PUD Properties definition

PUD Properties shall both mean all oil and gas interests associated with the Producing Strata on the leases described on Exhibit A relating to locations with a high degree of certainty for an economic reserve outcome.
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PUD Properties means the properties identified as APN Nos. ▇▇▇-▇▇▇-▇▇▇, 048-300- 310, ▇▇▇-▇▇▇-▇▇▇, ▇▇▇-▇▇▇-▇▇▇ and ▇▇▇-▇▇▇-▇▇▇.
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PUD Properties means all Oil and Gas Properties associated with the Producing Strata on the leases described on Schedule 2.09(c)(2) together with all subsurface and surface equipment which may be installed thereon and which may be necessary to produce oil and or gas from a well for delivery into a gathering or flowline at the well site, including any well, wellhead equipment, well-meter, pumping unit and tank batteries present at a well site; and upon transfer of the ▇▇▇▇▇ PUD Properties by NRC to TEC shall include the ▇▇▇▇▇ PUD Properties unless otherwise provided for herein.
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Examples of PUD Properties in a sentence

  • The Administrative Agent shall release its lien against a 60% interest in the A▇▇▇▇ PUD Properties and shall release NRC from its Guaranty Agreement upon the occurrence of all of the following: (i) receipt of consent from A▇▇▇▇ Land and Mineral, Ltd.

  • The terms "A▇▇▇▇ ▇▇ Properties" and "A▇▇▇▇ PUD Properties" as used in the preceding sentence have the same meanings as provided in the Original Second Amendment to Credit Agreement.

  • Borrower further acknowledges and agrees that in calculating the Borrowing Base, the combined value of the A▇▇▇▇ ▇▇ Properties and the A▇▇▇▇ PUD Properties shall not exceed the maximum liability of NRC with respect to the principal amount of the Notes guaranteed by NRC as provided in the Guaranty Agreement of NRC as amended from time to time.

  • The Administrative Agent shall release its lien against a 60% interest in the ▇▇▇▇▇ PUD Properties and shall release NRC from its Guaranty Agreement upon the occurrence of all of the following: (i) receipt of consent from ▇▇▇▇▇ Land and Mineral, Ltd.


More Definitions of PUD Properties

PUD Properties means the properties identified as APN Nos. 048-300-280, 048-300- 310, 048-300-330, 047-340-120 and 047-340-180.
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