Initial PA definition

Initial PA means the participating area (“PA”) formed for the Thomson Reservoir containing all or part of the leases listed in Area A on attached Exhibit C and contained in Area A of attached Exhibit D.
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Initial PA is the participation agreement between the parties executed October 29, 2009, and effective as of the Effective Date covering the Initial Leases.
Sample 1

Examples of Initial PA in a sentence

  • The Initial PA for the Thomson Reservoir shall be formed and is approved upon IPS Project Start-up effective the date of first production through the IPS Project with delivery into TAPS.

  • Such acreage shall remain in the Point Thomson Unit following formation of the Initial PA, and thereafter shall be subject to elimination from the Point Thomson Unit in accordance with the terms of the PTUA including applicable State law, including Section 2(e).

  • The Initial PA shall contain the leases listed as the Initial Participating Area on Exhibit C.

  • This Paragraph 4.3 describes how the Initial PA will be formed for the Point Thomson Unit.

  • If IPS Project Start-up has not occurred and the Initial PA has not been formed, but a Major Gas Sale is Sanctioned, such acreage shall remain in the Point Thomson Unit and shall be subject to elimination from the Point Thomson Unit in accordance with the terms of the PTUA including applicable State law, including Section 2(e), as if the Initial PA had been formed effective May 1, 2016.

  • At least ninety (90) days before the date of first production through the IPS Project, the Unit Operator shall submit documentation regarding the Initial PA as provided in Paragraph 4.4.5, including PA tract allocations for each lease in the PA which shall be set forth in a revision to Exhibit C.

  • The leases in the Initial PA, and the leases included in Area B, have been identified for inclusion in the Thomson Reservoir PA by the Parties for the purposes of this Agreement.

  • The Initial PA shall be the first participating area for the Point Thomson Unit.

  • This Initial PA Assignment is made without recourse but on the terms and subject to the conditions set forth in the Transaction Documents to which the Seller is a party.

  • The Seller acknowledges and agrees that Buyer is accepting this Initial PA Assignment in reliance on the representations, warranties and covenants of the Seller contained in the Transaction Documents to which the Seller is a party.

Related to Initial PA

  • Initial Payment means the dollar amount specified as the “Initial Payment” in the applicable Purchase Agreement.

  • Initial Bond Issue means the issuance of the Initial Bonds. "Initial Bonds" means the Bonds issued on the First Issue Date.

  • Initial Purchase Price has the meaning set forth in Section 2.1.

  • Initial Funding Date means the Funding Date on which the first Loan is made pursuant to this Agreement, as specified in the Initial Borrower Funding Request.

  • Initial Placement shall have the meaning set forth in the preamble hereto.

  • Initial Purchase Date means the date on which the first Purchase made pursuant to this Agreement shall occur.

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.

  • Initial Maturity Date means the earlier of (i) February 1, 2020 (the "Scheduled Initial Maturity Date"), and (ii) the date on which the unpaid principal balance of this Note becomes due and payable by acceleration or otherwise pursuant to the Loan Documents or the exercise by Lender of any right or remedy thereunder.

  • Initial Bonds means the Bonds issued on the First Issue Date.

  • Initial Purchase Agreement means the Purchase Agreement (including the related Blanket Endorsement, Initial Xxxx of Sale and any attachments thereto) substantially in the form of Attachment A hereto (of which these Master Terms form a part by reference), to be executed by VL Funding, the VL Funding Eligible Lender Trustee on behalf of VL Funding, Funding and the Interim Eligible Lender Trustee on behalf of Funding, which shall certify that the representations and warranties made by VL Funding as set forth in Sections 5(A) and (B) and by the Servicer as set forth in Section 5(C) of these Master Terms are true and correct as of the Closing Date.

  • Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit upon satisfaction of the conditions set forth in Sections 6.01 and 6.

  • Initial Prospectus Supplement means the prospectus supplement of the Company relating to the Securities, including the accompanying Base Prospectus, to be prepared and filed by the Company with the SEC pursuant to Rule 424(b)(5) under the Securities Act and in accordance with Section 5(a) hereof, together with all documents and information incorporated therein by reference.

