New Fields definition

New Fields shall have the meaning set forth in Section 2.1(d).
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New Fields means all hydrocarbon fields in which the Borrower (or any of its Subsidiaries) acquires, after the date hereof, a beneficial interest and over which it receives, after the date hereof, a valid and enforceable authorisation for the purpose of exploration or production of hydrocarbons and in relation to which a Licence, a Lease, Mining Works Permit or any other title of ownership exist after the date hereof.
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Examples of New Fields in a sentence

  • The Borrower shall apply all amounts borrowed by it under the Facility towards (i) the financing of the acquisition and development of the New Fields, (ii) the financing of the development of the Existing Fields, (iii) general corporate purposes (including payment of fees and expenses incurred under this Agreement) and/or (iv) the development by the Group of hydrocarbon fields in Turkey.

  • If the Parties fail to agree, and are not otherwise deemed to have agreed, on the pricing and/or delivery location for Delivery Amounts produced from the New Fields on or before the 30th calendar day following the acquisition or development of such fields or leases by ERG, then the Parties shall refer the determination of such pricing and delivery location to arbitration pursuant to Section 10.1, and upon such determination, such pricing and/or delivery location shall thenceforth apply to the New Fields.

  • Upon obtaining any rights in a New Field, each Obligor shall promptly inform the Agent an deliver to it any information relating to the New Fields reasonably requested by the Agent.

Related to New Fields

  • Licensed Field means all fields of use.

  • Licensed Fields of Use means the fields of use identified in Appendix B.

  • Licensed Field of Use means all fields.

  • Light field means that area of the intersection of the light beam from the beam-limiting device and one of the set of planes parallel to and including the plane of the image receptor, whose perimeter is the locus of points at which the illumination is one-fourth of the maximum in the intersection.

  • X-ray field means that area of the intersection of the useful beam and any one of the set of planes parallel to and including the plane of the image receptor, whose perimeter is the locus of points at which the exposure rate is one-fourth of the maximum in the intersection.