Common use of Minimum Production Clause in Contracts

Minimum Production. Achieve for each fiscal quarter set forth below, minimum production sales of Petroleum Substances, net to TEC and its Subsidiaries before royalties, as measured in the commonly accepted form of gigajoules (“gj”) per day, such that the average daily production sales for seven consecutive days during each of the fiscal quarters ended June 30, 2006 and September 30, 2006, is greater than or equal to the amount set forth below for such fiscal quarter: June 30, 2006 80,000 September 30, 2006 80,000

Appears in 1 contract

Sources: Credit Agreement (Trident Resources Corp)

Minimum Production. Achieve for each fiscal quarter set forth below, minimum production sales of Petroleum Substances, net to TEC the Borrower and its Subsidiaries before royalties, as measured in the commonly accepted form of gigajoules (“gj”) per day, such that the average daily production sales for seven consecutive days during each of the fiscal quarters ended June 30, 2006 and September 30, 2006, is greater than or equal to the amount set forth below for such fiscal quarter: June 30, 2006 80,000 September 30, 2006 80,000

Appears in 1 contract

Sources: Credit Agreement (Trident Resources Corp)