RATE OF PRODUCTION Sample Clauses

RATE OF PRODUCTION. All production and the disposal thereof shall be in conformity with allocations, allotments, and quotas made or fixed by the Division, and in conformity with all applicable laws and lawful regulations.
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RATE OF PRODUCTION. Grantor shall use its best efforts to prudently operate and produce the Subject Xxxxx (or, if any Subject Xxxxx are operated by a third party, cause the Subject Xxxxx to be prudently operated and produced) in accordance with the terms of the joint operating agreements and in accordance with good engineering practices and the following requirements: (i) the amount of Hydrocarbons produced from any Subject Well shall not exceed in any Month the lower of (x) the maximum amount that in the good faith judgment of the operator is capable of producing at its maximum efficient rate of flow or (y) the respective allowable rate of flow under applicable orders, rules, regulations or laws, if any; (ii) the amount of Hydrocarbons produced from the Subject Xxxxx shall be in the good faith judgment of the operator sufficient to prevent a net migration of Hydrocarbons from the reservoirs to which proved reserves are attributed underlying the Subject Interest; and (iii) subject to field rules established by governmental authorities having or asserting jurisdiction, the amount of Hydrocarbons produced from the Subject Xxxxx shall be equitable and ratable, based on factors used in determining such field rules.
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RATE OF PRODUCTION. Grantors shall prudently operate and produce with respect to those Subject Interests operated by Grantors, and shall use Grantors' best efforts to cause to be prudently operated and produced, with respect to the Subject Interests not operated by Grantors, the Subject Xxxxx in accordance with good engineering practices and the following requirements: (i) the amount of Hydrocarbons produced from any Subject Well shall not exceed in any Month the lower of (x) the maximum amount that the Subject Well is capable of producing at its maximum efficient rate of flow or (y) the respective allowable rate of flow under applicable orders, rules, regulations or laws, if any; (ii) the amount of Hydrocarbons produced from the Subject Xxxxx shall be sufficient to prevent a net migration of Hydrocarbons from the reservoirs to which proved reserves are attributed underlying the Subject Interests; and (iii) subject to field rules established by governmental authorities having or asserting jurisdiction, the amount of Hydrocarbons produced from the Subject Xxxxx shall be equitable and ratable, based on factors used in determining such field rules.
Sample 1
RATE OF PRODUCTION. (a) Grantors shall prudently operate and produce with respect to those Subject Interests operated by Grantors, and shall use Grantors' best efforts to cause to be prudently operated and produced, with respect to the Subject Interests not operated by Grantors, the Subject Wellx xx accordance with good engineering practices and the following requirements: (i) the amount of Hydrocarbons produced from any Subject Well shall not exceed in any Month the lower of (x) the maximum amount that the Subject Well is capable of producing at its maximum efficient rate of flow or (y) the respective allowable rate of flow under applicable orders, rules, regulations or laws, if any; (ii) the amount of Hydrocarbons produced from the Subject Wellx xxxll be sufficient to prevent a net migration of Hydrocarbons from the reservoirs to which proved reserves are attributed underlying the Subject Interests; and (iii) subject to field rules established by governmental authorities having or asserting jurisdiction, the amount of Hydrocarbons produced from the Subject Wellx xxxll be equitable and ratable, based on factors used in determining such field rules. (b) Subject to the provisions of Section 5(a), Grantors shall use Grantors' best efforts to cause each Property to produce each Day that quantity of Overriding Royalty Hydrocarbons sufficient to allow the delivery to Grantee of the Scheduled Amount for such Day. (c) If for any reason at any time, or from time to time, (i) (w) there has been an acceleration in the rate of production of Hydrocarbons from any Property for any one Month period that exceeds the rates set forth in the reserve report (the "Reserve Report") prepared by Netherland, Sewexx & Xssociates (the "Independent Engineer") dated as of December 31, 2000 attributable to such Month, (x) the State of Louisiana elects to defer taking its royalty share of hydrocarbons attributable to any of the Subject Interests (or the proceeds therefrom), (y) any of the capital expenditures referred to in Section 10 hereof are not made at the time required, or (z) the drilling of any required replacement well or other operation to be undertaken by Grantors is not timely performed in accordance with the terms hereof, and (ii) the ratio that the Tail Reserves bears to the Remaining Reserves is less than the Required Percentage (as defined in Section 5(f)), then in addition to any other rights or remedies available to Grantee, Grantee shall have the right, at Grantee's option, to cause the...
Sample 1
RATE OF PRODUCTION. Unico agrees to use its best efforts to mine and remove mineral ores from the leased premises beginning upon the Effective Date or as soon thereafter as is feasible, as rapidly and in such quantities each month as reasonably can be done, unavoidable delays, shortages of fuel and labor, market conditions, adverse weather and other conditions beyond the control of Unico to be taken into consideration as well as reasonable start-up time. A copy of Lessee's initial work plan is attached hereto as Exhibit A.
Sample 1
RATE OF PRODUCTION. Seller shall cause (or if Seller is not the operator, shall use its reasonable best efforts to cause) any xxxxx now located or hereafter drilled on the lands covered by the Subject Interests (the "Subject Xxxxx") to be prudently operated and produced in accordance with good engineering practices. Seller shall also use its reasonable best efforts to cause the Subject Xxxxx to produce each day that quantity of Production Payment Hydrocarbons equal to its pro rata part of the Gas Subject Quantity and Oil Subject Quantity for such day.
Sample 1
RATE OF PRODUCTION. Unico agrees to use its best efforts to mine and remove mineral ores from the leased premises beginning upon the Effective Date or as soon thereafter as is feasible as rapidly and in such quantities each month as reasonably can be done, unavoidable delays, shortages of fuel and labor, market conditions, adverse weather and other conditions beyond the control of Unico to be taken into consideration as well as reasonable start-up time. Unico agrees that as a condition to continuing this Lease, Unico shall timely comply with and perform the work plan attached hereto as Exhibit C, and shall deliver to Crown Mines evidence reasonably satisfactory to Crown Mines, at Crown Mine's request from time to time, that such work plan is being timely performed.
Sample 1
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RATE OF PRODUCTION. Grantor shall use its best efforts to prudently operate and produce the Subject Wells (or, if any Subject Wells are operated by a third party, cause xxx Subject Wells to be pxxxxxtly operated and produced) in accordance with the xxxxx of the joint operating agreement and in accordance with good engineering practices and the following requirements: (i) the amount of Hydrocarbons produced from any Subject Well shall not exceed in any Month the lower of(x) the maximum amount that in the good faith judgment of the operator is capable of producing at its maximum efficient rate of flow or (y) the respective allowable rate of flow under applicable orders, rules, regulations or laws, if any; (ii) the amount of Hydrocarbons produced from the Subject Wells shall be in the good faith judgment of the operator sufficient xx xrevent a net migration of Hydrocarbons from the reservoirs to which proved reserves are attributed underlying the Subject Interests; and (iii) subject to field rules established by governmental authorities having or asserting jurisdiction, the amount of Hydrocarbons produced from the Subject Wells shall be equitable and ratable, based on factors used in deterxxxxxg such field rules.
Sample 1
RATE OF PRODUCTION. All production and foe disposal thereof shell be in conformity with allocations, allotments, and quota made or fixed by foe Division, and in conformity with all applicable laws and lawful regulations.
Sample 1

