PDP Present Value definition

PDP Present Value means the present value (discounted at ten percent (10%)) of future net revenues attributable to all PDP Reserves from the Properties calculated based on a Reserve Report.
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PDP Present Value means the present value (discounted at 10.0%) of future net revenues attributable to all Proved Developed Reserves from the Properties calculated based on the Reserve Report most recently delivered to the Agent pursuant to Section 10.2(c). A percentage (as determined by the Agent in its sole and absolute discretion) of the PDNP Present Value for drilled oil and gas xxxxx that have not yet been connected to enable sales will be added to PDP Present Value.
Sample 1
PDP Present Value means the NPV attributable to all PDP Reserves from the Oil and Gas Properties of the Borrower and its Subsidiaries and based on an Engineering Report or other applicable information relating to the Proven Reserves of the Borrower and its Subsidiaries provided by Borrower.
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Examples of PDP Present Value in a sentence

  • A SWH consists of a solar collector in which a surface area facing the sun collects solar energy, or solar energy is directly used, to heat water.

  • Proved Asset and PDP Asset Coverage RatioMeans the ratio of (a) Total Adjusted Present Value or (b) PDP Present Value depending on the reserve category, to Total DebtWhereby Total Adjusted or PDP reserve value means the present value (discounted at 10.0%) of future net revenues attributable to the respective reserve category based on the reserve report most recently delivered to the lender.

  • A percentage (as determined by the Agent in its sole and absolute discretion) of the PDNP Present Value for drilled oil and gas xxxxx that have not yet been connected to enable sales will be added to PDP Present Value.

  • Working Capital Ratio means the ratio of Current Assets to Current Liabilities as defined above.Proved Asset and PDP Asset Coverage RatioMeans the ratio of (a) Total Adjusted Present Value or (b) PDP Present Value depending on the reserve category, to Total DebtWhereby Total Adjusted or PDP reserve value means the present value (discounted at 10.0%) of future net revenues attributable to the respective reserve category based on the reserve report most recently delivered to the lender.

  • The following paragraphs discuss types of concatenative processes in JA.


More Definitions of PDP Present Value

PDP Present Value means, as of any date, the present value (discounted at ten percent (10%) per annum) of future net income attributable to all Proved Developed Producing Oil and Gas Properties of the Credit Parties, calculated by Borrower in a manner acceptable to Administrative Agent based on the most recently delivered Reserve Report and applying (a) economic and pricing parameters, methodology, assumptions and other factors reasonably required by Administrative Agent from time to time and (b) prevailing forward curves for NYMEX and basis differentials as of the subject June 30 or December 31, as applicable, which forward curves shall be provided by Administrative Agent no later than one week after the relevant referenced date. From and after December 31, 2019, PDP Present Value will only include xxxxx with a production track record of at least three (3) months. For the purposes of calculating the PDP PV Coverage Ratio, the PDP Present Value shall take into account the projected cash flow impact from Hedging Transactions of the Credit Parties, positive or negative, using the pricing parameters described above in the projected revenue calculations.
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Related to PDP Present Value

  • Net Present Value means, as to a specified or ascertainable dollar amount, the present value, as of the date of calculation of any such amount using a discount rate equal to the Base Rate in effect as of the date of such calculation.

  • Remaining Present Value means, as of any date with respect to any lease, the present value as of such date of the scheduled future lease payments with respect to such lease, determined with a discount rate equal to a market rate of interest for such lease reasonably determined at the time such lease was entered into.

  • Present Value means the amount as of a date certain of one or more sums payable in the future, discounted to the date certain. The discount is determined by the interest rate specified by the parties if the rate was not manifestly unreasonable at the time the transaction was entered into; otherwise, the discount is determined by a commercially reasonable rate that takes into account the facts and circumstances of each case at the time the transaction was entered into.

  • Discounted present value means the present value of future payments determined by discounting the payments to the present using the most recently published applicable federal rate for determining the present value of an annuity, as issued by the internal revenue service.

  • Current Value shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Net Value has the meaning set forth in Section 1.68(a)(ii).

  • Average Contract Value means the higher of (inclusive of carbon tax but exclusive of goods and services tax) the (i) average of the total amount payable by the Consumer to the Retailer based on the average electricity consumption of three (3) months (before the date of termination) or (ii) the total amount payable by the Consumer to the Retailer based on the Declared Monthly Consumption.

