Drilling Obligation Completion Date definition

Drilling Obligation Completion Date has the meaning given to such term in the Development Agreement.
Sample 1Sample 2Sample 3
Drilling Obligation Completion Date means the date that the Total Drilling Target is reached; provided that the “Drilling Obligation Completion Date” shall not be deemed to have been achieved unless XxxxXxxxx Parent shall have delivered to Trustee, within a reasonable time thereafter, (a) a certificate substantially in the form of Exhibit B to this Development Agreement, executed by its Chief Executive Officer, President or any Vice President, certifying that the Total Drilling Target was achieved as of such date and identifying each Development Well and (b) such other documentation as Trustee may reasonably request to establish satisfaction of XxxxXxxxx’x drilling obligation hereunder.
Sample 1Sample 2Sample 3
Drilling Obligation Completion Date means the date that the Total Drilling Target is achieved; provided that the “Drilling Obligation Completion Date” shall not be deemed to have been achieved until Chesapeake Parent shall have delivered to the Trustee a certificate substantially in the form of Exhibit B to this Development Agreement, executed by its Chief Executive Officer, President or any Vice President, certifying that the Total Drilling Target was achieved as of such date and identifying each Development Well, the Adjusted Development Well Amount for each Development Well and the Lateral Distance Factor and NRI Factor used to calculate the Adjusted Development Well Amount for each Development Well.
Sample 1Sample 2Sample 3

Examples of Drilling Obligation Completion Date in a sentence

  • Assignor will not Transfer any Well or any of the Subject Interests comprising a part of the Subject Lands pursuant to Sections 11.01 and 11.02 prior to the Drilling Obligation Completion Date, and in the event of any attempted Transfer in violation of this Section 11.03, Assignor shall remain liable and a party hereto, just as if no Transfer attempt had been made, and Assignee shall continue to deal with Assignor to the exclusion of the purported transferee.

  • Assignor will not Transfer any Development Well or any of the Subject Interests comprising a part of the Subject Lands pursuant to Sections 11.01 and 11.02 prior to the Drilling Obligation Completion Date, and in the event of any attempted Transfer in violation of this Section 11.04, Assignor shall remain liable and a party hereto, just as if no Transfer attempt had been made, and Assignee shall continue to deal with Assignor to the exclusion of the purported transferee.

  • XxxxXxxxx hereby certifies to the Trust that XxxxXxxxx achieved the Total Drilling Target on [insert date] and, therefore, such date shall be, for all purposes, established as the Drilling Obligation Completion Date.

  • Please sign and return an executed copy of this letter to certify that you require no additional documentation to establish XxxxXxxxx’x satisfaction of its drilling obligation under the Development Agreement and that [insert date] shall be, for all purposes, established as the Drilling Obligation Completion Date.

  • This Development Agreement shall terminate and be deemed null and void as of and following the Drilling Obligation Completion Date.

  • After the Drilling Obligation Completion Date, Assignee shall, on request, execute, acknowledge and deliver to Assignor a recordable instrument (reasonably acceptable to Assignor) that reconveys to Assignor the Royalty Interest except with respect to all Subject Minerals in, under and that may be produced from any wellbore of any Development Well.

  • After the Drilling Obligation Completion Date, Assignee shall, on request, execute, acknowledge and deliver to Assignor, a recordable instrument (reasonably acceptable to Assignor) that reconveys to Assignor the Royalty Interest except with respect to all Subject Minerals in, under and that may be produced from any wellbore of any Development Well.

  • After the Drilling Obligation Completion Date, Assignee shall, on request, execute, acknowledge and deliver to Assignor a recordable instrument (reasonably acceptable to Assignor) that reconveys to Assignor the Royalty Interest except with respect to all Subject Minerals that may be produced from any wellbore of any Development Well.

  • Subsequent to the Drilling Obligation Completion Date, neither Assignor nor any of its Affiliates shall drill any Mineral well that will have a perforation or a stimulation site in the Target Formation that will be within six hundred sixty feet (660’) of any perforation or stimulation site of any Development Well which produces oil or gas from the Target Formation.

  • Subsequent to the Drilling Obligation Completion Date, neither Assignor nor any of its Affiliates shall drill any Mineral well that will have a perforation or a stimulation site in the Target Formation that will be within six hundred sixty feet (660’) of any perforation or stimulation site of any Well which produces oil or gas from the Target Formation.


More Definitions of Drilling Obligation Completion Date

Drilling Obligation Completion Date means March 31, 2008. -----------------------------------
Sample 1Sample 2Sample 3
Drilling Obligation Completion Date means March 31, 2008.
Sample 1Sample 2Sample 3
Drilling Obligation Completion Date means the date that is the earlier of the date that the Total Drilling Target has been reached or March 31, 2013, as such date may be extended pursuant to Section 2.01(c); provided, however, that Assignor has delivered to the Trustee (a) a certificate executed by the President or any Vice President of Assignor certifying that Assignor’s drilling obligation was satisfied as of such date and (b) such other documentation as the Trustee may reasonably request to establish satisfaction of Assignor’s drilling obligation hereunder.
Sample 1Sample 2
Drilling Obligation Completion Date means _______________, 2009.
Sample 1

Related to Drilling Obligation Completion Date

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Construction Completion Date means the date by which the overall development of the Project is completed in accordance with the provisions of this Agreement and when the Construction Completion Certificate is issued by the Independent Engineer as per Article 14.1.

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Final Completion Date means the date on which Final Completion occurs.

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • Scheduled Project Completion Date shall have the meaning specified in Section 6.3 (c);

  • COMPLETION TIME means the period by date specified in the acceptance of tender for handing over the erected equipment/plant which are found acceptable by the Engineer being of required standard and conforming to the specifications of the contract.

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Scheduled Completion Date shall be the date set forth in Clause 10.3;

  • Completion Deadline means August 15, 2018, or such later date as may be agreed to in writing by the Parties;

  • Outside Completion Date shall have the meaning assigned to such term in Section 6.3(d).

  • Construction Completion means physical construction of a cleanup action component is complete.

  • Guaranteed Substantial Completion Date or “Guaranteed Substantial Completion Dates” has the meaning set forth in Section 5.3B.

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Construction Completion Certificate means a document:

  • Commercial Operation Date (COD) means the date certified by the DISCOM’s committee upon successful commissioning (as per provisions of the PPA) of the project when all equipments as per rated capacity have been installed and energy has flown into the grid.

  • Notice to Proceed (NTP) means the authorization issued by the CO to start performance on this Contract.

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • SWS wage assessment agreement means the document in the form required by the Department of Education, Employment and Workplace Relations that records the employee’s productive capacity and agreed wage rate

  • Completion Notice means a notice issued by the Developer in accordance with clause 6.1.

  • Testson Completion means the tests which are specified in the Contractor agreed by both Parties or instructed as a Variation, and which are carried out under Clause 9 [Tests on Completion] before the Works or a Section (as the case may be) are taken over by the Procuring Entity.

  • Subproject Agreement means any of the agreements referred to in Section 3.07 of this Agreement; and