Frac Spread definition

Frac Spread means the difference in price between natural gas and the applicable NGL products, generally expressed in US$ per US gallon;
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Frac Spread means the sum of (i) the sales price per gallon received by the Borrower and its Subsidiaries with respect to the sale of natural gas liquids produced at the Siloam Plant pursuant to Keep Whole Contracts LESS (ii) the cost per gallon of natural gas paid by the Borrower and its Subsidiaries with respect to the sale of natural gas liquids produced at the Siloam Plant pursuant to Keep Whole Contracts."
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Frac Spread means a complement or “spread” of equipment required to perform a hydraulic fracturing job as further described in Section 4 – “Scope of Work”.
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Examples of Frac Spread in a sentence

  • Each Dedicated Frac Spread will be available for the provision of Services commencing on the In-Service Date set forth with respect thereto on Exhibit A.

  • If Contractor is unwilling or unable to assign additional Fully Shell Approved Frac Spread, Company has the right to re-assign work scope from Contractor to an alternative fracturing provider until such time as Contractor is able to meet agreed upon performance targets.

  • After the end of the Catch-up Period, the fixed monthly fee will be $[*]1 per Dedicated Frac Spread plus any applicable CPI adjustment, as provided in Exhibit B.

  • The Parties agree that during the Suspension Period the monthly fee of $[*]1 per Dedicated Frac Spread (which is part of the Services Fees) shall be [*]1, and that the monthly fee for the Catch-up Period shall be [*]1 per Dedicated Frac Spread to $[*]1 per Dedicated Frac Spread.

  • In the event Contractor is unable to utilize Dedicated Frac Spread(s) for other customers, Contractor and Company will defer [*]1 (“Recoupment Costs”) per Dedicated Frac Spread.

  • Contractor will use commercially reasonable efforts to meet the particular scheduling and operational requirements requested from time to time by Company subject to the availability of, and the operational capacity and limitations of, the Dedicated Frac Spread.

  • For the first Frac Spread to commence Work, the length of the Ramp-up Period and the minimum number of Frac Stages to deliver per month during the Ramp-up Period will be [***] to hit Tier 2 targets and an additional [***] to hit Tier 1 targets for a total Ramp-Up period of [***], unless otherwise agreed.

  • Contractor will repay the Company’s Prepayment beginning in the month when the 1st Frac Spread is approved for Company operations (“Month 1”) and then per the following schedule.

  • For any Frac Stage within a Frac Spread, Company may elect one of two pricing structures.

  • The Parties further anticipate that second Frac Spread will be delivered Fully Approved for Shell Operations on or about March 1, 2012.

Related to Frac Spread

  • Fixed Spread means the Bank’s fixed spread in effect at 12:01 a.m. Washington, D.C. time, one calendar day prior to the date of the Loan Agreement, for the Currency of denomination of such amount.”

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • Applicable Spread means, in connection with the Maximum Rate for any Rate Period (and subject to adjustment as described in the definition of Maximum Rate) (i) when there is not a Failed Remarketing Condition, 200 basis points (2.00%), and (ii) while a Failed Remarketing Condition has occurred or is continuing, 200 basis points (2.00%) (up to 59 days of a continued Failed Remarketing Condition), 225 basis points (2.25%) (sixty (60) days but fewer than ninety (90) days of a continued Failed Remarketing Condition), 250 basis points (2.50%) (ninety (90) days but fewer than 120 days of a continued Failed Remarketing Condition), 275 basis points (2.75%) (120 days but fewer than 150 days of a continued Failed Remarketing Condition), 300 basis points (3.00%) (150 days but fewer than 180 days of a continued Failed Remarketing Condition), and 400 basis points (4.00%) (180 days or more of a continued Failed Remarketing Condition); provided that, if at any time when the Applicable Spread is 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) and the Failed Remarketing Condition no longer exists due to the successful remarketing of all Purchased VRDP Shares, then such Applicable Spread of 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) will continue to be the Applicable Spread in connection with determining the Maximum Rate in effect for each Rate Period commencing with the first Subsequent Rate Period after the Failed Remarketing Condition no longer exists through and including the first Subsequent Rate Period ending on or after the 45th day after the day the Failed Remarketing Condition no longer exists; provided, further, that (i) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 225 basis points (2.25%), the date such new Failed Remarketing Condition occurs will be deemed to be the 60th day of a continued Failed Remarketing Condition, (ii) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 250 basis points (2.50%), the date such new Failed Remarketing Condition occurs will be deemed to be the 90th day of a continued Failed Remarketing Condition, (iii) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 275 basis points (2.75%), the date such new Failed Remarketing Condition occurs will be deemed to be the 120th day of a continued Failed Remarketing Condition, (iv) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 300 basis points (3.00%), the date such new Failed Remarketing Condition occurs will be deemed to be the 150th day of a continued Failed Remarketing Condition and (v) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 400 basis points (4.00%), the date such new Failed Remarketing Condition occurs will be deemed to be the 180th day of a continued Failed Remarketing Condition, in each case, solely for purposes of determining the Applicable Spread.

  • Excess Spread means, with respect to any Distribution Date, the sum of the amounts, if any, specified pursuant to subsections 4.05(a)(iv), 4.05(b)(iii) and 4.05(c)(ii) with respect to such Distribution Date.

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investments, by the outstanding principal balance of such Floating Rate Portfolio Investments as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments and rounding the result up to the nearest 0.01%.