Share of Production definition

Share of Production shall include all production attributable to each Well after deducting applicable royalties, overriding royalties, and other similar burdens that burdened the Assignment (excepting any such burdens created by Participant). Costs and Project Payout shall be determined on an aggregate, project basis.
Share of Production means, at any time, the sum of (i) the aggregate production attributable to Investor’s direct interest in any Field assigned to Investor under Section 4.4 plus (ii) the aggregate production allocable to Investor’s IPI Percentage in any Field owned by InterOil in which Investor has an indirect interest under this Agreement. Investor’s Share of Production will include production attributable to an Investor’s direct or indirect interest in a Field in which Investor has exercised non-consent rights under this Agreement or an applicable JVOA as if such non-consent rights had not been exercised. Investor shall pay to InterOil an incentive discovery fee of US $0.20 per BOE of Investor’s Share of Production produced and sold in excess of the product of (i) 50 million BOE multiplied by (ii) Investor’s IPI Percentage. Such fee shall be payable at the end of each calendar quarter. Such fee may be deducted by InterOil from Quarterly Distributions payable under Section 2.4 and any JVOA entered into under Section 4.4 shall provide for the deduction of such fee.

Examples of Share of Production in a sentence

  • No data for these operations are included in the Share of Production table.

  • Table A-3.Trade-Affected Share of Production for Affected Commodities Commodity Source: USDA, “Cost Benefit Analysis—Market Facilitation Program,” July 24, 2018.Notes: NA = Not available.

  • Table A-3.Trade-Affected Share of Production for Affected Commodities Commodity Source: USDA, “Cost Benefit Analysis—Market Facilitation Program,” July 24, 2018.Notes: Data for the year 2017 is most current data available at time of publication of source.

  • As Water Availability Decreases, Each Stakeholder is Encouraged to Maximize Their Own Share of Production before It’s Too Late.

  • CCC and FCIC Outlays as Share of Production Value by Commodity Source: CRS calculations for crop years 2014-2016 using CCC program data from FSA, CBO’s June 29, 2017, baseline of farm programs, and crop insurance data from RMA as of April 24, 2017.Notes: Average annual value of total production for program crops, excluding dairy, was $115.7 billion.

  • Huffman, W.E. "Labor Markets, Human Capital, and the Human Agent's Share of Production," in John Antle and Daniel Sumner, eds., The Economics of Agriculture: Papers in Honor of D.

  • Export Share of Production at https://www.ers.usda.gov/topics/international-markets-trade/us- agricultural-trade/export-share-of-production/.

  • The Grantor shall use all commercially reasonable efforts to obtain the payment of Production Revenues and Other Revenues, excluding Production Revenues from the Royalty Share of Production that the Royalty Owner took in kind.

  • No data for this operation are included in the Share of Production table.

  • The Royalty shall not apply to any of the Grantor’s Share of Production that is lost, consumed or used otherwise in respect of any operations of any nature whatsoever.

Related to Share of Production

  • complex product means a product which is composed of multiple components which can be replaced permitting disassembly and re-assembly of the product.

  • plant products means products of plant origin, unprocessed or having undergone simple preparation in so far as these are not plants, set out in Annex IV-A, Part 3 to this Agreement;

  • Postproduction means an activity related to the finishing or duplication of a medium described in Subsection 59-12-104(54)(a).

  • Hemp product means the same as that term is defined in § 3.2-4112.

  • processed products means goods placed under a processing procedure which have undergone processing operations;

  • Power production activities means any business operation that involves a project commissioned by the government of Iran whose purpose is to facilitate power generation and delivery, including, but not limited to, establishing power-generating plants or hydroelectric dams, selling or installing components for the project, providing service contracts related to the installation or maintenance of the project, as well as facilitating such activities, including by providing supplies or services in support of such activities.

  • Cannabis product means cannabis that has undergone a process whereby the plant material has been transformed into a concentrate, including, but not limited to, concentrated cannabis, or an edible or topical product containing cannabis or concentrated cannabis and other ingredients.

  • Licensed Product means a product, method or service in the Licensed Field of Use, the making, having made, using, importing or selling of which, absent this license, infringes, induces infringement, or contributes to infringement of a Licensed Patent.

  • Refined Products means gasoline, diesel fuel, jet fuel, asphalt and asphalt products, and other refined products of crude oil.

  • Hemp products means all products made from industrial hemp,

  • Commercialization or “Commercialize” means activities directed to marketing, promoting, research and development as required, manufacturing for sale, offering for sale, distributing, importing or selling a product, including sub-licensing or sub-contracting of these activities.

  • Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • Cannabis products means cannabis that has undergone a process whereby the plant material has been transformed into a concentrate, including, but not limited to, concentrated cannabis, or an edible or topical product containing cannabis or concentrated cannabis and other ingredients.

  • Licensed Services means all functions performed by the Licensed System.

  • Marihuana-infused product means a topical formulation, tincture, beverage, edible substance, or similar product containing marihuana and other ingredients and that is intended for human consumption.

  • Production means a method of obtaining goods including manufacturing, assembling, processing, raising, growing, breeding, mining, extracting, harvesting, fishing, trapping, gathering, collecting, hunting and capturing.

  • Collaboration Product means a pharmaceutical product containing or comprising Compound in any dosage form alone, or in combination with, one or more other pharmaceutically active ingredients, and any and all Improvements thereto.

  • Finished Product means a cannabis product in its final form to be sold at a retail premises.

  • Licensed System means, collectively:

  • Production Area means that part of the animal feeding operation that includes the animal confinement area, the manure storage area, the raw materials storage area, and the waste containment areas. The animal confinement area includes, but is not limited to, open lots, housed lots, feedlots, confinement houses, stall barns, free stall barns, milkrooms, milking centers, egg washing or egg processing areas, areas used for the storage and disposal/treatment of mortalities, cowyards, barnyards, medication pens, walkers, animal walkways, and stables. The manure storage area includes, but is not limited to, lagoons, runoff ponds, storage sheds, stockpiles, under-house or pit storages, liquid impoundments, static piles, and composting piles. The raw materials storage area includes, but is not limited to, feed silos, and silage bunkers. The waste containment area includes, but is not limited to, settling basins and areas within berms and diversions which separate uncontaminated stormwater.

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);

  • Licensed producer means a person or entity licensed to produce medical cannabis.

  • Manufacturing operation means a process in which materials are changed, converted, or transformed into a different state or form from which they previously existed and includes refining materials, assembling parts, and preparing raw materials and parts by mixing, measuring, blending, or otherwise committing such materials or parts to the manufacturing process. "Manufacturing operation" does not include packaging.

  • Drug Product means a specific drug in dosage form from a known source of manufacture, whether

  • Product means any deliverable under the Contract, which may include commodities, services, technology or software.

  • Manufacturing means all activities related to the manufacture of a Compound, including planning, purchasing, manufacture, processing, compounding, storage, filling, packaging, waste disposal, labeling, leafleting, testing, quality assurance, sample retention, stability testing, release, dispatch and supply, as applicable.