Farmin Interest definition

Farmin Interest means four percent (4.000%) farmin cost interest Farmee has agreed to pay with respect to the drilling of the Earning Well.
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Farmin Interest means the SWR P2123 Farmin Interest and the Petro PL1/10 Farmin Interest and “Farmin Interests” means all of them as summarised in Schedule 3;
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Farmin Interest means all of RMMI and EBR's rights and interests pursuant to this Agreement to earn a beneficial interest in the Tenements;
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Examples of Farmin Interest in a sentence

  • Upon Polaris satisfying the Farm-in Obligations, the Joint Venture shall be established (Farm-in Date) and the Farm-in Interest will be transferred to Polaris.

  • Vintage may earn up to a 50% legal and beneficial interest in the License, by: expending the Initial Farm-in Obligation, ($450,000) to earn an Initial Farm in Interest of 25%; and (provided the Initial Farm-in Interest has been earned in full) expending the Subsequent Farm-in Obligation ($1,082,000) to earn the Subsequent Farm-in Interest of 25% (for an aggregate 50% interest).

  • At the date of this Circulating Resolution, the mortgage over ATP1087 which was created under the General Security Deed (entered into between, the Security Trustee, the Issuer and others dated 25 March 2019 (the “General Security Deed”)) has been released by the Security Trustee and this release has been recorded with the Queensland Government which will permit Santos to effect the transfer of the Farmin Interest.

  • Following the Farm-in Date, the Farm-in Interest will be transferred to Polaris.

  • On September 23, 2005 the Company acquired a 4% Farmin Interest in a well which is being drilled on a property in Alberta, Canada.

  • The Payment has been made subject to the Queensland Government registering the transfer of the Farmin Interest to Santos.

  • After Newcrest has acquired the Farm-in Interest Newcrest may elect to become the Manager.✚ Following Newcrest acquiring the Farm-In Interest, the parties may enter into a Joint Venture to jointly fund the future development of the Project in accordance with their equity position.✚ If Laneway elects not to fund the ongoing development of the Joint Venture after completion of the Farm-in period, its interest will be diluted through a mutually agreed formula.

  • The EPFI’s individual commitment (before syndication or sell down) is at least US$50 million.

  • If Okapi acquires the Farm-in Interest, Okapi must free carry Lithium Australia until completion of a definitive feasibility study.

  • This includes articulating concerns about the quality of all local school provision.Some local authorities have scaled back their involvement in provision to an absolute minimum, with many pursuing academisation as a strategy to help them do this.


More Definitions of Farmin Interest

Farmin Interest means two percent (2.000%) Farmin cost interest Farmee has agreed to pay with respect to the drilling of the Earning Well. “Farmout Lands” means the lands and leases more particularly described in Schedule “A” attached hereto.
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Farmin Interest means the Stage 1 Farmin Interest and Stage 2 Farmin Interest, as applicable.
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Related to Farmin Interest

  • Person in interest means the person who is the subject of a

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Common Interest means the limited liability company membership interest represented by the Common Units owned by a Common Member in the Company at any particular time, including the right of such Common Member to any and all benefits to which a Common Member may be entitled as provided in the Act, this Agreement, or otherwise, together with the obligations of such Common Member to comply with all terms and provisions of this Agreement and the Act.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • LLC Interest means a membership interest or similar interest in a limited liability company.

  • Separate property means all rights and interests in property of any kind, including contingent interests, owned by each party on the effective date of this agreement. The term "Separate Property", as used in this agreement, is further defined below.

  • State property means any building, land, or other real property owned, leased, or occupied by any department, agency, or instrumentality wholly owned by the State, unless, with respect to any building, land, or other real property leased or rented by the State, the lease or rental agreement shall prohibit the establishment of such vending facilities.

  • Asset Interest is defined in Section 2.1(b).

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Parties in interest The agreement herein set forth has been and is made solely for the benefit of the Underwriters, the Company (including the directors thereof and such of the officers thereof as shall have signed the Registration Statement), the controlling persons, if any, referred to in Section 8 hereof, and their respective successors, assigns, executors and administrators, and, except as expressly otherwise provided in Section 9 hereof, no other person shall acquire or have any right under or by the virtue of this Agreement. The Company acknowledges and agrees that in connection with all aspects of each transaction contemplated by this Agreement, the Company and the Underwriters have an arm’s length business relationship that creates no fiduciary duty on the part of any party and each expressly disclaims any fiduciary relationship.

  • Party in Interest means, as it relates to a system, any of the following:

  • Trust Interest means an account owner's interest in the trust created by a participating trust

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • registered interest means an international interest, a registrable non-consensual right or interest or a national interest specified in a notice of a national interest registered pursuant to Chapter V;

  • Transferred Interests has the meaning set forth in the Recitals.

  • Subject Interest has the meaning assigned to such term in the recitals.

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Purchased Interest means, at any time, the undivided percentage ownership interest of the Purchasers in: (a) each and every Pool Receivable now existing or hereafter arising, (b) all Related Security with respect to such Pool Receivables and (c) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security. Such undivided percentage ownership interest shall be computed as: