NRI Factor definition

NRI Factor means, with respect to each Development Well, the fraction obtained by dividing Assignor’s Net Revenue Interest for such well by 56.9828%. For example, if Assignor’s Net Revenue Interest in a Development Well is 80%, the computation would be: 80% / 56.9828% = 1.4039. Therefore, such Development Well would have a NRI Factor of 1.4039.
NRI Factor has the meaning given such term in the Development Agreement.
NRI Factor means with respect to each Development Well other than the last Development Well, the fraction obtained by dividing Assignor’s Net Revenue Interest for such well by 52%; provided that, with regard to the last Development Well, the Assignor’s Net Revenue Interest used to calculate the NRI Factor shall be reduced to that percentage that will result in an NRI Factor equal to the difference between 118 and the cumulative sum of the Adjusted Development Well Amounts for all prior Development Xxxxx drilled or caused to be drilled by Assignor. For example, if Assignor’s Net Revenue Interest in a Development Well is 80%, the NRI Factor for such Development Well would be: 80% / 52% = 1.5385. Additionally, by way of example, if (i) the cumulative sum of all the Adjusted Development Well Amounts for all Development Xxxxx drilled or caused to be drilled by Chesapeake equals 117.5, (ii) the Lateral Distance Factor for the next Development Well is 1.0 and (iii) Assignor’s Net Revenue Interest in the next Development Well is 52%, the Assignor’s Net Revenue Interest used to calculate the NRI Factor shall be 26% resulting in an NRI Factor for the last Development Well of 0.5. The NRI Factor shall be rounded to the nearest ten thousandth (i.e., four decimal places to the right of the decimal point).

Examples of NRI Factor in a sentence

  • Following the determination of the Adjusted Development Well Amount for a Development Well, Assignor shall execute and deliver a recordable stipulation in the form of Exhibit C attached hereto, to be acknowledged and countersigned by Assignee, identifying (i) the Development Xxxxx drilled to date (including an API number for each such Development Well) and (ii) Assignor’s Net Revenue Interest warranted by Assignor and used to calculate the NRI Factor for each of the Development Xxxxx drilled to date.

  • Each stipulation shall establish the Assignor’s Net Revenue Interest used to calculate the NRI Factor for such Development Well pursuant to the Development Agreement for the purpose of the warranty of title provided in Section 1.05(a) of this Conveyance; provided that, such stipulation shall not waive or otherwise limit Assignee’s rights with respect to any claim for breach of warranty regarding each Development Well or Assignor’s Net Revenue Interest therein.

  • Each stipulation shall establish the Assignor’s Net Revenue Interest used to calculate the NRI Factor for such Development Well pursuant to the Development Agreement for the purpose of the warranty of title provided in Section 1.04(a) of this Conveyance; provided that, such stipulation shall not waive or otherwise limit Assignee’s rights with respect to any claim for breach of warranty regarding each Development Well or Assignor’s Net Revenue Interest therein.

  • Pursuant to Section 1.05 of the Conveyance Assignor stipulates that Exhibit A attached hereto is a true and correct schedule identifying, as of the Effective Date (i) the Development Xxxxx drilled to date (including the API number for each such Development Well), and (ii) Assignor’s Net Revenue Interest used to calculate the NRI Factor for each of the Development Xxxxx drilled to date.

  • The Development Xxxxx drilled to achieve the Total Drilling Target (including the API number of each Development Well), the Adjusted Development Well Amount for each Development Well and the Lateral Distance Factor and NRI Factor used to calculate the Adjusted Development Well Amount for each Development Well are listed in Annex I attached to this letter.

  • Pursuant to Section 1.06 of the Conveyance, Assignor stipulates that Exhibit A attached hereto is a true and correct schedule identifying, as of the Effective Date (i) the Development Xxxxx drilled to date (including the API number for each such Development Well), and (ii) Assignor’s Net Revenue Interest used to calculate the NRI Factor for each of the Development Xxxxx drilled to date.

  • Pursuant to Section 1.06 of the Conveyance, Assignor stipulates that Exhibit A attached hereto is a true and correct schedule identifying, as of the Effective Date (i) the Development Wells drilled to date (including the API number for each such Development Well), and (ii) Assignor’s Net Revenue Interest used to calculate the NRI Factor for each of the Development Wells drilled to date.


