Common use of Acreage Subject to Inclusion in PA Clause in Contracts

Acreage Subject to Inclusion in PA. If by year-end 2019 a Major Gas Sale has been Sanctioned or the WIOs have Committed to a Point Thomson Expansion Project, acreage to be included in the PA for the Thomson Reservoir under Paragraphs 4.4.2, 4.5.4, or 4.5.7 shall be entitled to be included in the PA. Such acreage shall remain in the Point Thomson Unit following formation of the Initial PA, and thereafter shall be subject to elimination from the Point Thomson Unit in accordance with the terms of the PTUA including applicable State law, including Section 2(e). If IPS Project Start-up has not occurred and the Initial PA has not been formed, but a Major Gas Sale is Sanctioned, such acreage shall remain in the Point Thomson Unit and shall be subject to elimination from the Point Thomson Unit in accordance with the terms of the PTUA including applicable State law, including Section 2(e), as if the Initial PA had been formed effective May 1, 2016.

Appears in 4 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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