Total Present Value definition

Total Present Value means, as of any date of determination, the calculation of the present value (discounted at 9% per annum) of the projected future net revenues attributable to the Total Present Value Production. Each calculation of such projected future net revenues shall be made in accordance with the then existing standards of the Society of Petroleum Engineers, provided that in any event (i) appropriate deductions shall be made for severance and ad valorem taxes, and for operating, gathering, transportation and marketing costs required for the production and sale of such reserves (other than those payable to another Loan Party), (ii) appropriate adjustments shall be made for Hedge Contracts permitted by this Agreement as in effect on the date of such determination, (iii) the pricing assumptions used in determining Total Present Value for any particular reserves shall be based upon the Strip Price in effect on the last day of the fiscal month immediately preceding the date of such determination, and (iv) the cash-flows derived from the pricing assumptions set forth in clauses (ii) and (iii) above shall be further adjusted to account for the contracted basis differential in a manner reasonably acceptable to the Administrative Agent; provided, however, that for purposes of this calculation, no more than 30% of the Total Present Value shall be attributable to Oil and Gas Properties described in the most recently delivered Engineering Report that are not categorized as PDP Reserves.
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Total Present Value means an amount, based on the most recent Engineering Report or other applicable information provided by Borrower as of the applicable determination date, equal to the sum of (i) 100% of the PDP NPV plus (ii) 100% of the PDNP NPV plus (iii) 100% of the PUD NPV; provided that, if the amount in clause (i) does not constitute at least 60% of the Total Present Value as so calculated, then the Total Present Value shall be equal to an amount equal to (A) 100% of the PDP NPV divided by (B) .60.
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Total Present Value means, in case of a Financial Offer comprising of Financial Consideration Installments, the current value of an equivalent future payment or series of payments, or both, which is calculated using an annual discount rate of 10%.
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Examples of Total Present Value in a sentence

  • Each determination of Total Present Value shall be made as of the date of the applicable Engineering Report or other applicable information delivered in connection with a Scheduled Redetermination or Interim Redetermination.

  • License Fee $105,000 (20% of List price due upon signing Agreement) Paid at Signing of Letter of Intent and Nonrefundable Total Present Value of License Fee $525,813 Balance of License fee invoiced in 36 monthly installments of $14,600 with the first installment to be due and payable upon execution of Agreement.

  • Such Total Present Value shall thereupon be used for the purposes of Section 6.20(a) until a new Total Present Value is calculated or estimated pursuant to this Section 6.20.

  • Typically, Consultant reviews multiple expansion plans that simulate the different technologies, Total Present Value, Revenue Requirements that include the energy payment for the new resource.

  • In addition, the Total Present Value shall be calculated between Scheduled Redeterminations at the time of any interim or additional redetermination of the Borrowing Base under the First Lien Credit Agreement (each such interim or additional calculation, an “Interim Redetermination”) in accordance with this Section 6.20.

  • Payment Schedule A.License Fee $130,000 Due upon signing Agreement, non refundable Total Present Value of License Fee $525,813 Balance of License fee invoiced in 36 monthly installments of $14,600 with the first installment to be due and payable upon execution of Agreement.

  • Such estimated Total Present Value shall thereupon be used for the purposes of Section 6.23(a) until a new Total Present Value is calculated or estimated pursuant to this Agreement.

  • The sum of these present value amounts equals the Total Present Value of a prepayment in full.

  • If the prepayment is a partial prepayment, the Total Present Value equals the sum of these present value amounts multiplied by a fraction, the numerator of which is the principal amount to be prepaid and the denominator of which is the principal balance of the Loan as of the date of prepayment.

  • In addition, the Total Present Value shall be calculated between Scheduled Redeterminations at the time of any interim or additional redetermination of the Borrowing Base under the Senior Credit Agreement (each such interim or additional calculation, an “Interim Redetermination”) in accordance with this Section 6.20.