PUD Xxxxx definition

PUD Xxxxx means those Xxxxx drilled on any of the PUD Properties.

PUD Xxxxx is defined in Section 4.3.

Examples of PUD Xxxxx in a sentence

• Vanguard shall advance its proportionate share of all Monthly Well AFE’s for PUD Xxxxx to be drilled during the following month within five (5) Business Days of its receipt thereof.

• If Vanguard elects to participate in a PQDP, within fifteen (15) days of Vinland’s receipt of Vanguard’s written response, Vinland shall provide Vanguard with an AFE for the drilling costs for each of the PUD Xxxxx to be drilled during the first month of the applicable calendar quarter (a “Monthly Well AFE”).

• Provided such PUD Xxxxx are so drilled during the applicable calendar quarter (i) those PUD Xxxxx shall be for Vanguard’s own account and thereafter not be subject to this Agreement and (ii) Vinland shall assign to AE or TEC, as directed, all of Vinland’s right, title and interest in such PUD Xxxxx using the form attached hereto as Exhibit C, which assignment shall be consummated no later than twenty (20) Business Days after the date on which such Xxxxx are completed.

• Vinland shall not propose less than twenty five (25) PUD Xxxxx, nor more than forty (40) PUD Xxxxx in any PQDP.

• It is expressly understood that Vinland may not, without the express written consent of Vanguard, propose the drilling of more than forty (40) PUD Xxxxx during any PQDP.

• Vinland agrees to use all funds from Vanguard’s payment of the Monthly Well AFEs to pay for the drilling, completion and equipping of the relevant PUD Xxxxx.

• Thereafter, Vinland will submit a Monthly Well AFE by the fifteenth day of each month for each of the PUD Xxxxx to be drilled in the following month.

• The following procedures shall apply to all PUD Xxxxx to be drilled on the oil and gas leases which comprise the AMI Interests.

• Within sixty (60) days after the end of each PQDP quarter, Vinland shall prepare and deliver to Vanguard a true accounting of all PUD Xxxxx drilled during the previous calendar quarter.

• Second, Chelan PUD is a party to the 1997 Agreement for the Hourly Coordination of Projects on the mid-Columbia River (Hourly Coordination Agreement), along with Xxxxxxx PUD, Xxxxx PUD, and the Bonneville Power Administration (BPA).