CHANGES OF PLAN AND FORECAST Sample Clauses

CHANGES OF PLAN AND FORECAST. 31.23.1 It is recognized by Licensee and The Director General that the details of the Exploration Plan and Development forecast may require changes in the light of existing circumstances, and nothing herein contained shall limit the flexibility to make such changes. Consistent with the foregoing the said Plan and Forecast may be revised annually.
Sample 1Sample 2
AutoNDA by SimpleDocs
CHANGES OF PLAN AND FORECAST. It is recognised by Contractor and GNPC that the details of the Exploration Plan and Development forecast may require changes in the light of existing circumstances and nothing herein contained shall limit the flexibility to make such changes. Consistent with the foregoing the said Plan and Forecast may be revised when appropriate. The Exploration Plan and Development Forecast are for planning purposes only. ANNEX 3 - SAMPLE AOE CALCULATION SAMPLE ADDITIONAL OIL ENTITLEMENT CALCULATION This sample calculation has been prepared to illustrate the Additional Oil Entitlement (AOE) provisions of Article 10 of the Petroleum Agreement to which this Annex 3 is attached and made a part thereof. The assumptions used, year-by-year cash flows, inflation rate, and resulting AOE payments are hypothetical only and are neither based upon nor do they represent an actual situation. They are designed to illustrate the mechanics of each of the hypothetical AOE calculations only. Sample AOE Calculation: Contractor’s Revenues minus Income Taxes minus “Petroleum Costs” Income Tax Rate: 35% Petroleum Costs: Contractor’s Petroleum Costs including costs advanced on GNPC’s behalf Additional Oil Entitlement (AOE): Discounted Cash Flow Real Rate of Return (%*) AOE Rate (%) 19% or less 0 % Over 19% 5 % Over 20% 10 % Over 25% 15 % Over 30% 20 % Over 40% 25 % *Rate of Return exclusive of Inflation SAMPLE AOE CALCULATION (MILLION US DOLLARS) YEAR NCF FAn@19 % p.a. AOE 1 @ 5% SAn@10 % P.a. AOE 2 @ 10% p.a. TAn@25 % p.a. AOE 3 @ 15% YAn @ 30% p.a. AOE 4 @ 20% p.a. ZAn @ 40% p.a. AOE 5 @ 25% Total AOE Payments 1 $ -2.0 $ -2.0 $ -2.0 $ -2.0 $ -2.0 $ -2.0 2 $ -15.0 $ -17.5 $ -17.5 $ -17.6 $ -17.7 $ -17.9 3 $ -150.0 $ -171.7 $ -171.9 $ -172.9 $ -173.9 $ -176.0 4 $ -20.0 $ -232.9 $ -234.8 $ -244.7 $ -254.8 $ -275.1 5 $ 10.0 $ -278.8 $ -283.6 $ -308.2 $ -333.9 $ -388.9 6 $ 340.0 $ -5.7 $ -14.4 $ -60.6 $ -110.8 $ -224.0 7 $ 220.0 $ 213.0 $ 10.6 $ 191.3 $ 19.1 $ 111.4 $ 16.7 $ 23.9 $ 4.8 $ -156.0 $ 51.3 8 $ 200.0 $ 200.0 $ 10.0 $ 190.0 $ 19.0 $ 171.0 $ 25.7 $ 145.4 $ 29.1 $ -110.0 $ 83.7 9 $ 150.0 $ 150.0 $ 7.5 $ 142.5 $ 14.3 $ 128.3 $ 19.2 $ 109.0 $ 21.8 $ -72.2 $ 62.8 10 $ 100.0 $ 100.0 $ 5.0 $ 95.0 $ 9.5 $ 85.5 $ 12.2 $ 72.7 $ 14.5 $ -46.6 $ 41.9 11 $ 65.0 $ 65.0 $ 3.3 $ 61.8 $ 6.2 $ 55.6 $ 8.3 $ 47.2 $ 9.4 $ -29.8 $ 27.2 12 $ 45.0 $ 45 $ 2.3 $ 42.8 $ 4.3 $ 38.5 $ 5.8 $ 32.7 $ 6.5 $ -17.1 $ 18.8 13 $ 35 $ 35.0 $ 1.8 $ 33.3 $ 3.3 $ 29.9 $ 4.5 $ 25.4 $ 5.1 $ -4.4 $ 14.7 14 $ 25.0 $ 25.0 $ 1.3 $ 23...
Sample 1
CHANGES OF PLAN AND FORECAST. It is recognised by Contractor and GNPC that the details of the Exploration Plan and Development forecast may require changes in the light of existing circumstances and nothing herein contained shall limit the flexibility to make such changes. Consistent with the foregoing the said Plan and Forecast may be revised when appropriate. The Exploration Plan and Development Forecast are for planning purposes only. ANNEX 3 - SAMPLE AOE CALCULATION
Sample 1
CHANGES OF PLAN AND FORECAST. It is recognised by the Concessionaires and the Government that the details of the Exploration Plan and Development Forecast may require changes in the light of existing circumstances and nothing herein contained shall limit the flexibility to make such changes. Consistent with the foregoing the revision of said Plan and Forecast is provided for annually.
Sample 1