  • Agreement Value means, for each Hedge Agreement, on any date of determination, an amount determined by the Administrative Agent equal to: (a) in the case of a Hedge Agreement documented pursuant to the Master Agreement (Multicurrency-Cross Border) published by the International Swap and Derivatives Association, Inc. (the “Master Agreement”), the amount, if any, that would be payable by any Loan Party or any of its Subsidiaries to its counterparty to such Hedge Agreement, as if (i) such Hedge Agreement was being terminated early on such date of determination, (ii) such Loan Party or Subsidiary was the sole “Affected Party”, and (iii) the Administrative Agent was the sole party determining such payment amount (with the Administrative Agent making such determination pursuant to the provisions of the form of Master Agreement); or (b) in the case of a Hedge Agreement traded on an exchange, the xxxx-to-market value of such Hedge Agreement, which will be the unrealized loss on such Hedge Agreement to the Loan Party or Subsidiary of a Loan Party party to such Hedge Agreement determined by the Administrative Agent based on the settlement price of such Hedge Agreement on such date of determination, or (c) in all other cases, the xxxx-to-market value of such Hedge Agreement, which will be the unrealized loss on such Hedge Agreement to the Loan Party or Subsidiary of a Loan Party party to such Hedge Agreement determined by the Administrative Agent as the amount, if any, by which (i) the present value of the future cash flows to be paid by such Loan Party or Subsidiary exceeds (ii) the present value of the future cash flows to be received by such Loan Party or Subsidiary pursuant to such Hedge Agreement; capitalized terms used and not otherwise defined in this definition shall have the respective meanings set forth in the above described Master Agreement.

  • Best Value means the method by which a proposal/contract, if any, is awarded, in accordance with applicable laws, rules, and regulations. Best Value includes multiple parameters, including experience, references, quality of the Vendor's product(s)/service(s), and price, as detailed in Section 6.0 Evaluation and Award.

  • Actuarial equivalent means a benefit of equal value when

  • Settlement Value means the amount which the holder of a Contract may receive for a Contract held until Expiration. The Settlement Value of a Binary Contract is $100. The Settlement Value of a Variable Payout Contract is determined as described in the definitions of Long and Short Variable Payout Contracts.

  • Annual Contract Value or “ACV” means the net subscription fee for one (1) year as defined in the Order Form for a specific Customer.

  • Gross Fair Market Value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets; and

  • Fair Market Value Excess With respect to each Mortgage Loan to be purchased pursuant to Section 10.01(a), the excess, if any, of the Fair Market Value Call Price for such Mortgage Loan, over the Par Call Price for such Mortgage Loan. Any Fair Market Value Excess will not become part of the related Group Available Funds, but shall instead be distributed directly to the Holders of the Class A-LR Certificates pursuant to Section 4.02(g).

  • Index Start Value means 1,000 index points and represents the Index Closing Value on Index Calculation Day T=0 for the purposes of calculating the index in accordance with C).

  • Contribution Value means the fair market value as reasonably determined by the General Partner of property (other than cash) contributed by a Partner to the Partnership (net of liabilities secured by such contributed property that the Partnership is treated as assuming or taking subject to pursuant to the provisions of Section 752 of the Code).

  • Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and

  • Daily Measurement Value means the Specified Dollar Amount (if any), divided by 40.

  • Sponsor Fair Market Value means the average last reported sale price of the Ordinary Shares for the ten (10) trading days ending on the third (3rd) trading day prior to the date on which notice of exercise of the Private Placement Warrant is sent to the Warrant Agent;

  • Actuarially Equivalent or "of equal actuarial value" means a benefit of equal value

  • FR Value means, in respect of a ST FR Valuation Date, Worst Value.

  • Total Contract Value means contract value plus statutory dues like GST etc. and any other amount payable under contract.

  • Minimum Contract Value means 10% of the Maximum Contract Value.

  • Hedge Termination Value means, in respect of any one or more Hedge Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Hedge Agreements, (a) for any date on or after the date such Hedge Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Hedge Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedge Agreements (which may include a Lender or any Affiliate of a Lender).