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Approved AFE definition

Approved AFE means an AFE approved by the Operating Committee pursuant to Section 3.2(g) or deemed approved under Section 3.7(c).
Sample 1Sample 2
Approved AFE means the AFE's for each well in the Drilling Program (as herein defined) which are approved by Bank prior to the Effective Date.
Sample 1
Approved AFE means the AFE approved by the Borrower and the Manager and dated March 12, 2008 setting forth $470,416,641.00 as the amount of all projected payments of Project Costs to construct the Vessel through the Construction Completion Date, as certified by the Borrower and provided to the Administrative Agent and the Technical and Environmental Consultant;
Sample 1

Examples of Approved AFE in a sentence

  • Contemporaneously with the execution of this Agreement, RIDGEWOOD agrees to execute and deliver to NEWFIELD a counterpart copy of the Approved AFE.

  • Casing Point shall be defined as that point in time when the ITW (or Substitute Well therefor) has reached its Objective Depth and all open hole logs and tests have been conducted in accordance with the Approved AFE.

  • RIDGEWOOD shall bear and pay thirty percent (30.0%) of the actual costs to drill and test the ITW to Casing Point ; however, if prior to reaching Casing Point the actual aggregate cost of the ITW, and any Substitute Well therefor, exceeds one hundred percent (100%) of the dry hole cost estimate provided for in the Approved AFE (“ Promote Cap”), RIDGEWOOD shall bear and pay fifteen percent (15%) of the actual costs to drill and test the ITW thereafter.

  • Operator shall promptly issue supplements to any Approved AFE that it reasonably anticipates will exceed the estimated expenditures thereunder by one hundred twenty percent (120%) of the budgeted amount subject to approval by Unanimous Consent of the Operating Committee.

  • Each AFE issued by the Operator to implement an Approved Operation shall be deemed an Approved AFE in accordance with Section 3.2(c) and each Party shall consent to such Approved AFEs under any applicable Operating Agreement.

  • Figure 5 details operations performed using this mechanism.Figure 5(a) shows the creation of a federation representing a new bank, performed by its central office; this operation implies that the central office’s delivery manager sends a notification to all the federation directories using the adequate topic.

  • The Administrative Agent shall have received a copy of the Approved AFE and the Master Construction Schedule, each certified as true and complete by an Authorized Officer of the Borrower, which shall be reviewed and approved by the Technical and Environmental Consultant on behalf of the Administrative Agent.

  • Each purchase order for work, services or materials included in an Approved AFE or included within the Pre-Approved Expenditures shall be considered a “Purchase Order”.

  • If Lender elects to approve the expenditures set forth in an AFE (an “Approved AFE”), Lender shall so notify Verenium by adding such Approved AFE to the Annex attached hereto as Exhibit A (the “Annex”) and delivering a copy thereof to Verenium.

  • Following receipt by Lender of invoices from contractors, vendors, suppliers or other providers relating to Approved AFEs and the related Purchase Orders, if the expenditures set forth in such invoices are consistent with the expenditures previously approved by Lender under an Approved AFE and the related Purchase Order, Lender shall promptly pay the amounts contained in such invoices directly to the applicable contractors, vendors, suppliers or providers to whom such payments are due and payable.


More Definitions of Approved AFE

Approved AFE means an AFE approved by the Operating Committee pursuant to
Sample 1

Related to Approved AFE

  • Approved Amount means the amount that the dentist has agreed to accept as full payment for treatment.

  • Approved Auditor means a person who is:

  • Approved Valuer means a firm of valuers recognized as such by the Income Tax Department and having experience of valuing at least 5 (five) properties exceeding Rs. 100 cr. (Rupees one hundred crore) each in value;

  • Approved/Approval means the approval in writing.

  • Approved Appraiser means any of the following: Xxxxx Xxxxxxxx Xxxxxx, Xxxxx, H Xxxxxxxx & Co. Ltd., London, X.X. Xxxxxx Shipbrokers, Norway, or Fearnley AS, Norway.

