Initial Engineering Reports definition

Initial Engineering Reports means, collectively, an Independent Engineering Report dated as of June 30, 2007 and the St. Mary's Engineering Report, covering the Proven Reserves of the Loan Parties (after giving pro forma effect to the Closing Date Acquisition) and otherwise in form acceptable to the Administrative Agent.
Sample 1Sample 2Sample 3
Initial Engineering Reports means, (a) the engineering report concerning oil and gas properties of Borrower and its Subsidiaries (excluding the Merger Subsidiary) dated as of December 31, 2005, prepared by Netherland Xxxxxx and Associates, Inc. and (b) the engineering report concerning oil and gas properties comprising the Acquisition Properties dated as of October 1, 2005, prepared by Netherland Xxxxxx and Associates, Inc.
Sample 1
Initial Engineering Reports means the engineering report concerning the Oil and Gas Properties of Borrower located in the state of Louisiana dated April 1, 1992, prepared by Ryder Scott as of January 1, 1992, and the engineering report concerning the Oil and Gas Properties of Borrower located in states other than Louisiana dated March 23, 1992, prepared by Anderman/Smith Operating Company as of December 31, 1991, true and correct copies of which have been delivered to the Agent.
Sample 1

Examples of Initial Engineering Reports in a sentence

  • All information contained in the Initial Engineering Reports is true and correct in all material respects as of the date thereof and as of the date of the first Loan hereunder.

  • The ownership of such Properties does not in the aggregate in any material respect obligate such Loan Party to bear the costs and expenses relating to the maintenance, development and operations of such Properties in an amount materially in excess of the working interest of such Properties set forth in the Initial Engineering Reports.

  • The ownership of such Properties shall not in the aggregate in any material respect obligate such Restricted Person to bear the costs and expenses relating to the maintenance, development and operations of such Properties in an amount materially in excess of the working interest of such Properties set forth in the Initial Engineering Reports.

  • Borrower has heretofore delivered to each Lender Party true, correct and complete copies of the Initial Engineering Reports.

  • The ownership of such properties does not in the aggregate in any material respect obligate Borrower or any of its Subsidiaries consolidated financial statements provided to Administrative Agent as owned by Borrower and its Subsidiaries to bear the costs and expenses relating to the maintenance, development and operations of such properties in an amount materially in excess of the working interest of such properties set forth in the Initial Engineering Reports.

  • To Borrower's knowledge, the Initial Engineering Reports, as of their dates, were based upon complete and accurate factual information in all material respects, it being understood that the Initial Engineering Reports are necessarily based upon professional opinions, estimates and projections and that Borrower does not warrant that such opinions, estimates and projections will ultimately prove to have been accurate.

  • The Initial Engineering Reports are based upon the working and net revenue interests of the Loan Parties in the Borrowing Base Properties which are identified in SCHEDULE 5.10 and represent an estimate of the value of the Proved Reserves of the Borrowing Base Properties.

  • Other than Liens permitted under Section 7.2 and other Dispositions permitted by Section 7.6, each Loan Party and each of its respective Subsidiaries owns in the aggregate, in all material respects, the net interests in production attributable to the xxxxx and units evaluated in the Initial Engineering Reports.

  • No Loan Party is aware of any misstatement of fact in the statement of assumptions underlying the preparation of the Initial Engineering Reports.

  • The ownership of such Properties does not in the aggregate in any material respect obligate such Loan Party or Subsidiary to bear the costs and expenses relating to the maintenance, development and operations of such Properties in an amount materially in excess of the working interest of such Properties set forth in the Initial Engineering Reports, except as a result of the acquisition of a proportionate net revenue interest.


More Definitions of Initial Engineering Reports

Initial Engineering Reports means: (a) the report dated as of January 1, 2003, covering some of the Borrowing Base Properties, prepared by R. E. Xxxxx Associates, Inc., and (b) the report dated as of January 1, 2003, covering some of the Borrowing Base Properties, prepared by Xxxxx Xxxxxxxx & Company, Inc., copies of which have been furnished by Borrower to USB.
Sample 1
Initial Engineering Reports means, collectively, (i) the engineering report concerning certain Oil and Gas Interests of the Loan Parties prepared by Huddleston & Co., Inc. as of December 31, 1995, and (ii) the engineerxxx xxxxxx concerning certain Oil and Gas Interests of the Loan Parties prepared by the personnel of Borrower as of June 30, 1996.
Sample 1
Initial Engineering Reports means the engineering report concerning the Oil and Gas Properties of Borrower located in the state of Louisiana dated April 1, 1992, prepared by Xxxxx Xxxxx as of January 1, 1992, and the engineering report concerning the Oil and Gas Properties of Borrower located in states other than Louisiana dated March 23, 1992, prepared by Xxxxxxxx/Xxxxx Operating Company as of December 31, 1991, true and correct copies of which have been delivered to the Agent.
Sample 1

Related to Initial Engineering Reports

  • Initial Engineering Report means the engineering report concerning Oil and Gas Properties of Loan Parties dated as of June 30, 2006 prepared by Netherland, Xxxxxx & Associates and XxXxxxxx & XxxXxxxxxxx.

