We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Earning Event definition

Earning Event means the occurrence of all of (i), (ii) and (iii), below:
Sample 1
Earning Event means the occurrence of all of (i), (ii) and (iii), below: (i) a Commitment Well or, as the case may be, a Substitute Well, has been drilled to the Objective Depth; (ii) such well has been Completed (which Completion, upon the mutual consent of the Parties, may be at a depth shallower than the Objective Depth) or, upon mutual consent of the Parties, plugged and abandoned pursuant to Section 4.01(a) or Section 4.01(d) of this Agreement with the drilling rig without attempting a Completion; and (iii) Approach has paid all costs and expenses attributable to such Commitment Well.
Sample 1

Examples of Earning Event in a sentence

  • With respect to any Obligation Well, an "Earning Event" shall occur at such time as such Obligation Well is completed as a well capable of producing oil and/or gas in paying quantities or, if based upon logs and other data pertaining to such Obligation Well, Farmee determines (in Farmee's sole and reasonable judgment) that an attempt to complete such Obligation Well as a commercial producer would not be prudent or economical, then at such time as such Obligation Well is plugged and abandoned by Farmee.

  • Notwithstanding the creation of a pooled unit larger than 160 acres with respect to an Initial Commitment Well, INVESTOR will only earn a Drilling Unit for each Initial Commitment Well drilled and Completed (or, upon the mutual written consent of the Parties, plugged and abandoned) until the occurrence of the Final Earning Event.

  • Notwithstanding the creation of a pooled unit larger than 160 acres with respect to a Commitment Well, Approach will only earn a Drilling Unit for each Commitment Well drilled and Completed (or, upon the mutual consent of the Parties, plugged and abandoned) until the occurrence of the final Earning Event.

  • Following the Final Earning Event, EnCana may elect to become operator of the Commitment Wxxxx, any subsequent wxxxx drilled under the JOA and for all the Leases by providing written notice to Approach of such election within 30 days of the Final Earning Event.

  • Ideally, all vehicles representing each of the technologies evaluated in this analysis would have identical engine characteristics, exhaust treatment, and would use the same fuel.

  • All of the costs of both the abandoned well and the Substitute Well must be paid by INVESTOR in the manner required by Section 4.01 in order for an Earning Event to occur with respect to the applicable Drilling Unit.

  • Within 30 days of the occurrence of the Earning Event with respect to the last of the Commitment Wxxxx (the “Final Earning Event”), EnCana will assign Approach, in addition to Approach’s proportionate share of the last Drilling Unit, its proportionate share of the remaining Leases not yet assigned to Approach.

  • All of the costs of both the abandoned well and the Substitute Well must be paid by Approach in order for an Earning Event to occur with respect to the applicable Drilling Unit.

  • In the event EnCana does not provide such a notice to Approach within 30 days of the Final Earning Event, Approach Operating shall be the operator for the Commitment Wxxxx, any subsequent wxxxx drilled under the JOA and for all the Leases.

  • If the aggregate amount of delay rentals, shut-in royalties, and lease extensions that may be required or permitted under the terms of the Leases prior to the date of a Withdrawal Notice, if any, or the Final Earning Event is less than the amount of the Lease Rental Deposit, EnCana shall, at Approach’s option, either remit such excess amount to Approach or hold such amount for application towards the payment of Approach’s 50% share of such future payments.

Related to Earning Event

  • Vesting Event means the earliest to occur of the following events:

  • Training Event means either a Course or Online Training, or both.

  • Sporting event means any of the following athletic activities that is organized, operated, managed, or sponsored by the School:

  • Qualifying Event means, during the Participant’s Services with the Company and its Affiliates, the Participant’s death or Disability.

  • Disqualifying Event has the meaning specified in the definition of Eligible Currency.

  • Disabling Event means the General Partner ceasing to be the general partner of the Partnership pursuant to Section 17-402 of the Act.

  • Sharing Event means (a) the occurrence of any Event of Default under Section 7.1(e), (b) the declaration of the termination of any Commitment, or the acceleration of the maturity of any Loans, in each case in accordance with Section 7.2 or (iii) the failure of any Borrower to pay any principal of, or interest on, any Loans or any LOC Obligations on the Maturity Date.

