Net Reserves definition

Net Reserves. ’ means a working-interest (operating or non-operating) share of oil and gas reserves after deduction of royalty obligations and of reserves to be allocated to government authorities under a production-sharing contract or other oil and gas permit plus including the Corporation’s royalty interests in reserves.

Net Reserves means Athabasca’s working interest (operating or non-operating) share after deduction of royalty obligations, plus Athabasca’s royalty interests in reserves.

Net Reserves means Corridor's working interest reserves after royalty deductions plus royalty interest reserves;

Examples of Net Reserves in a sentence

• The aggregate results of MLL’s evaluations are as follows: Net Reserves Future Net Revenues Reserves Category Oil and Condensate, MBbls.

• SEC PARAMETERSEstimated Net Reserves and Income DataCertain Leasehold and Royalty Interests ofContinental Resources, Inc.

• Net Reserves for Losses and Loss Adjustment Expense ($ in millions) (1) Excludes accretion of discount.

• Components of Net Reserves (Salvage)Insurance Contracts ___________________(1)Recorded as a component of reinsurance balances payable.

• See “Components of Net Reserves (Salvage)” table for loss and LAE reserve and salvage and subrogation recoverable components.The following table reconciles the loss and LAE reserve and salvage and subrogation components on the consolidated balance sheet to the financial guaranty net reserves (salvage) in the financial guaranty BIG transaction loss summary tables.

More Definitions of Net Reserves

Net Reserves shall be calculated as Statutory Reserves, net of Statutory Reserves for Existing Reinsurance, which would have been or should have been reported by Ceding Company on its NAIC Convention Blank as of the date of calculation with respect to the Reinsured Policies as if this Agreement were not in effect.

Net Reserves means the total of GGR's working interest in the estimated resources after the deduction of the Government's share of production under the applicable production sharing agreement and after the deduction of all applicable royalties.

Net Reserves means the total of Peyto's share of gross reserves less all royalties payable to others.

Net Reserves as used herein shall mean reserves for Losses and Loss Adjustment Expenses (including reserves for incurred but not reported Losses and Loss Adjustment Expenses, if any) in respect of the Original Policies, net of anticipated collectable salvage, subrogation, other third party recoveries and amounts due under other third party reinsurance existing as of the date hereof, as required by Statutory Accounting Principles or Applicable Law.

Net Reserves means the statutory reserves attributable to the Contractual Liabilities reinsured hereunder determined as of the Effective Date and in accordance with Company SAP consistently applied, net of (1) reserves ceded under Other Reinsurance, (2) reserves for life claims in the course of settlement, (3) life claims that have been incurred but not reported, and (4) annuities in payout, each as of the Effective Date.

Net Reserves means the sum of the following amounts attributable to the Policies, calculated in a manner consistent with the Annual Statement:

Net Reserves means the gross Reserves in respect of accident years prior to 2005, net of net retrocession recoverables against such Reserves.