Examples of Approved Plan of Development in a sentence
Company will obtain and pay for the services of all engineering and professional staff and other Persons needed to prudently execute the Approved Plan of Development.
Company will use the proceeds of such Capital Stock solely (a) to fund the Approved Plan of Development, and (b) for working capital purposes.
The Project, if constructed in accordance with the Approved Plan of Development and otherwise developed, constructed, operated and maintained as contemplated by the Loan Documents, is expected to conform to and comply with all covenants, conditions, restrictions and reservations in the Governmental Approvals applicable thereto and all Governmental Rules, except to the extent any such noncompliance could not reasonably be expected to have a Material Adverse Effect on TOGA.
To the extent not advanced or reimbursed by a Related Party as Inter-company Debt or a Capital Contribution to TOGA, TOGA will not, in the aggregate, expend amounts exceeding $100,000 per year other than those amounts specifically contemplated in the Approved Plan of Development, excluding any amounts funded by Borrower as a capital contribution to TOGA.
Restricted Persons will (a) timely develop the Oil and Gas Properties, and make capital expenditures on the Oil and Gas Properties, in accordance with the Approved Plan of Development, and (b) except to the extent regulatory approval has not yet been obtained, have each producing and injection well which is hereafter completed put into normal operation.