Carry Xxxxx Sample Clauses

Carry Xxxxx. (a) Liberty shall commit to drill, complete and equip ten (10) Horizontal Xxxxx targeting the Berea Sandstone Geologic Interval (the “Drilling Commitment Carry Xxxxx”) as proposed and operated by Nytis on the lands in the Berea Sandstone Program. Nytis shall use its best efforts to spud the first Drilling Commitment Carry Well on or before the date which is thirty (30) days following the Closing, and shall drill such Drilling Commitment Carry Well in accordance with an AFE in the form attached hereto as Exhibit D. (b) Upon completion of the Drilling Commitment Carry Xxxxx, Liberty may elect, in accordance with the procedure provided below in this Section 2.1(b), to participate in two (2) additional groups of Horizontal Xxxxx, each group consisting of five (5) Horizontal Xxxxx, targeting the Berea Sandstone Geologic Interval as proposed and operated by Nytis in the Berea Sandstone Program in accordance with the terms of the Operating Agreement (the “Uncommitted Carry Xxxxx”, and together with the Drilling Commitment Carry Xxxxx, the “Carry Xxxxx”). Upon completion of the Drilling Commitment Carry Xxxxx, Nytis shall deliver to Liberty a proposal for the drilling, completion and equipping of the first group of five (5) Uncommitted Carry Xxxxx (the “Initial Uncommitted Carry Xxxxx”). Liberty shall have ten (10) days to provide Nytis written notice of its election to participate in the Initial Uncommitted Carry Xxxxx. In the event that Liberty elects to participate in the Initial Uncommitted Carry Xxxxx, upon completion of the Initial Uncommitted Carry Xxxxx, Nytis shall deliver to Liberty a proposal for the drilling, completion and equipping of the second group of five (5) Uncommitted Carry Xxxxx (the “Remaining Uncommitted Carry Xxxxx”). Liberty shall have ten (10) days to provide Nytis written notice of its election to participate in the Remaining Uncommitted Carry Xxxxx. In the event that Liberty fails to provide notice to Nytis of its election to participate in the Initial Uncommitted Carry Xxxxx or Remaining Uncommitted Carry Xxxxx within the respective ten (10) day periods, such failure shall be deemed a consent by Liberty to such participation and constitute Liberty’s election to participate in the Initial Committed Carry Xxxxx or Remaining Uncommitted Carry Xxxxx, as applicable. (c) The parties shall bear the costs for the Carry Xxxxx in accordance with Section 3.1(b)(i).
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Carry Xxxxx. (a) Liberty hereby commits to drill, complete and equip one (1) Horizontal Well targeting the Berea Sandstone Geologic Interval for each 1,000 net mineral acres acquired by Nytis in the New Area (collectively, the “Carry Xxxxx”) as proposed and operated by Nytis; provided, however, that in no event shall the number of Carry Xxxxx drilled pursuant to this Agreement exceed twenty (20). (b) Liberty shall bear the costs for the Carry Xxxxx in accordance with Section 3.1(c)(i).
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Carry Xxxxx. In order to avoid its reassigment obligations under Section 4.1 above, Carrizo must: (1) commence drilling not less than three Carry Xxxxx before the end of the Drilling Period at locations of Carrizo’s choice on the Leases or on lands pooled therewith, and (2) carry Seller for a 33 1/3 percent working interest on all costs through the tanks of each of said three Carry Xxxxx; provided, however that Seller’s working interest in a Carry Well shall be proportionately reduced if the Leases owned by Carrizo do not cover 100% of the drilling and spacing unit that shall be established for such Carry Well, if Carrizo does not own 100% of the lessee’s interest in such leases, or if the landowners in said Leases do not own the full mineral interest in the lands covered thereby. In the event that such proportionate reduction results in Seller being carried for less than the equivalent of 100% of one well, in the aggregate, with respect to the first three Carry Xxxxx, Carrizo shall have the obligation to carry Seller in an additional well or xxxxx, during or after the Drilling Period, so that Seller is carried for the equivalent of 100% of one well. In addition, Seller shall proportionately benefit from any non-consent penalty paid to Carrizo with respect to any of the xxxxx in which it is being carried. By way of clarity, it is the intent of this Carry Well provision that Seller’s position in a Carry Well shall be equal to 33 1/3 percent of Carrizo’s working interest in such well. As used herein, the term “Carry Well” means a well that satisfies both of the following conditions: (1) such well is drilled as a horizontal well in the Niobrara formation (i.e., a well in which the wellbore deviates from approximate vertical orientation to approximate horizontal orientation in order to drill within and test a geological interval, using deviation equipment, services and technology); and (2) such well is spudded after Carrizo acquires 3D seismic data covering all or a portion of the Leases unless either: (a) Seller has agreed in writing that such well qualifies as a Carry Well notwithstanding that it is drilled prior to Carrizo’s acquisition of 3D seismic data covering all or a portion of the Leases, or (b) such well is drilled in Section 26, Township 8 North, Range 61 West, 6th P.M., Weld County, Colorado. No provision of this Agreement prohibits or restricts Carrizo from drilling a well or xxxxx on the Leases during the Drilling Period that do not qualify as Carry Xxxxx as...
Sample 1
Carry Xxxxx. (a) Carbon TN Mining Co hereby commits to participate in the drilling, completing and equipping of up to twenty (20) Carry Xxxxx, subject to the terms hereof, which will be operated by Operator on the lands in the Tennessee Mining Tract. (b) The Parties shall bear the costs and expenses associated with the Carry Xxxxx in accordance with Section 3.1(a).
Sample 1

