Placid assets definition

Placid assets means the interests of Athabasca in approximately 69,000 net acres of land located primarily in northwestern Alberta (see map), as at December 31, 2019 as more particularly described under “Description of Our Business – Light Oil Division".
Sample 1
Placid assets means the interests of Athabasca in approximately 64,000 net acres of land located primarily in northwestern Alberta (see map at "Description of Our Business – Our Development Strategy for Our Principal Properties”) as at December 31, 2021, as more particularly described under "Description of Our Business – Light Oil Division".
Sample 1
Placid assets means the interests of Athabasca in approximately 61,000 net acres of land located primarily in northwestern Alberta. These assets were sold in July of 2023 see under "Developments in 2023".
Sample 1

Examples of Placid assets in a sentence

  • The joint venture resulted in Athabasca holding an operated 70% working interest in its Greater Placid assets and a non-operated 30% working interest in its Greater Kaybob assets.

Related to Placid assets

  • Liquid Assets mean Borrower's cash on hand plus Borrower's readily marketable securities.

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Fixed Assets means the Equipment and Real Estate of the Borrower.

  • Undepreciated Real Estate Assets as of any date means the cost (original cost plus capital improvements) of real estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization, determined on a consolidated basis in accordance with GAAP.

  • Retained Assets has the meaning set forth in Section 2.2.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • surplus assets means the assets after payment of the debts and liabilities remaining on a winding-up of the incorporated association and the costs, charges and expenses of the winding-up;

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Consolidated Assets means all assets which should be listed on the consolidated balance sheet of the Borrower and its Subsidiaries, as determined on a consolidated basis in accordance with GAAP.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Net Tangible Assets means the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the Company’s balance sheet, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the Company’s current liabilities appearing on such balance sheet. For purposes of this definition, the Company's balance sheet does not include assets and liabilities of its subsidiaries.

  • Stored value means monetary value that is evidenced by an electronic record.