Opening Stock definition

Opening Stock means the quantity of crude oil that each Party may carry forward to the succeeding month, recognizing the difficulty in lifting precisely the Available Monthly Scheduling Quantity. This quantity which excludes unpumpable dead stock, should not be such as to cause a production shut-in through reaching maximum stock
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Opening Stock means the quantity of Crude Oil that each Party may carry forward to the succeeding month, recognizing the difficulty - lifting precisely the Available
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Opening Stock refer to stocks at the Receiving Yard and. “Over Supply” refers to additional quantities in terms of clauses 4.8.1(B) and 4.8.1(C).
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Examples of Opening Stock in a sentence

  • The Parent Options and ▇▇▇▇▇ ▇▇▇▇▇▇▇ Options shall not be exercisable during a period beginning on a date prior to the Distribution Date determined by Parent in its sole discretion, and continuing until the Parent Opening Stock Value and the ▇▇▇▇▇ ▇▇▇▇▇▇▇ Common Stock Value are determined immediately after the Distribution, or such longer period as Parent determines necessary to implement the provisions of this Section 5.3.

  • The number of shares of Circuit City Common Stock subject to a Circuit City Stores Option will equal the product obtained by multiplying (a) times (b) where “(a)” equals the number of shares of CarMax Group Common Stock covered by the CarMax Group Option, and “(b)” equals the quotient obtained by dividing the CarMax Opening Stock Value by the Circuit City Closing Stock Value.

  • Prepare the Cost of Sales as normal per the Company's usual policy: Opening Stock, plus Purchases, less Closing Stock.

  • The Operator shall, within twenty-five (25) days following the end of each Month after the commencement of any production prepare and forward to the Non-Operators a report containing at least the following information by category: Opening Stock Production at Wellhead Consumption Re-injection Flared Quantities Liftings Closing Stock.

  • This amount will be confirmed by a monthly stocktake of Reject: (Closing Stock + Scrap Granulated) – Opening Stock = Reject Produced Opening Stock Closing Stock == Amount of Reject on site at previous stocktake Amount of Reject on site at present stocktake Rejected Granulated Log) = Reject that has been granulated.

  • Five (25) days before the commencement of Production from the Contract Area and thereafter not later than twenty-five (25) days before the beginning of each month, each Party shall notify the company of its Primary Nomination of Available Crude Oil which it intend(s) to lift during the ensuing month, which shall not exceed its monthly allocation of Commercial Production Quota plus Opening Stock.

  • The number of shares of CarMax Common Stock subject to a CarMax Option will equal the product obtained by multiplying (a) times (b) where “(a)” equals the number of shares of Circuit City Group Common Stock covered by the Circuit City Group Option, and “(b)” equals the quotient obtained by dividing the Circuit City Closing Stock Value by the CarMax Opening Stock Value.