Reserve Engineer Letter Sample Clauses
A Reserve Engineer Letter clause requires a qualified engineer to provide a formal letter assessing the adequacy of financial reserves set aside for a project or asset. Typically, this letter will detail the engineer’s evaluation of the sufficiency of funds allocated for maintenance, repairs, or replacement of key components, often in the context of real estate developments or infrastructure projects. The core function of this clause is to provide independent, expert assurance to stakeholders that the reserves are appropriate, thereby reducing financial risk and supporting informed decision-making.
Reserve Engineer Letter. On the date hereof, the Initial Purchasers shall have received from the Reserve Engineer, a letter dated the date hereof addressed to the Initial Purchasers, in form and substance satisfactory to the Representative, containing statements and information ordinarily included in reserve engineers’ “comfort letters” to Initial Purchasers with respect to the reserve reports and related information contained in the Offering Memorandum. In addition, on the Closing Date, the Initial Purchaser shall have received from the Reserve Engineer a bring-down letter dated the Closing Date addressed to the Initial Purchasers, in form and substance satisfactory to the Representatives, in the form of the letter delivered on the date hereof, except that it shall cover the reserve reports and related information in the Final Offering Memorandum and any amendment or supplement thereto.
Reserve Engineer Letter. You shall have received on each of the dates hereof, the Closing Date and the Option Closing Date, if any, a letter dated the date hereof, the Closing Date or the Option Closing Date, if any, in form and substance satisfactory to you, of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇.
Reserve Engineer Letter. The Representatives shall have received on and as of the Closing Date a letter from Netherland, ▇▇▇▇▇▇ & Associates, Inc., independent petroleum engineers for the Company in form and substance reasonably satisfactory to the Representative, to the effect set forth in Annex D hereto.
Reserve Engineer Letter. (A) On or prior to the date of the filing of the first Prospectus Supplement relating to the Securities and (B) within five (5) Trading Days after each Representation Date described in Section 7(l)(ii) with respect to which the Partnership is obligated to deliver a certificate, in form and substance satisfactory to FBR, and for which no wavier is applicable, the Partnership shall cause RSC, or its then current independent reserve engineer, to furnish FBR a letter, confirming certain matters concerning their engagement and the use of their reserve report and information derived from their reserve report in the Registration Statement and Prospectus.
Reserve Engineer Letter. At the time of the execution of this Agreement, the Representative shall have received from CG&A a letter addressed to the Underwriters, dated the date of this Agreement and in form and substance satisfactory to the Representative, together with signed or reproduced copies of such letter for each of the other Underwriters, containing statements and information of the type ordinarily included in reserve engineer letters to underwriters with respect to the oil and gas reserve information of the Company and the Guarantors contained in the Registration Statement, the General Disclosure Package, any Issuer Free Writing Prospectuses (other than any electronic road show) and the Prospectus and any amendments or supplements to any of the foregoing
Reserve Engineer Letter. On the date hereof, the Initial Purchaser shall have received from the Reserve Engineer, a letter dated the date hereof addressed to the Initial Purchaser, in form and substance satisfactory to the Initial Purchaser, containing statements and information ordinarily included in reserve engineers’ “comfort letters” to the Initial Purchaser with respect to (i) the estimated quantities of the Parent’s net reserves, (ii) the future net revenues from those reserves, (iii) their present value as set forth in the Offering Memorandum and (iv) such related matters as the Initial Purchaser shall reasonably request. In addition, on the Closing Date, the Initial Purchaser shall have received from the Reserve Engineer a bring-down letter dated the Closing Date addressed to the Initial Purchaser, in form and substance satisfactory to the Initial Purchaser, in the form of the letter delivered on the date hereof, except that it shall cover the reserve and related information set forth above included in the Final Offering Memorandum and any amendment or supplement thereto.
Reserve Engineer Letter. On the First Representation Date and on each Representation Date thereafter, the Company shall cause NSAI to furnish a letter, dated the date of recommencement, effectiveness of such amendment, the date of filing of such supplement or other document with the Commission, or the Time of Delivery, as the case may be, in form and substance satisfactory to the Manager, of the same tenor as the letter referred to in Section 6(g) but modified to relate to the Registration Statement and the Prospectus, as amended and supplemented to the date of such letter.
Reserve Engineer Letter. FBR shall have received the reserve engineer letter required to be delivered pursuant Section 7(n) on or before the date on which such delivery of such letter is required pursuant to Section 7(n).
Reserve Engineer Letter. The Company shall have requested and caused NSAI to have furnished to the Manager, on every date specified in Section 4(q) and to the extent requested by the Manager in connection with any offering of the Shares, letters (which may refer to letters previously delivered to the Manager), dated as of such date, in form and substance satisfactory to the Manager.
Reserve Engineer Letter. The Underwriter shall have received a letter, dated the Closing Date or the Additional Closing Date, as the case may be, and addressed to the Underwriter, from the Company Engineers, in form and substance reasonably satisfactory to the Underwriter and counsel for the Underwriter.