Reserve target definition
Reserve target means the volume calculated for each active
Reserve target means those Targets set forth on Schedule 1.65, which Shire may designate as the Additional Target at any time through [***].
Reserve target means, with respect to a Performance Period Year, the budgeted amount of the Partnership’s and its subsidiaries’ reserves (expressed as BOE) as of the last day of such Performance Period Year as set forth in the Budget for such Performance Period Year.
Examples of Reserve target in a sentence
Reserve target levels shall be established in accordance with the SAWPA reserve policy, and as approved by the PA 24 Committee.
More Definitions of Reserve target
Reserve target means the budgeted amount of the Company’s reserves (expressed as BOE) as of the last day of the applicable Performance Period Year set forth in the Budget for such Performance Period Year, adjusted for changes in the number of Units outstanding during the Performance Period Year by dividing such budgeted amount of the Company’s reserves by the number of Units outstanding effective as of the first day of such Performance Period Year (including all Units that were granted to a member of the Board or an employee of the Company as compensation effective as of the first day of such Performance Period Year) and then multiplying such amount by the number of Units outstanding effective as of the close of business on the last day of such Performance Period Year (provided, however, that for purposes of calculating the “Reserve Target” for a Performance Period Year any Units that are repurchased by the Company after the first day of such Performance Period Year but effective as of the first day of such Performance Period Year will not reduce the number of Units outstanding effective as of the first day of such Performance Period Year).
Reserve target means the volume calculated for each active management area as prescribed by section 48‑3772, subsection E.
Reserve target means target level of Available Fund Balance/Unrestricted Funds expenditures.