IPI Agreement definition

IPI Agreement means the Amended and Restated Indirect Participation Agreement dated February 25, 2005, as amended.
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IPI Agreement means any of (a) the indirect participating interest agreement between us and PNGEI originally executed April 3, 2003 and amended April 12, 2003 and further amended (and restated) May 12, 2004 and was terminated in 2013; (b) the indirect participating interest agreement between us and PNGDV of July 21, 2003 and amended (and restated) on May 1, 2006; and (c) indirect participating agreement of February 25, 2005 between us and the investors and amended December 15, 2005 and further amended June 15, 2012.
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IPI Agreement means the Amended and Restated Indirect Participation Interests Agreement dated 25 February 2005, as subsequently amended by an Amendment Agreement No.1 to Amended and Restated Indirect Participation Interests Agreement dated as of 15 December 2005, and as further amended by Amendment No. 2 to Amended and Restated Indirect Participation Interests Agreement dated as of 15 June 2012.
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Examples of IPI Agreement in a sentence

  • InterOil has made cash calls for the completion, appraisal and development programs performed on the exploration or development wells that form part of the IPI Agreement.

  • Under the earlier model, all costs relating to the eight well exploration program (covered by the IPI Agreement) was directly offset against the IPI liability and not capitalized to ‘Oil and gas properties’ or expensed in InterOil’s Statement of income.

  • Management would like to emphasize that the changes to the accounting treatment resulting from the adoption of the revised model for the recording of the IPI Agreement will not affect the cash position of the company.

  • During December 2009, the Company bought a further combined 0.5% interest in the IPI Agreement from two investors for $6,500,546 which was settled in two tranches of InterOil common shares.

  • Under the IPI Agreement, when an investor is registered on a PRL, they forfeit their right to convert their IPI percentage into common shares.

  • Under the IPI Agreement terms, the funds paid towards IPI would be used for exploration program involving maximum of 16 wells.

  • As a result, the full amount of the costs relating to the IPI Agreement will be netted off against the liability.

  • In the instance that InterOil proposes appraisal or completion of an exploration or development well, the investors will be asked to contribute to the completion work in proportion to their IPI percentage and InterOil will bear the remaining cost.InterOil has made cash calls for the completion, appraisal and development programs performed on the exploration or development wells that form part of the IPI Agreement.

  • In accordance with IPI Agreement, InterOil has made cash calls for the extended well programs performed on the exploratory wells that form part of the IPI Agreement.

  • In the superseded financial statements, the conversion option feature in the IPI Agreement was valued and bifurcated using relative fair value approach based on CICA 3861 – ‘Financial Instruments Disclosure and Presentation’.


More Definitions of IPI Agreement

IPI Agreement means the Amended and Restated Indirect Participation Agreement dated February 25, 2005, as amended.Management Discussion and Analysis INTEROIL CORPORATION 45
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IPI Agreement means the Amended and Restated Indirect Participation Agreement dated February 25, 2005 (see “Material Contracts”).
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IPI Agreement means any of (a) the Indirect Participation Interest Agreement between us and PNGEI originally executed April 3, 2003 and amended April 12, 2003 and further amended (and restated) May 12, 2004; (b) the Indirect Participation Interest Agreement between us and PNGDV, dated July 21, 2003 and amended (and restated) May 1, 2006; and (b) Indirect Participation Agreement, dated February 25, 2005 between us and the Investors.
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IPI Agreement means the Asset Purchase Agreement by and between Medex Cardio-Pulmonary, Inc. and IPI, dated as of May 10, 2002, and all other agreements related thereto.
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IPI Agreement means the Amended and Restated Indirect Participation Agreement dated February 25, 2005, as amended (see “Material Contracts”).Annual Information Form INTEROIL CORPORATION 6
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Related to IPI Agreement

  • Collaboration Agreement has the meaning set forth in the Recitals.

  • License Agreement means the agreement between SAP (or an SAP SE Affiliate, or an authorized reseller) under which Customer procured the rights to use SAP Software or a Cloud Service.

  • Sublicense Agreement means any agreement or arrangement pursuant to which Licensee (or an Affiliate or Sublicensee) grants to any third party any of the license rights granted to the Licensee under the Agreement.

  • Assistance Agreement means a for- mal, written agreement between the CDFI Fund and an Awardee which specifies the terms and conditions of assistance under this part;

  • Supply Agreement has the meaning set forth in Section 7.1.

  • Manufacturing Agreement has the meaning set forth in Section 2.6.

  • Transition Agreement has the meaning set forth in Section 12.8.1.

  • Cross License Agreement means that certain Cross License Agreement between and among Medarex, Cell Genesys, Inc., Abgenix, Inc., Xenotech, L.P. and Japan Tobacco Inc., dated March 26, 1997.

  • End User License Agreement means a license grant or end user license agreement governing software as further described in this Agreement or any applicable Appendix.

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • Noncompetition Agreement has the meaning given in Section 3.2.

  • Development Agreement has the meaning set forth in the Recitals.

  • Exclusivity Agreement , in relation to land, means an agreement, by the owner or a lessee of the land, not to permit any person (other than the persons identified in the agreement) to construct a solar pv station on the land;”;

  • Licensing Agreement means a commercial agreement between a design approval holder and a production approval holder (or applicant) formalizing the rights and duties of both parties to use the design data for the purpose of manufacturing the product or article.

  • Reservation agreement means a written contract entered into between MBOH and the taxpayer to provide for a Reservation and setting forth the terms and conditions under which the taxpayer may obtain a Carryover Commitment or Final Allocation.

  • Software License Agreement means the Motorola Software License Agreement (Exhibit A).

  • Royalty Agreement means the amended royalty agreement between the Partnership, Vermilion, 1209963 Alberta Ltd. and the Trust dated January 22, 2003 providing for the creation of the Royalty;

  • Letter Agreement has the meaning set forth in the Recitals.

  • Service Agreement means the initial agreement and any amendments or supplements thereto entered into by the Transmission Customer and the Transmission Provider for service under the Tariff. Site:

  • IP License Agreement means the Intellectual Property License agreement set forth as Exhibit E hereto.

  • Use Agreement means a written agreement between a primary licensee and a Type S applicant or licensee that specifies the designated area of the Type S licensee, the days and hours in which the Type S licensee is assigned to use the common-use area, any allocation of responsibility for compliance pursuant to Section 40196, and an acknowledgement that the Type S licensee has sole and exclusive use of the common- use area during the Type S licensee’s assigned time period.