Drilling Carry Termination Date definition

Drilling Carry Termination Date means the earlier to occur of:
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Drilling Carry Termination Date shall have the meaning set forth in the Participation Agreement.
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Drilling Carry Termination Date means, subject to Section 3.4, the earlier to occur of:
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Examples of Drilling Carry Termination Date in a sentence

  • Work Plan and Budgets after the Drilling Carry Termination Date shall be initially proposed by Atlas and shall be subject to the Parties’ approval pursuant to the terms of this Section 5.3. Atlas shall regularly advise the Joint Development Committee in accordance with Section 5.1(b) and (c) during the preparation of each proposed Development Plan and Annual Work Plan and Budget after the Drilling Carry Termination Date.

  • Except as set forth in clause (b)(iii) of the definition of Drilling Carry Termination Date or the last paragraph of such definition, in no event shall the Drilling Carry Termination Date extend beyond the date that is seven and one-half years from the Effective Date.

  • Notwithstanding any provision of this Agreement, if upon the occurrence of the Drilling Carry Termination Date, the amount of the Drilling Carry Obligation paid by (or, if funded pursuant to the Letter of Credit or the Reliance Guarantee, on behalf of) Reliance for any reason is less than the Drilling Carry Cap, the Drilling Carry Obligation shall terminate and Reliance shall have no further obligation with respect thereto.

  • From and after the Drilling Carry Termination Date, prior to entering into a Development Operations Contract that can reasonably be expected to result in aggregate payments to the counterparty of more than ten million dollars during any Calendar Year, a Development Operator shall (i) consult with the other Party with respect thereto and (ii) provide a summary of the material terms of such contract to the other Party.

  • On or before the date that is no later than three months prior to the first Calendar Year after the Drilling Carry Termination Date, Atlas shall prepare and submit to Reliance a Development Plan setting forth the Development Operations to be carried out during the following two Calendar Years and the respective Annual Work Plan and Budgets for such Calendar Years.

  • STC Eagleville shall have the right to (i) offset the amount owed by Forest after the Drilling Carry Termination Date against the proceeds from the sale of Forest’s Participating Interest Share of Production or (ii) obtain relief pursuant to a Final Order.

Related to Drilling Carry Termination Date

  • Lease Termination Date means the last day of the Lease Term.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Scheduled Termination Date means the date that is 364 days from (and including) the Effective Date, or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.03.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Availability Termination Date the earlier of (i) the date that is the seventh anniversary of the Closing Date and (ii) the date on which the Administrative Agent delivers to the Servicer a notice of termination as a result of a Termination Event in accordance herewith (or the date on which such termination becomes effective automatically pursuant to Section 7).

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2, TERM NOTE 4, and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, April 21, 2006; (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’S election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Accrual Termination Date Not applicable.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • Anticipated Termination Date Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant to Section 9.01(c) of this Agreement.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Standstill Termination Date means the earlier of (i) 90 days after the Board Designation Termination Date and (ii) the later of (A) the first anniversary of the date of this Agreement and (B) 90 days after the date on which all Purchaser Designated Directors have resigned or been removed from the Board and the Purchaser has permanently waived and renounced its Board designation rights under Section 1.

  • Event Termination Date See Section 2(e) hereof.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Offering Termination Date means the last day of each March, June, September and December following an Offering Commencement Date, or such other Offering Termination Date established in connection with a Terminating Event.

  • Delivery Period Termination Date Has the meaning specified in the Related Pass Through Trust Supplement.

  • Liquidity Termination Date means the earlier to occur of the following:

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Transition Date means the date on which this contract comes into effect for all purposes. Schedule 1 (Contract Particulars)