Selected Material definition

Selected Material is defined in Section 5.01.
View Source
Selected Material means the source or location of the tar sands or other material to be processed using the Extraction Machine, which shall be determined by the Company in its sole discretion.”
View Source

Examples of Selected Material in a sentence

  • The Company makes no representations or warranty with respect to the timing of the first Revenue Participation Payment to be made by the Company hereunder or to the amount of Selected Material that may be processed for the twenty-year term of the Revenue Participation Right if an Extraction Machine is placed into production.

  • The Company shall, in its sole discretion, select the Selected Material.

  • The following earthwork items will be measured on the embankment basis: • Embankment In Place • Stone Embankment • Extra For Selected Material Excavations, including cutbank rounding, overbreak whether avoidable or not, and foundation benching, required or necessary to perform earthwork on the embankment basis, and retrieval or removal of cobbles and boulders according to 00330.42(c-2-a) will not be measured separately.

  • In exchange, the Company agrees to promptly pay and discharge all expenses incurred in the development and operation of Selected Material on the Property pursuant to this Agreement and shall charge the Working Interest Holder its respective proportionate share of such expenses, up to 80% of the proceeds received (the portion of the Purchase Price associated with the Working Interest Right).

  • Each quarter, an amount payable to the Company equal to twenty-five (25%) percent (“Revenue Participation Rate”) of Gross Revenue generated from the Extraction Machine and the Selected Material during such quarter (“Revenue Participation Payment”) shall be assessed and paid to the Company forty- five (45) calendar days after such quarter’s end.

  • In exchange, the Company agrees to promptly pay and discharge all expenses incurred in the development and operation of Selected Material on the Property pursuant to this Agreement and shall charge UTS1 its respective proportionate share of such expenses, up to 80% of the proceeds received (the portion of the Purchase Price associated with the Working Interest Right).