Applicability of WSGP’s Carry Sample Clauses

Applicability of WSGP’s Carry. Subject to Section 4.3, and WSGP’s non-consent elections, WSGP’s Carry shall apply to any and all costs and expenses, including overhead under the JOA, attributable to the drilling, completion, sidetracking, deepening, reworking, recompletion or repair of any Program Well, including the construction of gathering, treating and processing facilities exclusively servicing production from such Program Well until such time as the carried portion of all such costs and expenses actually paid by WSGP equals the Carried Amount. WSGP’s Carry shall not apply to any leasehold or mineral interest acquisitions within the AMI pursuant to Article XI, nor any costs to acquire seismic data in and to any portion of the AMI, all such costs and expenses being on a heads-up, non-carried 50%/50% basis, subject to Section 11.3 with respect to administrative overhead, and further subject to each Party’s election to participate or not participate in any such acquisition. PetroQuest shall furnish statements to WSGP, in form and substance reasonably acceptable to WSGP, on or before the 20th day following the end of each calendar quarter (March 31, June 30, September 30 and December 31) detailing the amount paid and applied against the Carried Amount by WSGP from the prior quarter, the aggregate amount paid and applied against the Carried Amount by WSGP as of the end of such prior quarter and the amount remaining to be paid toward the Carried Amount. PetroQuest shall send written notice to WSGP within thirty (30) days of the date that WSGP has paid the entire Carried Amount. From and after the date on which such Carried Amount has been paid, all costs and expenses attributable or related to existing Program Xxxxx, and any subsequent Program Xxxxx shall be on a heads-up, non-carried 50%/50% basis.
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Related to Applicability of WSGP’s Carry

  • Applicability of ¶ 2501 Local Church acknowledges and agrees that pursuant to ¶ 2501 of the Discipline, the Local Church holds all its property, real and personal, tangible and intangible, in trust for the benefit of The United Methodist Church, including the Real Property and Personal Property, and the Local Church will not take any actions that are inconsistent therewith or opposing or negating the same.

  • Applicability of Agreement The Developer agrees that the Lands shall be developed and used only in accordance with and subject to the terms and conditions of this Agreement.

  • Applicability of ISP Unless otherwise expressly agreed by the L/C Issuer and the Borrower when a Letter of Credit is issued, the rules of the ISP shall apply to each Letter of Credit.

  • Applicability of ISP and UCP Unless otherwise expressly agreed by the L/C Issuer and the Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), (i) the rules of the ISP shall apply to each standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce at the time of issuance shall apply to each commercial Letter of Credit.

  • Applicability of ISP98 Unless otherwise expressly agreed by the L/C Issuer and the Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance) shall apply to each Letter of Credit.

  • Applicability of ISP98 and UCP Unless otherwise expressly agreed by the applicable LC Issuer and the applicable LC Obligor, when a Letter of Credit is issued, (i) the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance) shall apply to each Standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce at the time of issuance (including the International Chamber of Commerce’s decision published by the Commission on Banking Technique and Practice on April 6, 1998 regarding the European single currency (euro)) shall apply to each Commercial Letter of Credit.

  • Applicability of Terms A check or similar mark in a box means that such provision is applicable. The abbreviation 48 “N/A” or the word “Deleted” means not applicable. The abbreviation “MEC” (mutual execution of this contract) means the date upon 49 which both parties have signed this Buyer Listing Contract.

  • Applicability of Rule 419 Upon delivery and payment for the Units on the Closing Date and each Additional Closing Date, the Company will not be subject to Rule 419 under the Securities Act and none of the Company’s outstanding securities will be deemed to be a “xxxxx stock” as defined in Rule 3a51-1 under the Exchange Act.

  • Applicability of This Article Redemption of Securities of any series (whether by operation of a sinking fund or otherwise) as permitted or required by any form of Security issued pursuant to this Indenture shall be made in accordance with such form of Security and this Article; provided, however, that if any provision of any such form of Security shall conflict with any provision of this Article, the provision of such form of Security shall govern.

  • Applicability of Restrictions Neither any restrictions of any legend described in this Warrant nor the requirements of Section 7(b) above shall apply to any transfer of, or grant of a security interest in, this Warrant (or the Series Preferred or Common Stock obtainable upon exercise thereof) or any part hereof (i) to a partner of the holder if the holder is a partnership or to a member of the holder if the holder is a limited liability company, (ii) to a partnership of which the holder is a partner or to a limited liability company of which the holder is a member, or (iii) to any affiliate of the holder if the holder is a corporation; provided, however, in any such transfer, if applicable, the transferee shall on the Company’s request agree in writing to be bound by the terms of this Warrant as if an original holder hereof.

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