Development Unit means the maximum area of a pool which may be drained efficiently and economically by one well.
Development Unit means a structure or a portion of a structure or a particular use of property that is listed on Exhibit “A”.
Development Unit means the larger of a) the Drilling Unit or b) the unit voluntarily pooled, for the drilling of a single well.
Examples of Development Unit in a sentence
If oil and/or gas is found in paying quantities upon completion of such well(s), this Lease, only insofar as it affects land included within the said Development Unit or Drilling Unit, shall continue and be in force with like effect as if such well or xxxxx had been completed within the primary term first set forth in paragraph B(2).
Notwithstanding anything to the contrary herein contained, actual drilling operations on or production from a Development Unit or units established under the provisions of J(7) shall maintain this Lease in force beyond the primary or extended term only as to land included in such unit or units.
More Definitions of Development Unit
Development Unit is defined on Exhibit "C" to this Agreement. Moreover, only the opening of a new Burger King Restaurant in one of the forms set forth on Exhibit "C" hereto will be applied against the Developer's obligations under this Article III. The purchase of existing Burger King Restaurants will not count against the Developer's development obligations under this Article III.
Development Unit is defined on Exhibit B to this Agreement. Moreover, only the opening of a new Burger King restaurant in one of the forms set forth on Exhibit B hereto will be applied against the Developer's obligations under this Article III. No more than four (4) Burger King Kiosk Restaurants (as that term is defined in Exhibit B hereto) can be developed and opened for business during any single Development year of the Development Schedule for purposes of meeting Developers development obligations under this Article III.
Development Unit means (1) the Player having the following Serial Number
Development Unit means a dwelling unit, for Residential Development, or square foot of building floor area, for Non-Residential Development.
Development Unit means a residential dwelling unit or defined equivalent for nonresidential uses;
Development Unit means the measurement unit used to determine the size of a development project for purposes of calculating the SCTDF