Related to RATE OF PRODUCTION

  • Rate of Pay a. An Employee who is employed as a teacher teaching on call shall be paid 1/189 of his/her category classification and experience, to a maximum of the rate at Category 5 Step 7, for each full day worked. b. Effective July 1, 2016, an Employee who is employed as a teacher teaching on call shall be paid 1/189 of his/her category classification and experience, to a maximum of the rate at Category 5 Step 8, for each full day worked.

  • Marketing of Production Except for contracts listed and in effect on the date hereof on Schedule 7.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report (with respect to all of which contracts the Borrower represents that it or its Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which are not cancelable on 60 days notice or less without penalty or detriment for the sale of production from the Borrower’s or its Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of longer than six (6) months from the date hereof.

  • Rate of Payment Community service leave for voluntary community service is granted with pay for the first three days leave in a twelve month period to all employees except casual employees.

  • Fixed Kilowatt Rate Product If Clearview Energy would like to propose a change to a fixed kilowatt rate product, you will be notified by the process described in Change of Terms. Fixed price products may change due to new or modified federal, state or local laws; or regulatory actions that impose new or modified fees. 2b. Month-to-month Variable Kilowatt Rate Product – Month-to-month variable kilowatt rate products are subject to change without notice at Clearview Energy’s discretion outside of any applicable promotion. If applicable, the Monthly Base Charge may also fluctuate outside of any applicable promotion. All pricing can be viewed at xxx.XxxxxxxxxXxxxxx.xxx.