  • Private Exchange Securities shall have the meaning set forth in Section 2.1 hereof.

  • Initial Subscription Term the initial term of Your Subscription as agreed in the Order which commences on the date of acceptance of the Order or as otherwise agreed to by the parties.

  • Voluntary placement agreement means, for the purposes of

  • Underwritten Securities shall include the Initial Underwritten Securities and all or any portion of the Option Securities agreed to be purchased by the Underwriters as provided herein, if any. The Terms Agreement, which shall be substantially in the form of Exhibit A hereto, may take the form of an exchange of any standard form of written telecommunication between you and the Company. Each offering of Underwritten Securities through you or through an underwriting syndicate managed by you will be governed by this Agreement, as supplemented by the applicable Terms Agreement.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Initial LLC Agreement has the meaning set forth in the recitals to this Agreement.

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;

  • Initial Bond means any Bond issued on the First Issue Date. “Initial Bond Issue” has the meaning set forth in Clause 2.1.

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.

  • Initial Filing Date means the date on which the Initial Registration Statement is filed with the SEC.

  • Initial Limited Partner has the meaning set forth in the Preamble.

  • Qualified Initial Public Offering means a public offering of the securities of Parent pursuant to an effective registration statement filed under the Securities Act, that is fully underwritten pursuant to a firm commitment contract and with respect to which the product of (a) the price to the public per share multiplied by (b) the aggregate number of offered shares will yield Net Offering Proceeds of at least $50,000,000.

  • Registration Filing Date means the date that is ninety (90) calendar days after the Effective Date.

  • Permitted Convertible Notes means any unsecured notes issued by the Company in accordance with the terms and conditions of Section 6.01 that are convertible into a fixed number (subject to customary anti-dilution adjustments, “make-whole” increases and other customary changes thereto) of shares of common stock of the Company (or other securities or property following a merger event or other change of the common stock of the Company), cash or any combination thereof (with the amount of such cash or such combination determined by reference to the market price of such common stock or such other securities); provided that, the Indebtedness thereunder must satisfy each of the following conditions: (i) both immediately prior to and after giving effect (including pro forma effect) thereto, no Default or Event of Default shall exist or result therefrom, (ii) such Indebtedness matures after, and does not require any scheduled amortization or other scheduled or otherwise required payments of principal prior to, and does not permit any Loan Party to elect optional redemption or optional acceleration that would be settled on a date prior to, the date that is six (6) months after the Maturity Date (it being understood that neither (x) any provision requiring an offer to purchase such Indebtedness as a result of change of control or other fundamental change (which change of control or other fundamental change, for the avoidance of doubt, constitutes a “Change of Control” hereunder), which purchase is settled on a date no earlier than the date twenty (20) Business Days following the occurrence of such change of control or other fundamental change nor (y) any early conversion of any Permitted Convertible Notes in accordance with the terms thereof, in either case, shall violate the foregoing restriction), (iii) such Indebtedness is not guaranteed by any Subsidiary of the Company other than the Subsidiary Borrowers or Subsidiary Guarantors (which guarantees, if such Indebtedness is subordinated, shall be expressly subordinated to the Secured Obligations on terms not less favorable to the Lenders than the subordination terms of such Subordinated Indebtedness), (iv) any cross-default or cross-acceleration event of default (each howsoever defined) provision contained therein that relates to indebtedness or other payment obligations of any Loan Party (such indebtedness or other payment obligations, a “Cross-Default Reference Obligation”) contains a cure period of at least thirty (30) calendar days (after written notice to the issuer of such Indebtedness by the trustee or to such issuer and such trustee by holders of at least 25% in aggregate principal amount of such Indebtedness then outstanding) before a default, event of default, acceleration or other event or condition under such Cross-Default Reference Obligation results in an event of default under such cross-default or cross-acceleration provision and (v) the terms, conditions and covenants of such Indebtedness must be customary for convertible Indebtedness of such type (as determined by the board of directors of the Company, or a committee thereof, in good faith).