Internal Reserves Report definition

Internal Reserves Report means a report prepared by the Borrowers, certified by a Responsible Officer of the Borrowers, in form and substance satisfactory to the Technical Agent and the Majority Lenders, with respect to the Borrowing Base Assets. Without prejudice to the foregoing, the Internal Reserves Report shall (a) specify the location, quantity, and type of the Proved Reserves attributable to such Borrowing Base Assets, (b) contain a projection of the rate of production of such Borrowing Base Assets, (c) contain an estimate of the net operating revenues to be derived from the production and sale of Hydrocarbons from such Borrowing Base Assets based on product price (following applicable international standards) and cost escalation assumptions provided by the Technical Agent, (d) take into account any “over-produced” status under gas balancing arrangements then in effect, and (e) contain such other information as is customarily obtained from and provided in such reports or is otherwise reasonably requested by the Technical Agent.
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Internal Reserves Report means a report prepared by the Borrowers, certified by a Responsible Officer of the Borrowers and reviewed and approved by the Independent Reserves Engineer, in form and substance satisfactory to the Technical Agent and the Majority Lenders, with respect to the Hydrocarbon Interests in Turkey which are included in the Borrowing Base. Without prejudice to the foregoing, the Internal Reserves Report shall (a) specify the location, quantity, and type of the Proved Reserves attributable to such Hydrocarbon Interests, (b) contain a projection of the rate of production of such Hydrocarbon Interests, (c) contain an estimate of the net operating revenues to be derived from the production and sale of Hydrocarbons from such Proved Reserves based on product price and cost escalation assumptions provided by the Technical Agent, (d) take into account any “over-produced” status under gas balancing arrangements and (e) contain such other information as is customarily obtained from and provided in such reports or is otherwise reasonably requested by the Technical Agent.
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Internal Reserves Report means a report prepared by the Borrower and certified by a Responsible Officer of the Borrower, in form and substance satisfactory to the Administrative Agent and the Majority Lenders, with respect to the Oil and Gas Properties. Without prejudice to the foregoing, the Internal Engineering Report shall (a) specify the location and estimated quantity of the Proved Reserves attributable to such Oil and Gas Properties, (b) contain a projection of the rate of production of Hydrocarbons from such Oil and Gas Properties, (c) contain an estimate of the net operating revenues to be derived from the sale of Hydrocarbons from such Proved Reserves based on product price and cost escalation assumptions provided by the Administrative Agent, 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.
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Examples of Internal Reserves Report in a sentence

  • The Technical Agent shall make available such Internal Reserves Report to the Lenders promptly following receipt thereof.

  • The Borrowers shall deliver to the Technical Agent an Independent Reserves Report and Internal Reserves Report in accordance with Section 3.2(a).

  • Within forty five (45) days after June 30 in each year, commencing with June 30, 2014, the Borrowers shall deliver to the Technical Agent an Internal Reserves Report dated effective as of such June 30.

  • On the Closing Date, the Borrowers shall deliver to the Technical Agent and each Lender an Internal Reserves Report, effective as of a date no earlier than June 30, 2013, and an Independent Reserves Report, effective as of a date no earlier than December 31, 2013, from the Independent Reserves Engineer.

  • The Technical Agent and the Lenders shall have received an Internal Reserves Report, effective as of a date no earlier than June 30, 2013, and an Independent Reserves Report, effective as of a date no earlier than December 31, 2013, from the Independent Reserves Engineer, each in form and substance satisfactory to them, in respect of the Borrowing Base Assets, together with such other information as may be reasonably requested by them with respect to the Borrowing Base Assets.

  • Concurrently with the delivery of each Independent Reserves Report and Internal Reserves Report, the Borrowers shall also deliver to the Administrative Agent (with sufficient copies for each Lender) a Corporate Cashflow Projection effective as of the immediately upcoming Banking Case Date.

  • Within forty-five (45) days after June 30 in each year, commencing with June 30, 2010, the Borrowers shall deliver to the Technical Agent and the Independent Reserves Engineer an Internal Reserves Report dated effective as of such June 30, and such other information as may be reasonably requested by the Technical Agent, the Independent Reserves Engineer or any Lender with respect to the Hydrocarbon Interests included or to be included in the Borrowing Base.

