Vertical Xxxxx Sample Clauses

Vertical Xxxxx. At the later to occur of the expiration of the primary term of this Lease or the termination of the continuous drilling program set forth in Paragraph 5, each non-horizontal well drilled hereon capable of producing in paying quantities will hold only forty (40) acres of the leased premises for any formation from the surface to the base of the Xxxxxxx Shale formation. As to depths below the base of the Xxxxxxx Shale Formation, the retained acreage shall be the minimum size proration unit necessary to obtain the maximum production allowable or if there are no proration units, the smallest spacing unit available. If the retained acreage for a well completed below the base of the Xxxxxxx Shale Formation is larger than forty (40) acres, the well may maintain the Lease as to formations above the base of the Xxxxxxx Shale Formation as to not more than forty (40) acres. All other acreage except that included in a retained acreage tract or pooled unit as described above will cease to be covered by this Lease and will be released. To the extent possible, each such retained acreage tract will be in the shape of a square, with the bottom of the well in the center. Further, it is understood and agreed that Lessee shall earn depths as to each retained acreage unit or pooled unit only from the surface down a depth which is the stratigraphic equivalent to a depth of one hundred feet (100') below the deepest formation in such well which is producing oil and gas in paying quantities at the later to occur of the expiration of the primary term of this Lease or the termination of the continuous drilling program set forth in Paragraph 5. This Lease will terminate at such time as to all depths below such depths as to each respective retained acreage tract or pooled unit. If production should cease as to acreage included in a retained acreage tract or pooled unit, this Lease will terminate as to such acreage unless Lessee commences reworking or additional drilling operations on such acreage within ninety (90) days thereafter and continues such reworking or additional drilling operations until commercial production is restored thereon, provided that if more than ninety (90) days elapse between the abandonment of such well as a dry hole and the commencement of actual drilling operations for an additional well, or more than ninety (90) days pass since the commencement of reworking operations without the restoration of commercial production, this Lease shall terminate as to the appli...
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Vertical Xxxxx. (a) In addition to the Carry Xxxxx, Nytis may at any time propose to drill up to six (6) vertical Xxxxx in the Program Area in accordance with the terms of the Operating Agreement, and each of Liberty and Nytis shall, in accordance with the Operating Agreement, participate therein on a heads up basis: Nytis 60% and Liberty 40%, each Proportionately Reduced. Such vertical Xxxxx shall not count toward the number of Carry Xxxxx that Liberty is obligated to participate in hereunder. (b) Notwithstanding Section 2.5(a), if (i) any such vertical Well is drilled in the New Area and (ii) in the exercise of Nytis’ sole discretion Nytis determines that such Well provides adequate evidence that warrants completion of such Well as a Horizontal Well, and (iii) all Carry Xxxxx have not yet then been drilled, such Well will be a Carry Well with Liberty obligated to pay the Carry Costs of such Horizontal Well with the amount previously paid by Liberty credited toward such Carry Costs

Related to Vertical Xxxxx

  • SHOP XXXXXXX The Shop Xxxxxxx shall be a County employee as selected by the Union. A list of shop stewards will be kept current and sent by the Union to each department head and to Human Resources. Duties required by the Union of its stewards, except attendance at meetings with the County, supervisory personnel and aggrieved employees arising out of a grievance already initiated by an employee under Article 14 hereof, shall not interfere with their or other employees, regular work assignments as employees of the County. The shop xxxxxxx, or their designee, involved with a particular grievance must be identified at Step 1 of the grievance procedure and will be designated as the only bargaining unit employee who will be able to gather information pertaining to that particular grievance. The Union will make reasonable efforts to control the amount of investigative time spent between the shop xxxxxxx and the aggrieved employee. Meetings scheduled with management and other proper investigative procedures, and attendance at meetings specified in Steps 1 and 2 of the grievance procedure shall be considered hours worked for compensation purposes to the extent such meetings occur during the normal hours of work, and not otherwise. In order to use union leave for this purpose, Shop Stewards must notify the supervisor/department head of meetings and other commitments at the time these are scheduled. Attendance at meetings specified in Step 3 of the grievance procedure shall be considered hours worked during regularly scheduled business hours of the County for the xxxxxxx involved, witnesses and the grievant. The County shall not be liable for any overtime as a result of the meeting. Witnesses and the shop xxxxxxx involved shall be granted leave with pay to the extent their presence at the proceedings is required. If it is a discharge case the grievant shall not be paid except as provided in a remedy awarded.

  • WHEXXXX xs xxxx of a plan of reorganization, RESTART PARTNERS V, L.P., a Delaware Limited Partnership ("Restart V"), may acquire an ownership interest in Elsinore Corporation ("Elsinore") or the Four Queens, Inc. ("FQI");

  • xxx/Xxxxxx/XXXXX- 19_School_Manual_FINAL pdf -page 101-102 We will continue to use the guidelines reflected in the COVID-19 school manual.

  • SOMEC XXXXX XXXXX XXXXX XXXXX XXXXX UNBUNDLED LOCAL SWITCHING, PORT USAGE End Office Switching (Port Usage) End Office Switching Function, Per MOU 0.0010519 End Office Trunk Port - Shared, Per MOU 0.0002136 Tandem Switching (Port Usage) (Local or Access Tandem) Tandem Switching Function Per MOU 0.0001634 Tandem Trunk Port - Shared, Per MOU 0.0002863 Tandem Switching Function Per MOU (Melded) 0.00004951 Tandem Trunk Port - Shared, Per MOU (Melded) 0.000086749 Melded Factor: 30.30% of the Tandem Rate Common Transport Common Transport - Per Mile, Per MOU 0.0000045 Common Transport - Facilities Termination Per MOU 0.0004095

  • Xxxx Xxxxx Where the parties cannot agree on an arbitrator, one of the above named will be chosen at random.

  • Nxxxx X Xxxxxxx is hereby designated as the Chief Executive Officer and Chief Financial Officer and Jxxx Xxxxxxxxx is designated the General Counsel and Secretary of the Company, each to serve in such capacity until his earlier death, resignation or removal from office.

  • Xxxxx Xxxxx Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia.

  • Xxxx Xxxxxx Purchase Order and Sales Contact Email 2 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 6 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xx Xxxxxx No waiver or modification of this Agreement or any of its terms is valid or enforceable unless reduced to writing and signed by the party who is alleged to have waived its rights or to have agreed to a modification.

  • Xxxx-Xxxxx-Xxxxxx Notwithstanding any other provision in this Agreement, in the event the Xxxx Xxxxx Xxxxxx Antitrust Improvements Act of 1976, as amended (the “HSR Act”), is applicable to any Member by reason of the fact that any assets of the Company will be distributed to such Member in connection with the dissolution of the Company, the distribution of any assets of the Company shall not be consummated until such time as the applicable waiting periods (and extensions thereof) under the HSR Act have expired or otherwise been terminated with respect to each such Member.

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