FUTURE NET definition

FUTURE NET. REVENUES" shall mean, for any period, the future gross revenues attributable to all or a part (as specified herein) of Proved Reserves constituting part of the Hydrocarbon Properties for such period less the sum for such period of all projected Operating Expenses and Capital Expenditures with respect thereto, as set forth in the related Borrowing Base Report, and less (without duplication) all amounts projected to be applied to the discharge of any Production Payment and to the unearned balance of any advance payment received under any contract to be performed relating to such Proved Reserves.
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FUTURE NET. REVENUES" shall mean, as of any date of determination for any period, the projected gross revenues attributable to all or a part (as specified herein) of Proved Reserves constituting part of the Hydrocarbon Properties included in the Reserve Evaluation Report for such period less the sum for such period of all projected Operating Expenses and Capital Expenditures with respect thereto, as set forth in the related Reserve Evaluation Report, and less (without duplication) all amounts projected to be applied to the discharge of any advance payments or similar agreements with respect to hydrocarbons in place and to the unearned balance of any advance payment received under any contract to be performed relating to such Proved Reserves.
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Examples of FUTURE NET in a sentence

  • EFFECTIVE DECEMBER 31, 1998 FOR DISCLOSURE TO THE SECURITIES AND EXCHANGE COMMISSION WILLIAMSON PROJECT 9.8740 NET RESERVES AND FUTURE NET REVENUE FROM REPORTS PREPARED BY WILLIAMSON PETROLEUM CONSULTANTS, INC.

  • IF YOU EXERCISE YOUR ONE TIME CONVERSION RIGHT, WE WILL AUTOMATICALLY ALLOCATE ALL FUTURE NET PREMIUMS TO THE GENERAL ACCOUNT.

  • YOUR RIGHT YOU MAY CHANGE THE ALLOCATION OF FUTURE NET PREMIUMS AMONG THE GENERAL ACCOUNT TO CHANGE AND/OR THE DIVISIONS OF SEPARATE ACCOUNT ELEVEN SUBJECT TO THE CONDITIONS OUTLINED ALLOCATION IN THE ALLOCATION OF THE NET PREMIUMS PROVISION.

  • STANDARDIZED MEASURE OF DISCOUNTED FUTURE NET CASH FLOWS AND CHANGES THEREIN The standardized measure of discounted future net cash flows is based on estimates made by Sproule of net proved reserves.

  • Finally, responding to this request, which is broader in scope than Interrogatory 14 and Requests for Pro- duction 7 and 15, would no doubt cost Defendant at least as much as responding to those requests and would do little to advance this litigation.

  • Gas FUTURE NET INCOME - $M INTEREST Condensate Products Gas $/bbl.

  • PART 4 RECONCILIATIONSRECONCILIATION OF CHANGES IN RESERVES AND FUTURE NET REVENUE Item 4.1 Reserves Reconciliation 1.

  • STANDARDIZED MEASURE OF DISCOUNTED FUTURE NET CASH FLOWS AND CHANGES THEREIN The standardized measure of discounted future net cash flows is based on estimates made or audited by GLJ and Sproule of net proved reserves.

  • Any unusual combination of variations in these factors could result in future receipts considerably more or less than those estimated herein.THE ESTIMATED FUTURE NET REVENUES AND PRESENT WORTH OF FUTURE NET REVENUES ARE NOT REPRESENTED AS MARKET VALUES FOR THE SUBJECT PROPERTIES.

  • Submittal of a preliminary plat, prepared in accordance with Section 5-102, herein for planning commission approval.

Related to FUTURE NET

  • future net revenue means a forecast of revenue, estimated using forecast prices and costs or constant prices and costs, arising from the anticipated development and production of resources, net of the associated royalties, operating costs, development costs, and abandonment and reclamation costs;

  • OGTR means the Office of the Gene Technology Regulator.

  • HESA’ means the Higher Education Support Xxx 0000, as amended;

  • AAEC means "Appreciable Adverse Effect on Competition" as per Competition Act

  • AHPRA means The Australian Health Practitioner Regulation Agency. AHPRA is responsible for regulating Australia’s registered health practitioners.

  • UConn Health or “UCH” shall mean University of Connecticut Health and its affiliates.

  • RSMML or “COMPANY” shall mean “Rajasthan State Mines & Minerals Limited,” having its registered office at C - 89-90, Lal Kothi Scheme, Jaipur (Rajasthan) 302 015, and Corporate Office at 4, Meera Marg, Udaipur (Rajasthan) including its successors in office and assignees or its representatives authorized to act on its behalf for the purpose of contract.

  • economic operators means the manufacturer, the authorised representative, the importer and the distributor;

  • EUMA means the “SAP Delivered Support Agreement” which sets out the terms and conditions under which SAP provides support to End Users and which will be provided by SAP on a deal by deal basis.

  • NEO or “named executive officer” means each of the following individuals:

  • AEOI means one or more of the following, as the context requires:

  • Related Financial Product means any financial product which references directly or indirectly the Preference Shares.

  • TELRIC means Total Element Long-Run Incremental Cost.

  • POPI means the Protection of Personal Information Act, 4 of 2013;

  • Base Year means the period set forth in Section 5 of the Summary.

  • CMBI means Chase Manhattan Bank International, an indirect wholly-owned subsidiary of Bank, located in Moscow, Russia, and any nominee companies appointed by it.

  • AT&T-12STATE means the AT&T owned ILEC(s) doing business in Arkansas, California, Illinois, Indiana, Kansas, Michigan, Missouri, Nevada, Ohio, Oklahoma, Texas and Wisconsin.

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • Bed and breakfast means property classified as residential real property under section 34c that meets all of the following criteria:

  • Promisee means a party to a motor carrier transportation contract who is not a motor carrier or, if the promisee is a motor carrier, a party to a motor carrier transportation contract who is not transporting property for compensation or hire. Promisee includes agents, employees, servants, and independent contractors who are directly responsible to the promisee.

  • POPIA means the Protection of Personal Information Act, No 4 of 2013;

  • Hydrozone means a portion of the landscaped area having plants with similar water needs. A hydrozone may be irrigated or non-irrigated.

  • CPI means the headline consumer price index (for all urban areas) annual inflation rate, or such amended or replacement index, as published monthly by Statistics South Africa in Statistical Release P0141, available from <http://www.statssa.gov.za>.

  • Radiologic technologist means an individual, other than a licensed doctor of medicine, osteopathy,

  • LOCKHEED XXXXXX means LOCKHEED XXXXXX CORPORATION, acting through its companies or business units as identified on the face of this Contract. If a subsidiary or affiliate of LOCKHEED XXXXXX CORPORATION is identified on the face of this Contract, then "LOCKHEED XXXXXX" means that subsidiary or affiliate.

  • APD means "Aging and People with Disabilities".