Marcellus Formation definition
Examples of Marcellus Formation in a sentence
Further for clarity, if a Party or any of its Affiliates, directly or indirectly, acquires a Lease or related asset in the Development Area that does not cover any depths within the Marcellus Formation, then such acquisition shall not be subject to the terms of this ARTICLE V or the other terms of this Agreement.
If hired as a priority hire, I will receive retroactive seniority for salary and vacation accrual, and an employment payment in lieu of retroactive benefits, in the amount of: [insert amount] dollars ($ .
In the event a Fill-In Interest or an Option Interest is acquired pursuant to this ARTICLE V, only the portion of such Fill-In Interest or Option Interest that covers depths within the Marcellus Formation shall thereafter be subject to the terms and provisions of this Agreement and the depths outside the Marcellus Formation shall not be subject to the terms of this Agreement.