Farmin Interest definition

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 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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Examples of Farmin Interest in a sentence

  • The Farmee agrees to participate and pay for its Farmin Interest share of the costs of drilling the Earning Well to Contract Depth and, subject to the provisions herein set forth, its Farmin Interest share of the costs of the Completion, Capping or Abandonment of the Earning Well.

  • The Farmee shall have fifteen (15) days from receipt of the Operator's notice to drill the substitute well to elect whether or not it wishes to participate in the substitute well as to its Farmin Interest.

  • Farmee will pay a cash call advance to Farmor of one hundred and ten percent (110%) of its Farmin Interest share of the costs shown on the Xxxxxxxx AFE as well as the estimated costs of the blowout insurance, both of which are to be received by Farmor six (6) days before the drilling rig begins to move.

  • The cost of the blow out insurance is in addition to the costs shown on the Xxxxxxxx AFE and the Farmee agrees to pay its Farmin Interest share of such costs.

  • 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 Farmee shall, provided that it elects to participate in the Completion and Equipping of the Earning Well, be responsible to pay its Farmin Interest share of all subsequent authorities for expenditure and costs which relate to the Completion and Equipping of the Earning Well.

  • The Farmee shall, provided that it elects to participate in the Completion and quipping of the Earning Well, be responsible to pay its Farmin Interest share of all subsequent authorities for expenditure and costs which relate to the Completion and Equipping of the Earning Well.

  • Century or its designee shall pay one-hundred percent (100%) of the prospect fee and lease acquisition costs attributable to the Farm-in Interest and one-hundred percent (100%) of the drilling costs attributable to the Farm-out Interest to the casing point on the initial well drilled within the Prospect AMI.

  • If TechXplore elects not to participate, or fails to make an election in the allotted time period, for such twenty-five percent (25%) of the Farm-in Interest in the Prospect at the casing point, Century or its designee shall earn one-hundred percent (100%) of Farm-in Interest in the Prospect AMI.

  • By funding these costs, Century or its designee shall earn a working interest in the Prospect AMI equal to seventy-five percent (75%) of the Farm-in Interest in the Prospect AMI.


More Definitions of Farmin Interest

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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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 the 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 employers engaged in the same industry or members of an Oklahoma trade association that has been in business for at least five (5) years.

  • 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 interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • 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 the person, or persons making the claim, including their designated representative as provided for herein, and any person or persons who might be required to act or against whom action might be taken in order to resolve the grievance.

  • 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;

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

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

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

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