Proposed Undertaking definition

Proposed Undertaking has the meaning set forth in Section 4.3.
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Proposed Undertaking means any financing for the purpose of exploring, developing and producing Hydrocarbons from the portion of the Subject Interests not covered by the Drilling Program.
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Examples of Proposed Undertaking in a sentence

  • Lender shall have no obligation to fund any Proposed Undertaking and may choose to fund (or not to fund) any Proposed Undertaking without limiting its Additional Development Program Option with respect to any future Proposed Undertakings.

  • Each of the Parties does hereby acknowledge and agree that neither Party shall be obligated in any manner whatsoever to enter into any relationship or transaction of any kind whatsoever, including, without limitation, any joint venture, partnership, gas purchase or sale transaction, or other agreement, or the negotiation therefor, as a result of this agreement, the Proposed Undertaking, or any of the matters herein contemplated.

  • Absent the express written consent of the Disclosing Party, Confidential Information disclosed hereunder may be utilized by the Receiving Party only for the purpose of evaluating possible transactions in connection with and negotiating the possible terms of agreements relating to the Proposed Undertaking and for no other purpose.

  • The Parties wish to discuss information related to InterGen’s 1100 MW Deweyville Power Plant located in ______________ County, Texas and to the development of business proposals and pipeline interconnections involving InterGen’s 1100 MW Deweyville Power Plant located in ______________ County, Texas (the "Proposed Undertaking").

  • In the event that any Person agrees to fund such Proposed Undertaking, then Lender shall have the preferential right and option to match such Person's offer with respect to the Proposed Undertaking under the same terms and conditions proposed by such other Person.

  • Lender's option to provide funding for the Proposed Undertaking (the "Additional Development Program Option") shall be subject to the same terms and conditions (specifically the "Cash Flow from Override") covered by the ▇▇▇▇▇ drilled in connection with the Initial Drilling Program.

  • Lender shall then have a period of no less than 30 days after the delivery of such notice and all such information in order to determine whether Lender shall participate in such Proposed Undertaking and the degree of such participation.

  • The Parties wish to discuss information related to InterGen’s 1100 MW Deweyville Power Plant located in ▇▇▇▇▇▇ County, Texas and to the development of business proposals and pipeline interconnections involving InterGen’s 1100 MW Deweyville Power Plant located in ▇▇▇▇▇▇ County, Texas (the "Proposed Undertaking").

  • At the end of such period, Lender shall inform Borrower whether it will participate in such Proposed Undertaking.

  • Within ten (10) Business Days of Lender's receipt of such Person's offer with respect to the Proposed Undertaking, the terms and conditions proposed by such Person and all material information relating to such offer and proposal, Lender must advise Borrower whether Lender wishes to match such Person's offer with respect to the Proposed Undertaking.