PUD Locations definition

PUD Locations means those Proved Undeveloped potential well locations specifically identified in Exhibit C. The term “PDNP” means Proved Developed Not Producing intervals as specifically identified on Exhibit C. Seller and Buyer agree that the Allocated Values shall be used to compute any adjustments to the Purchase Price pursuant to the provisions of ARTICLE 4. Any adjustment to the Purchase Price hereunder shall be reflected in the allocation set forth in Exhibit C consistent with Treasury Regulation Section 1.1060-IT(f). For tax purposes, the Parties agree to report the transactions contemplated by this Agreement in a manner consistent with the terms of this Agreement, including the allocations set forth above as of the Closing Date, and that neither Party will take any position inconsistent therewith, including in any tax return, refund claim, litigation, arbitration, or otherwise.
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PUD Locations means those Proved Undeveloped potential well locations specifically identified in Exhibit D. The term “PDNP” means Proved Developed Not Producing intervals as specifically identified on Exhibit D. The term “Probable and/or Possible Locations” means those locations specifically identified and designated as such on Exhibit D. Seller and Buyer agree that the Allocated Values shall be used to compute any adjustments to the Purchase Price pursuant to the provisions of Article 4. Any adjustment to the Purchase Price hereunder shall be reflected in the allocation set forth in Exhibit D consistent with Treasury Regulation Section 1.1060-1T(f). For tax purposes, the Parties agree to report the transactions contemplated by this Agreement in a manner consistent with the terms of this Agreement, including the allocations set forth above as of the Closing Date, and that neither Party will take any position inconsistent therewith, including in any tax return, refund claim, litigation, arbitration, or otherwise.
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PUD Locations means those Proved Undeveloped potential well locations identified in Exhibit D-2. The term “PDNP” means Proved Developed Not Producing, as identified on Exhibit D-2. The term “Probable and/or Possible Locations” means those locations designated as such on Exhibit D-2. Seller and Buyer agree that the Allocated Values shall be used to compute any adjustments to the Purchase Price pursuant to the provisions of Article 4. For purposes of this Agreement, the Parties agree that the Allocated Value for the Undeveloped Acreage shall be Eighty Dollars ($80.00) per net acre. Any adjustment to the Purchase Price hereunder shall be reflected in the allocation hereunder consistent with Treasury Regulation Section 1.1060-IT (f). For tax purposes, the Parties agree to report the transactions contemplated by this Agreement in a manner consistent with the terms of this Agreement, including the allocations set forth above as of the Closing Date, and that neither Party will take any position inconsistent therewith, including in any tax return, in any refund claim, in any litigation or arbitration or otherwise.
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Examples of PUD Locations in a sentence

  • The Purchase Price is allocated among the Assets (including the Xxxxx, PUD Locations, PDNP, and Probable and/or Possible Locations) as set forth in Exhibit D (the “Allocated Values”).

  • In no event shall the aggregate of the Allocated Values of the Units, Xxxxx, PUD Locations, PDNP, Probable and/or Possible Locations, and any other item specified on Exhibit D (such as undeveloped leasehold) (with all such items specifically set forth on Exhibit D being referred to herein as the “Allocated Assets” or as to any single specified item, an “Allocated Asset”) exceed the unadjusted Purchase Price.

  • In no event shall the aggregate of the Allocated Values of any Xxxxx, PUD Locations, PDNP, and Probable and/or Possible Locations exceed the unadjusted Purchase Price.

  • The term "PUD Locations" means those Proved Undeveloped potential well locations specifically identified in Exhibit D.

  • The Purchase Price is allocated among the Assets (including the Xxxxx, PUD Locations, PDNP, and Probable and/or Possible Locations) as set forth in Exhibit C (the "Allocated Values").

  • The Purchase Price is allocated among the Assets (including the Wells, PUD Locations, PDNP, and Probable and/or Possible Locaxxxxx) as set forth in Exhibit D (the "Allocated Values").

  • The Purchase Price is allocated among the Assets (including the Xxxxx, PUD Locations, PDNP, and Probable and/or Possible Locations) as set forth in Exhibit D (the "Allocated Values").

  • In exchange for and in lieu of the warranties and representations set forth in the Wellbore Assignments, Seller hereby represents and warrants to Purchaser that Seller’s working interest and net revenue interest on the Wxxxx and PUD Locations are as listed in the Allocation Schedule.

  • The term "PUD Locations" means those Proved Undeveloped potential well locations specifically identified in Exhibit C.

  • The Allocation Schedule also sets forth the allocated values of Pennsylvania Wxxxx, Texas Wxxxx (described in Exhibit C), Louisiana Wxxxx (described in Exhibit D), PUD Locations (described in the Allocation Schedule), and Leases.


