SHALLOW DEVELOPMENT IN PRODUCTION ACREAGE Sample Clauses

SHALLOW DEVELOPMENT IN PRODUCTION ACREAGE. Unless otherwise agreed in writing by Lessor, on or before the date that is three (3) years after expiration of the Primary Term or cessation of Continuous Drilling Operations, whichever is later, Lessee will commence on the Production Acreage designated pursuant to Section 8.e below, Drilling Operations on three (3) oil or gas xxxxx targeting development of the “Shallow Rights,” which means, for the purposes of this Lease, all zones from the surface down to one hundred feet (100’) above the top of the stratigraphic equivalent of the deepest formation producing in Paying Quantities on the Leased Premises at the end of the Primary Term or cessation of Continuous Drilling Operations, whichever is later. Thereafter, Lessee must commence Drilling Operations on an additional three (3) oil or gas xxxxx targeting the Shallow Rights on the Production Acreage during each successive twelve (12) month period until Lessee fully develops the Shallow Rights pursuant to Section 8.c. above. If Lessee fails to fulfill the Shallow Rights development obligations set forth in this Section 8.d., the Lease will terminate as to those Shallow Rights depths (except for those Shallow Rights depths already earned from the drilling of a well (or xxxxx) in the Shallow Rights), Lessee will promptly prepare and deliver to Lessor a “Partial Release of Lease” document, and upon Lessor’s approval of such document, Lessee will execute and file the Partial Release of Lease in the applicable county of record to effectuate the release of all Shallow Rights acreage and depths not earned under this Lease at that time, pursuant to the terms set forth in this Section 8. Lessee must provide a copy of the recorded release documents within forty-five (45) days of receipt of Lessor’s approval. For clarification, the size and boundaries of Production Acreage for each oil or gas well drilled in the Shallow Rights pursuant to this Section 8.d. will be determined according to Sections 8.b. and 8.c. of this Lease.
Sample 1See All (5)
AutoNDA by SimpleDocs

Related to SHALLOW DEVELOPMENT IN PRODUCTION ACREAGE

  • Development Area 10.4. The Development Area shall encompass all Deposits to be produced.

  • Vendor Development Rights To the extent not inconsistent with Customer’s rights in the Work Product or as set forth herein, nothing in this Contract shall preclude Vendor from developing for itself, or for others, materials which are competitive with those produced as a result of the Services provided hereunder, provided that no Work Product is utilized, and no Intellectual Property Rights of Customer therein are infringed by such competitive materials. To the extent that Vendor wishes to use the Work Product, or acquire licensed rights in certain Intellectual Property Rights of Customer therein in order to offer competitive goods or services to third parties, Vendor and Customer agree to negotiate in good faith regarding an appropriate license and royalty agreement to allow for such.

  • Career Development The City and the Union agree that employee career growth can be beneficial to both the City and the affected employee. As such, consistent with training needs identified by the City and the financial resources appropriated therefore by the City, the City shall provide educational and training opportunities for employee career growth. Each employee shall be responsible for utilizing those training and educational opportunities made available by the City or other institutions for the self- development effort needed to achieve personal career goals.

  • Project Area The Project Area is the incorporated area of the City of San Xxxx.

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Construction Development of the Project The Allottee has seen the proposed layout plan/demarcation-cum-zoning/sanctioned plans, / site plan / building plan, specifications, amenities and facilities, etc. depicted in the advertisement / brochure / agreement / website (as the case may be) regarding the Project where the Said Independent Floor for residential usage along with parking is located and has accepted the floor / site plan, Payment Plan and the specifications, amenities, facilities, etc. [annexed along with this Agreement] which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the bye-laws such as Haryana Building Code, 2017, FAR, density norms, provisions prescribed, approved plans, terms and condition of the license/ allotment as well as registration of RERA, etc. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the provisions and norms prescribed by the relevant State laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act and Rules made thereunder or as per approvals/instructions/ guidelines of the competent authorities, and any breach of this term by the Promoter shall constitute a material breach of the Agreement.

  • Development of the Property Except as modified by this Agreement, the Development and the Property will be developed in accordance with all applicable local, state, and federal regulations, including but not limited to the City’s ordinances and the zoning regulations applicable to the Property, and such amendments to City ordinances and regulations that that may be applied to the Development and the Property under Chapter 245, Texas Local Government Code, and good engineering practices (the “Applicable Regulations”). If there is a conflict between the Applicable Regulations and the Development Standards, the Development Standards shall control.

  • Acreage 7. Existing Use of Property:

  • Development of the Project 4.1 TSP's obligations in development of the Project: Subject to the terms and conditions of this Agreement, the TSP at its own cost and expense shall observe, comply with, perform, undertake and be responsible:

  • For Product Development Projects and Project Demonstrations  Published documents, including date, title, and periodical name.  Estimated or actual energy and cost savings, and estimated statewide energy savings once market potential has been realized. Identify all assumptions used in the estimates.  Greenhouse gas and criteria emissions reductions.  Other non-energy benefits such as reliability, public safety, lower operational cost, environmental improvement, indoor environmental quality, and societal benefits.  Data on potential job creation, market potential, economic development, and increased state revenue as a result of the project.  A discussion of project product downloads from websites, and publications in technical journals.  A comparison of project expectations and performance. Discuss whether the goals and objectives of the Agreement have been met and what improvements are needed, if any.

Time is Money Join Law Insider Premium to draft better contracts faster.