Related to CHANGES OF PLAN AND FORECAST

  • Changes of Commitments (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) or (ii) the Borrowing Base as determined from time to time.

  • Changes, etc This instrument and the provisions hereof may be changed, waived, discharged or terminated only by an instrument in writing signed by the party against which enforcement of the change, waiver, discharge or termination is sought.

  • Absence of Changes or Events (a) Since the date of the Balance Sheet, there has been no event, change, development, effect or circumstance that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect.

  • Material Changes or Material Transactions Since the respective dates as of which information is given in the Registration Statement and the Prospectus, except as may otherwise be stated therein or contemplated thereby, there has been no material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business.

  • Transfers and Exchanges of Physical Notes (i) Subject to this Section 2.10, a Holder of a Physical Note may (x) transfer such Physical Note (or any portion thereof in an Authorized Denomination) to one or more other Person(s); (y) exchange such Physical Note (or any portion thereof in an Authorized Denomination) for one or more other Physical Notes in Authorized Denominations having an aggregate principal amount equal to the aggregate principal amount of the Physical Note (or portion thereof) to be so exchanged; and (z) if then permitted by the Depositary Procedures, transfer such Physical Note (or any portion thereof in an Authorized Denomination) in exchange for a beneficial interest in one or more Global Notes; provided, however, that, to effect any such transfer or exchange, such Holder must:

  • No Material Changes, Etc Since the Balance Sheet Date, there has occurred no material adverse change in the financial condition or assets or business of the Borrower as shown on or reflected in the balance sheet of the Borrower as of the Balance Sheet Date, or the statement of income for the fiscal year then ended, other than changes in the ordinary course of business that have not had any Material Adverse Effect either individually or in the aggregate.

  • Changes to Specifications All Specifications and any changes thereto agreed to by the parties from time to time shall be in writing, dated and signed by the parties. Any change to the Packaging process shall be deemed a Specification change. No change in the Specifications shall be implemented by PCI, whether requested by Client, requested by PCI or requested or required by any Regulatory Authority, until the parties have agreed in writing to such change, the implementation date of such change, and any increase or decrease in costs, expenses or fees associated with such change (including any change to Pricing). PCI shall respond promptly to any request made by Client for a change in the Specifications, and both parties shall use commercially reasonable, good faith efforts to agree to the terms of such change in a timely manner. As soon as possible after a request is made for any change in Specifications, PCI shall notify Client of the costs associated with such change and shall provide such supporting documentation as Client may reasonably require. Client shall pay all costs associated with such agreed upon changes. If there is a conflict between the terms of this Agreement and the terms of the Specifications, this Agreement shall control. PCI reserves the right to postpone effecting changes to the Specifications, or in the case of changes requested or required by any Regulatory Authority postpone Packaging under this Agreement, until such time as the parties agree to and execute the required written amendment.

  • Certain Accounting Changes; Organizational Documents (a) Change its Fiscal Year end, or make any change in its accounting treatment and reporting practices except as required by GAAP, as set forth in Section 13.9 or as recommended by the Securities Exchange Commission or the Public Company Accounting Oversight Board or (b) amend, modify or change its articles of incorporation (or corporate charter or other similar organizational documents) or amend, modify or change its bylaws (or other similar documents) in any manner adverse in any respect to the rights or interests of the Lenders.

  • SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: Date of Exchange Amount of decrease in Principal Amount of this Global Note Amount of increase in Principal Amount of this Global Note Principal Amount of this Global Note following such decrease (or increase) Signature of authorized officer of Trustee or Custodian EXHIBIT B

Time is Money Join Law Insider Premium to draft better contracts faster.