Marketable Condition definition

Marketable Condition for oil means sufficiently free from impurities and otherwise in a condition that it will be accepted by a purchaser under a sales contract typical for the field or area.
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Marketable Condition for gas means sufficiently free from impurities, except CO2, H2S and N2, and otherwise in a condition that it will be accepted by a purchaser under a sales contract typical for the field or area.
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Marketable Condition for gas means sufficiently free from impurities, except CO2, H2S, and N2, and otherwise in a condition that it will be accepted by a purchaser under a sales contract typical for the field or area.
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Examples of Marketable Condition in a sentence

  • Whether Marketable Condition for helium occurs at Grade A quality as plaitniff contends or earlier; .

  • Inderbitzin, The Marketable Condition Rule (presented to the Petroleum Accountants Society of Oklahoma, Feb.

  • The Ballot Designation Worksheet is a form that candidates use to request a ballot designation and to justify the reason for requesting that designation.

  • In some cases, lessors prefer to adopt, what is called the "Marketable Condition Rule".

  • In 2014, the Oregon Employment Relations Board (ERB) held that Maureen’s status is as a continuous appointment (the equivalent of tenure) full-time faculty member in the Computer Information Systems and Business Administration job classifications.

  • Independent Petroleum Ass’n of New Mexico, The Marketable Condition Rule: Federal and NM, at 5 (IPANM Annual Meeting 2013) (IPANM).

  • Deducting (in cash or in-kind) costs for placing the gas in Marketable Condition, such as gathering, compression, dehydration, treatment, processing, or other deductions.

  • Accordingly, under the Marketable Condition Rule, additional costs are imposed on the lessee or operator by prohibiting it from sharing the costs of post-production value adding activities with its lessor.

  • First, it contends that the Amended Complaint does not advance some Colorado-specific version of the Marketable Condition Rule.

  • The next part is similar to server where a while loop is used to keep running the client as long as user wants.


More Definitions of Marketable Condition

Marketable Condition means “lease products which are sufficiently free from impurities and otherwise in a condition that they will be accepted by a purchaser under a sales contract typical for the field or area” 30 CFR §1206.151
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Marketable Condition means the "lease products are sufficiently free from impurities and otherwise in a condition that they will be accepted by a purchaser under a sales contract typical for the field or area." 30 C.F.R. § 206.101 (1994). The concept of "marketable condition" entails not only the physical conditioning of the gas, but marketing services as well. For royalty purposes, a lessee is responsible for arranging transportation downstream of the delivery point, dealing with local distribution companies, aggregating nominations of customers on the same pipeline, finding purchasers, negotiating sales contracts and monitoring sales, the costs of storage,
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Marketable Condition. ’ means lease production that
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Marketable Condition means space that is contiguous and in a commercially reasonable marketable configuration for lease to a third party tenant, as determined by Landlord in its reasonable discretion. In connection with the preparation of the Final Working Drawings, Tenant shall cause its “Architect,” as that term is defined in the Tenant Work Letter, to include the rentable and usable square footage of the Building B Substitute Premises, which measurement shall be make in compliance with the Standard Method for Measuring Floor Area in Office Building, ANSI Z65.1 – 1996 and its accompanying guidelines (“BOMA”). Landlord’s approval of the Final Working Drawing shall not be deemed to be Landlord’s approval of the measurement of the Building B Substitute Premises. Within thirty (30) days after Landlord’s approval of the Final Working Drawings, Landlord shall have the right to have Landlord’s space planner/architect verify the measurement of the rentable and usable square feet of the Building B Substitute Premises performed by Tenant’s Architect. In the event Landlord’s space planner/architect disagrees with Tenant’s Architect as to the rentable and usable square feet of the Building B Substitute Premises, then Landlord’s space planner/architect shall notify Tenant’s Architect (a “Measurement Notice”) and Landlord’s space planner/architect and Tenant’s Architect shall promptly meet to discuss the measurement of the Building B Substitute Premises. In the event Landlord’s space planner/architect and Tenant’s Architect are not able to agree on the rentable and usable square feet of the Building B Substitute Premises within ten (10) business days following the date Tenant’s Architect receives the Measurement Notice, then the determination of Landlord’s space planner/architect shall be conclusive and binding upon the parties. Once the rentable and usable square feet of the Building B Substitute Premises has been determined, all amounts, percentages and figures appearing or referred to in this Fourth Amendment based upon such square footage (including, without limitation, the amount of the Base Rent, Tenant’s Share and the Tenant Improvement Allowance) shall be modified in accordance with such determination, and Landlord and Tenant shall execute an amendment to the Lease setting forth such correct amounts, numbers and figures.
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Marketable Condition means petroleum that is sufficiently free from impurities and is otherwise in such a condition that it will be accepted for transportation through a transportation facility; (hydrocarbures commercialisables)
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Related to Marketable Condition

  • Marketable Security means any common stock, debt security or other security of a Person which is (or will, upon distribution thereof, be) listed on the NYSE, the American Stock Exchange, NASDAQ or any other national securities exchange registered under Section 6 of the Securities Exchange Act of 1934, as amended, or approved for quotation in any system of automated dissemination of quotations of securities prices in the United States or for which there is a recognized market maker or trading market.

