Decommissioning Security Agreement definition

Decommissioning Security Agreement means an agreement between the Designated Authority and the Contractor as mentioned in sub-Article 4.15;
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Decommissioning Security Agreement means the Decommissioning Security Agreement approved by the Ministry or Designated Authority, as the case may be, under a Petroleum Agreement;
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Decommissioning Security Agreement means an agreement between the Designated Authority and the Contractor as mentioned in sub-Article 4.13;
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Examples of Decommissioning Security Agreement in a sentence

  • First Oil’s 32.8 % share of Anglia field decommissioning costs are ring fenced under the Anglia Field Decommissioning Security Agreement.

  • Capex, acquisitions and other needs will be financed by cash and a selection of various financing sources.Pertra has in connection with SPA with Talisman entered into a Decommissioning Security Agreement (DSA).

  • Group Company 2021£’000 The restricted cash primarily relates to amounts held in trust as security for future decommissioning liabilities under a standard Decommissioning Security Agreement (DSA) covering the Athena asset being £6,471,000 (2020: £5,714,000).The Directors consider that the carrying amount of these assets approximates to their fair value.

  • Gains and losses relating to loan relationships are taxed according to how they are reflected in accounts.Amounts arising on loan relationships are taxed under Part 5, Chapter 3, CTA 2009 and it is possible that taxable loan relationship credits might arise where a company makes a payment into a Decommissioning Security Agreement (DSA) trust fund to meet future decommissioning costs.

  • Furthermore, we learned that the most common approach for an assignor to safeguard himself from the alternative liability is to stipulate a Decommissioning Security Agreement as an attachment to the purchase agreement.

  • During the year, £1.8 million was transferred into security deposit account to meet the requirement of SBRF Decommissioning Security Agreement.

  • Furthermore, we have found that the Decommissioning Security Agreement (DSA) puts strict requirements upon the quality and rating of the banks that can stand as guarantor of the security for the alternative liability.

  • Decommissioning security agreement (DSA)What is a DSA?A Decommissioning Security Agreement is a contractual agreement between parties to agree the total value and apportioned shares of decommissioning liability.

  • To deal with this extensive liability, the industry has developed Decommissioning Security Agreement (“DSA”), whereby each participant agrees to deposit cash or, normally, another type of security, such as letters of credit, into a trust.

  • If any Participant (“Defaulting Participant”) fails to pay in full its share of any Invoice or Advance by the due date in accordance with paragraph 4.4 or paragraph 4.6 of the Accounting Procedure or is in Default (as such term is defined in the Decommissioning Security Agreement) the Operator shall as soon as practicable give notice to all the Participants of such default and the date of its commencement (a “Default Notice”).


More Definitions of Decommissioning Security Agreement

Decommissioning Security Agreement means an agreement between the PETRONATIL and the Contractor as mentioned in Section 5.15;
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Decommissioning Security Agreement means the Decommissioning Security
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Decommissioning Security Agreement means the Decommissioning Security Agreement approved by the Ministry under a Petroleum Agreement;
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Decommissioning Security Agreement means the Decommissioning Security Agreement referred to in clause 26.3 as it may be amended from time to time.
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Related to Decommissioning Security Agreement

  • Interconnection Agreement means the interconnection agreement entered into by Seller pursuant to which the Facility will be interconnected with the Transmission System, and pursuant to which Seller’s Interconnection Facilities and any other Interconnection Facilities will be constructed, operated and maintained during the Contract Term.

  • Generation Interconnection Feasibility Study means a study conducted by the Transmission Provider (in coordination with the affected Transmission Owner(s)) in accordance with Tariff, Part IV, section 36.

  • Privatization contract or “contract” means an agreement or

  • Generation Interconnection Facilities Study means a Facilities Study related to a Generation Interconnection Request.

  • CMPPA Agreement means the CMPPA Agreement between the SSA and CHHS.

  • Contract Amendment means a written document signed by the Procurement Officer that is issued for the purpose of making changes in the Contract.

  • Construction Service Agreement means either an Interconnection Construction Service Agreement or an Upgrade Construction Service Agreement.

  • Interconnection Construction Service Agreement means the agreement entered into by an Interconnection Customer, Interconnected Transmission Owner and the Transmission Provider pursuant to Tariff, Part VI, Subpart B and in the form set forth in Tariff, Attachment P, relating to construction of Attachment Facilities, Network Upgrades, and/or Local Upgrades and coordination of the construction and interconnection of an associated Customer Facility. A separate Interconnection Construction Service Agreement will be executed with each Transmission Owner that is responsible for construction of any Attachment Facilities, Network Upgrades, or Local Upgrades associated with interconnection of a Customer Facility.

  • Construction Agreement means the proposed building agreement between the Company and a proposed builder substantially in the form of the draft agreement a copy of which has been signed on behalf of the Authority and the Company for the purposes of identification;