Production Payment Gas definition

Production Payment Gas means the portion of the Production Payment Hydrocarbons which are Gas.
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Production Payment Gas shall have the meaning given to such term in the Assignment.
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Production Payment Gas is defined in the Assignment.
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Examples of Production Payment Gas in a sentence

  • It is recognized that as the owner of the Production Payment Grantee owns the Production Payment Gas in its natural state, including, without limitation, all liquefiable Hydrocarbons contained therein.

  • If as a result of any existing or future processing agreement Grantor elects to process Production Payment Gas, Grantee will have an interest in all plant products and liquids extracted (the "Liquids") and all residue gas remaining ("Plant Residue Gas") attributable or allocable to the Production Payment and the Production Payment Gas under the terms of the Processing Agreements.

  • All Production Payment Gas delivered to Grantee, or to Grantee's credit, shall satisfy the quality requirements and specifications as set forth in the First Transporter's transportation agreements and/or published tariffs filed with the FERC for acceptance and transportation of Gas at the Delivery Points without penalty or deduction for nonconformity, as the same may be modified from time to time.

  • Positive fair values of unrealized forward exchange contracts, amounting to nil, $68,392 and $6,323 respectively, are included in other current assets as at December 31, 2008, 2007 and 2006 (Note 15).Other current and non-current assets as at December 31, 2006 included short-term and long-term loans provided by the subsidiary bank (Note 18(b)) totaled $241,030 (net of allowance) and $80,435, respectively.

  • Grantor shall deliver, or cause to be delivered, the Production Payment Gas at a pressure sufficient to deliver the same into the First Transporter's pipeline at each Delivery Point -3- against the operating pressure of First Transporter's pipeline in existence from time to time; provided that Grantor shall not be required to install compression equipment or other equipment in circumstances in which such installation is not economically feasible without regard to the burden of the Production Payment.

  • Grantee agrees that Grantor may commit Production Payment Gas to other processing agreements to unaffiliated third parties on the same terms as it commits Gas from its interests in the Subject Interests as long as such agreements would not have an adverse affect on Grantee's or Grantor's interest in the Production Payment.

  • Not less than fifteen (15) days prior to the first day of each Month, Grantor will notify Grantee of the daily quantities of (i) Gas which Grantor estimates will be produced from each Subject Well during such Month and (ii) the quantity of Gas which Grantor estimates will be available for delivery to the credit of Grantee as Production Payment Gas at each Delivery Point during such Month.

  • Grantor shall inform Grantee, as often as may be necessary, of the delivery rate and pressure of the Production Payment Gas delivered to Grantee or to Grantee's credit.

  • Grantor shall deliver, or cause to be delivered, the Production Payment Gas at a pressure sufficient to deliver the same into the First Purchaser's or First Transporter's pipeline, as applicable, at each Delivery Point against the operating pressure in existence from time to time; provided that Grantor shall not be required to install compression equipment or other equipment in circumstances in which such installation is not economically feasible without regard to the burden of the Production Payment.

  • After seeing some of the world, he returned, disappointed, not to ‘a home fit for heroes’ but to a country lurching towards the General Strike and the Great Depression.


More Definitions of Production Payment Gas

Production Payment Gas means all Gas produced from the Cormxxx Xxxl that is allocable to the Production Payment.
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Production Payment Gas is defined in Section 7.1 of the Assignment.
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Production Payment Gas as defined in the Second Assignment.
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Production Payment Gas means the Production Payment Hydrocarbons that are Gas.
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Production Payment Gas means the portion of the Production Payment Hydrocarbons which is Gas.
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Related to Production Payment Gas

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Production Payments and Reserve Sales means the grant or transfer by the Company or any of its Restricted Subsidiaries to any Person of a royalty, overriding royalty, net profits interest, Production Payment, partnership or other interest in Oil and Gas Properties, reserves or the right to receive all or a portion of the production or the proceeds from the sale of production attributable to such properties where the holder of such interest has recourse solely to such production or proceeds of production, subject to the obligation of the grantor or transferor to operate and maintain, or cause the subject interests to be operated and maintained, in a reasonably prudent manner or other customary standard or subject to the obligation of the grantor or transferor to indemnify for environmental, title or other matters customary in the Oil and Gas Business, including any such grants or transfers pursuant to incentive compensation programs on terms that are reasonably customary in the Oil and Gas Business for geologists, geophysicists or other providers of technical services to the Company or any of its Restricted Subsidiaries.

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Delta Payment means as it is described in this Agreement.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Net Revenue Interest means, with respect to any Property, the interest in and to all Hydrocarbons produced, saved, and sold from or allocated to such Property after giving effect to all royalties, overriding royalties, production payments, carried interests, net profits interests, reversionary interests, and other burdens upon, measured by, or payable out or production therefrom.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Payment Amount as defined in Section 3.5.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • State-certified production means a qualified production

  • Feedstock Gas means natural gas used as a raw material for its chemical properties in creating an end product.

  • Production Unit means a facility for generation of electricity made up of a single generation unit or of an aggregation of generation units;

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Exception Payments means payments to deposit accounts or brokerage accounts, payments to settle securities transactions (including, without limitation, stocks, bonds, securities, futures (forex), options, or an investment interest in any entity or property).

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Energy Settlement Area means the bus or distribution of busses that represents the physical location of Network Load and by which the obligations of the Network Customer to PJM are settled. Energy Storage Resource:

  • Revenue Operations Date (ROD) means the date of operation of Metro

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Net Output means all energy and capacity produced by the Facility, less station use and less transformation and transmission losses and other adjustments (e.g., Seller's load other than station use), if any. For purposes of calculating payment under this Agreement, Net Output of energy shall be the amount of energy flowing through the Point of Delivery.