  • Marketable Title means such ownership by Seller in the Assets that, subject to and except for the Permitted Encumbrances:

  • fair and reasonable conditions means appropriate conditions, including possible financial terms or royalty-free conditions, taking into account the specific circumstances of the request for access, for example the actual or potential value of the results or background to which access is requested and/or the scope, duration or other characteristics of the exploitation envisaged;

  • Marketable Securities means securities meeting all of the following requirements: (i) the issuer thereof is then subject to the reporting requirements of Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and is then current in its filing of all required reports and other information under the Act and the Exchange Act; (ii) the class and series of shares or other security of the issuer that would be received by Holder in connection with the Acquisition were Holder to exercise this Warrant on or prior to the closing thereof is then traded in Trading Market, and (iii) following the closing of such Acquisition, Holder would not be restricted from publicly re-selling all of the issuer’s shares and/or other securities that would be received by Holder in such Acquisition were Holder to exercise or convert this Warrant in full on or prior to the closing of such Acquisition, except to the extent that any such restriction (x) arises solely under federal or state securities laws, rules or regulations, and (y) does not extend beyond six (6) months from the closing of such Acquisition.

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Rating Condition has the meaning specified in Section 2.06(c)(ii).

  • Good Value means that the Benchmarked Rates are within the Upper Quartile;

  • Good and Defensible Title means title that is free from reasonable doubt to the end that a prudent person engaged in the business of purchasing and owning, developing, and operating producing oil and gas properties in the geographical areas in which they are located, with knowledge of all of the facts and their legal bearing, would be willing to accept the same acting reasonably.

  • Acute condition means that the individual is medically unstable. Such an individual requires frequent monitoring by medical professionals, such as physicians and registered nurses, in order to maintain his or her health status.

  • Qualified Equity Interests means all Equity Interests of a Person other than Disqualified Equity Interests.

  • Unencumbered means, with respect to any Hotel Property, at any date of determination, the circumstance that such Hotel Property on such date:

  • Condition Satisfaction Date shall have the meaning set forth in Section 7.2.

  • Trading Price Condition shall have the meaning specified in Section 14.01(b)(i).

  • Investment Grade Securities means:

  • Investment Grade Certificate As of any date of determination, a Certificate that is rated in one of the four highest generic rating categories by at least one Rating Agency that is defined as a “Rating Agency” under Section III of the Exemption.

  • Specified Condition means, with respect to a party, any event specified as such for that party in Paragraph 13.

  • Investment Grade Credit Rating means (i) a Credit Rating of Baa3 or higher given by Xxxxx’x, (ii) a Credit Rating of BBB- or higher given by S&P or (iii) a Credit Rating of BBB- or higher given by Fitch.

  • these Conditions means the standard terms and conditions of purchase set out in this document and (unless the context otherwise requires) includes any special terms and conditions agreed in writing between the Buyer and the Seller;

  • Defensible Title means, with respect to a given Asset, such ownership by Seller in that Asset that, subject to and except for Permitted Encumbrances:

  • restrictive condition means any condition registered against the title deed of land restricting the use, development or subdivision of the land concerned:

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Release Condition means the following:

  • Specified Conditions means, at any time of determination thereof, (a) no Incremental Term Loans in the form of an institutional term loan B facility have been issued and are outstanding pursuant to Section 2.20 of the Credit Agreement and (b) (i) the Company’s “corporate credit rating” from S&P (or such other term as S&P may from time to time use to describe the Company’s senior unsecured non-credit enhanced long term indebtedness, such rating, the “S&P Rating”) shall be at least BBB- (with a stable outlook) and the Company’s “corporate family rating” from Xxxxx’x (or such other term as Xxxxx’x may from time to time use to describe the Company’s senior unsecured non-credit enhanced long term indebtedness, such rating, the “Xxxxx’x Rating”) shall be at least Baa3 (with a stable outlook) or (ii) (x) the Company’s S&P Rating shall be at least BBB- (with a stable outlook) or the Company’s Xxxxx’x Rating shall be at least Baa3 (with a stable outlook) and (y) the Leverage Ratio is less than or equal to 2.50 to 1.00.

  • Burdensome Condition has the meaning set forth in Section 5.06(a).

  • Qualified Equity Interest means, with respect to any Person, any Equity Interest of such Person that is not a Disqualified Equity Interest.

  • Licence Conditions means the licence terms and conditions contained in this document, as amended from time to time in accordance with this agreement.