Initial Operations. For purposes of depletion, the Joint Venture shall allocate to the Managing Venturer and to each Venturer on or before the date of acquisition of each oil and gas property acquired with respect to Initial Operations, a portion of the adjusted basis of such property. Such basis shall be allocated 1% to the Managing Venturer and 99% to the Venturers (and to each Venturer in the proportion that such Venturer’s Units bears to the total Units of all Venturers).
Initial Operations. All Net Cash Flow, Net Proceeds and Federal Income Tax Items as they relate to Initial Operations shall be shared by or charged:
Initial Operations. 2.1 The Venturers generally contemplate the Building and Construction Schedule for FabVen as shown in Attachment A and the Production and Business Schedule for FabVen as shown in Attachment B.
Initial Operations. Except as provided in Sections 8.3.3 and 8.3.4, Profits and Losses as they relate to Initial Operations prior to Payout and after Payout shall be allocated as follows.
Initial Operations. Each Venturer shall share in distributions of Net Cash Flow pursuant to Section 8.6.1 in the proportion that such Venturer's Sharing Ratio as reflected in Section 8.3.1 of this Agreement..
Initial Operations. Provide initial satellite control operations of each Spacecraft using the Contractor’s own facilities and the Customer’s TT&C Station Equipment, starting from Delivery of such Spacecraft, and continuing for a period of***, as outlined in Section 11 of Attachment 5;
Initial Operations. Notwithstanding any other provision herein, the Parties understand that initially the inflow volume will be insufficient to allow the wastewater plant to operate and treatment to “A+” quality effluent is not required until inflows are sufficient, estimated to be 20,000 gallons per day. Until that time, Town agrees to permit the Van Tuyl Entities to vault and haul inflows at their expense and Town agrees to accept the vault and haul inflows at their existing wastewater treatment facility at no additional charge. Town agrees that the vault and haul operation will not be a reason to deny the issuance of certificates of occupancy or any other necessary permits for unit occupancy.
Initial Operations. Overland and Allogene shall use good faith efforts in collaborating with each other in helping the Company with its initial operations and adopting and implementing its business plans.
Initial Operations. 2.1 The Venturers generally contemplate the Building and Construction Schedule for USI as shown in Attachment A and the Production and Business Schedule for USI as shown in Attachment B.
Initial Operations. (a) Prior to the Soft Launch Date, each of the Company and Contractor shall designate in writing an individual as the designating party's representative (the "Company Representative" and the "Contractor Representative", respectively), with each such individual having the authority to represent his or her designating party with respect to matters relating to this Agreement, including making decisions for and executing documents on behalf of such party, performing the actions described in Section 2.2(c) below and executing amendments to this Agreement. Each party may from time to time name a replacement for its representative by written notice to the other pursuant to the notice provisions herein.
