CRC Business definition

CRC Business means (a) the exploration for and development and production of crude oil and condensate, NGL and natural gas in the State of California and in state waters offshore California, including all California operations of OPC’s Oil and Gas Segment, operated mainly through OXY Long Beach and California Resources Elk Hills, California Production, and the California operations of OXY USA, and the gathering and processing of such crude oil, condensate, NGL and natural gas, (b) the ownership interest in and operation of three gas-fired combined cycle power plants at Elk Hills Field in California and THUMS in California, (c) the marketing and trading of crude oil and condensate, NGL, natural gas, water, steam and electricity produced in the operations set forth in clause (a) and (b) of this definition, and (d) the abandonment, monitoring and remediation of oil and gas properties and operations utilized therein. For the avoidance of doubt, the “CRC Business” shall not include (i) the existing third-party crude oil and gas marketing business of OPC and its subsidiaries’ non-California midstream and marketing segment, which participates in various U.S. markets, including California, and (ii) the office building located at 00000 Xxxxxxxx Xxxxxxxxx, Xxx Xxxxxxx, XX 00000, which is owned by Oxy Westwood Corporation, a California corporation that is a subsidiary of Sub 1.
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CRC Business has the meaning set forth in the Separation Agreement.
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CRC Business means (a) the exploration for and development and production of crude oil and condensate, NGL and natural gas in the State of California and in state waters offshore California, including all California operations of OPC’s Oil and Gas Segment, operated mainly through OXY Long Beach and Occidental of Elk Hills, Vintage Production, and the California operations of OXY USA, and the gathering and processing of such crude oil, condensate, NGL and natural gas, (b) the ownership interest in and operation of three gas-fired combined cycle power plants at Elk Hills Field in California and THUMS in California, (c) the marketing and trading of crude oil and condensate, NGL, natural gas, water, steam and electricity produced in the operations set forth in clause (a) and (b) of this definition, and (d) the abandonment, monitoring and remediation of oil and gas properties and operations utilized therein. For the avoidance of doubt, the “CRC Business” shall not include the existing third-party crude oil and gas marketing business of OPC and its subsidiaries’ non-California midstream and marketing segment, which participates in various U.S. markets, including California.
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Examples of CRC Business in a sentence

  • CRC acknowledges that in the course of conduct of the CRC Business, OPC and members of the OPC Group may have entered into various arrangements in which guarantees, bonds, letters of credit or similar arrangements were issued or arranged by OPC or members of the OPC Group to support or facilitate the CRC Business.

  • The board of directors of OPC has determined that it is in the best interests of OPC and its stockholders to create a new publicly traded company that shall operate the CRC Business.

  • All funds raised must be deposited into a CRC Club Account with the CRC Business Services Office.

  • Chartered clubs are required to have a CRC Club/Organization Account, maintained by CRC Business Services Office.

  • Manage all congressional correspondence IAW Congressional Response Cell (CRC) Business Rules.

  • The addresses for such communications shall be: If to the Borrower, to: Attn: facsimile: With a copy by fax only to (which copy shall not constitute notice): Richardson & Patel, LLPAttn: Peter Hogan1100 Glendon Ave., Suite 850 Los Angeles, CA 90024facsimile: 310-208-1154 If to the Holder:ASHER ENTERPRISES, INC.

  • A further three projects require working up in conjunction with the CRCs for Freshwater Ecology and/or Coastal Zone; approvals for these projects will be sought from the Board in May.It has been decided that each CRC core project will be funded for three years initially, although most envisage a longer period to meet the targets set in the CRC Business Plan.

  • The CRC Business Manager will provide oversight of the in-country fiscal and administrative team, and the CRC grants specialist will coordinate with the in-country team on managing cash flow and advances.

  • The SFMP Accra-based finance manager will work with the CRC Business Manager to prepare the quarterly financial information required as part of the report and submit to the COP.

  • In Person Educational Workshop CCP Deliverables Task 2CCP Internal Team Training to Facilitate Workshops- Training- Observe in practiceREVISED Draft for 2.25.11 CRC Business Meeting Conference Call and Webinar Educational Workshops The Center recommends conducting at least two educational workshops by conference call and webinar.


More Definitions of CRC Business

CRC Business means (a) the exploration for and development and production of crude oil and condensate, NGL and natural gas in the State of California and in state and federal waters offshore California, including all California operations of OPC’s Oil and Gas Segment including those operated through California Resources Long Beach and CREH, CRPC, and the California operations of OXY USA, and the gathering and processing of such crude oil, condensate, NGL and natural gas, (b) the ownership interest in and/or operation of three natural gas-fired cogeneration power plants at Elk Hills Field in California and THUMS in California, (c) the marketing and trading of crude oil and condensate, NGL, natural gas, water, steam and electricity produced in the operations set forth in clause (a) and (b) of this definition, and (d) the abandonment, monitoring and remediation of oil and gas properties and operations utilized therein. For the avoidance of doubt, the “CRC Business” shall not include (i) the existing Third-Party natural gas marketing business of OPC and its Subsidiaries’ non-California midstream and marketing segment, which participates in various U.S. markets, including California, and (ii) the office building located at 10889 Wilshire Boulevard, Los Angeles, CA 90024, which is owned by Oxy Westwood Corporation, a California corporation that is a subsidiary of OXY USA.
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Related to CRC Business

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Company Business means the business of the Company and its Subsidiaries as presently conducted.

  • SpinCo Business has the meaning set forth in the Separation and Distribution Agreement.

  • Parent Business shall have the meaning set forth in the Separation and Distribution Agreement.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Excluded Business has the meaning set forth in Section 6.10.

  • Micro Business means a company which either:

  • Retained Businesses means all businesses now, previously or hereafter conducted by Parent, the Sellers or any of their Subsidiaries or Affiliates, other than the Business.

  • Licensed Business means the activities connected with the conveyance of

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Minority Business means a business:

  • Excluded Businesses means Business types which are excluded from application for an Inter-Community Business Licence and includes those Business types referred to in Schedule “A”.

  • Relevant Business means any business or part thereof howsoever carried on involving the supply of Restricted Goods and/or Services;

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • Separate Business means each of the activities of the Licensee connected

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Supply Business means the licensed business of the Licensee and anyaffiliate or related undertaking of the Licensee as a Supplier but shall not include the business carried out by the Board in its capacity as public electricity supplier;

  • Branch business means any insurance business transacted by a branch captive insurance company in this State.

  • Group Business Entity means;

  • Trust business means the business of acting as trustee, executor or administrator;