Projected Volume definition

Projected Volume means the forecasted production of oil and natural gas reserves of the Borrower and its Restricted Subsidiaries, as determined as of the last day of each fiscal quarter, by the Borrower based on the Borrower’s internal engineering reports.

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Projected Volume means, at any time, the Borrower’s reasonably anticipated projected future production from Oil and Gas Properties of the Borrower and the other Credit Parties.

Examples of Projected Volume in a sentence

With respect to each holder of Projected Volume Shares, if such holder's Actual Transactions exceeds its Projected Transactions, then the Projected Volume Shares held by such holder shall not be subject to the purchase option contemplated by this paragraph.
In connection therewith, the Company shall cause HCC to prepare and deliver to each such HCC stockholder at the Closing a written confirmation of, and each such HCC stockholder shall deliver to the Company at the Closing a written acceptance of, the number of commissionable reservation transactions that such holder projects it will process through HCC from January 1, 1996 through December 31, 1996 ("Projected Volume Confirmation").
If the Actual Transactions by any holder of Projected Volume Shares are less than its Projected Transactions, then the Company may, at its option, purchase, at a purchase price of $1.00 per share, the percentage of such holder's Projected Volume Shares (rounded to the nearest whole share) equal to the corresponding percentage by which such holder's Actual Transactions were less than its Projected Transactions.
On or prior to the date that is sixty (60) days following the Effective Date, the Borrower and each Restricted Subsidiary shall enter into and maintain Swap Agreements with one or more Approved Counterparties the notional volumes for which are not less than fifty percent (50%) of the Projected Volume of such Person’s total Proved Developed Producing Reserves for a period beginning on the date that is sixty (60) days following the Effective Date and ending on the first anniversary of the Effective Date.
For example, if stockholder X's Actual Transactions for 1996 were 97.5% of its Projected Transactions, then 2.5% of stockholder X's Projected Volume Shares would be subject to purchase in accordance with the Stockholders Agreement.

More Definitions of Projected Volume

Projected Volume means, at any time, the Borrower’s reasonably anticipated projected future production from Oil and Gas Properties of the Borrower and the other Loan Parties.

Projected Volume means the reasonably anticipated production of crude oil, natural gas and natural gas liquids, calculated separately, as such production is projected from the Borrower’s and its Subsidiaries’ Oil and Gas Properties constituting Proved Reserves, as set forth in the Pre-Petition Reserve Report and thereafter in the most recent Reserve Report delivered pursuant to the terms of this Agreement.

Projected Volume means the forecasted production of oil and natural gas reserves of the Borrower and its

Projected Volume means, at any timeas of September 30, 2019 and December 31, 2019, the Borrower’s reasonably anticipated projected future production from Oil and Gas Properties of the Borrower and the other Credit Parties for the period beginning September 30, 2019 and ending March 31, 2020.

Projected Volume has the meaning set forth in Section 5.2.

Projected Volume means, for each quarter, the amount of volume (in STM-1's) set forth opposite the correlative date indicated on the Bank Model Table.

Projected Volume means, at any time, the Borrower’s reasonably anticipated projected future production from Oil and Gas Properties of the Borrower and the other Credit Parties; provided, that, for the purposes of each instance under this Agreement where Projected Volume is to be calculated for any month that is more than 84 months following the date of determination, Projected Volume for each such month shall be the lesser of (a) the average Projected Volume for each month during the period beginning with the 73rd month following the date of determination through and including the 84th month following the date of determination and (b) the reasonably anticipated projected future production from Oil and Gas Properties of the Borrower and the other Credit Parties for such month.