Allocated pool definition

Allocated pool means a pool in which the total oil or gas production is restricted and is allocated to various wells in the pool in accordance with proration schedules.
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Allocated pool means the total points, up to 100, allocated to members of the Managing Member by the Class A Member, from time to time in its sole and absolute discretion, after consulting with the Managing Member. The Allocated Pool shall not exceed 90 unless otherwise requested by the Managing Member and approved by the Class A Member. The initial Allocated Pool shall equal 80 points. No member of the Managing Member admitted to the Managing Member after the date hereof shall have an initial allocation of points in excess of 25; provided that such allocation may be increased to more than 25 points thereafter by the Advisory Committee. If the points to be allocated to a new member of the Managing Member would cause the total points allocated to exceed 90, or 100 if determined by the Advisory Committee, then the current members shall forfeit an amount equal to the excess on a pro-rata basis or on such other basis as is determined by the Advisory Committee.
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Allocated pool means a pool in which the total oil or gas production is restricted and is allocated to various wells in the pool in accordance with proration schedules. 17.15.2.7(A)(9) NMAC “Allowable production” means that number of barrels of oil or cubic feet of gas the division authorizes to be produced from an allocated pool. 17.15.2.7(A)(10) NMAC
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Related to Allocated pool

  • Allocated Amount has the meaning set forth in Section 2.6 hereof.

  • Allocated Purchase Price means with respect to each Purchaser, the dollar amount set forth opposite such Purchaser’s name under the heading “Allocated Purchase Price” on Schedule A hereto.

  • Unallocated Basis means, with respect to the holding of gold, that the holder is entitled to receive delivery of Physical Gold in the amount standing to the credit of the holder’s account, but the holder has no ownership interest in any particular gold that the custodian maintaining that account owns or holds.

  • Allocated Loan Amount means, for an Individual Property, the amount set forth on Schedule II attached hereto.

  • Allocated Value means, in respect of any particular asset of a Participating CCAA Party, the amount of the sale proceeds realized from such asset, net of costs allocated to such asset all pursuant to the Allocation Methodology and, in respect of any Secured Claim, the amount of such sale proceeds receivable on account of such Secured Claim after taking into account the priority of such Secured Claims relative to other creditors holding a Lien in such asset;