PBU definition

PBU means the Prudhoe Bay Unit.

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PBU means the Programming and Budgeting Unit within DOSFEA;

PBU reserves the right, to modify or update this agreement from time to time as it deems fit which modifications or updates shall automatically be binding on you upon publication at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇.▇▇ OR any PBU digital channel.

Examples of PBU in a sentence

• For State RIK Gas produced prior to Project Start-up of a Major Gas Sale, the State will not be responsible for Field Costs for State RIK Gas that is delivered to the State at the PTU Delivery Point, regardless of whether the State RIK Gas is injected into the PBU reservoir.

• If delivery from the PBU reservoir is constrained at PBU delivery point(s), gas availability will be allocated 75% to PBU gas and 25% to Point Thomson gas.

• Within ten (10) Days of the original payment due date of the disputed amount, the Party disputing the amount shall provide the other Party details of its dispute and any supporting documentation available.

• If the State elects to receive a payment for its share of State RIK Gas that was injected into the PBU reservoir prior to Project Start-up of a Major Gas Sale, payment will be calculated based on the royalty in value basis for Point Thomson gas under the applicable leases, at the time the gas is withdrawn from the PBU reservoir.

• If costs for the Point Thomson Gas Development / Prudhoe Bay Enhanced Recovery Project, including the PTU / PBU Gas Pipeline, were not entitled to or did not receive deductions and credits under AS 43.55, with substantially the same credits/benefits as exists under AS 43.55 on the Effective Date, then the State will be responsible for Transportation Costs and Fuel / Losses associated with the delivery of State RIK Gas to the State at the PBU Delivery Point.

• The allocation to Point Thomson gas will remain fixed even if other gas is injected into the PBU reservoir from another reservoir.

• The manner in which Transportation Costs, Fuel / Losses and Field Costs are addressed depends on whether the PTU / PBU Gas Pipeline is a Regulated PTU / PBU Gas Pipeline or an Unregulated PTU / PBU Gas Pipeline at the time the State RIK Gas is produced and delivered into the PTU / PBU Gas Pipeline, recognizing that the status of the PTU / PBU Gas Pipeline may change.

• Whether the State receives gas or a payment for its share of State RIK Gas produced from the PBU reservoir, there will be no deduction for Field Costs, but the deductions for Transportation Costs and Fuel / Losses, as set forth in Paragraph 4.16.2.3, will apply.

• If State RIK Gas is not injected into the PBU reservoir, payment of Transportation Costs and deductions for Fuel / Losses will be due at the time of delivery of State RIK Gas to the State at the PBU Delivery Point.

• The State will pay Transportation Costs and be responsible for Fuel / Losses for State RIK Gas that is delivered to the State at the PTU Delivery Point pursuant to the terms of the approved transportation tariff for the PTU / PBU Gas Pipeline.

More Definitions of PBU

PBU means the Prudhoe Bay Unit, as defined in the Conveyance. "Person" means any individual, corporation, partnership, trust,

PBU means the Prudhoe Bay Unit, as defined in the Conveyance. "Person" means any individual, corporation, partnership, trust, estate or other entity, organization or association. "Royalty Interests" means the Initial Royalty Interest and any Additional Royalty Interests (in each case as defined in the Royalty Trust Agreement) conveyed to the Trust pursuant to the Initial Conveyance or any Additional Conveyance (in each case as defined in the Royalty Trust Agreement.)