Baseline average definition

Baseline average means the average amount of water
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Baseline average means the simple average of monthly volumetric production for the most recent 24 calendar month period, during which period continuous production was had from the subject well, preceding the date on which the AFE is issued for the subject operation. To the extent Manager desires so to participate, Manager shall notify Owner in writing simultaneous with tender of the applicable AFE from Manager to Owner. Manager’s entitlement to incremental production from a given operation shall terminate upon the return of production to a volume less than the Baseline Average for a period of three consecutive calendar months. Manager shall have no right to receive a conveyance of a leasehold or other property interest in the relevant Interests as a result of its participation in an operation pursuant to this Section 8(a). With regard to any such incremental production, Manager shall be responsible for bearing its share of Costs attributable to such production and for paying all royalties and other burdens on production.
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Baseline average means the average amount of water withdrawn by a large-quantity user over a representative historical time period as defined by the secretary.
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Examples of Baseline average in a sentence

  • Litres on a skip a day basis Minimum monthly supply (Litres) Minimum Collection Fee (per collection) <1,500 22,500 $40.00 Between 1,500- 1,800 27,000 $30.00 1 July 2020 to 30 June 2021 1 July 2021 to 30 June 2022 Growth Incentive Baseline (average of previous 2 years) 1 July 2022 to the day prior to the Commencement Date Bega accepts the offer of the Supplier and, if applicable, the Sharefarmer Supplier, to supply Milk to Bega on the terms of this Agreement.

  • Litres on a skip a day basis Minimum monthly supply (Litres) Minimum Collection Fee (per collection) <1,500 22,500 $40.00 1,500-1800 27,000 $30.00 1 July 2020 to 30 June 2021 1 July 2021 to 30 June 2022 Growth Incentive Baseline (average of previous 2 years) 1 July 2022 to the day prior to the Commencement Date Bega accepts the offer of the Supplier and, if applicable, the Sharefarmer Supplier, to supply Milk to Bega on the terms of this Agreement.

  • Litres on a skip a day basis Minimum monthly supply (Litres) Minimum Collection Fee (per collection) 1 July 2020 to 30 June 2021 1 July 2021 to 30 June 2022 Growth Incentive Baseline (average of previous 2 years) 1 July 2022 to the day prior to the Commencement Date Between 1,500- 1,800 27,000 $30.00 Bega accepts the offer of the Supplier and, if applicable, the Sharefarmer Supplier, to supply Milk to Bega on the terms of this Agreement.