Management Production Forecast and Report definition

Management Production Forecast and Report means a report prepared by the Borrower in good faith based upon assumptions believed by the Borrower to be reasonable at the time, in form and substance reasonably satisfactory to the Administrative Agent (a) forecasting for the following 48 months projected monthly crude oil, natural gas and natural gas liquids production volumes, identified separately, from the Loan Parties’ Oil and Gas Properties for such period, and (b) reporting actual monthly crude oil, natural gas and, if available, natural gas liquids production volumes (adjusted for accounting accruals utilizing substantially the same methodology as that utilized in preparing the Parent MLP’s financial statements delivered pursuant to Sections 8.01(a) and 8.01(b)), identified separately, from the Loan Parties’ Oil and Gas Properties for the prior 12 months as adjusted, at the election of the Borrower, on a pro forma basis to account for Oil and Gas Properties acquired during such 12-month period.
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Management Production Forecast and Report means a report prepared by the Borrower in good faith based upon assumptions believed by the Borrower to be reasonable at the time, in form and substance reasonably satisfactory to the Administrative Agent (a) forecasting for the following 48 months projected monthly crude oil, natural gas and natural gas liquids production volumes, identified separately, from the Loan Parties’ Oil and Gas Properties for such period, and (b) reporting actual monthly crude oil, natural gas and, if available, natural gas liquids production volumes (adjusted for accounting accruals utilizing substantially the same methodology as that utilized in preparing the Parent MLP’s financial statements delivered pursuant to Sections 8.01(a) and 8.01(b)), identified separately, from the Loan Parties’ Oil and Gas Properties for the prior 12 months as adjusted, at the election of the Borrower, on a pro forma basis to account for Oil and Gas Properties acquired during such 12- month period.
Sample 1

Examples of Management Production Forecast and Report in a sentence

  • Borrower may, at any time (but not more than once in any month), deliver an updated Management Production Forecast and Report which shall replace the prior delivered Management Production Forecast and Report.

Related to Management Production Forecast and Report

  • Forecast GDP means the average forecast for British Columbia’s real GDP growth made by the Economic Forecast Council and as reported in the annual February budget of the government;

  • Project Management Report means each report prepared in accordance with Section 4.02 of this Agreement;

  • Interconnection Feasibility Study means either a Generation Interconnection Feasibility Study or Transmission Interconnection Feasibility Study.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Forecast has the meaning set forth in Section 4.1.

  • Gas Year means the period of 365 or 366 Gas Days, as the case may be, beginning at October 1st at 06:00 hours (Belgian time) and ending at September 30th 06:00 hours (Belgian time) of the next year.

  • financial service supplier means any natural or juridical person of a Party wishing to supply or supplying financial services but the term “financial service supplier” does not include a public entity;

  • Calibration gas means a gas mixture used to calibrate gas analysers.

  • Project Plan means the document to be developed by the Contractor and approved by Webel Technology Ltd., based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalized Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by Webel Technology Ltd. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Clinical evaluation means a systematic and planned process to continuously generate, collect, analyse and assess the clinical data pertaining to a device in order to verify the safety and performance, including clinical benefits, of the device when used as intended by the manufacturer;