No IPS or MGS Sample Clauses

No IPS or MGS. 4.5.2.1 If IPS Project Start-up has not occurred and a Major Gas Sale has not been Sanctioned by year-end 2019, the following shall occur: (1) subject to Paragraph 4.5.2.2, the Point Thomson Unit and the PTUA shall terminate Without Appeal; (2) except for leases subject to Paragraph 4.5.2.3, each WIO will immediately surrender its leases and all such acreage shall be automatically released Without Appeal to the State; (3) each WIO agrees that it will not apply to form a compulsory unit with the Alaska Oil and Gas Conservation Commission with respect to any lease formerly within the Point Thomson Unit; and (4) this Agreement shall terminate. 4.5.2.2 If IPS Project Start-up has not occurred and a Major Gas Sale has not been Sanctioned by year-end 2019, then the WIOs may submit an alternative POD for the Point Thomson Unit no later than sixty (60) days prior to year- end 2019. Submittal and approval of the alternative POD shall be subject to the terms of the PTUA including applicable State law. Nonetheless, DNR shall have sole discretion to accept or reject an alternative POD, and a final Commissioner decision on the alternative POD is Without Appeal. For purposes of this paragraph the WIOs agree not to assert that Section 21 of the PTUA applies in any respect to review of or a decision on the proposed alternative POD. 4.5.2.3 If the Point Thomson Unit is terminated under Paragraph 4.5.2.1, the lessees of leases containing the PTU 15, PTU 16 and xxxxx drilled after execution of this Agreement, and lessees of leases containing any other xxxxx capable of producing in paying quantities, may submit a Plan of Operations (“POO”) for each lease to the Director within sixty (60) days of the date of Point Thomson Unit termination. The POO shall provide for placing the well on producing status within two (2) years of the date of approval of the POO. Approval or rejection of the POO shall be within the sole discretion of the DNR. If the Director denies approval of the POO, that decision may be appealed to the Commissioner. The Commissioner’s decision on the POO shall be Without Appeal. If the lessees fail to submit a POO for the leases within sixty (60) days following Point Thomson Unit termination, or the Commissioner denies approval of the POO, the leases shall terminate with acreage returning to the State Without Appeal. If the Director or the Commissioner approve the POO and the lessees fail to place the well on producing status within two years, the lease shall ter...
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Related to No IPS or MGS

  • No Weapons or Firearms Except as provided by statute and District policy, all District properties are weapons- and firearms-free zones; Contractor is prohibited from possessing on its persons or in its vehicles any weapons or firearms while on District property.

  • No Influence The Company has not offered, or caused the Underwriters to offer, the Firm Units to any person or entity with the intention of unlawfully influencing: (a) a customer or supplier of the Company or any affiliate of the Company to alter the customer’s or supplier’s level or type of business with the Company or such affiliate or (b) a journalist or publication to write or publish favorable information about the Company or any such affiliate.

  • NO DRUGS OR ALCOHOL For reasons of safety and public policy, in any Contract resulting from this procurement, the use of illegal drugs and/or alcoholic beverages by the Contractor or its personnel shall not be permitted while performing any phase of the work herein specified.

  • No Lockouts No lockouts, or refusal to allow employees to perform available work, shall be instituted by the Employer and/or its Appointing Authorities during the life of this Agreement.

  • No Gifts or Gratuities Party shall not give title or possession of anything of substantial value (including property, currency, travel and/or education programs) to any officer or employee of the State during the term of this Agreement.

  • No Lockout During the life of this Agreement, the Employer shall not cause, permit, or engage in any lockout of the bargaining unit employees.

  • No U S. federal or state agency or any agency of any other jurisdiction has made any finding or determination as to the fairness of the terms of the Offering for investment nor any recommendation or endorsement of the Debentures.

  • No Material Changes Prior to and on each of the Closing Date and the Option Closing Date, if any, (i) there shall have been no material adverse change or development involving a prospective material adverse change in the condition or prospects or the business activities, financial or otherwise, of the Company from the latest dates as of which such condition is set forth in the Registration Statement and the Prospectus, (ii) no action suit or proceeding, at law or in equity, shall have been pending or threatened against the Company or any Insider before or by any court or federal, foreign or state commission, board or other administrative agency wherein an unfavorable decision, ruling or finding may materially adversely affect the business, operations, or financial condition or income of the Company, except as set forth in the Registration Statement and the Prospectus, (iii) no stop order shall have been issued under the Act and no proceedings therefor shall have been initiated or, to the Company’s knowledge, assuming reasonable inquiry, threatened by the Commission, and (iv) the Registration Statement, the Sale Preliminary Prospectus and the Prospectus and any amendments or supplements thereto shall contain all material statements which are required to be stated therein in accordance with the Act and the Regulations and shall conform in all material respects to the requirements of the Act and the Regulations, and neither the Registration Statement, the Sale Preliminary Prospectus nor the Prospectus nor any amendment or supplement thereto shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.

  • No Infringement To the best of the Company's knowledge, the Company has not violated or infringed and is not currently violating or infringing, and the Company has not received any communications alleging that the Company (or any of its employees or consultants) has violated or infringed, any Intellectual Property of any other person or entity, to the extent that any such violation or infringement, either individually or together with all other such violations and infringements, would have a Material Adverse Effect.

  • No interference Registry Operator shall not interfere with measurement Probes, including any form of preferential treatment of the requests for the monitored services. Registry Operator shall respond to the measurement tests described in this Specification as it would to any other request from an Internet user (for DNS and RDDS) or registrar (for EPP).

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