psia Clause Samples
A PSIA, or Patent Security Interest Agreement, is a legal clause that establishes a lender's security interest in a borrower's patents as collateral for a loan or other financial obligation. This clause typically outlines the specific patents covered, the rights granted to the lender in the event of default, and the procedures for perfecting and enforcing the security interest. By clearly defining the lender's rights to the intellectual property, the PSIA ensures that the lender can recover value from the patents if the borrower fails to meet their obligations, thereby reducing the lender's risk and facilitating secured lending transactions involving intellectual property.
psia. Buyer may determine the temperature of the gas by using a recording thermometer, otherwise, the temperature shall be assumed to be sixty degrees Fahrenheit (60°F). The specific gravity shall be determined semiannually or more often as Buyer deems advisable.
psia. At Buyer's option the absolute atmospheric pressure may be assumed or may be measured by use of electronic recording devices such as Totalflow (Registered Trademark) or the like. At Buyer's option the temperature of the gas passing the meters shall be determined by use of a recording thermometer so installed that it may properly record the temperature of the gas flowing through the meter; otherwise, the temperature shall be assumed to be sixty degrees (60°) Fahrenheit. The specific gravity shall be determined semiannually or more often as Buyer deems advisable.
psia. The temperature of Gas flowing through each meter shall be determined by a recording thermometer, installed by Buyer/Processor at its sole cost and expense to properly record the temperature of the flowing Gas, and the arithmetical average of the temperature recorded while the Gas is flowing during each meter chart interval shall be used in correcting amounts delivered hereunder to a temperature base of sixty degrees Fahrenheit (60°F) and to a pressure base of 14.65 pounds Psia.
psia. The term "psia" shall mean pounds per square inch absolute.
psia. (1) "Commercial Oil Well" means the first well on any geological feature which after testing for a period of not more than thirty (30) consecutive days where practical, but in any event in accordance with sound and accepted industry production practices, and verified by EGPC, is found to be capable of producing at the average rate of not less than two thousand (2000) Barrels of oil per day (BOPD). The date of discovery of a "Commercial Oil Well" is the date on which such well is tested and completed according to the above.
psia. All fundamental constants shall be in accordance with the standards prescribed in the then current American Gas Association Manual with any subsequent amendments that may be mutually acceptable to the Parties. Further details and specifications pertinent to metering the Biogas tendered by Phoenix to Developer are set forth in Exhibit G attached hereto.
psia. Such term includes distillate and condensate.
psia. The term "Btu" shall mean British Thermal Unit and the term "MMBtu" shall mean one million British Thermal Units.
psia. Buyer may determine the gas temperature by using a recording thermometer; otherwise, the temperature will be assumed to be 60F.
psia. Such term includes distillate and condensate. (e) " Gas" means natural gas both associated and non-associated, and all of its constituent elements produced from any well in the Area (other than Liquid Crude Oil) and all non-hydrocarbon substances therein. Said term shall include residual gas, that gas remaining after removal of LPG. 4 Central Sinai Concession 20-F <PAGE> (f) "LPG" means liquefied petroleum gas, which is a mixture principally of butane and propane liquefied by pressure and temperature. (g) A "Barrel" shall consist of forty-two (42) United States gallons, liquid measure, corrected to a temperature of sixty degrees ▇▇▇▇▇▇▇▇▇▇ (▇▇▇▇▇. F) at atmospheric pressure of 14.65 PSIA. (h) (1) "Commercial Oil Well" means the first well on any geological feature which after testing for a period of not more than thirty (30) consecutive days where practical, but in any event in accordance with sound and accepted industry production practices and verified by EGPC, is found to be capable of producing at the average rate of not less than two thousand (2000) Barrels of Oil per day (BOPD). The date of discovery of a "Commercial Oil Well" is the date on which such well is tested and completed according to the above. (2) "Commercial Gas Well " means the first well on any geological feature which after testing for a period of not more than thirty (30) consecutive days where practical, but in any event in accordance with sound and accepted industry production practices and verified by EGPC, is found to be capable of producing at the average rate of not less than fifteen million (15,000,000) standard cubic feet of Gas per day ("MMSCFD"). The date of discovery of a "Commercial Gas Well" is the date on which such well is tested and completed according to the above. (i) "A.R.E." means ARAB REPUBLIC OF EGYPT. (j) "Effective Date" means the date on which the text of this Agreement is signed by the GOVERNMENT, EGPC and CONTRACTOR, after the relevant Law is issued. (k) (1) "Year" means a period of twelve (12) months according to the Gregorian Calendar. (2) "Calendar Year" means a period of twelve (12) months according to the Gregorian Calendar being 1st January to 31st December. (l) "Financial Year" means the GOVERNMENT's financial year according to the laws and regulations of the A.R.E. (m) "Tax Year" means the period of twelve (12) months according to the laws and regulations of the A.R.E. (n) An "Affiliated Company" means a company: (i) of which the share capital, confe...