Related to Carry Xxxxx

  • SOMEC XXXXX XXXXX XXXXX XXXXX XXXXX UNBUNDLED LOCAL SWITCHING, PORT USAGE End Office Switching (Port Usage) End Office Switching Function, Per MOU 0.0010519 End Office Trunk Port - Shared, Per MOU 0.0002136 Tandem Switching (Port Usage) (Local or Access Tandem) Tandem Switching Function Per MOU 0.0001634 Tandem Trunk Port - Shared, Per MOU 0.0002863 Tandem Switching Function Per MOU (Melded) 0.00004951 Tandem Trunk Port - Shared, Per MOU (Melded) 0.000086749 Melded Factor: 30.30% of the Tandem Rate Common Transport Common Transport - Per Mile, Per MOU 0.0000045 Common Transport - Facilities Termination Per MOU 0.0004095

  • SHOP XXXXXXX The Shop Xxxxxxx shall be a County employee as selected by the Union. A list of shop stewards will be kept current and sent by the Union to each department head and to Human Resources. Duties required by the Union of its stewards, except attendance at meetings with the County, supervisory personnel and aggrieved employees arising out of a grievance already initiated by an employee under Article 14 hereof, shall not interfere with their or other employees, regular work assignments as employees of the County. The shop xxxxxxx, or their designee, involved with a particular grievance must be identified at Step 1 of the grievance procedure and will be designated as the only bargaining unit employee who will be able to gather information pertaining to that particular grievance. The Union will make reasonable efforts to control the amount of investigative time spent between the shop xxxxxxx and the aggrieved employee. Meetings scheduled with management and other proper investigative procedures, and attendance at meetings specified in Steps 1 and 2 of the grievance procedure shall be considered hours worked for compensation purposes to the extent such meetings occur during the normal hours of work, and not otherwise. In order to use union leave for this purpose, Shop Stewards must notify the supervisor/department head of meetings and other commitments at the time these are scheduled. Attendance at meetings specified in Step 3 of the grievance procedure shall be considered hours worked during regularly scheduled business hours of the County for the xxxxxxx involved, witnesses and the grievant. The County shall not be liable for any overtime as a result of the meeting. Witnesses and the shop xxxxxxx involved shall be granted leave with pay to the extent their presence at the proceedings is required. If it is a discharge case the grievant shall not be paid except as provided in a remedy awarded.

  • Xx Xxxxxx No waiver or modification of this Agreement or any of its terms is valid or enforceable unless reduced to writing and signed by the party who is alleged to have waived its rights or to have agreed to a modification.

  • Xxxx-Xxxxx-Xxxxxx Notwithstanding any other provision in this Agreement, in the event the Xxxx Xxxxx Xxxxxx Antitrust Improvements Act of 1976, as amended (the “HSR Act”), is applicable to any Member by reason of the fact that any assets of the Company will be distributed to such Member in connection with the dissolution of the Company, the distribution of any assets of the Company shall not be consummated until such time as the applicable waiting periods (and extensions thereof) under the HSR Act have expired or otherwise been terminated with respect to each such Member.

  • Xxxx Xxxxx Where the parties cannot agree on an arbitrator, one of the above named will be chosen at random.

  • Xxx Xxxxx Chairman

  • Xxxx Xxxxxx Purchase Order and Sales Contact Email 2 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 6 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • XX XXXXXXX XXXXXXX the parties hereof have caused this Agreement to be executed in duplicate on the day and year first above written.

  • Xxx Xxxxxx If the Customer requests any on-site or on-site maintenance service (except for any error/problem caused by the Company’s system, equipment/accessories), the Company shall charge a service fee of HK$400 or such amount as determined by the Company at its sole discretion.

  • Xxxxx Xxxxx Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia.

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