Petrotrin definition

Petrotrin means Petroleum Company of Trinidad and Tobago Limited;
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Petrotrin means Trinidad and Tobago’s National Oil Company.
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Petrotrin means the Petroleum Company of Trinidad and Tobago.
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Examples of Petrotrin in a sentence

  • The Parties agree that Canadian Superior shall be Operator and shall represent CNE under the Farmout Agreement until CNE is formally recognized by Petrotrin.

  • Thereafter and subject to the agreement of Petrotrin, Client shall enter into a lease with Petrotrin for the POINT ▇▇▇▇▇▇ Site, on or by 1st June 2010, for a minimum period of Four (4) years automatically renewable annually for at least Two (2) additional years in the event of an extension of this Agreement, on such terms and conditions that are acceptable to all the Parties, including but not limited to any restrictions on operations with respect to hazardous area designation.

  • In addition, in the event Petrotrin elects to convert its participating interest to an Overriding Royalty in accordance with Article 7 of the Farmout Agreement, the Parties hereto in proportion to each other’s Joint Interests shall be each entitled to all rights and benefits of such conversion along with being each responsible for all obligations pertaining to such conversion.

  • The Parties hereto in proportion to each other’s Joint Interests agree to be each responsible for the payment to Petrotrin of the Overriding Royalty described in the Farmout Agreement.

  • On 1 November 2012, during this 120-day period, ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, the claimant’s managing director attended a meeting at Petrotrin to discuss the off-take and supply of natural gas agreements.

  • Petrotrin’s evidence is that these visitors were at the Petrotrin refinery on other business and made an enquiry about the GTL plant.

  • Throughout most (but not all of the correspondence) that I will examine, the debenture is either said to be vested in Petrotrin as sole debenture holder or in Petrotrin and Petrotrin EAP Services Limited as joint debenture holders.

  • The receiver’s reply appears to have been a bromide: “We are not aware of the purpose of that visit as this was arranged by Petrotrin and a request was made of us to facilitate the visit.

  • The economy with which Petrotrin described the identity of the December 2012 visitors was said by ▇▇.

  • As collateral agent under the credit agreement Petrotrin is the sole debenture holder.


More Definitions of Petrotrin

Petrotrin means Trinidad and Tobago's National Oil Company.
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Related to Petrotrin

  • BG means Bank Guarantee

  • Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.

  • Basin means a groundwater basin or subbasin identified and defined in Bulletin 118 or as modified pursuant to Chapter 3 (commencing with Section 10722).

  • SWDocID [[6027980]]" "" [[6027980]] certificates actually delivered to it representing securities pledged under the Collateral Agreement or to file UCC continuation statements, (B) such loss is covered by a lender’s title insurance policy and the Administrative Agent shall be reasonably satisfied with the credit of such insurer or (C) any such loss of validity, perfection or priority is the result of any failure by the Administrative Agent to take any action necessary to secure the validity, perfection or priority of the liens, or (iii) the Guarantees pursuant to the Security Documents by any of the Loan Parties of any of the Secured Obligations shall cease to be in full force and effect (other than in accordance with the terms thereof), or shall be asserted in writing by any of the Loan Parties not to be in effect or not to be legal, valid and binding obligations; then, and in every such event (other than an event with respect to the Borrower described in paragraph (h) or (i) above), and at any time thereafter during the continuance of such event, the Administrative Agent, at the request of the Required Lenders, shall, by notice to the Borrower, take any or all of the following actions, at the same or different times: (i) terminate forthwith the Commitments, (ii) declare the Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and any unpaid accrued Fees and all other Secured Obligations of the Borrower accrued hereunder and under any other Loan Document, shall become forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding and (iii) demand cash collateral pursuant to Section 2.05(j); and in any event with respect to the Borrower described in paragraph (h) or (i) above, the Commitments shall automatically terminate, the principal of the Loans then outstanding, together with accrued interest thereon and any unpaid accrued Fees and all other Secured Obligations of the Borrower accrued hereunder and under any other Loan Document, shall automatically become due and payable and the Administrative Agent shall be deemed to have made a demand for cash collateral to the full extent permitted under Section 2.05(j), without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may, and at the request of the Required Lenders shall, exercise any rights and remedies provided to the Administrative Agent under the Loan Documents or at law or equity, including all remedies provided under the UCC.

  • Pioneer or the "Company" means Pioneer Natural Resources Company and its subsidiaries.