Approved Development Activities definition

Approved Development Activities means drilling, geological and geophysical investigations and evaluations and related activities on the Borrowing Base Properties, the Mortgaged Properties and/or Development Properties substantially in accordance with the Approved Budget (i) in order to bring into production Proven Reserves which the Lender has included in its determination of the Borrowing Base, and (ii) in order to further explore and/or develop the Mortgaged Properties and the Development Properties not otherwise included in the Borrowing Base, in each case as approved by the Lender.
Approved Development Activities means the Borrowers' program of additional development drilling, workover or recompletion work or any other Capital Expenditures on the Mortgaged Properties, in each case as the Agent may approve in the Approved Development Plan.
Approved Development Activities means, subject to prudent industry standards, drilling, geological and geophysical investigations and evaluations and related activities on the Oil and Gas Properties, substantially in accordance with the Approved Capital and Operating Budget (i) in order to bring into production proven reserves and other reserves which are included in the determination of the Borrowing Base, and (ii) in order to further explore and/or develop the Hydrocarbons not otherwise included in the Borrowing Base, in each case as approved by the Administrative Agent.

Examples of Approved Development Activities in a sentence

  • The Borrower will not permit the ratio of (i) aggregate consolidated current assets (including any amounts available hereunder not dedicated to Approved Development Activities) to (ii) aggregate consolidated current liabilities (excluding current maturities of the Notes) to be less than 1.0 to 1.0 at any time.

  • Certain Approved Development Activities have been approved in the Initial Approved Capital Budget; depending upon the success of these initial Approved Development Activities, Agent may approve additional Approved Development Activities, in an Approved Capital Budget or otherwise.

  • Certain Approved Development Activities have been approved in the initial Approved Capital and Operating Budget; depending upon the success of these initial Approved Development Activities, Required Lenders may approve additional Approved Development Activities, in an Approved Capital and Operating Budget or otherwise.

  • The Borrower shall use all Loans solely to (i) acquire Oil and Gas Properties not included in the Approved Capital and Operating Budget with the approval of the Lenders, (ii) finance Approved Development Activities regarding the development of the Borrower’s Oil and Gas Properties, and (iii) provide working capital and for other general corporate purposes, in each case in accordance with the Approved Capital and Operating Budget.

  • All nuts and bolts are used to secure the TFT to the booth countertop shall be stainless steel.


More Definitions of Approved Development Activities

Approved Development Activities means drilling, geological and geophysical investigations and evaluations and related activities on the Collateral Value Properties, the Mortgaged Properties and/or Development Properties, substantially in accordance with the Approved Capital and Operating Budget (i) in order to bring into production Proven Reserves which are included in the determination of the Collateral Value, and (ii) in order to further explore and/or develop the Mortgaged Properties and the Development Properties not otherwise included in the Collateral Value, in each case as approved by the Administrative Agent. Certain Approved Development Activities have been approved in the initial Approved Capital and Operating Budget; depending upon the success of these initial Approved Development Activities, the Administrative Agent may approve additional Approved Development Activities, in an Approved Capital and Operating Budget or otherwise.
Approved Development Activities means, subject to prudent industry standards, drilling, geological and geophysical investigations and evaluations and related activities on the Phase I Oil and Gas Properties, in accordance with Schedule 6.12 (as revised from time to time pursuant to Section 6.01(c) to reflect the acceleration of expenditures for, or other changes to, Value Enhancing CapEx as may be approved by the Administrative Agent), (i) in order to bring into production Proved Reserves and other reserves, and (ii) in order to further explore and/or develop the Hydrocarbons. Certain Approved Development Activities have been approved in the initial Schedule 6.12; depending upon the success of these initial Approved Development Activities, Administrative Agent may approve the acceleration of expenditures for, or other changes to, Value Enhancing CapEx, in an updated Schedule 6.12 delivered to and approved by the Administrative Agent pursuant to Section 6.01(c).

Related to Approved Development Activities

  • Development Activities means those activities which are normally undertaken for the development, construction, repair, renovation, rehabilitation or conversion of buildings for residential purposes, including the acquisition of property;

  • Development Activity means any activity defined as Development which will necessitate a Floodplain Development Permit. This includes buildings, structures, and non-structural items, including (but not limited to) fill, bulkheads, piers, pools, docks, landings, ramps, and erosion control/stabilization measures.

  • Economic activities shall in principle include activities of an industrial, commercial and professional character and activities of craftsmen;

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:

  • Medical Affairs Activities means, with respect to any country or other jurisdiction in the Territory, the coordination of medical information requests and field based medical scientific liaisons with respect to Licensed Compounds or Licensed Products, including activities of medical scientific liaisons and the provision of medical information services with respect to a Licensed Compound or Licensed Product.

  • High Risk Activities means uses such as the operation of nuclear facilities, air traffic control, or life support systems, where the use or failure of the Services could lead to death, personal injury, or environmental damage.

  • Research and development facility means an establishment engaged in laboratory, scientific, or experimental testing and development related to new products, new uses for existing products, or improving existing products. The term does not include an establishment engaged in efficiency surveys, management studies, consumer surveys, economic surveys, advertising, promotion, banking, or research in connection with literary, historical, or similar projects.

  • Project Activities means the activities to be undertaken or Works to be delivered or Property to be contributed or provided by you, your approved Sub-Grantees or your approved sub- contractors as summarised in the Particulars and more particularly described in the Agreed Proposal for which Xxxxx is payable under this Agreement;

  • Development Program means the implementation of the development plan.

  • Development Plan has the meaning set forth in Section 3.2.

  • Commercialization or “Commercialize” means activities directed to marketing, promoting, research and development as required, manufacturing for sale, offering for sale, distributing, importing or selling a product, including sub-licensing or sub-contracting of these activities.

  • Development Work means any work carried out in relation to the physical construction of a mine;

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • licensed activities means things authorised to be done by the licence

  • Clinical Development means the conduct of clinical trials in humans to assess the dosing, safety and/or efficacy of the Product, including but not limited to Phase I Clinical Trials, Phase II Clinical Trials, Phase Ill Clinical Trials and Phase IV Clinical Trials.

  • Development Plans means a coherent set of operations defined and financed exclusively by the OCTs in the framework of their own policies and strategies of development, and those agreed upon between an OCT and the Member State to which it is linked;

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Motor Sport Activities means any motor sport activities or Recreational Services which are permitted or approved which CAMS regulates or administers by CAMS or otherwise under the responsibility / control of CAMS;

  • Development Area means that area to which a development plan is applicable.

  • Manufacturing operation means a process in which materials are changed, converted, or transformed into a different state or form from which they previously existed and includes refining materials, assembling parts, and preparing raw materials and parts by mixing, measuring, blending, or otherwise committing such materials or parts to the manufacturing process. "Manufacturing operation" does not include packaging.

  • Transit-oriented development means infrastructure improvements that are located within 1/2 mile of a transit station or transit-oriented facility that promotes transit ridership or passenger rail use as determined by the board and approved by the municipality in which it is located.

  • Collaborative drug therapy management means participation by an authorized pharmacist and a physician in the management of drug therapy pursuant to a written community practice protocol or a written hospital practice protocol.

  • Commercial cannabis activity means the production, cultivation,

  • Research Budget has the meaning set forth in Section 2.2.

  • Power production activities means any business operation that involves a project commissioned by the government of Iran whose purpose is to facilitate power generation and delivery, including, but not limited to, establishing power-generating plants or hydroelectric dams, selling or installing components for the project, providing service contracts related to the installation or maintenance of the project, as well as facilitating such activities, including by providing supplies or services in support of such activities.

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