More Definitions of NRI Factor

NRI Factor means, with respect to each Development Well, the fraction obtained by dividing Assignor’s Net Revenue Interest for such well by [69.3]%. For example, if Assignor’s Net Revenue Interest in a Development Well is [86.6]%, the computation would be [86.6]% / [69.3]% = [1.2496]. Therefore, such Development Well would have a NRI Factor of [1.2496]. The NRI Factor for each Development Well shall be rounded to the nearest ten thousandth (i.e., four decimal places to the right of the decimal point).

Related to NRI Factor

  • Load Factor means the percentage of aircraft seats actually occupied on a flight (RPMs divided by ASMs). “NMB” means the National Mediation Board.

  • Fit factor means a quantitative estimate of the fit of a particular respirator to a specific individual, and typically estimates the ratio of the concentration of a substance in ambient air to its concentration inside the respirator when worn.

  • Weighting factor wT for an organ or tissue (T) means the proportion of the risk of stochastic effects resulting from irradiation of that organ or tissue to the total risk of stochastic effects when the whole body is irradiated uniformly. For calculating the effective dose equivalent, the values of wT are:

  • Class Factor As to any date of determination and any Class of Certificates (other than the Interest Only Classes and the Residual Certificates), a fraction the numerator of which is (i) the aggregate of the denominations of all Certificates of such Class plus, in the case of each Accrual Class, all interest that has accrued on the Certificates of such Class prior to such date of determination and been added to the Class Balance thereof, less (ii) the aggregate amount of all Principal Distribution Amounts, if any, allocable thereto prior to such date of determination and the denominator of which is the original Class Balance of such Class. As to any date of determination and any Interest Only Class, a fraction, the numerator of which is the percentage of the balance specified for such purpose under “Reference Sheet–Notional Classes” in the Prospectus Supplement (or, if applicable, the sum of the applicable percentages of the balances so specified) and the denominator of which is the original Class Balance thereof. Code: The Internal Revenue Code of 1986, as amended, including any successor or amendatory provisions.

  • Power Factor means the ratio of usage power measured in kW to total power measured in kVA;

  • Stress Factor means 2.25.

  • Interest Factor means monthly compounding, discounting or annuitizing, as applicable, at a rate set forth in Exhibit A.

  • Adjustment Factor means, with respect to a share of the Fund (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of the Fund. See “—Anti-dilution Adjustments Relating to the Fund; Alternate Calculation —Anti-dilution Adjustments” below.

  • Note Factor means, with respect to a Payment Date and each Class of Notes, a six-digit decimal, which the Servicer will compute each month, equal to the Note Balance of such Class of Notes as of the end of the related Collection Period divided by the Note Balance of such Class of Notes as of the Closing Date. The Note Factor will be 1.000000 as of the Closing Date; thereafter, the Note Factor will decline to reflect reductions in the Note Balance of such Class of Notes.

  • Loss Factor means the scaling factor determined in accordance with clause 7 and applied by the reconciliation manager to volumes of electricity measured or estimated in respect of ICPs on the Network, in order to reflect the impact of the ICP on Losses within the Network;

  • Inflation Factor means a number determined for each tax year by dividing the consumer price index for June of the tax year by the consumer price index for June 2005.

  • Limited Indexation Factor means, in respect of a Limited Indexation Month or Limited Indexation Date, as the case may be, the ratio of the Index Figure applicable to that month or date, as the case may be, divided by the Index Figure applicable to the month or date, as the case may be, twelve months prior thereto, provided that (a) if such ratio is greater than the Maximum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Maximum Indexation Factor and (b) if such ratio is less than the Minimum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Minimum Indexation Factor;

  • Discount Factor means the percentage discount applied to additional APCs when more than one APC is provided during the same visit (including the same APC provided more than once). Not all APCs are subject to a discount factor.

