Langsa TAC definition

Langsa TAC means the East Aceh Offshore - Langsa (EAO-Langsa) Technical Assistance Contract dated 15th of May, 1997.
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Examples of Langsa TAC in a sentence

  • On the closing date the following shall take place: · Fulucai shall wire $918,568 to BSL; · BSL shall send a copy of the MOU to Pertamina; · BSL shall execute an assignment for 15% of Langsa TAC.

  • On Closing Fulucai shall be assigned 15% of Langsa TAC including its proportionate share of the Cost Pool ($9,185,684 US) plus all ▇▇▇▇▇ producing and non-producing (L1, L2, L3, L4, H3, H4) and all equipment on the subject ▇▇▇▇▇.

  • Fulucai shall relinquish all its interest upon expiry of the Langsa TAC in June 2017, excepting that should Fulucai desire to participate in costs associated for Concession extension, then it must notify BSL no later than January 1, 2016.

  • Fulucai shall pay $918,568 US as consideration to acquire 15% of Langsa TAC.

  • As of the Effective date, Fulucai shall receive its 15% of production income and pay its 15% of the operating and overhead costs for Langsa TAC operations including FPSO charter costs and direct fuel costs.

  • Fulucai retains an option to relinquish its rights, interests and obligations in Langsa TAC by notifying BSL in writing.

  • Fulucai may form a single purpose vehicle (“SPV”) or wholly owned subsidiary for holding this interest in Langsa TAC.

Related to Langsa TAC

  • Leasehold Interests means all of each Loan Party’s right, title and interest in and to, and as lessee of, the premises identified as leased Real Property on Schedule 4.4 hereto.

  • Leaseholds of any Person means all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Forest land means all land which is capable of supporting a merchantable stand of timber and is not being actively used for a use which is incompatible with timber growing. Forest land does not include agricultural land that is or was enrolled in the conservation reserve enhancement program by contract if such agricultural land was historically used for agricultural purposes and the landowner intends to continue to use the land for agricultural purposes in the future. For small forest landowner road maintenance and abandonment planning only, the term "forest land" excludes the following: