Examples of Specified Proportion in a sentence
If TPDC elects to participate, then it will be entitled to a rateable proportion of the Cost Gas and their profit share percentage increases by the Specified Proportion for that development program.
Payment shall be received not later than 16:00 hours on the 28th day following the day on which such Penalty Charge was incurred or the 14th day following the day on which the Charge was incurred if the Specified Proportion is paid.
If TPDC elects to participate, then it will be entitled to a rateable proportion of the Cost Gas and their profit share percentage increases by the Specified Proportion for that development program.TPDC has indicated that they wish to exercise their right to ‘back in’ to the field development.
If TPDC elects to participate, then it will be entitled to a rateable proportion of the Cost Gas and their profit share percentage increases by the Specified Proportion for that development program.TPDC has indicated that they wish to exercise their right to ‘back in’ to the field development by contribut- ing 20% of the cost of SS-10 and the cost of future new wells in return for a 20% increase in the profit share percentage for the production emanating from these wells.
The Borrower shall apply in writing to the Lender indicating what Specified Proportion the Borrower would like to redeem.