Development Expenditures. All Development Expenditures shall be borne by the parties according to their interest and subject to the provisions of the applicable Program Operating Agreement, whether incurred before or after the Program Term.
Development Expenditures. The Borrower shall not make any Development Expenditures except Permitted Development Expenditures. All assets or property built or acquired with Development Expenditures shall constitute Collateral except as provided in the Cooperation Agreement, the Water Agreement or the Security Documents or for contributions in aid of construction in connection with gas interconnection or metering facilities under gas interconnection or metering agreements.
Development Expenditures. Development Expenditures are those costs of a capital nature which directly relate to the Development of a Field with respect to an Exploitation Area, including costs of:
Development Expenditures. All Development Expenditures with respect to each individual Commercial Field shall be paid by Contractor.
Development Expenditures. After delivery of Royalty in accordance with Article 12 and reimbursement of Operating Expenditures in accordance with Sub-article 13.2, Contractor shall be entitled to an amount of Crude Oil from the Commercial Field which, when valued at the Market Price, equals the Development Expenditures for such field carried forward pursuant to Sub-articles 13.5 and 13.6.
Development Expenditures. (c) The Borrower shall not permit the Project or any material portion thereof to be removed, demolished or materially altered, unless (A) such material portion that has been removed, demolished or materially altered has been replaced or repaired as permitted under the Financing Documents, or (B) such removal or alteration is (x) in accordance with Prudent Industry Practices (as certified by the Independent Engineer, acting reasonably) and could not reasonably be expected to result in a Material Adverse Effect or (y) required by applicable Government Rule.
Development Expenditures. The Borrower shall not make any Development Expenditures except Permitted Development Expenditures. All assets or property built or acquired with Development Expenditures shall
Development Expenditures. In connection with the development of the Properties, Borrower shall not expend any proceeds of the Loan for activities not expressly provided for herein or included on an AFE approved in writing by Administrative Agent as provided herein.
Development Expenditures. As pursuant to Title 25 of the Code of Federal Regulations, Part 211, Subpart C, §212.42, a lease for minerals shall provide for a yearly development expenditure of not less than $20.00 per acre. (Optional clause - may delete.)
Development Expenditures. The amount of any hard and soft costs incurred by any Loan Party or any of the Joint Ventures in connection with the development of the Developments attributable to zoning, permitting, design, site improvement, amenities, and construction of infrastructure in connection with the Developments for which such Loan Party shall provide or cause to be provided to Agent, upon Agent’s request from time to time, invoices, work orders and other supporting documentation with respect thereto, and which, with respect to any Development on Real Estate included in the Borrowing Base Assets, have otherwise been properly accounted for by such Loan Party in the Borrowing Base Certificates submitted to Agent, including infrastructure costs, but excluding therefrom general administrative and overhead costs, and Acquisition Expenditures.
