Material Sales Contract definition

Material Sales Contract means, as of any date of determination, any agreement for the sale of Hydrocarbons from the Borrowing Base Properties to which the Borrower or any Restricted Subsidiary is a party if the aggregate volume of Hydrocarbons sold pursuant to such agreement during the twelve months immediately preceding such date equals or exceeds 10% of the aggregate volume of Hydrocarbons sold by the Borrower and the Restricted Subsidiaries, on a consolidated basis, from the Borrowing Base Properties during the twelve months immediately preceding such date.
Sample 1Sample 2Sample 3
Material Sales Contract means, as of any date of determination, any agreement for the sale of Hydrocarbons from the Borrowing Base Properties to which the Borrower, any Restricted Subsidiary or any Sponsored Partnership is a party if the aggregate volume of Hydrocarbons sold pursuant to such agreement during the twelve months immediately preceding such date equals or exceeds 15% of the aggregate volume of Hydrocarbons sold by the Borrower, the Restricted Subsidiaries and the Sponsored Partnerships, on a consolidated basis, from the Borrowing Base Properties during the twelve months immediately preceding such date.
Sample 1Sample 2Sample 3
Material Sales Contract means each sales contract entered into by the Parent, the Borrower or any other Restricted Subsidiary that provides for aggregate payments to the Parent, the Borrower or such other Restricted Subsidiary during any fiscal year of such party in excess of $7,500,000, after excluding payments over to third parties of payments due to them relating to the Hydrocarbon proceeds received under such sales contracts. To the extent, if any, that the Parent, the Borrower or a Restricted Subsidiary enters into any contract (other than a gathering, treating or processing contract) that requires such party to make payments during any fiscal year of such party in excess of $7,500,000 for Hydrocarbons purchased by such party under such contract, such contract will also be a “Material Sales Contract”.
Sample 1Sample 2Sample 3

Examples of Material Sales Contract in a sentence

  • No Credit Party is in default in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any Material Sales Contract to which it is a party, except where such default could not reasonably be expected to result in a Material Adverse Effect.

  • As soon as possible and in any event within fifteen (15) days after the execution thereof, copies of (i) any amendment to any Material Sales Contract to which the Borrower or any other Loan Party is a party, and (ii) any Material Sales Contract executed and delivered after the date hereof to which the Borrower or any of its Subsidiaries is a party.

  • No Credit Party is in default in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any Material Sales Contract to which it is a party.

  • Xx. Xxxxx Xx, an executive Director of the Company, is deemed to be interested in the Engineering Equipment Sales Contract, the Raw Material Sales Contract, the Sales Framework Agreement and the Equipment Leasing Framework Agreement and therefore has abstained from voting at the relevant Board meeting on resolutions in respect of the Engineering Equipment Sales Contract, the Raw Material Sales Contract, the Sales Framework Agreement and the Equipment Leasing Framework Agreement.

  • Accordingly, Jiangsu Offshore is a connected person of the Company, and the transactions under the Engineering Equipment Sales Contract, the Raw Material Sales Contract, the Sales Framework Agreement and the Equipment Leasing Framework Agreement constitute connected transactions of the Company under Chapter 14A of the Listing Rules.

  • Torrey Pines Drive Las Vegas, Nevada 89130Serial Number: N- 96263 and N-96140BLM Project Lead: Lorri Dee DukesApplicant: Capstone Christian SchoolTitle: Capstone Mineral Material Contract and Capstone Free Use PermitType of Project: Mineral Material Sales Contract (Split-Estate)Location of Proposed Action (general and legal description): Pittman Detention Basin off St. Rose Highway, east of the M Resort.Mount Diablo Meridian, NevadaT.


