PGS Group definition
Examples of PGS Group in a sentence
In the event the Spinco Group fails to purchase Services valued at the amount of its prepayment by December 31, 2004, the Company shall be entitled to retain such remaining prepayment amount and the PGS Group shall have no further obligation to provide Services to the Spinco Group.
Such services (the "Services") shall be provided by the PGS Group on Best Terms until the Spinco Group has received Services costing $10,000,000.
Transfers made at the request of the Board shall be governed by the described in section of the School Act.
The Data and Analyses at all times shall remain the property of the PGS Group, subject to the rights of the Spinco Group and the Qualified Transferees hereunder.
Each of PGS and the Company covenants that it shall not, directly or indirectly, until after the expiration of the Survey Termination Date, disclose or provide to any Person other than the Spinco Group, in exchange for any beneficial interest in any oil or gas property (or in any Person whose assets are comprised principally of oil and/or gas properties), Data covering the majority of the Blocks in any survey in the Gulf of Mexico that is marketed by the PGS Group as a single survey.
The PGS Group shall invoice the Spinco Group on a monthly basis for services performed by the PGS Group during the preceding month.
As part of Services, the PGS Group shall develop and deliver such products or services in accordance with such milestones or delivery schedule as the parties may agree.
From time to time as reasonably requested by the Spinco Group, the Company shall provide the Spinco Group with a map or maps showing in reasonable detail all Data surveys of the PGS Group existing or in progress covering a Block or Blocks.