AMI Term definition

AMI Term has the meaning specified in Section 5.1.1.
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AMI Term means (i) for all lands within the AMI, the term of this Agreement, plus (ii) for the Initial Interests and all Drilling Rights and/or AMI Interests jointly acquired by the PARTIES during the term of this Agreement, until June 1, 2014 (“AMI Extension”); provided, however, that, during the AMI Extension, the geographic area applicable to the rights and obligations of the PARTIES shall be limited, for purposes of Section II above, to each Governmental Section in which the jointly owned Initial Interests, Drilling Rights and/or AMI Interests are located and the AMI shall terminate at the end of the term of this Agreement as to all other lands not included within such Governmental Sections.
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AMI Term means the period following the Effective Date and continuing for a period of three (3) years thereafter;
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Examples of AMI Term in a sentence

  • During the AMI Term, if either Party acquires any Leases within the AMI (“AMI Leases”), the other Party shall have the right to acquire its share of such AMI Leases in accordance with the terms and conditions hereof.

  • If either Party (or any of its affiliates) (any such party, an “Acquiring Party”), acquires or agrees to acquire any oil and gas interests within the AMI (“Acquired Interests”) during the AMI Term, such Acquiring Party shall offer the other Party (the “Non-Acquiring Party”) its AMI Share (as defined in Section 9.2) of the Acquired Interests.

  • All AMI Interests arising during or relating to the AMI Term shall be subject to this Agreement.

  • The period from the Effective Date to the expiration of the respective Party’s rights and obligations under the AMI, as applicable, shall be referred to as the “AMI Term.” Following expiration of the AMI Term as to each party, the AMI shall be contracted to only include any horizontal well that is drilled pursuant to this Agreement during the AMI Term and that is producing oil and/or natural gas in paying quantities, and then only to the Drillsite Spacing Unit which includes that well.

  • Within 60 days of the earlier to occur of the end of the AMI Term or Full Termination, Brigham shall reimburse Aspect for any part of the Initial Deposit xx xxx Subsequent Deposits which were not utilized to obtain Acquired Interests hereunder.

  • The terms of this Article X shall apply during the AMI Term to those matters between the parties relating to leased areas of the Farmout Area other than those earned by FARMEE as drilling occurs pursuant to Article II.

  • Development Name: Edisto Lake Apartments (“Development”)Location: Lee CountyDeveloper/Principal: Edisto Group Limited (“Owner”); Edisto Development Group, Inc.(“Developer”)Set-Aside: 20% @ 40% AMI and 80%@ 60% AMI; Term: 50 yearsNumber of Units: 376Allocated Amount: SAIL $ 2,822,781Demographics: FamilyHousing Credits: $1,688,643Notes: HC 95L-006Servicer: First Housing Development Corp.

  • The term of the AMI shall be for a period of three (3) years from the date hereof, unless extended by mutual consent of both parties in writing making express reference to this Agreement and the AMI ("AMI Term").

  • Development Name: Homestead Colony (“Development”)Location: Miami-Dade CountyDeveloper/Principal: Homestead Colony Limited Partnership (“Developer”)Set-Aside: 40 % @ 50% AMI and 60% @ 60% AMI; Term: 30 yearsNumber of Units: 312Allocated Amount: HOME$1,500,000Demographics: FamilyHousing Credits: $ 1,634,208Notes: HC 94L-003/93L-058Servicer: First Housing Development Corp.

  • In return for Aspect funding the above-described AVO costs, Brigham shall interpret the resulting AVO data and, subject to the xxxxxxctions that have been imposed by the seismic contractor or other party licensing the seismic data to Brigham, Brigham shall immediately share the results of such interxxxxxxxxx xxxx Xspect during the AMI Term.


More Definitions of AMI Term

AMI Term shall have the meaning set forth in Article XI.
Sample 1
AMI Term means a period of three years commencing on the Execution Date.
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AMI Term means the three (3) year period immediately following the Effective Date.
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AMI Term shall have the meaning assigned to it in Section 2.1(b).
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Related to AMI Term

  • Initial Term has the meaning set forth in Section 7.1.

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Research Term has the meaning set forth in Section 3.2.

  • Collaboration Term has the meaning set forth in Section 2.1(h).

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Agreement Term has the meaning set forth in Section 11.1.

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;

  • Renewal Term has the meaning set out in Section 9.1.

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Additional Term means that term commencing on the last day of the Basic Term and terminating one (1) year thereafter.

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • Research Program Term has the meaning set forth in Section 2.2.

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Extension Term means the time period defined in §2.C.

  • Mediation Period shall have the meaning set forth in Section 10.2.

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • License Term means the duration of a License as specified in the Order.

  • Research Period means the research period as described in the Commissioned Research Plan. In accordance with the provisions of this Agreement, in the event that the Agreement ended prior to the completion date of the research originally set, the date the Agreement ends shall be read as the research period.

  • Non-Compete Term means in the case of termination for any reason, the period from the Effective Date to the date ending 2 years following the date of termination.

  • (ii) the term barter’ means the exchange

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

  • First Extension Period means the period of one (1) Contract Year commencing immediately after the conclusion of the Initial Exploration Period.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Evaluation Period bears the meaning ascribed thereto in Section 7.4(d)(i);