Production Interest definition

Production Interest means any royalty, stream, participation or production interest and related assets, or any agreements that are similar to a royalty, stream, participation or production interest agreement, in each case in respect of any Minerals.
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Production Interest means any ownership interest in oil and/or gas leaseholds or in the oil and/or gas underlying any property which carry with them the right to take any production in kind.
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Production Interest means a gross production or production revenue interest in a QET Property pursuant to a QET Joint Venture Agreement.
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Examples of Production Interest in a sentence

  • If, prior to the end of the Review Period, the ROFR Holder accepts the Production Interest Offer by notice in writing to Grantor and the Production Interest Seller, then the Production Interest Seller shall be, and Grantor shall procure that the Production Interest Seller shall be, and the ROFR Holder shall be, bound by the Production Interest Offer on the terms set out herein and therein subject to any other changes agreed on in writing during the Review Period.

  • If a Disposal of the Production Interest has not been completed within the 60 day period referred to in Clause 2.6(B) or 2.7(B) (in each case, as extended by the Approval Period if applicable) the provisions of Clauses 2.1 to 2.6 shall apply to any subsequent proposed Disposal of such Production Interest by the Grantor, its subsidiaries or any other Person which it directly or indirectly Controls (in each case from time to time).

  • Upon receipt of a Production Interest Offer, the ROFR Holder shall have a review period expiring on the date falling 60 days after the ROFR Holder has received the Production Interest Offer and the available Due Diligence Materials (such period, the “Review Period”) in which to indicate whether it wishes to accept the Production Interest Offer.

  • The Purchased Entities and their respective Subsidiaries may be considered to be acting not at arm’s length with Vale in respect of the following: • Master Agreement; • Net Smelter Return Agreement; • Production Interest Agreement; • Sales Agency Agreement; • Technology Agreement; • Environmental Agreement; • Off-take Supplemental Agreement; and • Vale Agreement.


More Definitions of Production Interest

Production Interest in relation to a party and in relation to a Production Venture, means the participating interest of that party in the Production Venture;
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Related to Production Interest

  • Working Interest means an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Participation Interest means the Extension of Credit by a Lender by way of a purchase of a participation in Letters of Credit or LOC Obligations as provided in Section 2.2 or in any Loans as provided in Section 3.8.

  • Production Area means that part of the animal feeding operation that includes the animal confinement area, the manure storage area, the raw materials storage area, and the waste containment areas. The animal confinement area includes, but is not limited to, open lots, housed lots, feedlots, confinement houses, stall barns, free stall barns, milkrooms, milking centers, egg washing or egg processing areas, areas used for the storage and disposal/treatment of mortalities, cowyards, barnyards, medication pens, walkers, animal walkways, and stables. The manure storage area includes, but is not limited to, lagoons, runoff ponds, storage sheds, stockpiles, under-house or pit storages, liquid impoundments, static piles, and composting piles. The raw materials storage area includes, but is not limited to, feed silos, and silage bunkers. The waste containment area includes, but is not limited to, settling basins and areas within berms and diversions which separate uncontaminated stormwater.

  • Production equipment (1 7 9) means tooling, templates, jigs, mandrels, moulds, dies, fixtures, alignment mechanisms, test equipment, other machinery and components therefor, limited to those specially designed or modified for "development" or for one or more phases of "production".

  • Project Assets means all physical and other assets relating to and forming part of the Site including:

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Project Area means THE AREA WHERE WORK IS BEING PERFORMED FOR THE CITY OF SUFFOLK, VIRGINIA.

  • Contract Area means, on the Effective Date, the area described in Appendix-A and delineated on the map attached as Appendix B or any portion of the said area remaining after relinquishment or surrender from time to time pursuant to the terms of this Contract (including any additional area as provided under Article 11.3).