Gas Proceeds definition

Gas Proceeds means the aggregate proceeds received by Buyer from its first of Month baseload sales at the relevant Near Market Point to Buyer’s customers, including third parties and Affiliates of Buyer.
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Gas Proceeds means, for any Quarterly Period, an amount equal to the product of the Purchase Price for such Quarterly Period multiplied by the total quantity of Seller’s Gas (in Mcf’s) delivered and purchased in such Quarterly Period.
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Gas Proceeds shall be defined as all UNIOIL's share, pursuant to the GPA, of the proceeds derived from the sale of natural gas and natural gas liquids produced and saved from and attributable to the working interest of UNIOIL in and to the Programs Leases, net of (i) royalties; and (ii) ad valorem and severance taxes. "Crude Oil Proceeds" shall be defined as all of UNIOIL's share, pursuant to the Crude Contract, of the proceeds derived from the sale of crude oil and/or condensate produced and saved, or to be produced and saved, from and attributable to the working interest of UNIOIL, in and to the Program Leases, net of (i) royalties; and (ii) ad valorem and severance taxes.
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Examples of Gas Proceeds in a sentence

  • The amount payable to Seller under this Agreement for any Month will be adjusted by an amount, determined for each Delivery Point, obtained by subtracting (i) the Replacement Gas Proceeds from (ii) the Replacement Gas Acquisition Cost (the “Replacement Gas Adjustment”).

  • Within two (2) business days following receipt by the Borrower, on or after the date hereof, of net funds from (i) the Funding Program, (ii) an Asset Sale, or (iii) Oil and Gas Proceeds; the Borrower shall provide written notice to the holders of the Bridge Loan Notes with respect to the receipt of such funds.

  • If the payment is made on the basis of the Borrowers' Gross Oil and Gas Proceeds, such payment shall be applied first to principal and accrued interest then due under the Senior Note, then to accrued interest under the Subordinate Note, and then to the principal then due under the Subordinate Note.

  • Payments will be the greater amount of (a) accrued interest; or (b) fifty-one percent (51%) of Borrowers' Gross Oil and Gas Proceeds for the immediately preceding month.

  • As full consideration for the gas and all its components delivered to Buyer each Month, Buyer shall pay Seller (a) ninety percent (90%) of the Residue Gas Proceeds as determined under Paragraph 4.2 below from the sale of Residue Gas Allocated to Seller, and (b) ninety percent (90%) of the NGL Proceeds determined under Paragraph 4.3 below from the sale of any NGL's Allocable to Seller.

  • Upon request from NCP-SBG, the Company will provide NCP-SBG with a Stockholder List.

  • Seller represents to Purchaser that it is the owner of an undivided interest in the Mortgaged Property, and has the authority and power to make this ▇▇▇▇ of Sale to Purchaser of five percent (5%) of the Gross Oil and Gas Proceeds (the “Contractual Rights”) derived and produced from Seller’s Mineral Interests in the Property.

  • For example, the payment due on July 15, 2007, if based upon Borrowers' Gross Oil and Gas Proceeds, would be determined based upon production which occurred and expenses which were incurred during the month of April 2007.

  • In selecting the Market Hub, Buyer will consider various commercial elements that affect the Gas Proceeds, including but not limited to the availability of transportation capacity to the relevant Market Hub and the transportation costs to deliver the Residue Gas to the various Market Hubs.

  • Lender agrees to accept payments of interest only (and not payments based upon Borrowers’ Gross Oil and Gas Proceeds) through December 30, 2007.


More Definitions of Gas Proceeds

Gas Proceeds has the meaning provided in Section 8.2.
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