Independent Engineers definition

Independent Engineers means (a) Netherland, Xxxxxx & Associates, Inc., and (b) any other nationally recognized independent petroleum engineering company that is designated by Borrower with the consent of Administrative Agent.
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Independent Engineers means an independent petroleum engineering firm chosen by Borrower and acceptable to Administrative Agent.
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Independent Engineers means a person with relevant expertise as detailed in Schedule 11;
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Examples of Independent Engineers in a sentence

  • Limit of liability not less than $1,000,000 per occurrence Engineer agrees to maintain a standard ISO version Commercial General Liability occurrence form, or its equivalent providing coverage for, but not limited to, Bodily Injury and Property Damage, Premises/Operations, Products/Completed Operations, Independent Engineers.

  • If it is reasonably anticipated or determined by the Independent Engineer(s) during the course of any such tests that such Project Facility or any part thereof does not meet the Specifications and Standards, it shall have the right to suspend or delay such test and require the Concessionaire to remedy and rectify the defects or deficiencies.

  • Upon completion of each such test, the Independent Engineer(s) shall provide copies of all such test data and results thereof to the Concessionaire with copy to the Authority.

  • The Independent Engineer(s) shall, within 28 (twenty eight) days of such notice, require the Concessionaire to carry out or cause to be carried out such necessary checks and tests, as the Independent Engineer(s) may deem appropriate in accordance with the Good Industry Practice and the nature of such Project Facility including its intended use, to determine conformation of the Project Facilities to the Specifications and Standard as per this Agreement.

  • The date and time of each such test shall be determined by the Independent Engineer(s) in consultation with the Concessionaire.


More Definitions of Independent Engineers

Independent Engineers means two (2) engineers selected by Landlord from a pre-approved list. From time to time, but not more than once during any period of twelve (12) consecutive months, Landlord and Tenant may each recommend two or more independent professional engineers, licensed by the State of New York, for inclusion on the pre-approved list. Any such recommendations by Landlord or Tenant shall be subject to the written approval of the other party, which approval shall not be unreasonably withheld.
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Independent Engineers means a person with relevant expertise as detailed in Article 34;
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Independent Engineers means McXxxxxx & Associates Consultants Limited, Haxx Xetroleum Engineering Services, Inc. and/or any other firm of independent petroleum engineers of recognized North American standing retained by the Company to evaluate, audit or review its and its Subsidiaries’ Proved Reserves and Probable Reserves.
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Independent Engineers means the independent petroleum engineering firm that prepared the Initial Engineering Report or another independent petroleum engineering firm chosen by the Borrowers and acceptable to the Lender.
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Independent Engineers means an independent petroleum engineering firm chosen by Borrower and acceptable to Administrative Agent. “Initial Borrowing Base” has the meaning given to such term in Section 2.8.
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Independent Engineers means X. X. Xxxxxxxx & Associates or other independent petroleum reserve engineers acceptable to both Borrower and Agent.
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Independent Engineers means two (2) engineers selected by Landlord and reasonably approved by Xxxxxx. From time to time, but not more than once during any period of twelve (12) consecutive months, Landlord and Tenant may each recommend two or more independent professional engineers, licensed by the State of New York, for inclusion on the list. Any such recommendations by Landlord or Tenant shall be subject to the written approval of the other party, which approval shall not be unreasonably withheld. (e) “Simple Payback Period” shall mean the number of years (expressed in months) obtained by dividing (x) the aggregate costs of any such Energy Efficient Capital Improvement by (y) the anticipated annual savings in utility costs (which shall be the average of the determinations by the two Independent Engineers of such annual savings) includable in Operating Expenses (the “Projected Annual Savings”). By way of example, if the aggregate costs of such Energy Efficient Capital Improvement is $2,000,000 and the Projected Annual Savings are $500,000 per annum, then the Simple Payback Period for such Energy Efficient Capital Improvement is four years (expressed as forty-eight (48) months). The Projected Annual Savings and the Simple Payback Period shall be certified in writing by the Independent Engineers. (ii) Commencing with the first Comparison Year following the EECI Base Year and for each Comparison Year thereafter for the duration of the Simple Payback Period, Landlord may include in Operating Expenses a portion of the aggregate costs of such Energy Efficient Capital Improvement equivalent to eighty percent (80%) of the Projected Annual
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