More Definitions of PUD Locations

PUD Locations means those Proved Undeveloped potential well locations specifically identified in Exhibit D. The term “PDNP” means Proved Developed Not Producing intervals as specifically identified on Exhibit D. The term “Probable and/or Possible Locations” means those locations specifically identified and designated as such on Exhibit D. Seller and Buyer agree that the Allocated Values shall be used to compute any adjustments to the Purchase Price pursuant to the provisions of Article 4. For tax purposes, the Parties agree that they shall allocate the Purchase Price, as adjusted hereunder, among the Assets in a manner consistent with Section 1060 of the Code and the Treasury Regulations promulgated thereunder based upon the fair market values for the Assets. The Purchase Price allocation shall be agreed upon before the earliest due date of the Tax returns of Seller and Buyer for the year in which the Closing Date occurs. Seller and Buyer agree to file all information reports and Tax returns (including IRS Form 8594 and any amended Tax returns or claims for refund) in a manner consistent with the Purchase Price allocation agreed upon under this Section 2.03.
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Related to PUD Locations

  • Work Locations means any real estate that Windstream owns, leases or licenses or in which it holds easements or other rights to use, or does use, in connection with this Agreement.

  • Fixed location means a permanent place of doing business in this state, such as an office, warehouse, storefront, or similar location owned or controlled by an employer.

  • Project Location means the points or areas designated as such on Exhibit A and located on the ground by reference to points, stations, natural land features, improvements, or area boundary signs. STATE means the Oregon Department of Forestry, State Forester, or a duly Authorized Representative of the State Forester.

  • Approved Location means the site for the operation of the Franchised Business selected by Franchisee and approved in writing by Franchisor;

  • Worksite location means a construction site or other temporary worksite in this state at which the employer provides services for more than twenty days during the calendar year. "Worksite location" does not include the home of an employee.

  • Anchor location means the physical location from which:

  • Co-location means the use of an existing tower or structure to support antennae for the provision of wireless services. A replacement tower that is constructed on the same site as an existing tower will be considered a co-location as long as the new tower is no taller than the old tower and that the old tower is removed in a reasonable short time frame after the new tower is constructed.

  • Site Location means any Site where BHARAT PETROLEUM CORPORATION LTD. desires to receive materials any where in India as mentioned in RFQ.

  • Designated Location means the agreed physical location identified in the applicable Notification Form at which where the server-based portion of the Application Software resides.

  • Off-Site Location means any real property other than the Real Property.

  • Service Locations means those locations set forth on Exhibit B.

  • Locations mean one or more of the healthcare or other facilities owned by the Borrower on the Property as identified on Schedule 1.1(a) hereto.

  • ATMs means an automated teller or cash machine operated by us or by someone else, where your debit card will be accepted.

  • Development Location Point means a single point selected by the Applicant on the proposed Development site that is located within 100 feet of a residential building existing or to be constructed as part of the proposed Development. For a Development which consists of Scattered Sites, this means a single point on the site with the most units that is located within 100 feet of a residential building existing or to be constructed as part of the proposed Development.

  • CIP (Destinations means Carriage and Insurance Paid up to named port of destination. Additionally the Insurance (local transportation and storage) would be extended and borne by the Supplier from ware house to the consignee site for a period including 3 months beyond date of delivery.

  • State Location means any physical location where the State performs work. State Location may include state-owned, leased, or rented space.

  • Business location means a location where the firm carries out an activity that requires registration, and includes a residence if regular and ongoing activity that requires registration is carried out from the residence or if records relating to an activity that requires registration are kept at the residence;

  • Closing Location means the location that all Proposals for this RFP will be accepted at.

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.

  • Storage area means any location, facility, or vehicle which is used to store, to transport, or to secure a radiographic exposure device, a storage container, or a sealed source when it is not in use and which is locked or has a physical barrier to prevent accidental exposure, tampering with, or unauthorized removal of the device, container, or source.

  • Destination facility means a facility that treats, disposes of, or recycles a particular category of universal waste, except those management activities described in subparagraphs (a) and (c) of sections 273.13 and 273.33. A facility at which a particular category of universal waste is only accumulated, is not a destination facility for purposes of managing that category of universal waste.

  • On-site generation facility means a generation facility,

  • Dining area means a public room or area in which meals are regularly served.

  • Service Areas means those areas within the Building used for stairs, elevator shafts, flues, vents, stacks, pipe shafts and other vertical penetrations (but shall not include any such areas for the exclusive use of a particular tenant).

  • Common Language Location Identifier (CLLI) codes provide a unique 11-character representation of a network interconnection point. The first 8 characters identify the city, state and building location, while the last 3 characters identify the network component.

  • On-Site Generators means generation facilities (including Behind The Meter Generation) that (i) are not Capacity Resources, (ii) are not injecting into the grid, (iii) are either synchronized or non-synchronized to the Transmission System, and (iv) can be used to reduce demand for the purpose of participating in the PJM Interchange Energy Market.