As Drilled Survey For Royalty Allocation Well Sample Clauses

As Drilled Survey For Royalty Allocation Well. The Royalty Payor shall use reasonable efforts to obtain an As Drilled Survey for any Royalty Allocation Well in a timely manner following the drilling rig release of that well. It shall provide a copy of the As Drilled Survey for any Royalty Allocation Well to the Royalty Owner within 30 days after receiving it. If: (i) the Royalty Payor has created the As Drilled Survey provided to the Royalty Owner hereunder from survey data for a Royalty Allocation Well; and (ii) the Royalty Owner has not already received that survey data from the Royalty Payor when it provided any required drilling information for that Royalty Allocation Well under the Royalty Agreement to the Royalty Owner, the Royalty Owner may, upon reasonable notice to the Royalty Payor, require the Royalty Payor to provide the Royalty Owner access to that original survey data in order to confirm the accuracy of the information presented in that As Drilled Survey. Notwithstanding the provisions of this Clause 4.1, the preliminary directional plan showing the basis for the Initial Allocation Ratio OR the As Drilled Survey for the Initial Royalty Allocation Well is attached to this Royalty Allocation Amending Agreement as Schedule “B”.
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Related to As Drilled Survey For Royalty Allocation Well

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  • ESTIMATED / SPECIFIC QUANTITY CONTRACTS Estimated quantity contracts, also referred to as indefinite delivery / indefinite quantity contracts, are expressly agreed and understood to be made for only the quantities, if any, actually ordered during the Contract term. No guarantee of any quantity is implied or given. With respect to any specific quantity stated in the contract, the Commissioner reserves the right after award to order up to 20% more or less (rounded to the next highest whole number) than the specific quantities called for in the Contract. Notwithstanding the foregoing, the Commissioner may purchase greater or lesser percentages of Contract quantities should the Commissioner and Contractor so agree. Such agreement may include an equitable price adjustment.

  • Punch List If, at any time after the Project has been Physically Completed, there shall exist any item or items requiring completion or correction, then the Developer agrees to use all reasonable diligence to complete or correct such item or items so that each conforms to the Final Plans. The parties shall make a Punch-List of the items requiring completion or correction (the "Punch List"). Each item on the Punch-List shall be assigned a reasonable value based upon the reasonable cost of completion or correction of the same or such other value as may be required by the Owner's lender ("Punch-List Amount"). The Developer shall give its written undertaking to complete each such item within forty-five (45) days (or such other period of time as is mutually agreed upon by the parties).

  • How Do I Correct an Excess Contribution? If you make a contribution in excess of your allowable maximum, you may correct the excess contribution and avoid the 6% penalty tax for that year by withdrawing the excess contribution and its earnings on or before the date, including extensions, for filing your tax return for the tax year for which the contribution was made (generally October 15th). Any earnings on the withdrawn excess contribution may also be subject to the 10% early distribution penalty tax if you are under age 59½. In addition, although you will still owe penalty taxes for one or more years, excess contributions may be withdrawn after the time for filing your tax return. Excess contributions for one year may be carried forward and applied against the contribution limitation in succeeding years. An individual who is partially or entirely ineligible to make contributions to a Xxxx XXX may transfer amounts of up to the yearly contribution limits to a non-deductible Traditional IRA (subject to reduction for amounts remaining in the Xxxx XXX plus other Traditional IRA contributions).

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