  • Within thirty (30) days after the Technical Agent’s receipt of such Internal Reserves Report and other information and the completion of the Independent Reserves Engineer’s review of such Report and other information, the Technical Agent shall deliver to each Lender the Technical Agent’s and Independent Engineer’s recommendation for the redetermined Borrowing Base.

  • The Borrowers shall deliver to the Technical Agent an Internal Reserves Report in accordance with Section 3.2(b).

  • The Borrowers hereby undertake to ensure that the information contained in each Internal Reserves Report and any other information delivered in connection therewith is true and correct in all material respects.


More Definitions of Internal Reserves Report

Internal Reserves Report means a report prepared by the Borrowers, certified by a Responsible Officer of the Borrowers, in form and substance satisfactory to the Technical Agent and the Majority Lenders, with respect to the Borrowing Base Assets. Without prejudice to the foregoing, the Internal Reserves Report shall
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Related to Internal Reserves Report

  • NY Federal Reserve’s Website means the website of the NY Federal Reserve, currently at xxxx://xxx.xxxxxxxxxx.xxx, or any successor website of the NY Federal Reserve or the website of any successor administrator of the Secured Overnight Financing Rate.

  • 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.

  • MI Report means a report containing Management Information submitted to the Authority in accordance with Framework Schedule 8 (Management Information);

  • GLJ Report means the independent engineering reserves evaluation of certain oil, NGL and natural gas interests of the Company prepared by GLJ dated February 11, 2022 and effective December 31, 2021.

  • Audit Report means a report summarising the testing completed and the actions arising following an Audit;

  • Pick Up Report means the report detailing the number of sleeping rooms per day actually used out of the Program’s room block.

  • Financial Report means the annual financial report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities;

  • New York Federal Reserve’s Website means the website of the New York Federal Reserve, currently at http://www.newyorkfed.org, or any successor website of the New York Federal Reserve or the website of any successor administrator of SOFR.

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

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

  • ESDM Report means the Emission Summary and Dispersion Modelling Report prepared in accordance with the Procedure Document by Envision Compliance and dated July 3, 2007 submitted in support of the application, and includes any amendments to the ESDM Report listed in Schedule A and all up-dated ESDM Reports prepared as required by the Documentation Requirements conditions of this Certificate.

  • Auditor’s Report means the auditor’s report on the Financial Report; “AEDT” means Australian Eastern Daylight Standard Time.

  • Interim Report means a report identifying the contributions received and

  • MERS Report The report from the MERS System listing MERS Designated Mortgage Loans and other information.

  • Financial Reports means the Annual Financial Statements and the Interim Accounts.

  • Final Report means the report described as a final report in 14 RCW 42.17.080(2).

  • Section 404 Report means management’s report on “internal control over financial reporting” as defined by the SEC and the related attestation report of the independent certified public accountant as described in Section 3(A)(1).

  • CREFC® Reconciliation of Funds Report A monthly report substantially in the form of, and containing the information called for in, the downloadable form of the “Reconciliation of Funds Report” available as of the Closing Date on the CREFC® Website or in such other form for the presentation of such information and containing such additional information as may from time to time be recommended by the CREFC® for commercial mortgage-backed securities transactions generally; provided that, to the extent that such other form contemplates such additional information, such other form must be reasonably acceptable to the Certificate Administrator.

  • CREFC® Operating Statement Analysis Report The monthly report in the “Operating Statement Analysis Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Reserve Report means a report, in form and substance reasonably satisfactory to the Administrative Agent, setting forth, as of each January 1st or July 1st (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 Borrower and its Subsidiaries, 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 economic assumptions consistent with the Administrative Agent’s lending requirements at the time.

  • Audited financial report means and includes those items specified in Section 5 of this regulation.

  • Evaluation Report means a report on the evaluation of tenders prepared under CSO 12

  • Actuarial reserve means a method of financing a pension or

  • CREFC® Loan Level Reserve/LOC Report The monthly report in the “CREFC® Loan Level Reserve/LOC Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Consumer reporting agency means any person which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages, in whole or in part, in the practice of assembling or evaluating consumer credit information or other information on consumers for the purpose of furnishing consumer reports to third parties, and which uses any means or facility for the purpose of preparing or furnishing consumer reports.

  • Internal Revenue Service means the United States Internal Revenue Service.