Production Purchase definition

Production Purchase or “Income” Program means any program whose investment objective is to directly acquire, hold, operate, and/or dispose of producing oil and gas properties. Such a program may acquire any type of ownership interest in a producing property, including, but not limited to, working interests, royalties, or production payments. A program which spends at least 90% of capital contributions and funds borrowed (excluding offering and organizational expenses) in the above described activities is presumed to be a production purchase or income program.
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Production Purchase has the meaning set out in Clause 5.5(a).
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Examples of Production Purchase in a sentence

  • Details of Items for Buy-Back Scheme – Make/ Model, Specs, Year of Production/ Purchase, Period of Warranty/AMC etc.

  • Details for buy-back offer are as under - i) Details of Items for Buy-Back Scheme - Make/Model, Specs, Year of Production/ Purchase, Period of Warranty/AMC etc.ii) Place for Inspection of Old Items - Address, Telephone, Fax, e-mail, Contact personnel, etc.

  • Any surplus funds shall be used to reduce the cost of the service to students or to purchase cafeteria equipment.

  • Buyer, at its expense, has the right to audit and review all relevant books, records, income statements, balance sheets, cash flow statements, payroll data, receipts and other related supporting data, including Seller’s administrative and accounting policies, guidelines, practices and procedures, in order to (i) substantiate any charges and other matters under this Contract and (ii) assess Seller’s ongoing ability to perform its obligations under the Production Purchase Order.

  • Details for buy-back offer are as under -i) Details of Items for Buy-Back Scheme - Make/Model, Specs, Year of Production/ Purchase, Period of Warranty/AMC etc.ii) Place for Inspection of Old Items - Address, Telephone, Fax, e-mail, Contact personnel, etc.

  • On a Production Purchase Order, the quantity is typically specified as a percentage of the Buyer's requirements for the Goods.

  • Cogeneration and Small Power Production Purchase and Sale Requirements.

  • Production tooling should be completed well in advance of the target PPAP submission date in order to provide the supplier with sufficient time to complete the Process Control Plan (see Section 9.8) and attain full PPAP approval (see Section 9.13) prior to shipping to NAL under a Production Purchase Order (see Section 9.14).

  • If the program acquires property pursuant to a farmout or joint venture from an affiliated program, the sponsor's and/or its affiliates aggregate compensation associated with the property and any direct and indirect ownership interest in the property may not exceed the lower of the compensation and ownership interest the sponsor and/or its affiliates could receive if the property were separately owned or retained by either one of the programs.2. Sales to Production Purchase or Income Programs.

  • Gandhi looks after Production, Purchase, Works, QC, R & D of Processed Food Division.

Related to Production Purchase

  • Micro-purchase means a purchase of supplies or services, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchases comprise a subset of a district's small purchases as defined in 2 C.F.R. 200.320.

  • Contract Purchase Price means the amount actually paid or allocated in respect of the purchase, development, construction or improvement of a Property or the amount of funds advanced with respect to a Mortgage, or the amount actually paid or allocated in respect of the purchase of other Assets, in each case exclusive of Acquisition Fees and Acquisition Expenses, but in each case including any indebtedness assumed or incurred in respect of such Property.

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Dynamic Purchasing System means a completely electronic process for making commonly used purchases of items generally available on the market;

  • Receivables Purchase Price The amount described in Section 2.02 of the Pooling Agreement.

  • Loan Purchase Price With respect to any Home Equity Loan purchased from the Trust on or prior to a Monthly Remittance Date pursuant to Section 3.04, 3.06(b) or 8.10(b) hereof, an amount equal to the outstanding principal balance of such Home Equity Loan as of the date of purchase (assuming that the Monthly Remittance Amount remitted by the Servicer on such Monthly Remittance Date has already been remitted), plus all accrued and unpaid interest on such Home Equity Loan at the Coupon Rate to but not including the date of such purchase together with (without duplication) the aggregate amounts of (i) all unreimbursed Delinquency Advances and Servicing Advances theretofore made with respect to such Home Equity Loan, (ii) all Delinquency Advances which the Servicer has theretofore failed to remit with respect to such Home Equity Loan, (iii) all reimbursed Delinquency Advances and Servicing Advances to the extent that reimbursement is not made from the Mortgagor and (iv) any costs and damages incurred by the Trust in connection with any violation by the Home Equity Loan of any predatory or abusive lending law.

  • Net Purchase Price has the meaning set forth in Section 2.1.

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Wholesale distribution means distribution of prescription drugs to persons other than consumers or

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

  • Per Unit Purchase Price equals $2.125, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

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

  • Stock Purchase Price has the meaning set forth in Section 2 of the Subscription Agreement.

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Network Supply Point or "NSP" means any Point of Connection between:

  • Micro-purchase threshold means the dollar amount at or below which a district may purchase property or services using micro-pur- chase procedures. Generally, the micro-purchase threshold for pro- curement activities administered under federal awards is not to ex- ceed the amount set by the Federal Acquisition Regulations (FAR) at 48 C.F.R. Part 2, Subpart 2.1 [see below], unless a higher threshold is requested by the district and approved by the cogni- zant agency for indirect costs.

  • VWAP Purchase Amount means, with respect to any particular VWAP Purchase Notice, the portion of the Available Amount to be purchased by the Buyer pursuant to Section 1(c) hereof pursuant to a valid VWAP Purchase Notice which requires the Buyer to buy the VWAP Purchase Share Percentage of the aggregate shares traded on the Principal Market during normal trading hours on the VWAP Purchase Date up to the VWAP Purchase Share Volume Maximum, subject to the VWAP Minimum Price Threshold.

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • Purchase means taking by sale, lease, discount, negotiation, mortgage, pledge, lien, security interest, issue or reissue, gift, or any other voluntary transaction creating an interest in property.

  • Failed Remarketing Condition—Purchased VRDP Shares means that the Liquidity Provider acquires and continues to be the beneficial owner for federal income tax purposes of any shares of a Series of VRDP Shares in connection with purchases made pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) on any Purchase Date, including shares of a Series of VRDP Shares that the Liquidity Provider continues to be the beneficial owner of for federal income tax purposes after the expiration or termination of the VRDP Shares Purchase Agreement.

  • Purchasing Portfolio has the meaning specified in Section 2.10;

  • Asset Purchase has the meaning set forth in the Recitals.