  • NET INVESTMENT FACTOR The net investment factor for each subaccount is determined by dividing (1) by (2) and subtracting (3) from the result, where:

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • Moody’s Discount Factor means, for purposes of determining the Discounted Value of any Moody’s Eligible Asset, the percentage determined by reference to the rating on such asset and the shortest Exposure Period set forth opposite such rating that is the same length as or is longer than the Moody’s Exposure Period, in accordance with the table set forth below: Exposure Period Aaa* Aa* A* Baa* Other** (V)MIG-1*** SP-1+**** Unrated***** 7 weeks 151% 159% 166% 173% 187% 136% 148% 225% 8 weeks or less but greater than seven weeks. 154 161 168 176 190 137 149 231 9 weeks or less but greater than eight weeks 158 163 170 177 192 138 150 240 * Mxxxx’x rating. ** Municipal Obligations not rated by Moody’s but rated BBB by S&P. *** Municipal Obligations rated MIG-1 or VMIG-1, which do not mature or have a demand feature at par exercisable in 30 days and which do not have a long-term rating. **** Municipal Obligations not rated by Moody’s but rated SP-1+ by S&P, which do not mature or have a demand feature at par exercisable in 30 days and which do not have a long-term rating. ***** Municipal Obligations rated less than Baa3 or not rated by Moody’s and less than BBB or not rated by S&P, not to exceed 10% of Moody’s Eligible Assets. Notwithstanding the foregoing, (i) except as provided in clause (ii) below, the Moody’s Discount Factor for short-term Municipal Obligations will be 115%, so long as such Municipal Obligations are rated at least MIG-1, VMIG-l or P-1 by Moody’s and mature or have a demand feature at par exercisable in 30 days or less, or 125%, as long as such Municipal Obligations are rated at least A-1+/AA or SP-1+/AA by S&P and mature or have a demand feature at par exercisable in 30 days or less, (ii) the Moody’s Discount Factor for residual interest municipal bonds and structured notes shall be the product of (x) the percentage determined by reference to the rating on the security underlying such residual interest municipal bond multiplied by (y) 1.25 (provided that the trust in which such residual interest municipal bond is held may be terminated within five business days), and (iii) except as provided in clause (ii) above, no Moody’s Discount Factor will be applied to cash, Receivables for Municipal Obligations Sold, or futures, options and similar instruments (to the extent such securities are Moody’s Eligible Assets); provided, however, that for purposes of determining the Moody’s Discount Factor applicable to a Municipal Obligation, any Municipal Obligation (excluding any short-term Municipal Obligation) not rated by Moody’s but rated by S&P shall be deemed to have a Mxxxx’x rating which is one full rating category lower than its S&P rating.

  • Exchange Factor means 1.0; provided, however, that if the General Partner: (a) declares or pays a dividend on its outstanding Common Stock in Common Stock or makes a distribution to all holders of its outstanding Common Stock in Common Stock; (b) subdivides its outstanding Common Stock; or (c) combines its outstanding Common Stock into a smaller number of shares of Common Stock, the Exchange Factor shall be adjusted by multiplying the Exchange Factor by a fraction, the numerator of which shall be the number of shares of Common Stock issued and outstanding on the record date for such dividend, contribution, subdivision or combination (assuming for such purpose that such dividend, distribution, subdivision or combination has occurred as of such time), and the denominator of which shall be the actual number of shares of Common Stock (determined without the above assumption) issued and outstanding on the record date for such dividend, distribution, subdivision or combination. Any adjustment to the Exchange Factor shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

  • Capacity factor means the ratio of the average load on a machine or equipment for the period of time considered to the capacity rating of the machine or equipment.

  • Fitch Discount Factor means the discount factors set forth in the Fitch Guidelines for use in calculating the Agency Discounted Value of the Company’s assets in connection with Fitch’s ratings then assigned on the Preferred Shares.

  • Multiplier means 1.0.

  • Accumulation Period Factor means, for any Collection Period, a fraction with:

  • Participation Factor means a percentage to be determined in the reasonable discretion of the Issuer (billiges Ermessen) (§ 315 BGB) on the Strike Date on the basis of the volatility of the Index and the market conditions prevailing on such date and will be published in accordance with § 14 hereof. The indication for the Participation Factor based on the market conditions as of 9 March 2018 is 200% (in any case, it will not be below 170%).

  • emission factor means the average emission rate of a greenhouse gas relative to the activity data of a source stream assuming complete oxidation for combustion and complete conversion for all other chemical reactions;

  • Pool Factor Means, as of any Distribution Date, the quotient (rounded to the seventh decimal place) computed by dividing (i) the Pool Balance by (ii) the original aggregate face amount of the Applicable Certificates. The Pool Factor as of any Distribution Date shall be computed after giving effect to any special distribution with respect to unused Deposits, payment of principal of the Equipment Notes or other Trust Property and the distribution thereof to be made on that date.