Examples of Redetermination Period in a sentence
The redetermined rate, which may be higher or lower than the Initial Fixed Account Minimum Interest Rate, will apply for that entire Redetermination Period.
The latter basically retain only the basement and a tiny fraction of the original house walls—even at times only a fraction of one wall—and are technically renovations under zoning laws.
The Fixed Account Minimum Interest Rate may vary by Redetermination Period as described in the Accumulation Provisions.
The term of this Agreement for each System will remain in full force and effect for a primary term expiring at the end of the Redetermination Period (as defined in Exhibit 4.3) for such System (the “Primary Term”) and will continue in effect year to year thereafter (each, an “Extended Term”) unless terminated as provided in this Agreement.
Gatherer will estimate the future Capital Expenditures for each System for a period of five (5) Forecasted Years, but in no circumstance shall the forecast for Capital Expenditures extend beyond the Redetermination Period.
Upon inclusion of all other Capital Expenditure, Total Revenue, and Total Expense impacts in each COS Calculation, Gatherer shall adjust the Gathering Fee for the Anchor Shippers in each COS Calculation such that the net present value of the Net Cash Flow, discounted to Time Zero at an eighteen percent (18%) discount rate (the “Target IRR”) over the Redetermination Period for each System, shall be equal to zero (0).
The Volume Forecast is to include a forecast based on a ten (10) year drilling period and a fifteen (15) year production period, but in no circumstance shall the Volume Forecast extend beyond the Redetermination Period.
By September 1st of each Year during the Redetermination Period, Producers will provide the Volume Forecast to Gatherer, along with a summary of Producers’ System requirements, including: (i) expected rig count; (ii) aggregate number, location, and timing of pad locations and well connections; (iii) well type curves; (iv) aggregate volumes of Gas to be delivered to the System; (v) System capacity and pressure; and (vii) any other System requirements (collectively, the “System Requirements”).
The Industry Expert shall be instructed to determine and submit to the Parties its decision regarding (i) adjustments to all or any portion of the Midcon Fees and PRP Fees; provided, however, that any increase or decrease to any Midcon Fees and PRP Fees determined by the Industry Expert shall be subject to the Midcon/PRP Redetermination Cap, and (ii) the amount of any True-Up Payment due in respect of the final Annual Redetermination Period.
By October 1st of each Year during the Redetermination Period, Gatherer will develop and deliver to Producers a projected Scope and budget (the “Budget”) for the following Year to meet System Requirements.