Redetermination Period definition
Examples of Redetermination Period in a sentence
The Fixed Account Minimum Interest Rate may vary by Redetermination Period as described in the Accumulation Provisions.
The redetermined rate will apply for that Redetermination Period.
The term of this Agreement for each System will remain in full force and effect for a primary term expiring at the end of the Redetermination Period (as defined in Exhibit 4.3) for such System (the “Primary Term”) and will continue in effect year to year thereafter (each, an “Extended Term”) unless terminated as provided in this Agreement.
Gatherer will estimate the future Capital Expenditures for each System for a period of five (5) Forecasted Years, but in no circumstance shall the forecast for Capital Expenditures extend beyond the Redetermination Period.
Upon inclusion of all other Capital Expenditure, Total Revenue, and Total Expense impacts in each COS Calculation, Gatherer shall adjust the Gathering Fee for the Anchor Shippers in each COS Calculation such that the net present value of the Net Cash Flow, discounted to Time Zero at an eighteen percent (18%) discount rate (the “Target IRR”) over the Redetermination Period for each System, shall be equal to zero (0).
The Volume Forecast is to include a forecast based on a ten (10) year drilling period and a fifteen (15) year production period, but in no circumstance shall the Volume Forecast extend beyond the Redetermination Period.
THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE, THE NOTES AND THE NOTE GUARANTEES WITHOUT GIVING EFFECT TO THE APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
If a new bond is not issued at such Redetermination Period, Buyer will confirm in writing to XTO Energy that the current performance bond is for a penal amount equal to or greater than the above requirements; it being understood that the financial security described in this section is not intended to cover new ▇▇▇▇▇, pipelines and/or platforms or equipment installed on the Properties after the Effective Time.
The Industry Expert shall be instructed to determine and submit to the Parties its decision regarding (i) adjustments to all or any portion of the Midcon Fees and PRP Fees; provided, however, that any increase or decrease to any Midcon Fees and PRP Fees determined by the Industry Expert shall be subject to the Midcon/PRP Redetermination Cap, and (ii) the amount of any True-Up Payment due in respect of the final Annual Redetermination Period.
Notwithstanding the provisions set forth above, if during any Redetermination Period it is determined that the estimated costs of the total remaining liabilities of Buyer is less than $3,000,000.00, then Buyer shall no longer be obligated to maintain the performance bond and the Parties shall execute such documentation as may be required to secure the release and termination of the performance bond.