  • Engineering Reports has the meaning assigned such term in Section 2.07(c)(i).

  • Engineering Report means either an Independent Engineering Report or an Internal Engineering Report.

  • Independent Engineering Report means a report, in form and substance satisfactory to the Administrative Agent and each of the Lenders, prepared by an Independent Engineer, addressed to the Administrative Agent and the Lenders with respect to the Oil and Gas Properties owned by the Borrower or its Subsidiaries (or to be acquired by the Borrower or any of its Subsidiaries, as applicable) which are or are to be included in the Borrowing Base, which report shall (a) specify the location, quantity, and type of the estimated Proven Reserves attributable to such Oil and Gas Properties, (b) contain a projection of the rate of production of such Oil and Gas Properties, (c) contain an estimate of the net operating revenues to be derived from the production and sale of Hydrocarbons from such Proven Reserves based on product price and cost escalation assumptions specified by the Administrative Agent and the Lenders, and (d) contain such other information as is customarily obtained from and provided in such reports or is otherwise reasonably requested by the Administrative Agent or any Lender.

  • Progress Reports The Progress Reports as required by the individual Task Work Orders issued pursuant to this Agreement. Responsible: Responsible or Responsibility means the financial ability, legal capacity, integrity and past performance of Contractor and as such terms have been interpreted relative to public procurements. See NYS Finance Law § 163(1)(c).

  • external engineering service means an engineering service situated outside the boundaries of a land area and that is necessary to serve the use and development of the land area;

  • Reserve Report means a report, in form and substance reasonably satisfactory to the Administrative Agent, setting forth, on the dates required in Section 8.12 (or such other date in the event of an Interim Redetermination) the oil and gas reserves attributable to the Oil and Gas Properties of the Credit Parties, together with a projection of the rate of production and future net income, taxes, operating expenses and capital expenditures with respect thereto as of such date, based upon the pricing assumptions consistent with the Administrative Agent’s lending requirements at the time.

  • Benchmarking Report means the report produced by the Supplier following the Benchmark Review and as further described in this Framework Schedule 7;

  • Annual Projections is defined in Section 6.2(a).

  • SOS Reports means the official reports from the Secretaries of State of each Collateral State, the state where Borrower’s chief executive office is located, the state of Borrower’s formation and other applicable federal, state or local government offices identifying all current security interests filed in the Collateral and Liens of record as of the date of such report.

  • Engineering control means the use of substitution, isolation, ventilation, and equipment modification to reduce exposure to SARS-CoV-2 virus and COVID-19 disease related workplace hazards and job tasks.

  • Geotechnical engineer means a professional engineer registered with the Association of Professional Engineers, Geologists, and Geophysicists of the Northwest Territories and whose principal field of specialization is the design and construction of earthworks in a permafrost environment;

  • Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;

  • Phase I Report means, with respect to any Facility, a report that (i) conforms to the ASTM Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process, E 1527, (ii) was conducted no more than six months prior to the date such report is required to be delivered hereunder, by one or more environmental consulting firms reasonably satisfactory to Administrative Agent, (iii) includes an assessment of asbestos-containing materials at such Facility, (iv) is accompanied by (a) an estimate of the reasonable worst-case cost of investigating and remediating any Hazardous Materials Activity identified in the Phase I Report as giving rise to an actual or potential material violation of any Environmental Law or as presenting a material risk of giving rise to a material Environmental Claim, and (b) a current compliance audit setting forth an assessment of Holdings’, its Subsidiaries’ and such Facility’s current and past compliance with Environmental Laws and an estimate of the cost of rectifying any non-compliance with current Environmental Laws identified therein and the cost of compliance with reasonably anticipated future Environmental Laws identified therein.

  • Annual Statement of Compliance As defined in Section 3.13.

  • Base Case Projections means the initial forecast for the Project prepared as of the Effective Date using the Base Case Financial Model.

  • Safeguards Monitoring Report means each report prepared and submitted by the Borrower to ADB that describes progress with implementation of and compliance with the EMP and the RP (as applicable), including any corrective and preventative actions;

  • Development Report means a written account of Licensee’s progress under the Development Plan having at least the information specified on Appendix B to this Agreement, and shall be sent to the address specified on Appendix B.

  • Receiving report means the data required by the clause at 252.246-7000, Material Inspection and Receiving Report.

  • Good Engineering Practice means, Works carried out in accordance with the following standards/ specifications,

  • Annual Accountant’s Report is defined in Section 3.04(a) of the Servicing Agreement.

  • Initial Reserve Report means the report prepared by or under the supervision of the chief engineer of the Borrower with respect to certain Oil and Gas Properties of the Borrower and its Restricted Subsidiaries as of December 31, 2018.

  • Accountants’ Report means the report of a firm of nationally recognized Independent Accountants described in Section 4.11.

  • Initial Environmental Examination or “IEE” means the initial environmental examination for the Project, including any update thereto, prepared and submitted by the Borrower and cleared by ADB;

  • Progress Report means the report similar in form and content to that attached hereto as Appendix III.