the Bank no later than February 28 of such applicable calendar year, commencing with February 28, 2005.
Sample 1
Annual Engineering Report. By March 1 of each year, a reserve engineering report prepared by the Independent Engineers as of the preceding December 31 concerning all Oil and Gas Properties and interests owned by any Restricted Person that are located in or offshore of the United States and that have attributable to them Proved Reserves. This report shall be satisfactory to Administrative Agent, shall take into account any overproduced or underproduced status under gas balancing arrangements, and shall contain information and analysis comparable in scope to that contained in the Initial Engineering Report. This report shall distinguish (or shall be delivered together with a certificate from an appropriate officer of Borrower that distinguishes) those properties treated in the report that are Collateral from those properties treated in the report that are not Collateral.
Sample 1
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Related to Annual Engineering Report

  • Engineering Report Lender shall have received a current Engineering Report with respect to the Property, which report shall be in form and substance reasonably satisfactory to Lender.

  • Engineering Reports 45 Section 8.08

  • Annual Forecasts As soon as practicable and in any event no later than thirty (30) days after the beginning of each Fiscal Year, an annual forecast prepared by management of the Parent, in reasonable detail and in the form customarily prepared by management of the Parent for its internal use and setting forth an explanation for the principal assumptions on which such forecasts were based, of balance sheets, income statements and cash flow statements with respect to the Parent and its Subsidiaries on a quarterly basis for each Fiscal Year thereafter until the Maturity Date.

  • Annual Independent Accountants’ Report The Servicer shall cause a firm of nationally recognized independent certified public accountants (the "Independent Accountants"), who may also render other services to the Servicer or to the Seller, to deliver to the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer, the Insurer and each Rating Agency, on or before October 31 (or 120 days after the end of the Servicer's fiscal year, if other than June 30) of each year, beginning on October 31, 1999, with respect to the twelve months ended the immediately preceding June 30 (or other applicable date) (or such other period as shall have elapsed from the Closing Date to the date of such certificate), a statement (the "Accountants' Report") addressed to the Board of Directors of the Servicer, to the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer and to the Insurer, to the effect that such firm has audited the books and records of AmeriCredit Corp., in which the Servicer is included as a consolidated subsidiary, and issued its report thereon in connection with the audit report on the consolidated financial statements of AmeriCredit Corp. and that (1) such audit was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as such firm considered necessary in the circumstances; (2) the firm is independent of the Seller and the Servicer within the meaning of the Code of Professional Ethics of the American Institute of Certified Public Accountants, and (3) includes a report on the application of agreed upon procedures to three randomly selected Servicer's Certificates including the delinquency, default and loss statistics required to be specified therein noting whether any exceptions or errors in the Servicer's Certificates were found.

  • Progress Report 10.1 If required, you shall submit progress reports in connection with the Service (“Report”) on at least a monthly basis, or as we may require. The Report shall include a summary of the activities and accomplishments during the previous reporting period.

  • Annual Projections As soon as practicable and in any event prior to the beginning of each Fiscal Year, Borrower shall deliver to Lender projected balance sheets, statements of income and cash flow for Borrower, for each of the twelve (12) months during such Fiscal Year, which shall include the assumptions used therein, together with appropriate supporting details as reasonably requested by Lender.

  • Reserve Report For any Interim Redetermination requested by the Administrative Agent or the Borrower pursuant to Section 2.07(b), the Borrower shall provide such Reserve Report with an "as of" date as required by the Administrative Agent as soon as possible, but in any event no later than thirty (30) days following the receipt of such request.

  • Reverse Engineering The Customer must not reverse assemble or reverse compile or directly or indirectly allow or cause a third party to reverse assemble or reverse compile the whole or any part of the software or any products supplied as a part of the Licensed System.

  • Annual Statement The Plan Administrator shall provide to the Executive, within one hundred twenty (120) days after the end of each Plan Year, a statement setting forth the benefits to be distributed under this Agreement.

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