Application in General Sample Clauses

Application in General. This Agreement governs the rights and obligations of the Parties relating, without limitation, to the exploration, appraisal, development, operation, production, treatment, gathering, and storage of Hydrocarbons. This Agreement does not apply to the fabrication or installation of Export Pipelines.
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Application in General. This Agreement governs and applies to the rights and obligations of the Parties relating, without limitation, to the (i) connection of the Satellite Production System to the Host, (ii) installation of control and monitoring equipment on the Host, (iii) processing and handling of Satellite Production delivered to the Entry Point via the Satellite Production System that is processed and handled on the Host between the Entry Point and the Delivery Point, and (iv) operation of the Satellite Production System from the Host, to the extent reasonably possible, by the Host Operator. Conversely, this Agreement does not apply to the processing and handling of “Third Party Production” (as defined hereinbelow) on the Host nor to the operation of a Third Party production system connected to the Satellite Production System and/or the Host. Accordingly, the Producers do not have the right to sublease all or part of their rights hereunder; and therefore, the Producers, either individually or jointly, are prohibited from becoming and do not hold the right to become a sublessor for all or any portion of their rights hereunder.
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Application in General. 1.2 Application to the Contract Area . . . . . . . . . . . . . . . . .
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Application in General. This Agreement applies to the exploration, appraisal, development and operation of the Leases in the Contract Area for the production of Hydrocarbons therefrom.
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Application in General. This Agreement applies to the receipt, processing, handling and redelivery of Satellite Production delivered to the Entry Point via the Satellite Production System that is processed and handled on the Magnolia TLP between the Entry Point and the “Delivery Point” (as defined hereinbelow), and (ii) certain operations of the Satellite Production System from the Magnolia TLP by the Magnolia Owners through the Magnolia TLP Operator in accordance with the Satellite Operations Procedures Guide. Conversely, this Agreement does not apply to the processing and handling of “Third Party Production” (as defined hereinbelow) on the Magnolia TLP or to the operation of a “Third Party Production System” (as defined hereinbelow) connected to the Satellite Production System and/or the Magnolia TLP. The permission to enter on and use the Magnolia TLP as herein provided shall constitute a license to the Producer, and shall not convey or create any interest, leasehold or otherwise, in or title to the Magnolia TLP or the Magnolia Leases.
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Related to Application in General

  • General Application The rules set forth below in this Article IV shall apply for the purposes of determining each Member’s general allocable share of the items of income, gain, loss or expense of the Company comprising Net Income or Net Loss of the Company for each Fiscal Year, determining special allocations of other items of income, gain, loss and expense, and adjusting the balance of each Member’s Capital Account to reflect the aforementioned general and special allocations. For each Fiscal Year, the special allocations in Section 4.4 shall be made immediately prior to the general allocations of Section 4.3.

  • Application of Collections On each Payment Date, all collections for the related Collection Period shall be applied by the Servicer as follows:

  • Application of Collateral The proceeds of any sale, or other realization (other than that received from a sale or other realization permitted by the Credit Agreement) upon all or any part of the Pledged Collateral pledged by the Pledgors shall be applied by the Administrative Agent as set forth in Section 7.06 of the Credit Agreement.

  • Application of Cash At Lender's option, Lender may apply any cash, whether included in the Collateral or received as Income and Proceeds or through liquidation, sale, or retirement, of the Collateral, to the satisfaction of the Indebtedness or such portion thereof as Lender shall choose, whether or not matured.

  • Application of Net Proceeds The Company shall apply the net proceeds from the Offering received by it in a manner consistent with the application thereof described under the caption “Use of Proceeds” in the Registration Statement, the Pricing Disclosure Package and the Prospectus.

  • Application of Other Payments Except as otherwise provided in Section 2.15, prepayments of the Revolving Facility made pursuant to this Section 2.05(b), first, shall be applied ratably to the L/C Borrowings and the Swingline Loans, second, shall be applied to the outstanding Revolving Loans, and, third, shall be used to Cash Collateralize the remaining L/C Obligations; and, in the case of prepayments of the Revolving Facility required pursuant to clause (i), (ii), (iii), or (iv) of this Section 2.05(b), the amount remaining, if any, after the prepayment in full of all L/C Borrowings, Swingline Loans and Revolving Loans outstanding at such time and the Cash Collateralization of the remaining L/C Obligations in full (the sum of such prepayment amounts, cash collateralization amounts and remaining amount being, collectively, the “Reduction Amount”) may be retained by the Borrower for use in the ordinary course of its business, and the Revolving Facility shall be automatically and permanently reduced by the Reduction Amount as set forth in Section 2.06(b)(ii). Upon the drawing of any Letter of Credit that has been Cash Collateralized, the funds held as Cash Collateral shall be applied (without any further action by or notice to or from the Borrower or any other Loan Party or any Defaulting Lender that has provided Cash Collateral) to reimburse the L/C Issuer or the Revolving Lenders, as applicable. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.05(b) shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.05(b) shall be subject to Section 3.06, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

  • Application of Agreement 4.1 This Agreement applies to:

  • Application Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of this Section 2.14 or Sections 2.03, 2.05, 2.15 or 8.02 in respect of Letters of Credit shall be held and applied to the satisfaction of the specific L/C Obligations, obligations to fund participations therein (including, as to Cash Collateral provided by a Revolving Lender that is a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may be provided for herein.

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