New Prospect definition
Examples of New Prospect in a sentence
Dryden – ▇▇▇▇▇▇▇ ▇▇▇▇, Pinewood, Riverview, and New Prospect Schools.
Diasu shall not commence drilling of a Test Well on any New Prospect covering a Participation Interest without prior written approval of the location of such Test Well from Southern.
Any damage to New Prospect Baptist Church property will be the full responsibility of the vendor.
All assignments of interests in New Prospect Leases shall convey the net revenue interest obtained in the acquisition of the relevant New Prospect Lease.
If Diasu sells any remaining portion of a New Prospect not acquired by Southern in accordance with this Section, then Diasu shall apply any proceeds received by Diasu related to the sale of such New Prospect interest against the then current balance of the New Prospect Account (as hereinafter defined) and shall pay such amount to Southern immediately upon the consummation thereof.
Diasu shall apply any proceeds related to the sale of all or any portion of a New Prospect in accordance with this Section against the then current balance of the New Prospect Account (as hereinafter defined) and shall pay such amount to Southern immediately upon the consummation thereof.
If Southern fails to provide Diasu with a written election of its intent to fund Acquisition Costs on or before 30 days following receipt of a New Prospect Notice, then the affected New Prospect shall be deemed to be an Excluded Prospect.
If an Earning Well is proposed on a New Prospect Lease, Stratex shall not be obligated to pay the Acreage Consideration set forth above in Section 3.02 with respect thereto.
When Contango has transferred to JEX ▇▇▇ initial monthly installment of CAPEX to be expended with respect to any New Prospect, all subsequent operations on such Prospect shall be subject to the terms of the Operating Agreement referred to in Section 1.6 hereof.
In the event, a portion of a New Prospect (such portion shall hereinafter be referred to as a "PARTIAL PROSPECT") is subsequently sold, the Acquisition Costs allocated to the Partial Prospect shall be the actual costs incurred in the acquisition of the Partial Prospect when such amount is determinable from actual expenditures.