Full Share of Current Production definition

Full Share of Current Production means the Percentage Interest of each Party in the Gas actually produced from the Balancing Area during each month.
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Full Share of Current Production means the respective shares of Contractor and Government in the Natural Gas actually produced from the Balancing Area during each month, as ultimately determined by the Parties pursuant to the terms of the Contract. Where the Government has elected the Joint Facilities Option under Section 2.1(b), the Government's Full Share of Current Production in a month is equal to the total quantity of Government Natural Gas produced in that month. Where the Government has elected the Percentage Delivery Option under Section 2.1(e), the Government's Full Share of Current Production in a month is the selected percentage of the Maximum Monthly Availability for that month. Where the Government has elected the Fixed Volume Delivery
Sample 1
Full Share of Current Production means the respective shares of Contractor and Government in the Natural Gas actually produced from the Balancing Area during each month, as ultimately determined by the Parties pursuant to the terms of the Contract. Where the Government has elected the Joint Facilities Option under Section 2.1(b), the Government's Full Share of Current Production in a month is equal to the total quantity of Government Natural Gas produced in that month. Where the Government has elected the Percentage Delivery Option under Section 2.1(e), the Government's Full Share of Current Production in a month is the selected percentage of the Maximum Monthly Availability for that month. Where the Government has elected the Fixed Volume Delivery Option under Section 2.1(f), the Government's Full Share of Current Production in a month is the selected volume for that month.
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Examples of Full Share of Current Production in a sentence

  • In no event will an Overproduced Party be required to provide more than thirty-seven and one-half percent (37.5%) of its Full Share of Current Production for Makeup Gas.

  • In no event will an Overproduced Party be required to provide more than twenty-five percent (25%) of its Full Share of Current Production for Makeup Gas.

  • Option 2) Notwithstanding the provisions of Section 4.1, no Overproduced Party will be required to provide more than percent ( %) of its Full Share of Current Production for Makeup Gas during the Winter Period.

  • In no event will an Overproduced Party be required to provide more than thirty percent (30%) of its Full Share of Current Production for Makeup Gas.

  • In no event will an Overproduced Party be required to provide more than fifty percent (50%) of its Full Share of Current Production for Makeup gas.

  • Each Party shall pay or cause to be paid all Royalty due with respect to Royalty owners to whom it is accountable as if such Party were taking its Full Share of Current Production, and only its Full Share of Current Production.

  • In no event will an Overproduced Party be required to provide more than Fifty percent ( 50% ) of its Full Share of Current Production for Makeup Gas.

  • In no event will an Overproduced Party be required to provide more than percent ( % ) of its Full Share of Current Production for Makeup Gas.

Related to Full Share of Current Production

  • non-current assets means all assets other than current assets

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  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31, except that the first Calendar Year of the Term shall commence on the Effective Date and end on December 31 of the year in which the Effective Date occurs and the last Calendar Year of the Term shall commence on January 1 of the year in which the Term ends and end on the last day of the Term.

  • Net Sales means [***].

  • Rate of Gross Profit means the gross profit earned expressed as a percentage of the turnover during the period between the date of the commencement of the business and the date of the incident.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Net Current Assets means for any date of determination the net current assets of such Person at such date of determination calculated as set forth on Exhibit H attached hereto.

  • Formula Price means the highest of: (a) the highest composite daily closing price of the Stock during the period beginning on the 60th calendar day prior to the Change of Control and ending on the date of such Change of Control, (b) the highest gross price paid for the Stock during the same period of time, as reported in a report on Schedule 13D filed with the Securities and Exchange Commission, or (c) the highest gross price paid or to be paid for a share of Stock (whether by way of exchange, conversion, distribution upon merger, liquidation or otherwise) in any of the transactions set forth in Section 9 of the Plan as constituting a Change of Control; provided that in the case of the exercise of any such Right related to an Incentive Stock Option, “Formula Price” shall mean the Fair Market Value of the Stock at the time of such exercise.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Gas Year means the period of 365 or 366 Gas Days, as the case may be, beginning at October 1st at 06:00 hours (Belgian time) and ending at September 30th 06:00 hours (Belgian time) of the next year.

  • Consolidated Current Ratio means, as of any date of determination, the ratio of Consolidated Current Assets to Consolidated Current Liabilities as of such date.

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Pro Rata Annual Bonus means the amount of Annual Bonus, multiplied by a fraction, the numerator of which is the number of days in such year during which the Executive was actually employed by the Company (or its predecessor) and the denominator of which is 365.

  • Consolidated Current Assets means, as at any date of determination, the total assets of Company and its Subsidiaries on a consolidated basis which may properly be classified as current assets in conformity with GAAP, excluding Cash and Cash Equivalents.

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Non-working Day means any day upon which an employee, pursuant to the terms of the contract of employment, is not available to the employer for the purposes of rostering the ordinary hours of work.

  • Ordinary time earnings means the salary, wage or other remuneration regularly received by the employee in respect of the time worked in ordinary hours and shall include shift work penalties, payments which are made for the purpose of District or Location Allowances or any other rate paid for all purposes of the award to which the employee is entitled for ordinary hours of work. Provided that "ordinary time earnings" shall not include any payment which is for vehicle allowances, fares or travelling time allowances (including payments made for travelling related to distant work), commission or bonus.

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Average Annual Compensation shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

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  • Combination Product means any combination of the Product with one (1) or more other active ingredients, products or services that is not the Product, where such products are sold either as a fixed dose/unit or as separate doses/units in a single package for a single price.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA;

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  • Marihuana-infused product means a topical formulation, tincture, beverage, edible substance, or similar product containing marihuana and other ingredients and that is intended for human consumption.