BCM Sample Clauses

BCM. The Partnership estimates that the total revenue from the sale of natural gas to the Buyer under the Leviathan Agreement may reach US$7.5 billion with respect to all of the Leviathan partners.
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BCM. The Partnership estimates that the total revenue from the sale of natural gas to the Buyer under the Tamar Agreement may reach US$7.5 billion with respect to all of the Tamar partners. The Tamar Agreement, which is for a significantly larger scope than the existing agreement signed between the Tamar Partners and the Buyer on 17.3.2015, as described in Article 7.13.5(A)(2) of the Periodic Report, and is intended to replace the aforesaid agreement. The price of the gas to be supplied under both of the Export Agreements will be set by a price formula linked to the price of Xxxxx oil barrel. The Partnership estimates that the total revenues from the both Tamar and the Leviathan Agreements may reach US$15 billion. The above estimation is based on the assumption that the Buyer will consume the total contract quantity set out in each of the Export Agreements, as well as the Partnership's estimation regarding the price of the natural gas during the term of the agreements. It should be clarified that the actual revenues will depend upon a variety of factors, including the quantities of gas actually purchased by the Buyer and the Xxxxx prices at the time of the sale.
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BCM. The monthly balance sheet of the BCM, and monthly data on (a) the BCM’s gross foreign exchange reserves (at program exchange rates and at actual official exchange rates), (b) the balances of the FNRH, inflows and outflows (transfers to the Treasury account) and their timing, and (c) on external debt service including changes in arrears and rescheduling operations, data on debt service due and debt service paid in cash, HIPC debt relief provided by multilateral and bilateral creditors, and showing the amount of HIPC debt relief provided to the government in the form of grants within two weeks following the end of each month. • The monthly monetary survey, the consolidated balance sheet of the commercial banks, and monthly data on foreign exchange positions of individual commercial banks by currency and on a consolidated basis at actual official exchange rates within three weeks from the end of each month. • Data on treasury bills auctions within a week following each auction. • Monthly data on exports by main product (iron ore and fish), customs data on imports by main product categories, data on SNIM operations, monthly list of medium- and long-term public or publicly guaranteed external loans contracted during each month, identifying, for each loan: the creditor, the borrower, the amount and currency, the maturity and grace period, and interest rate arrangements within one month following the end of each month. • Quarterly complete balance of payments and data on the outstanding stock of external debt (by creditor, by debtor and by currency) within one month following the end of each quarter. Ministry of Finance • Monthly Treasury data on budget operations, revenues (including transfers from the FNRH), expenditures, and financing items, data on operations of special accounts (including the operations of the new funds set out in the 2006 Budget Law), data on the execution of the domestically-financed part of the investment budget (including the data on capital spending, spending on goods and services, and salaries included in the investment budget), and Customs’ and Tax Department’s monthly revenue collection reports (Rapports mensuels des recettes) within two weeks following the end of each month. • Monthly reports on oil- and other hydrocarbon-related production and financial flows, including data on oil sales and repartition of oil revenue among all partners involved in oil production within one month from the end of each month. Reports will be compiled...
Sample 1
BCM. As defined in the preamble hereto. Benchmark. Initially, with respect to (a) any Daily Simple SOFR Loan, Daily Simple SOFR, and (b) any Term SOFR Loan, Term SOFR; provided that if a Benchmark Transition Event has occurred with respect to the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to §4.16.
Sample 1
BCM. As defined in the preamble hereto.
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BCM. Current demand for natural gas by industry has declined over past few years, but is now stable Gas supply through low-pressure networks is underdeveloped Gas supplies from Russia is contracted till 2010 under take-or-pay conditions – greater than current demand Only 1% of consumption from domestic production ■ 2010 Projected consumption: 7.5 BCM Gas Sector Development ■ Why… Growing gas use is a global trend Improve security of the country's energy supply by developing natural gas resources Increase role of natural gas in energy mix, environmental and health friendly Introduction of state-of-the art technology greater efficiency Attract foreign investment In compliance with EU Directive Develop along with development of transit system Want to be a net exporter of electricity Gas-fired Gas Sector Development cont. ■ How… Create a fair and stable regulatory regime Develop opportunities for 3 party access to the distribution network on an equal basis Direct contracts with suppliers Develop acceptable tax environment Tax incentives in depressed regions Low corporate tax Unbundling of Bulgargas functions Supply, transmission, storage & distribution Divide Bulgaria into 8 gas distribution regions Establish market for low-pressure natural gas Households – slow due to subsidies in elec. & heat Local heating plants CBM Energy License Area BBuullggaarrggaazz Pipelliinne Map 13 Dobroudja Coal Basin – CBM Energy License Area ■ Block 21 DCB, onshore Bulgaria ■ 417 km2 (103,182 acres) ■ 142 core holes previously drilled– characterize coal for mining purposes, spaced approx. every 60 acres ■ Depth to seams: 1,300+ meters (4,265+ ft.) ■ Net coal thicknesses ranging from 30-45 meters ■ Gas contents averaging 20 m3/t Distribution of CBM Resources by Classification (degree of certainty) 15 Project Pro Forma Analysis – Benefits SdndstOne & COd/ Gds ResOurces ■ Total of 1.9 BCM CBM produced in first 10 years ■ Total of 11.7 BCM conventional natural gas produced in first 10 years ■ Low water production ■ Royalties paid: $58,830,000 first 10 years 16 SPASOVO BELGUN SHABLA VRANINO PROPOSED BOREHOLE KAVARNA BALCHIK BLACK SEA LICENSE AREA BOUNDARY Drilling of First Exploration 1717
Sample 1
BCM. 4. The price of the gas to be supplied to the Buyer under the Export Agreement shall be determined according to a formula based on the Xxxxx oil barrel price. Delek estimates that the aggregate revenues for all of the Tamar partners from the sale of natural gas to the Buyer under the Export Agreement may amount to approx. U.S. $7.5 billion. Xxxxx’s said estimate is based on the assumption that the Buyer will use the total contractual quantity fixed in the Export Agreement, and on Xxxxx’s estimation of the price of natural gas during the term of the Agreement. The actual revenues will be derived from several factors, including the quantities of gas to be purchased in practice by the Buyer, and the Xxxxx prices at the time of the sale.
Sample 1
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BCM. BCM agrees to grant the Company a short-term loan for no more than CHF 150,000 for the payment of wages, which must be reimbursed in full upon execution of the capital increase.
Sample 1

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