North Slope Pad definition

North Slope Pad means: (a) the leasehold estate in ADL 419409, Right-Of-Way Lease for North Slope Natural Gas Pipeline and LNG Facility, by and between the State of Alaska, Department of Natural Resources, and the Authority, dated July 31, 2014; (b) the gravel pad and other improvements constructed on the leasehold estate; (c) the engineering reports, plans, and analyses that the Authority had prepared regarding the potential development of the gravel pad; and (d) the Authority’s interest in the Material Sale Contract, designated ADL 419991, by and between the State of Alaska, Department of Natural Resources, and the Authority, dated May 2, 2014. The leasehold estate concerns real property described on Exhibit B to ADL 419409, which real property is located in Section 3 of Township 10 North, Range 14
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North Slope Pad means: (a) the leasehold estate in ADL 419409, Right-Of-Way Lease for North Slope Natural Gas Pipeline and LNG Facility, by and between the State of Alaska, Department of Natural Resources, and AIDEA, dated July 31, 2014; (b) the gravel pad and other improvements constructed on the leasehold estate; (c) the engineering reports, plans, and analyses that AIDEA had prepared regarding the potential development of the gravel pad; and (d) AIDEA’s interest in the Material Sale Contract designated ADL 419991, by and between State of Alaska, Department of Natural Resources, and AIDEA, dated May 2, 2014. The leasehold estate concerns real property described on Exhibit B to ADL 419409, which real property is located in Section 3 of Township 10 North, Range 14 West, Umiat Meridian, Barrow Recording District, Second Judicial District, State of Alaska.
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North Slope Pad means: (a) the leasehold estate in ADL 419409, Right- Of-Way Lease for North Slope Natural Gas Pipeline and LNG Facility, by and between the State of Alaska, Department of Natural Resources, and AIDEA, dated July 31, 2014;
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Examples of North Slope Pad in a sentence

  • IGU covenants to use the North Slope Pad, any revenues derived from the North Slope Pad that are net of the costs of operating and maintaining the North Slope Pad, and the proceeds received from the sale or other disposition of the North Slope Pad net of the cost of selling or disposing of the North Slope Pad only for the following purposes and no other purposes: to advance an Alaska liquefied natural gas production plant, and distribution systems as necessary to serve Interior Alaska as a primary market.

  • The Bonds and the Loan will be secured by all of IGU’s revenues and assets, including all bank and investment accounts, the LLC membership interests in Pentex, the assets of Pentex and the Subsidiaries, and the North Slope Pad; excluding, however, any CPCN which cannot be assigned to the Authority.

  • The Authority must execute and deliver the documents necessary to transfer the North Slope Pad to IGU and the Department of Natural Resources must have approved the transfer to IGU.

  • AIDEA and IGU entered into a non-binding Utility Integration Memorandum of Understanding, dated January 25, 2017 (the “MOU”), wherein among other things the Parties set forth their mutual understandings with respect to AIDEA’s proposed sale of Pentex to IGU, the transfer of the North Slope Pad from AIDEA to IGU, the AIDEA financing of IGU, and the establishment of the process and timelines to accomplish the foregoing.

  • Development Account of the Revolving Fund for the additional gravel payment due on the North Slope Pad.

  • The Authority is also authorize to pay DNR from the Economic Development Account the annual rent and other charges that are due under the new lease for the North Slope Pad.

  • The finance plan for the North Slope Pad previously submitted to the Board is approved.

  • The Authority shall proceed to the closing under the Pentex PSA and the FA notwithstanding the failure to satisfy the condition precedent regarding DNR’s approval of the transfer of the North Slope Pad.

  • Together, these approaches target the center of the model—Integrated Community Strategies and Systems.

  • The Authority shall proceed with obtaining a new lease from DNR for the North Slope Pad.


More Definitions of North Slope Pad

North Slope Pad means: (a) the leasehold estate in ADL 419409, Right-Of-Way Lease for North Slope Natural Gas Pipeline and LNG Facility, by and between the State of Alaska, Department of Natural Resources, and AIDEA, dated July 31, 2014; (b) the gravel pad and other improvements constructed on the leasehold estate; (c) the engineering reports, plans, and analyses that AIDEA had prepared regarding the potential development of the gravel pad; and (d) AIDEA’s interest in the
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Related to North Slope Pad

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