Reserves Information Sample Clauses

The Reserves Information clause defines the requirements and procedures for sharing, updating, and verifying data related to reserves, such as oil, gas, or financial reserves, between parties. Typically, it outlines the type of information to be provided, the frequency of updates, and the standards or methodologies to be used for reporting. For example, it may require annual submission of reserve estimates prepared in accordance with industry standards. This clause ensures transparency and accuracy in reserve reporting, helping parties make informed decisions and reducing the risk of disputes over resource quantities or values.
Reserves Information. It is contemplated that during the term of this Agreement, (a) Reserves will be required to provide certain notices, information and data necessary for Manager to perform the Services and its obligations under this Agreement, and (b) one or more of the officers or individual members of Manager would also be an officer of EEP or a member of the Board, and would be involved in collecting or providing to Manager certain notices, information and data necessary for Manager to perform the Services and its obligations under this Agreement. However, if there is a time during the term of this Agreement when none of the officers or individual members of Manager are officers of Reserves, or a member of the Board, then, for such period, Manager shall be permitted to rely on any information or data provided by Reserves to Manager in connection with the performance of its duties and provision of Services under this Agreement, except to the extent that Manager has actual knowledge that such information or data is inaccurate or incomplete.
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Reserves Information. CPEC made available to GLJ and ▇▇▇▇▇▇▇, prior to the issuance of the GLJ Consolidated Report, for the purpose of preparing such report, all information requested by GLJ and ▇▇▇▇▇▇▇, which information did not contain any material misrepresentation at the time such information was provided;
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Reserves Information. ▇▇▇▇▇ ▇▇▇▇▇ Company L.P. (“▇▇▇▇▇ ▇▇▇▇▇”), a petroleum engineering firm from whose reserve reports information (the “Reserve Information”) is included or incorporated by reference in the Pricing Disclosure Package and the Offering Memorandum, are independent petroleum engineers with respect to the Company and its subsidiaries. Other than (i) the production of reserves in the ordinary course of business, (ii) intervening price fluctuations or (iii) as described in the Pricing Disclosure Package and the Offering Memorandum, the Company is not aware of any facts or circumstances that would result in a Material Adverse Change in its proved reserves in the aggregate, or the aggregate present value of estimated future net revenues of the Company or the standardized measure of discounted future net cash flows therefrom, as described in the Pricing Disclosure Package and the Offering Memorandum and reflected in the Reserve Information as of the respective dates such information is given. Estimates of the proved reserves and the present value of the estimated future net revenues and the discounted future net cash flows derived therefrom as described in the Pricing Disclosure Package and the Offering Memorandum and reflected in the Reserve Information comply in all material respects to the applicable requirements of Regulation S-X of the Securities Act Regulations and Industry Guide 2 under the Securities Act.
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Reserves Information. (a) Paramount agrees to make available to ▇▇▇▇▇▇▇▇ & Associates Consultants Ltd. (“▇▇▇▇▇▇▇▇”) as soon as reasonably and practically available after the date hereof, such information related to the Paramount Assets as is reasonably required to permit ▇▇▇▇▇▇▇▇ to prepare a reserves report for Ovintiv Parent with disclosures of net proved oil, natural gas liquids and natural gas reserves as of December 31, 2023 and a reconciliation of changes therein of net proved oil, natural gas liquids and natural gas reserves for the year ended December 31, 2023 with respect to the Paramount Assets and in accordance with Rule 210.4-10 of Regulation S-X (the “2023 Reserves Report”). (b) In the event that the Closing Date occurs after February 26, 2025, Paramount agrees to make available to ▇▇▇▇▇▇▇▇, on the earlier of (i) ten (10) Business Days after the filing by Paramount of its annual financial statements and annual MD&A for the financial year ended December 31, 2024 and (ii) March 31, 2025, such information related to the Paramount Assets as is reasonably required to permit ▇▇▇▇▇▇▇▇ to prepare a reserves report for Ovintiv Parent with disclosures of net proved oil, natural gas liquids and natural gas reserves as of December 31, 2024 and a reconciliation of changes therein of net proved oil, natural gas liquids and natural gas reserves for the year ended December 31, 2024 with respect to the Paramount Assets and in accordance with Rule 210.4-10 of Regulation S-X (the “2024 Reserves Report”). 1394-4822-6578.1 (c) The Ovintiv Group shall directly engage and compensate ▇▇▇▇▇▇▇▇ to prepare the 2023 Reserves Report and, if required, the 2024 Reserves Report. (d) Paramount agrees to make available to ▇▇▇▇▇▇▇▇ as soon as reasonably and practically available after the date hereof, such information related to the Paramount Assets as is reasonably required to permit ▇▇▇▇▇▇▇▇ to prepare the unaudited supplementary standardized measure of discounted future net cash flows of the Paramount Assets as of December 31, 2023 and reconciliation of changes in the standardized measure of discounted future net cash flows of the Paramount Assets for the year ended December 31, 2023 (the “2023 SMOG Disclosures”); and Paramount agrees to make available to ▇▇▇▇▇▇▇▇ and its Representatives such existing information related to the Paramount Assets as is reasonably required to prepare the 2023 SMOG Disclosures. (e) In the event that the Closing Date occurs after February 26, 2025, Paramount agrees to...
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Reserves Information. ▇▇▇▇▇ ▇▇▇▇▇ Company L.P. (“▇▇▇▇▇ ▇▇▇▇▇”), a petroleum engineering firm from whose reserve reports information (the “Reserve Information”) is included or incorporated by reference in the Disclosure Package and the Prospectus, are independent petroleum engineers with respect to the Company and its subsidiaries. Other than (i) the production of reserves in the ordinary course of business, (ii) intervening price fluctuations or (iii) as described in the Disclosure Package and the Prospectus, the Company is not aware of any facts or circumstances that would result in a Material Adverse Change in its proved reserves in the aggregate, or the aggregate present value of estimated future net revenues of the Company or the standardized measure of discounted future net cash flows therefrom, as described in the Disclosure Package and the Prospectus and reflected in the Reserve Information as of the respective dates such information is given. Estimates of the proved reserves and the present value of the estimated future net revenues and the discounted future net cash flows derived therefrom as described in the Disclosure Package and the Prospectus and reflected in the Reserve Information comply in all material respects to the applicable requirements of Regulation S-X of the Securities Act Regulations and Industry Guide 2 under the Securities Act. Any certificate signed by an officer of the Company and delivered to the Representative or to counsel for the Underwriters shall be deemed to be a representation and warranty by the Company to each Underwriter as to the matters set forth therein.
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Related to Reserves Information

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