  • Approved Vendor means a person who has been approved for inclusion on an

  • Approved Location means (a) a storage terminal or facility located in the United States or Canada owned by the Borrower or a Subsidiary; or (b) other storage location located in the United States or Canada identified by the Borrower by notice to the Administrative Agent for which, if requested by the Administrative Agent, the Borrower has used commercially reasonable efforts to cause the owner, operator or landlord thereof to execute and deliver, a waiver of lien, subordination agreement or similar agreement in form and substance reasonably acceptable to the Administrative Agent with respect to any inventories of Petroleum Products stored at such terminal or facility.

  • Approved Annual Budget shall have the meaning set forth in Section 5.1.11(d) hereof.

  • Approved activity means an event, a tour, or a meeting:

  • Approved Appraisal Firm Each of the following firms: Xxxxxxxx Xxxxx, Inc., Duff & Xxxxxx LLC, Lincoln Advisors, Xxxxxx, Xxxxxx and Company and Valuation Research Corporation and (b) each Independent financial adviser of recognized standing retained by the Issuer, the Collateral Manager or the agent or lenders under any Collateral Obligation, as approved by the Collateral Manager.

  • Approved Source means Cisco or a Cisco authorized reseller, distributor or systems integrator.

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • approved assessor means a person accredited by the management unit established by the Commonwealth under the supported wage system to perform assessments of an individual’s productive capacity within the supported wage system

  • Approved Device means a device described in Subsection 20A-21-201(4) used to

  • Cannabis testing facility means an entity registered by

  • Approved List means Securities followed by the Global Fundamental Research Group and tracked on the Approved List. Securities may be added, removed, or undergo periodic ratings changes.

  • Approved purchasing system means a Contractor’s purchasing system that has been reviewed and approved in accordance with Part 44 of the Federal Acquisition Regulation (FAR)

  • Approved Contractor means an “Approved Contractor” specified in the Key Details.

  • Approved program or approved State means a State administered NPDES program which has been approved or authorized by EPA under 40 CFR Part 123.

  • Approved Replacement means, with respect to a Market Quotation, an entity making such Market Quotation, which entity would satisfy conditions (a), (b), (c) and (d) of the definition of Permitted Transfer (as determined by Party B in its sole discretion, acting in a commercially reasonable manner) if such entity were a Transferee, as defined in the definition of Permitted Transfer.

  • Approved Flag State means the Republic of Xxxxxxxx Islands or any other country in which the Agent may with the authorisation of all the Lenders, approve that a Ship be registered;

  • Approved Manager means, in relation to each Ship, Allseas Marine S.A., a corporation organised and existing under the laws of the Republic of Liberia, having its registered office at 00 Xxxxx Xxxxxx, Xxxxxxxx, Xxxxxxx and maintaining a ship management office at 00, Xxxxxxxxx Xxxxxx, 000 00 Xxxxx, Xxxxxx or any other company which the Agent may, with the authorisation of the Majority Lenders, approve from time to time as the technical and/or commercial manager of a Ship;

  • Approved Valuation Firm means, with respect to any Collateral Obligation, any valuation firm either (a) specified on the related Asset Approval Request and approved on the related Approval Notice or Reinvestment Request or (b) otherwise approved in writing by the Administrative Agent in its reasonable discretion.

  • Approved Third-Party Appraiser means each of (a) Xxxxxx, Xxxxxx & Co., (b) Xxxxxxxx Xxxxx Xxxxxx & Xxxxx Inc., (c) Lincoln International LLC (formerly known as Lincoln Partners LLC), (d) Duff & Xxxxxx Corporation, (e) Valuation Research Corporation, (f) Xxxxxxx & Xxxxxx, (g) Xxxxxx Xxxxxxxxx and (h) any other third party appraiser selected by the Borrower in its reasonable discretion.

  • Approved Flag means the Xxxxxxxx Islands flag, the Liberian flag, the Panama flag or any other flag which the Agent may approve as the flag on which a Ship may be registered;

  • Marijuana testing facility means an entity licensed to analyze and certify the safety and potency of marijuana.

Most Referenced Clauses

Most Referenced Definitions