Recalculated Participating Interest definition

Recalculated Participating Interest means the reduced Participating Interest of a Participant as recalculated under Sections 8.5, 8.6 or 9.5 of the Agreement.
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Recalculated Participating Interest means the reduced Participating Interest of a Participant as recalculated under SECTIONS 9.5, 9.6 or 10.5 of the Agreement.
Sample 1Sample 2

Examples of Recalculated Participating Interest in a sentence

  • Similarly, if such final adjustment as provided under Section 9.5 results in a Recalculated Participating Interest for either Participant of less than 10% for a Program Period as to which the provisional calculation under Section 9.5 had not resulted in a Participating Interest of less than 10%, then such Participant, at its election within 30 days after notice of the final adjustment, may contribute an amount resulting in a revised final adjustment and resultant Recalculated Participating Interest of 10%.

Related to Recalculated Participating Interest

  • Participating Interest is defined in Section 1.2(d) hereof.

  • 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.

  • Percentage Stock Ownership means the percentage Stock Ownership interest of any Person or group (as the context may require) for purposes of Section 382 of the Code as determined in accordance with the Treasury Regulation § 1.382-2T(g), (h), (j) and (k) or any successor provision.