FRAC definition

FRAC or “fracking” means the process of stimulating production in oil and gas wells by fracturing the resource bearing formation through high pressure fluid injections.

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FRAC means the Finance Risk and Audit Committee

FRAC has the meaning set forth in Article 12.1.

Examples of FRAC in a sentence

• No FRAC Party shall have responsibility for the acts or omissions of FMR Parties.

• FRAC shall furnish services as an independent contractor and not as an employee or agent of FMR, FMR Co or FIMM.

• No FRAC Party shall have responsibility for any loss resulting from anything done or omitted to be done in good faith reliance on any written instructions from FMR Co or FIMM or any authorized representative thereof.

• FRAC has no power or authority to act for, represent, or bind FMR, FMR Co and FIMM or any company affiliated with FMR Co and FIMM, including FMR.

• In the event of equipment breakdown or failure beyond its control, FRAC shall, at no additional expense to FMR Co or FIMM, take reasonable steps to minimize service interruptions and mitigate their effects but shall have no liability with respect thereto.

• FRAC is willing to provide such investment advisory support services to FMR, FMR Co and FIMM on behalf of the Portfolios.

• In the event of equipment breakdown or failure beyond its control, FRAC shall, at no additional expense to FMR or FIMM, take reasonable steps to minimize service interruptions and mitigate their effects but shall have no liability with respect thereto.

• Section 5.1 This Agreement shall remain in effect until the earlier to occur of (i) the termination of the Coinsurance Agreement, or (ii) Citigroup no longer being the ultimate controlling company of FRAC.

• FRAC shall ensure that a Monitor, in performing his or her duties, shall not disrupt the normal operations of PLICC in any material respect.

• No FRAC Party shall have responsibility for any loss resulting from anything done or omitted to be done in good faith reliance on any written instructions from FIMM or any authorized representative thereof.

More Definitions of FRAC

FRAC means an operation designed to crack or break up formations which contain Oil and gas by pumping liquids and/or gases with proppants into the formation under high pressure, in order to increase the formation's Permeability and to achieve greater production.

FRAC means the Franciscan Resident Advisory Committee, a nonprofit public benefit corporation organized as a limited equity housing cooperative pursuant to Health and Safety Code Section 33007.5, and its successors and assigns to the Development.

FRAC means the Finance Risk and Audit Committee of the Marketing Association.

FRAC or "fracing" means the process of fracture stimulation of a rock formation.

FRAC or “fracing” means Hydraulic fracturing, a common practice that is used to stimulate production of oil and natural gas from dense subsurface rock formations.