D&A Operations definition

D&A Operations means, prior to the Drawdown Termination Date, the development and acquisition activities proposed to be undertaken by Borrower or, in the case of Non-Operated Properties, participated in by Borrower from time to time, including (a) drilling, sidetracking, deepening, fracturing, refracturing, completing, recompleting or reworking activities or similar activities to be conducted on the Properties, (b) maintenance and reclamation of w▇▇▇▇ and other fixtures and equipment that are part of the Properties, (c) acquisition and installation of gathering and compression assets, (d) installation and construction of pipeline assets, (e) acquisition of any one or more additional Oil and Gas properties, including undeveloped lease acquisitions, and (f) geological and geophysical examinations, aerial mapping, test well drilling and other operations in order to explore an area and evaluate the existing structural or stratigraphic traps and includes bulldozing, road building, surveying and all work necessarily connected therewith.
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Examples of D&A Operations in a sentence

  • Time is of the essence in the proposal and conduct by Borrower of each of the D&A Operations approved by Lender.

  • Borrower is not subject to or restricted by any franchise, contract, deed, charter restriction or other instrument or restriction which could reasonably be expected to have a Material Adverse Effect on Borrower’s financial condition, or Borrower’s ability to timely pay the Note and the other Obligations and to perform its obligations under the Loan Documents or conduct the D&A Operations.

  • No consents, options, rights of first refusal or similar rights are outstanding in favor of any Person regarding the consummation of the transactions contemplated under the various Loan Documents, or, except for consents, permits and authorizations required to be obtained or renewed from time to time from Governmental Authorities, conducting the D&A Operations.

  • Borrower’s intent, willingness and ability to conduct each of the D&A Operations and the actual implementation of such D&A Operations is a material inducement to Lender’s entry into this Agreement, in the absence of which Lender would not have done so.

  • Discretionary D&A Loan proceeds may be used by Borrower for the purposes of funding Borrower’s share of costs and expenses relating to the conduct of the Discretionary D&A Operations pursuant to Section 2.1(b) and Section 2.1(c), including reimbursement of expenses previously paid by Borrower for any corporate or business purpose of Borrower, all as approved by Lender in writing.

  • To the extent any D&A Loan proceeds remain unused by Borrower subsequent to the completed D&A Operations for which they were advanced, Borrower may use such unused funds only for other D&A Operations approved by Lender or to repay any Obligations in accordance with the terms of this Agreement.

  • Borrower is duly authorized to borrow funds hereunder and generally to conduct all D&A Operations.

  • Borrower shall submit a Request for Commitment with the applicable AFE(s) and other supporting materials to Lender for the proposed D&A Operation(s) for which it seeks funding hereunder.

Related to D&A Operations

  • Branch operations means any business operations of a branch captive insurance company in this State.

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Exploration Operations means any operations carried out for or in connection with the exploration for minerals, and includes -

  • Drilling operations means the drilling of an oil and gas well and the production and completion operations ensuing from the drilling which require entry upon the surface estate and which were commenced after June 30, 1979, and oil and gas geophysical and seismograph exploration activities commenced after June 30, 1983.