More Definitions of Material Sales Contract

Material Sales Contract means (i) any sales contracts set forth on Schedule 7.23 and (ii) each sales contract entered into by a Relevant Party (a) that provides for aggregate payments to such Relevant Party during any twelve (12) month period in excess of $10,000,000 after excluding payments over to third parties of their shares of the Hydrocarbon proceeds received under such sales contracts or (b) that requires such Relevant Party to make payments during any twelve (12) month period in excess of $10,000,000 for Hydrocarbons purchased by such Relevant Party under such contract.
Sample 1Sample 2Sample 3
Material Sales Contract means, as of any date of determination, any agreement for the sale of Hydrocarbons from the Oil and Gas Properties to which the Issuer or any Restricted Subsidiary is a party if the aggregate volume of Hydrocarbons sold pursuant to such agreement during the twelve (12) months immediately preceding such date equals or exceeds ten percent (10%) of the aggregate volume of Hydrocarbons sold by the Issuer and the Restricted Subsidiaries, on a consolidated basis, from the Oil and Gas Properties during the twelve (12) months immediately preceding such date.
Sample 1Sample 2Sample 3
Material Sales Contract means each sales contract entered into by the Parent, the Borrower or any other Restricted Subsidiary that provides for aggregate payments to the Parent, the Borrower or such other Restricted Subsidiary during any fiscal year of such party in excess of $30,000,000 after excluding payments over to third parties of payments due to them relating to the Hydrocarbon proceeds received under such sales contracts. To the extent, if any, that the Parent, the Borrower or a Restricted Subsidiary enters into any contract (other than a gathering, treating or processing contract) that requires such party to make payments during any fiscal year of such party in excess of $30,000,000 for Hydrocarbons purchased by such party under such contract, such contract will also be a “Material Sales Contract”.
Sample 1Sample 2Sample 3
Material Sales Contract means, as of any date of determination, any agreement for the sale of Hydrocarbons from the Borrowing Base Properties to which the Borrower or any Restricted Subsidiary is a party if the aggregate volume of Hydrocarbons sold pursuant to such agreement during the twelve (12) months immediately preceding such date equals or exceeds ten percent (10%) of the aggregate volume of Hydrocarbons sold by the Borrower and the Restricted Subsidiaries, on a consolidated basis, from the Borrowing Base Properties during the twelve (12) months immediately preceding such date. EXCO CREDIT AGREEMENT – Page 21
Sample 1
Material Sales Contract means each sales contract entered into by the Borrower or any Restricted Subsidiary that provides for aggregate payments to the Borrower or such Restricted Subsidiary during any fiscal year of such party in excess of $5,000,000, after excluding payments over to third parties of payments due to them relating to the Hydrocarbon proceeds received under such sales contracts. To the extent, if any, that the Borrower or a Restricted Subsidiary enters into any contract (other than a gathering, treating or processing contract) that requires such party to make payments during any fiscal year of such party in excess of $5,000,000 for Hydrocarbons purchased by such party under such contract, such contract will also be a “Material Sales Contract”.
Sample 1

Related to Material Sales Contract

  • sales contract means a contract under which a trader transfers or agrees to transfer the ownership of goods to a consumer and the consumer pays or agrees to pay the price, including any contract that has both goods and services as its object. Conformity

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Harvest batch means a specifically identified quantity of dried flower or trim, leaves, and other cannabis plant matter that is uniform in strain, harvested at the same time, and, if applicable, cultivated using the same pesticides and other agricultural chemicals, and harvested at the same time.

  • Material Supplier has the meaning set forth in Section 3.24.

  • Storage Contract means the contract described in paragraph 8.3.3 of the Conditions of Business or paragraph

  • Product Group or “the Group” means a group of lotteries that has joined together to offer a product pursuant to the terms of the Multi-State Lottery Agreement and the Product Group’s own rules.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Material Gas Imbalance means, with respect to all Gas Balancing Agreements to which the Borrower or any other Credit Party is a party or by which any Oil and Gas Property owned by the Borrower or another Credit Party is bound, a net overproduced gas imbalance to the Borrower and the other Credit Parties, taken as a whole, in excess of 110,000 Mcf.

  • Material Suppliers has the meaning set forth in Section 3.15(b).

  • Source material milling means any activity that results in the production of byproduct material as defined by definition (2) of byproduct material.

  • Offtake Agreement means the offtake agreement dated May 13, 2008 with Glencore International AG pursuant to which the Company agreed to sell in U.S. dollars to Glencore, and Glencore agreed to acquire, 100% of the V2O5 production at the Maracás Menchen Mine. The Offtake Agreement was terminated effective April 30, 2020. See "Description of the Business - Marketing and Distribution".

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Supply contract means a contract under which a lessor buys or leases goods to be leased.

  • Raw Material means any unprocessed material in its raw or natural state that is intended to become part of the components of a cannabis product.

  • Total tetrahydrocannabinol means the same as that term is defined in § 3.2-4112.

  • Material safety data sheet or "MSDS" means the chemical, physical, technical, and safety information document supplied by the manufacturer of the coating, solvent, or other chemical product, usually through the distribution network or retailers.

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Definite quantity contract means a fixed price contract that provides for a

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • material hoist means a hoist used to lower or raise material and equipment, excluding passengers; "medical certificate of fitness" means a certificate contemplated in regulation 7(8);

  • Refined Products means gasoline, diesel fuel, jet fuel, asphalt and asphalt products, and other refined products of crude oil.

  • Total hydrocarbons (THC) means the sum of all volatile compounds measurable by a flame ionization detector (FID).

  • Half Year means the period from 1st January to 30th June in any year and the period from 1st July to 31st December in any year;

  • Bulk Product means Licensed Product supplied in a form other than Finished Product which can be converted into Finished Product.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.