Drilling Obligation Completion Date definition

Drilling Obligation Completion Date has the meaning given to such term in the Development Agreement.
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Drilling Obligation Completion Date has the meaning assigned to such term in the Development Agreement.
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Drilling Obligation Completion Date means the date that the Total Drilling Target is reached; provided that the “Drilling Obligation Completion Date” shall not be deemed to have been achieved unless XxxxXxxxx Parent shall have delivered to Trustee, within a reasonable time thereafter, (a) a certificate substantially in the form of Exhibit B to this Development Agreement, executed by its Chief Executive Officer, President or any Vice President, certifying that the Total Drilling Target was achieved as of such date and identifying each Development Well and (b) such other documentation as Trustee may reasonably request to establish satisfaction of XxxxXxxxx’x drilling obligation hereunder.
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Examples of Drilling Obligation Completion Date in a sentence

  • Assignor will not Transfer any Development Well or any of the Subject Interests comprising a part of the Subject Lands pursuant to Sections 11.01 and 11.02 prior to the Drilling Obligation Completion Date, and in the event of any attempted Transfer in violation of this Section 11.04, Assignor shall remain liable and a party hereto, just as if no Transfer attempt had been made, and Assignee shall continue to deal with Assignor to the exclusion of the purported transferee.

  • The document drew together the priorities identified in district Sustainable Community Strategies and other key sub regional, countywide and local plans.

  • This Development Agreement shall terminate and be deemed null and void as of and following the Drilling Obligation Completion Date.

  • After the Drilling Obligation Completion Date, Assignee shall, on request, execute, acknowledge and deliver to Assignor a recordable instrument (reasonably acceptable to Assignor) that reconveys to Assignor the Royalty Interest except with respect to all Subject Minerals in, under and that may be produced from any wellbore of any Development Well.

  • After the Drilling Obligation Completion Date, Assignee shall, on request, execute, acknowledge and deliver to Assignor, a recordable instrument (reasonably acceptable to Assignor) that reconveys to Assignor the Royalty Interest except with respect to all Subject Minerals in, under and that may be produced from any wellbore of any Development Well.

  • Assignor will not Transfer any Development Well or any of the Subject Interests pursuant to Sections 11.01 and 11.02 prior to the Drilling Obligation Completion Date, and in the event of any attempted Transfer in violation of this Section 11.05, Assignor shall remain liable and a party hereto, just as if no Transfer attempt had been made, and Assignee shall continue to deal with Assignor to the exclusion of the purported transferee.

  • Subsequent to the Drilling Obligation Completion Date, neither Assignor nor any of its Affiliates shall drill any Mineral well that will have a perforation or a stimulation site in the Target Formation that will be within six hundred sixty feet (660’) of any perforation or stimulation site of any Development Well which produces oil or gas from the Target Formation.

  • After the Drilling Obligation Completion Date, Assignee shall, on request, execute, acknowledge and deliver to Assignor a recordable instrument (reasonably acceptable to Assignor) that reconveys to Assignor the Royalty Interest except with respect to all Subject Minerals that may be produced from any wellbore of any Development Well.

  • Subsequent to the Drilling Obligation Completion Date, neither Assignor nor any of its Affiliates shall drill any Mineral well that will have a perforation or a stimulation site in the Target Formation that will be within six hundred sixty feet (660’) of any perforation or stimulation site of any Well which produces oil or gas from the Target Formation.

  • Subsequent to the Drilling Obligation Completion Date, neither Assignor nor any of its Affiliates shall drill any Gas well that will have a perforated segment that will be within five hundred feet (500’) of any perforated interval of any Well which produces oil or gas from the Target Formation.


More Definitions of Drilling Obligation Completion Date

Drilling Obligation Completion Date means March 31, 2008. -----------------------------------
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Drilling Obligation Completion Date means the date that the Total Drilling Target is achieved; provided that the “Drilling Obligation Completion Date” shall not be deemed to have been achieved until Chesapeake Parent shall have delivered to the Trustee a certificate substantially in the form of Exhibit B to this Development Agreement, executed by its Chief Executive Officer, President or any Vice President, certifying that the Total Drilling Target was achieved as of such date and identifying each Development Well, the Adjusted Development Well Amount for each Development Well and the Lateral Distance Factor and NRI Factor used to calculate the Adjusted Development Well Amount for each Development Well.
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Drilling Obligation Completion Date means March 31, 2008.
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Drilling Obligation Completion Date means the date that is the earlier of the date that the Total Drilling Target has been reached or March 31, 2013, as such date may be extended pursuant to Section 2.01(c); provided, however, that Assignor has delivered to the Trustee (a) a certificate executed by the President or any Vice President of Assignor certifying that Assignor’s drilling obligation was satisfied as of such date and (b) such other documentation as the Trustee may reasonably request to establish satisfaction of Assignor’s drilling obligation hereunder.
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Drilling Obligation Completion Date means _______________, 2009.
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Related to Drilling Obligation Completion Date

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Final Completion Date means the date on which Final Completion occurs.

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • COMPLETION TIME means the period by ‘date/month’ specified in the ‘Letter of Intent/Award’ or date mutually agreed upon for handing over of the intended scope of work, the erected equipment/plant which are found acceptable by the Engineer, being of required standard and conforming to the specifications of the Contract.

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Scheduled Completion Date shall be the date set forth in Clause 10.3;

  • Completion Deadline means the date by which the Arrangement is to be completed, which date shall be April 30, 2014 or such later date as may be agreed to in writing by the Parties;

  • Outside Completion Date shall have the meaning assigned to such term in Section 6.3(d).

  • Construction Completion means physical construction of a cleanup action component is complete.

  • Guaranteed Substantial Completion Date or “Guaranteed Substantial Completion Dates” has the meaning set forth in Section 5.3B.

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Construction Completion Certificate means a certificate of the I-Bank to the effect that the construction of the Project is complete.

  • Commercial Operation Date (COD) means the date certified by the DISCOM’s committee upon successful commissioning (as per provisions of the PPA) of the project when all equipments as per rated capacity have been installed and energy has flown into the grid.

  • Notice to Proceed (NTP) means the authorization issued by the CO to start performance on this Contract.

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • SWS wage assessment agreement means the document in the form required by the Department of Education, Employment and Workplace Relations that records the employee’s productive capacity and agreed wage rate

  • Completion Notice means a notice issued by the Developer in accordance with clause 6.1.

  • Testson Completion means the tests which are specified in the Contractor agreed by both Parties or instructed as a Variation, and which are carried out under Clause 9 [Tests on Completion] before the Works or a Section (as the case may be) are taken over by the Procuring Entity.

  • Final Completion Certificate has the meaning set forth in Section 11.6.

  • Drilling unit means the area fixed for the drilling of one well by order or rule of any state or federal body having authority. If a Drilling Unit is not fixed by any such rule or order, a Drilling Unit shall be the drilling unit as established by the pattern of drilling in the Contract Area unless fixed by express agreement of the Drilling Parties.