  • Rating Event means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (a) the occurrence of a Change of Control and (b) public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control; provided that a Rating Event will not be deemed to have occurred in respect of a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm or inform the Trustee in writing at the request of the Company that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the Change of Control (whether or not the applicable Change of Control has occurred at the time of the Rating Event).

  • Terminating Event means any of the following events:

  • Accounting Event means the receipt by the Issuer of an opinion of an Authorized Public Accountant in Finland (reputable and experienced in such matters) to the effect that, as a result of a change in the applicable accounting standards or interpretation thereof, the equity treatment of the Capital Notes as “equity” in full in the Issuer’s consolidated financial statements has or will cease.

  • Liquidating Event has the meaning set forth in Section 13.1.

  • Delaying Event means any failure of a Party to perform any of its obligations set forth in this Agreement, caused in whole or in part by: 2.63.1 the failure of the other Party to perform any of its obligations set forth in this Agreement, including but not limited to a Party’s failure to provide the other Party with accurate and complete Service Orders; 2.63.2 any delay, act or failure to act by the other Party or its End User, agent or subcontractor; or 2.63.3 any Force Majeure Event.

  • De-listing Event means the situation where (i) the shares in the Issuer are not listed and admitted to trading on a Regulated Market or (ii) trading in the shares in the Issuer on the relevant Regulated Market is suspended for a period of fifteen (15) consecutive Business Days.

  • Triggering Event means any Section 11(a)(ii) Event or any Section 13 Event.

  • Company Triggering Event shall be deemed to have occurred if: (a) the Company shall have made a Company Board Adverse Recommendation Change; (b) the Company Board or any committee thereof shall have publicly approved, endorsed or recommended any Acquisition Proposal; or (c) the Company shall have entered into any letter of intent or similar document relating to any Acquisition Proposal in violation of the terms of the Agreement.

  • Liquidity Event means a Change of Control or an IPO.

  • Financing Event means the earlier of (i) a public offering by the Company of its Common Stock with aggregate gross proceeds of at least $5 million; or (ii) the listing of the Company’s Common Stock on a National Securities Exchange, as such term is defined under the Exchange Act.

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Restructuring Event means the occurrence of any one or more of the following events:

  • Potential Adjustment Event means any of the following:

  • Capital Disqualification Event has the meaning specified in Section 1.1 of the Indenture.

  • Put Event means the occurrence of:

  • A "CHANGE IN CONTROL means an Ownership Change Event or a series of related Ownership Change Events (collectively, the "TRANSACTION") wherein the stockholders of the Company immediately before the Transaction do not retain immediately after the Transaction, in substantially the same proportions as their ownership of shares of the Company's voting stock immediately before the Transaction, direct or indirect beneficial ownership of more than fifty percent (50%) of the total combined voting power of the outstanding voting stock of the Company or the corporation or corporations to which the assets of the Company were transferred (the "TRANSFEREE CORPORATION(S)"), as the case may be. For purposes of the preceding sentence, indirect beneficial ownership shall include, without limitation, an interest resulting from ownership of the voting stock of one or more corporations which, as a result of the Transaction, own the Company or the Transferee Corporation(s), as the case may be, either directly or through one or more subsidiary corporations. The Board shall have the right to determine whether multiple sales or exchanges of the voting stock of the Company or multiple Ownership Change Events are related, and its determination shall be final, binding and conclusive.

  • Change in Control Transaction means the occurrence of any of the following events:

  • Qualifying Change in Control means the date on which there occurs a Change in Control that also qualifies as: (i) a change in the ownership of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(v) of the Treasury Regulations, (ii) a change in the effective control of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(vi) of the Treasury Regulations, or (iii) a change in the ownership of a substantial portion of the assets of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(vii) of the Treasury Regulations.

  • Initial Triggering Event means any of the following events or transactions occurring after the date hereof:

Most Referenced Clauses

Most Referenced Definitions