Major Portion definition

Major Portion of the Work means a segregated portion of the Work with a cost to the Owner of $10,000,000 or more.
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Major Portion of four hours means any work segment greater than two hours.
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Major Portion as used in this Lease shall mean either the Floor Group 1 Portion, the Floor Group 2 Portion, the Floor Group 3 Portion, or the Floor Group 4 Portion, as the context requires; and the term "Major Portion of the Initial Leased Premises" as used in this Lease shall mean all of that portion of the Initial Leased Premises located entirely within a Major Portion of the Building.
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Examples of Major Portion in a sentence

  • Cont below OS-2019-00443 February 05, 2019 February 05, 2019 Getschow William OS Open Seek the underlying data used by the Office of Natural Resources Revenue (ONRR) to calculate the Index-Based Major Portion (IBMP) in the South and North Fort Berthold designated areas for sweet crude (Product Code 61) in November 2018 and December 2018.

  • Copy of the Task Order¿s CURRENT Statement of Work/Performance Work Statement (SOW/PWS) OS-2019-00203 November 19, 2018 November 19, 2018 March 05, 2019 Kolar John OS Completed Any and all records for ONRR posted prices based on the Index-Based Major Portion Rule for the Designated Area which includes the Mandaree Field for November 2011 through the date of request.

  • Annual leave allowance shall be earned annually based on the following schedule: Years of ServiceWorking Hours Leave/Monthor Major Portion ThereofAnnual LeaveWorking Hours 0 thru completion of 5 7 hrs.

  • The Vendor will not prosecute any Major Portion of the Work knowing that it involves a material error, inconsistency or omission in the Contract without prior written notice to and approval by the Owner.

  • Major Portion of our working capital is utilized towards debtors and inventory.

  • The Index-Based Major Portion (IBMP) price The IBMP price is calculated by using the New York Mercantile Exchange (NYMEX) Calendar Month Average (CMA) and adjusting this value for a designated area-specific Location and Crude Type Differential (LCTD).

  • In addition, this rule provides simplicity, certainty, clarity, and consistency for Indian oil production valuation for Indian mineral revenue recipients and Indian mineral lessees.The proposed rule would require a lessee to value its oil produced on Indian tribal or allotted lands based on the higher of (1) the lessee’s gross proceeds or (2) an Index-Based Major Portion (IBMP) value adjusted by a Location and Crude Type Differential (LCTD), unique to each designated area and crude oil type.

  • The Major Portion provision applies for any Indian leases that provide that the Secretary has the authority to establish value or that the Secretarymay consider the highest price paid or offered for a major portion of production in determining value for royalty purposes.

  • Major Portion of assets of Distribution Licensee relates to Wire Business, as sub-stations, HT and LT lines are for wheeling of electricity.

  • Industry would incur these costs in the same amount each year thereafter.Summary of Royalty Impacts to Industry Cost—Using the Higher of the Index-Based Major Portion Formula Value or Gross Proceeds to Value Indian Oil SalesAs discussed above, we propose to add a provision under 30 CFR 1206.54 that explains how a lessee must meet its obligation to value oil produced from Indian leases based on the highest price paid for a major portion of like-quality oil from the field.

Related to Major Portion

  • Existing portion means that land surface area of an existing waste management unit, included in the original Part A permit application, on which wastes have been placed prior to the issuance of a permit.

  • Active portion means that portion of a facility where treatment, storage, or disposal operations are being or have been conducted after May 19, 1980, and which is not a closed portion. (See also “closed portion” and “inactive portion.”)

  • Portion is defined in Section 2.1(a) hereof.

  • Significant Portion means, for purposes of the casualty provisions set forth in Article XI hereof, damage by fire or other casualty to the Real Property and the Improvements or a portion thereof, the cost of which to repair would exceed ten percent (10%) of the Purchase Price.

  • Allocable Portion for purposes of this Plan, means (1) if there is one Distributor, all Earned Distribution and Earned Servicing Fees; or (2) if there are two or more Distributors, the portion of the Earned Distribution Fee and Earned Servicing Fee allocated to a Distributor in accordance with any allocation procedures to which each Distributor shall agree and which accurately allocates the Earned Distribution and Earned Servicing Fees among all Distributors in proportion to the outstanding New Class X Shares attributable to their respective efforts.

  • Applicable Portion means, with respect to any holder of shares of Preferred Stock, a number of shares of Preferred Stock calculated by multiplying the aggregate number of shares of Preferred Stock held by such holder immediately prior to a Qualified Financing by a fraction, the numerator of which is equal to the amount, if positive, by which such holder’s Pro Rata Amount exceeds the number of Offered Securities actually purchased by such holder in such Qualified Financing, and the denominator of which is equal to such holder’s Pro Rata Amount.

  • Inactive portion means that portion of a facility which is not operated after November 19, 1980. See also "active portion" and "closed portion".

  • Cash Portion is defined in Section 2.2(a)(iii) hereof.

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Interest Option means LIBOR or the Reference Rate.

  • Increased Facility Activation Notice means a notice substantially in the form of Exhibit B-1.

  • Vested Portion means, at any time, the portion of an Option which has become vested, as described in Section 3 of this Agreement.

  • Replacement Option has the meaning ascribed thereto in Section 2.2(f);

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

  • Unused Portion has the meaning assigned to that term in Section 2.09(a).

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Base Rate Portion of any Loan or Loans shall mean at any time the portion, including the whole, of such Loan or Loans bearing interest at such time (i) under the Base Rate Option or (ii) in accordance with Section 2.09(c)(ii) hereof. If no Loan or Loans is specified, "Base Rate Portion" shall refer to the Base Rate Portion of all Loans outstanding at such time.

  • Base Purchase Price has the meaning set forth in Section 2.2.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Premises Total Destruction means damage or destruction to the Premises, other than Lessee-Owned Alterations and Utility Installations, the repair cost of which damage or destruction is fifty percent (50%) or more of the then Replacement Cost of the Premises (excluding Lessee-Owned Alterations and Utility Installations and Trade Fixtures) immediately prior to such damage or destruction. In addition, damage or destruction to the Building, other than Lessee-Owned Alterations and Utility Installations and Trade Fixtures of any lessees of the Building, the cost of which damage or destruction is fifty percent (50%) or more of the then Replacement Cost (excluding Lessee-Owned Alterations and Utility Installations and Trade Fixtures of any lessees of the Building) of the Building shall, at the option of Lessor, be deemed to be Premises Total Destruction.

  • Closed portion means that portion of a facility which an owner or operator has closed in accordance with the approved facility closure plan and all applicable closure requirements. (See also “active portion” and “inactive portion”.)

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.