Drilling Carry Period definition

Drilling Carry Period has the meaning set forth in Section 3.1(a).
Sample 1Sample 2Sample 3
Drilling Carry Period means the period from and including the Execution Date until the Drilling Carry Termination Date.
Sample 1

Examples of Drilling Carry Period in a sentence

  • Except as permitted by Section 11.2 of the Purchase Agreement, for the purpose of maintaining uniformity of ownership in the AMI as among the Parties, from and after the expiration of the Drilling Carry Period, no Party shall Transfer any portion of its Joint Interests unless such Transfer covers the entirety of such Party’s Joint Interests, or an undivided percentage of such Party’s Joint Interests.

  • After the Drilling Carry Period, in making any such encumbrance, the party providing financing to Atlas or any of its Affiliates shall not be required to comply with the provisions of Article VII of this Agreement, but shall otherwise be required to include provisions substantially similar to the provisions set forth in Section 13.19(b) of this Agreement.

  • If the Drilling Carry Period extends beyond the Initial Development Period, then Atlas shall issue a revised Multi-Year Plan applicable for the remainder of the Drilling Carry Period; provided the revised Multi-Year Plan shall provide a maximum number of 300 gross xxxxx to be drilled in respect of the Joint Interests during any Calendar Year.

  • During the Drilling Carry Period, no Party shall be entitled to make any non-consent or similar election under any Applicable Operating Agreement; provided, however, that, for any Calendar Year that is an Excess Cost Year, each Party shall be entitled to make any non-consent or similar election under any Applicable Operating Agreement; provided further, that Reliance shall not be entitled to make any non-consent or similar election during any Excess Cost Year with respect to more than 200 xxxxx.

  • During the Drilling Carry Period, Gastar shall have the exclusive right to propose and conduct all operations with respect to the Joint Interests, except as otherwise provided for in Third Party XXXx; provided that such operations shall be consistent with the then applicable Budget.

  • During the Drilling Carry Period, Participant may not elect to be a Non-Consenting Party and shall provide its consent, if Gastar so requests, in each case with respect to any operation proposed under a JOA if the operation is consistent with the then applicable Budget.

  • When acting as Development Operator as provided above, during the Drilling Carry Period, Reliance will drill no more than the number of xxxxx set forth in the applicable Annual Work Plan and Budget for the relevant portion of the acreage.

  • The IDC cost paid by Xxxxxxxx Appalachia and allocated to Xxx during the Drilling Carry Period in the aggregate shall not exceed 50% of the IDC costs credited against the Drilling Carry Obligation.

Related to Drilling Carry Period

  • 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.

  • 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.

  • Plant Test Date or "PTD" means the date acceptance testing is performed with CLEC. "Point of Interface", "Point of Interconnection," or "POI" is a demarcation between the networks of two (2) LECs (including a LEC and CLEC). The POI is that point where the exchange of traffic takes place.

  • Ramp Period The Ramp Period begins on the Effective Date and ends after three (3) full months. At all times during the Ramp period, Customer will receive the rates, discounts, charges and credits in the agreement and will not be subject to an AVC. Annual Volume Commitment (“AVC”): Customer agrees to pay Company no less than $2,836,000 in Total Service Charges in each twelve-month period during the Initial Term (“Contract Year”), which is the Annual Volume Commitment (“AVC”).

  • Recovery Period means the three completed fiscal years immediately preceding the date that the Company is required to prepare the accounting restatement described in this Policy, all as determined pursuant to Rule 10D-1, and any transition period of less than nine months that is within or immediately following such three fiscal years.

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

  • Discovery Period means the period of time specified in Extension 4.4, immediately following the termination of this policy during which written notice may be given to the insurer of any claim first made against the insured during such period of time for any wrongful act occurring prior to the end of the policy period and otherwise covered by this policy.

  • Clean-Up Period has the meaning specified in Section 8.02(b).

  • Scheduled Black-Out Period means the period from and including the last day of a fiscal quarter of the Company to and including the business day after the day on which the Company publicly releases its earnings for such fiscal quarter.

  • Operational Period means the Certificate’s actual term of validity, beginning with the start of the Validity Period and ending on the earlier of: (i) the end of the Validity Period disclosed in the Certificate; or (ii) the revocation of the Certificate.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Commissioning Period has the meaning set forth in Attachment T.

  • Acquisition Period means the period ending five (5) business days prior to

  • Issuer Call Commencement Date means the first Business Day following the three year period from and including the Issue Date;

  • Start-up period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.

  • Billing Commencement Date means the earlier of:

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • SOFR IndexStart means the SOFR Index value on the date that is the number of U.S. Government Securities Business Days specified in the relevant Final Terms preceding the first date of the relevant Interest Accrual Period (a "SOFR Index Determination Date").

  • Net metering period means the 12-month period following the date of final interconnection of the

  • Interim Period has the meaning specified in Section 6.1.

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);

  • Contract Transition Period means the 90 day transition as defined in Section F of this Contract.

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.