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.
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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”.
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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.
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Examples of Material Sales Contract in a sentence

  • 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.

  • 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.

  • Given a Mineral Material Sales Contract (standard form 3600-9), calculate the total contract value and the required upfront fees using the attached fee schedule and contract request letter.

  • As an Insured, You must: Agree to fully co-operate with Us in pursuing Our claim against the third party, including but not limited to the furnishing of any information, documents, or other assistance We may reasonably require.


More Definitions of Material Sales Contract

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.
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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.
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Material Sales Contract means each sales contract entered into by a Loan Party that provides for aggregate payments to such Loan Party during any 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. To the extent, if any, that a Loan Party enters into any contract (other than a gathering, treating or processing contract) that requires such Loan Party to make payments during any 12 month period in excess of $10,000,000 for Hydrocarbons purchased by such Loan Party under such contract, such contract will also be a “Material Sales Contract”.
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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
Material Sales Contract means, as of any date of determination, any agreement for the sale of Hydrocarbons from the Oil and Gas Properties included in the Borrowing Base 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 from the Oil and Gas Properties included in the Borrowing Base sold by the Borrower and the Restricted Subsidiaries, on a consolidated basis, during the twelve months immediately preceding such date.
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 Section 3.1(e).

  • 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.

  • 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, at any time, with respect to all Gas Balancing Agreements to which any Credit Party is a party or by which any Mineral Interest owned by any Credit Party is bound, a net gas imbalance at such time to all such Credit Parties in excess of, in the aggregate, three percent (3%) of the Borrowing Base then in effect.

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

  • 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 sum of the percentage by weight of tetrahydrocannabinolic acid multiplied by eight hundred seventy-seven thousandths plus the percentage of weight of tetrahydrocannabinol.

  • 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.

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • 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);

  • Product Schedule means PTC’s standard order form entitled “PTC Product Schedule” (including all schedules, attachments and other document(s) specifically referenced therein) or such alternative order form as may be submitted by Customer and accepted by PTC, in each case that specifies (i) the Licensed Products and/or Services ordered; and (ii) for Licensed Products, the installation address (including the Designated Country) and the Licence Term.

  • 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;