Total Horizontal Length definition
Total Horizontal Length means the actual total length, in metres, of the horizontal portion of the Well, as measured between the Heel of the Well and its Toe on the As Drilled Survey. Insofar as there is a conflict between the definitions set out in the Leases and the definitions in this Amending Agreement, the definitions in this Amending Agreement will prevail.
Total Horizontal Length means the actual total length, in metres, of a Royalty Allocation Well, measured within that well between its Heel and Toe, as identified on the As Drilled Survey for that well. Insofar as there is a conflict between the definitions set out in the Royalty Agreement and the definitions in this Royalty Allocation Amending Agreement, the definitions in this Royalty Allocation Amending Agreement shall prevail. (NTD: Use this optional sentence if these terms are defined but not capitalized in the Royalty Agreement, most likely if it is a non-CAPL Farmout & Royalty Procedure / Overriding Royalty Procedure.) In the definitions incorporated from the Royalty Agreement, “party” shall be read as “Party”, and “petroleum substances” shall be read as “Petroleum Substances”.
Examples of Total Horizontal Length in a sentence
Notwithstanding the foregoing portion of this Subclause, the Allocation Ratio for the applicable Royalty Allocation Well shall be adjusted accordingly insofar as any modification contemplated in Paragraph (ii) above affects the Royalty Length or the Total Horizontal Length of that Royalty Allocation Well.
Notwithstanding the preceding sentence, if it is not feasible for the Royalty Payor to determine the production actually attributable to each such separate Horizontal Leg, it shall use as a basis for the calculation the ratio of the Total Horizontal Length of each such Horizontal Leg to the sum of the Total Horizontal Lengths of all of those Horizontal Legs.