Reserves Information definition

Reserves Information means the estimates of the Company’s reserves as at December 31, 2011, the estimates of discounted future net cash flows prepared as of December 31, 2011 and the estimates of future net revenue described in the Reserves Disclosure.
View Source
Reserves Information means the estimates of the Company's reserves as at December 31, 2011, the estimates of discounted future net cash flows prepared as of December 31, 2011 and the estimates of future net revenue described in the Reserves Disclosure.
View Source

Examples of Reserves Information in a sentence

  • Upon request Seller shall make available to Buyer information regarding the Committed Reserves ("Reserves Information") to enable Buyer to evaluate same and the deliverability thereof, including well logs and pressure and flow tests.

  • Sellers acknowledge the strict confidential nature of the DI Reserves Information and hereby agree that any information prepared in connection with or in any way relating to Sellers' review and examination of the DI Reserves Information shall be kept confidential in accordance with Section 9.5 of this Agreement, except as may otherwise be necessary in connection with the Reserves Adjustment to take place on the fifth anniversary of the Closing Date in accordance with Section 2.4 of this Agreement.

  • In connection therewith, Buyer shall cause PennLife to give Sellers (including Sellers' officers, attorneys, accountants and actuaries) access, during normal business hours, to the books and records of PennLife to the extent they relate to the DI Reserves Information; provided, that such access does not unreasonably disrupt the normal operations of Buyer.

  • Other than with respect to Reserves Information, the representation for which is given in Paragraph (32) hereof, no forecast, budget or projection provided by or on behalf of the Company to the Purchaser contains any Misrepresentation and such forecasts, budgets and projections were prepared in good faith and at the time they were prepared contained reasonable estimates of the prospects of the business of the Company and its Subsidiaries.

  • Upon request, Seller shall make available to Buyer information regarding the Committed Reserves ("Reserves Information") to enable Buyer to evaluate the same and the deliverability thereof, including well logs and pressure and flow tests.