  • Rate of Exchange upon request by the Issuer, inform the Issuer of the spot rate of exchange quoted by it for the purchase of the currency in which the relevant Notes are denominated against payment of euro (or such other currency specified by the Issuer) on the date on which the Relevant Agreement (as defined in the Dealer Agreement) in respect of such Notes was made; and

  • Conformity of production 8.1. Procedures concerning conformity of production shall comply with those set out in the 1958 Agreement, Schedule 1 (E/ECE/TRANS/505/Rev.3) and meet the following requirements: 8.2. A vehicle approved pursuant to this Regulation shall be so manufactured as to conform to the type approved by meeting the requirements of paragraph 5. above; 8.3. The Type Approval Authority which has granted approval may at any time verify the conformity of control methods applicable to each production unit. The normal frequency of such inspections shall be once every two years.

  • Rate of Pay on Promotion 44.3.1 When an employee is appointed by the Council to a higher classification level in the same group, he shall be paid at the nearest rate in the new classification level which gives the employee a salary increase not less than the minimum increment of the higher classification level to which he is being appointed by the Council. If there is no such rate the employee shall be paid the maximum rate in his new scale. 44.3.2 Where an employee who is being paid Acting Pay is promoted to the position for which the employee is receiving Acting Pay, he shall be paid in that position at the rate at which the employee was being paid Acting Pay and the employee's first pay increment in that position shall become due on the date on which it would have become due as if the employee had been promoted to that position on the date on which he was most recently authorized to receive Acting Pay in that position.

  • Production Royalty When Lessee commences production of ores, minerals or materials from the premises, Lessee shall pay to Lessor a production royalty of 3% of the Net Smelter Returns (NSR) received by Lessee from the sale of said ores, minerals or materials, from the Premises. Lessor may buy out the Lessee’s Production Royalty at a rate of One Million Dollars ($1,000,000.00) per Royalty percentage, with the Lessee retaining One Percent (1%). (1) If Lessee sells refined gold or silver, Lessee will be deemed to have received proceeds from the sale thereof equal to the number of ounces of refined gold or silver outturned to Lessee's account during the calendar quarter multiplied in the case of gold by the average daily London Bullion Brokers P .M Gold Fixing during such calendar quarter and in the case of silver by the average of the daily Engelhard industrial bullion price for silver during the calendar quarter. The average price for a calendar quarter shall be determined by dividing the sum of all daily prices posted during the calendar quarter by the number of days that prices were posted. The posted price shall be obtained from the Wall Street Journal, Reuters, E&MJ or other industry-accepted source. If a posted price referenced above becomes no longer available, Lessee shall, acting reasonably, select an alternative posted price that closely approximates such original posted price. Lessee shall have the right to market and sell to third parties refined gold and silver in any manner it chooses, including the sale of such refined gold and silver on the commodity market. In this regard, Lessor shall have no right to participate in any gains and/or profits or obligation to suffer any losses accruing to Lessee as a result of forward sales, options trading, commodities futures trading or similar transactions. (2) Charges to be deducted from proceeds in determining Net Smelter Returns (a) all costs, charges and expenses paid or incurred by Lessee for treatment in the smelting and refining processes (including handling, processing, interest and provisional settlement fees, sampling, assaying and representation costs, penalties and other processor deductions);

  • Sleeping Room Rate(s) A. The Contractor shall provide sleeping rooms to the Attendees at the following rate during the Program: i. For single occupancy room, $@@@.@@ per night per room. B. The Contractor agrees that it will waive all applicable taxes and surcharges for Attendees listed on the Master Account Approval List, pursuant to the Hotel/Motel Transient Occupancy Tax Waiver (Exemption Certificate for State Agencies) form signed by the Judicial Council and included in this Agreement in Exhibit H. C. The Contractor may xxxx tax and/or surcharges, and/or tourism fees, if any, in addition to as included in the sleeping room rate, as set forth in this provision. D. The Contractor shall extend the sleeping room rate to Attendees two (2) Days before the Program and two (2) Days after the Program based on availability.

  • Rate of Accrual All full-time employees shall be credited with five (5) hours of paid sick leave per pay period.

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