Production Allocation Area definition

Production Allocation Area means the lands described in Exhibit “A” and shown outlined on Exhibit “B”;
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Examples of Production Allocation Area in a sentence

  • Notwithstanding clause 10.2, this Agreement shall cease to bind the Parties or to be effective unless it is executed and delivered, in accordance with clause 10.1, by the owners of 100% of the Working Interest and 100% of the Royalty Interest within the Production Allocation Area, on or before the 1st day of [month], [year].

  • Each of the Parties represents and warrants that, to the best of its knowledge, it has good right, full power and absolute authority to enter into this Agreement, that the Leases and any title documents relating to the Production Allocation Area are valid and subsisting documents, and that the obligations, covenants, provisions and conditions on its part under the Leases have been kept, observed and performed to the date on which it executes and delivers to the Operator a counterpart of this Agreement.

  • The allocation of production provided for herein shall become effective at 0800 on the first day of the first calendar month which is the earliest of: the month in which production of Production Allocation Substances from the Well commences, or the month following the date of execution and delivery of this Agreement, in accordance with clause 10.1, by the owners of 100% of the Working Interest and 100% of the Royalty Interest within the Production Allocation Area.

  • Notwithstanding clause 10.2, this Agreement shall cease to bind the Parties or to be effective unless it is executed and delivered, in accordance with clause 10.1, by the owners of 100% of the Working Interest and 100% of the Royalty Interest within the Production Allocation Area, on or before the 1st day of [month], [year].

  • Each of the Parties represents and warrants that, to the best of its knowledge, it has good right, full power and absolute authority to enter into this Agreement, that the Leases and any title documents relating to the Production Allocation Area are valid and subsisting documents, and that the obligations, covenants, provisions and condition on its part under the Leases have been kept, observed and performed to the date on which it executes and delivers to the Operator a counterpart of this Agreement.