Price Deck definition

Price Deck means the Hydrocarbon price assumptions to be used in the preparation of each Reserve Report, which shall include the weighted average price for each period taking into account the price curve for ICE ▇▇▇▇▇ Futures as of the day of such report for the portion of the Hydrocarbons that has not been hedged as per the Hedging Requirement and effective net hedged price for the volumes that have been hedged as per Hedging Requirement, provided that the calculations and source of such prices shall be reasonably acceptable to the Required Lenders.
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Price Deck means the forward curve for each of oil, natural gas and other Petroleum Substances, as applicable, published by the Independent Engineer from time to time; provided that, with respect to the volume of Petroleum Substances covered by Hedge Arrangements, the hedged price determined for such volume of Petroleum Substances, if greater than the price determined above, shall be the floor price for each unit fixed under the Hedge Arrangements then in effect; provided further that, if such forward curve published by the Independent Engineer shall not be available to the Lender, then such definition hereof shall mean another measurement acceptable to the Lender.
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Examples of Price Deck in a sentence

  • The Administrative Agent hereby agrees to provide, promptly, and in any event within 3 Business Days, following its receipt of a request by the Borrower, an updated Bank Price Deck.

  • The Administrative Agent hereby agrees to provide, promptly, and in any event within three (3) Business Days, following its receipt of a request by the Borrower, an updated Bank Price Deck.

  • The Administrative Agent hereby agrees to provide an updated Bank Price Deck to the Borrower promptly, and in any event within three (3) Business Days, following (i) its receipt of a request by the Borrower or (ii) its request for an Interim Redetermination.

  • The Administrative Agent hereby agrees to provide an updated Bank Price Deck to the Borrower (i) promptly, and in any event within three (3) Business Days, after the Administrative Agent’s request for an Interim Redetermination and (ii) promptly, and in any event within three (3) Business Days, upon any request of the Borrower.

  • The Administrative Agent hereby agrees to provide promptly, and in any event within three Business Days, following its receipt of a written request therefor by the Borrower, an updated Bank Price Deck.

  • The Administrative Agent hereby agrees to provide, promptly following its receipt of a request by the Borrower, an updated Bank Price Deck.

  • Each Reserve Report shall set forth volumes, projections of the future rate of production, Hydrocarbon prices (which for unhedged volumes shall be based upon the Bank Price Deck), net proceeds of production, operating expenses, capital expenditures and PV 10 Value, in each case based upon updated economic assumptions reasonably acceptable to Agent.

  • The Administrative Agent hereby agrees to provide, promptly, and in any event within three (2) Business Days, following its receipt of a request by the Borrower, an updated Bank Price Deck.

  • The Administrative Agent hereby agrees to provide, promptly, and in any event within three Business Days, following its receipt of a request by the Borrower, an updated Bank Price Deck.

  • The Administrative Agent h▇▇▇▇▇ agrees to provide, promptly, and in any event within three (3) Business Days, following its receipt of a request by the Borrower, an updated Bank Price Deck.

Related to Price Deck

  • PRICE DATA The Contractor has furnished a price list for the new period for authorized purchasers. The State agrees to notify all authorized purchasers of the existence of this Contract and to give the specific instructions relative to the procedures to be followed in making purchases under the provisions hereof. Entities making purchases over $50,000 may consider obtaining two competitive quotes from the authorized dealers’ list on this manufacturer’s contract. If this manufacturer does not have a dealers’ list, the manufacturer should be prepared to submit a quote. PAYMENT: Payment for commodities or equipment purchased under the provisions of this Contract shall be made to the Contractor or to the authorized dealer making delivery in accordance with Miss. Code ▇▇▇. §§ 31-7- 301, et seq. (as amended). Such payment is to be made only upon receipt, by the authorized purchaser, of properly certified invoices, which are priced strictly in accordance with the pricing provisions of this Contract.

  • Price Gap means the following:

  • IITK Purchase Order means the IITK’s official Purchase Order document;

  • Limited Resource Price Decrement means, for the 2017/2018 Delivery Year, a difference between the clearing price for Limited Demand Resources and the clearing price for Extended Summer Demand Resources and Annual Resources, representing the cost to procure additional Extended Summer Demand Resources or Annual Resources out of merit order when the Limited Resource Constraint is binding.

  • Price List means any price list(s) issued by SAP for the applicable SAP PartnerEdge Model setting out the available software, services and the prices or fees as further defined in the in the applicable SAP PartnerEdge Model.