Interim Resource Payment definition

Interim Resource Payment has the meaning set forth in the Total Sale Agreement.
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Interim Resource Payment has the meaning given in Schedule 4 – Part 4.
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Interim Resource Payment shall comprise a variable amount based on the Interest portion of PRL 15 2C Resource calculated by using the rates below for the relevant resource tranches:
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Examples of Interim Resource Payment in a sentence

  • To integrate this knowledge, we assign a weight for each possible range of the event.

  • During the six months ended June 30, 2016, similar adjustments totaling $32.8 million were recognised for changes in the cash flow timing of the Interim Resource Payment from June 2016 to March 2017, resulting in a total adjustment of $36.6 million recognized in the income statement during the nine months ended September 30, 2016.The Company has recognized $33.3 million as a result of unwinding the discount on the receivable as interest income during the nine months ended September 30, 2016.

  • The income from car parking was a year-end budget deficit of £258k which comprises: Income from the car parks: £194k below budget PCN income: £64k below budget.At the end of Q4 income from car parks of £3.145m is £140k lower than this time last year, which is 4.3%.

  • The Public Health Act defines “health facilities” and expressly includes boarding homes.

  • The Interim Resource Payment, as defined under the revised sale and purchase agreement with Total, due to the Company following the interim certification has been calculated to be $593,887,429 based on a resource estimate of 7.10 Tcfe.

  • In addition, this receivable has been reduced by $2.9 million during the quarter ended March 31, 2016, which represents the carry received from Total for development activities undertaken over PRL 15, which is to be offset against the Interim Resource Payment when due.

  • The Interim Resource Payment, as defined under the Total SSA, due to the Company following the interim certification has been calculated to be $593,887,429 based on a resource estimate of 7.10 Tcfe.

  • The date on which that notification is given is the “Trigger Date” in relation to the Interim Resource Payment.

  • However, during June 2015, the Company adjusted the expected cash flow timing of the Interim Resource Payment from December 2015 to June 2016 to accommodate the drilling of Antelope-4 and Antelope-6.

  • However, during the quarter ended June 30, 2016, the Company adjusted the expected cash flow timing of the Interim Resource Payment from September 2016 to March 2017 to accommodate the drilling of Antelope-7, which was approved during the quarter by the PRL15 Joint Venture.


More Definitions of Interim Resource Payment

Interim Resource Payment has the meaning given to such term in the Sale and Purchase Agreement.
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Related to Interim Resource Payment

  • Eligible Renewable Energy Resource or “ERR” has the meaning set forth in California Public Utilities Code Section 399.12 and California Public Resources Code Section 25741, as either code provision is amended or supplemented from time to time.

  • Renewable energy project means (A) a project

  • Interim Payment has the meaning specified in Section 10.1.

  • Cogeneration unit means a unit that is able to operate in cogeneration mode;

  • Energy Payment The amount that Company will pay Seller for electric energy delivered to Company in accordance with the terms and conditions of this Agreement on a monthly basis as set forth in Attachment J (Company Payments for Energy, Dispatchability and Availability of XXXX) to this Agreement.

  • Public water supply system means a system for the provision to the public of piped water for human consumption, if the system has at least fifteen service connections or regularly serves at least twenty-five individuals. The term includes any source of water and any collection, treatment, storage, and distribution facilities under control of the operator of the system and used primarily in connection with the system, and any collection or pretreatment storage facilities not under such control which are used primarily in connection with the system.

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.