Saudi Aramco definition

Saudi Aramco means Saudi Arabian Oil Company.
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Saudi Aramco shall have the meaning set forth in the Preamble.
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Saudi Aramco has the meaning given in the Preamble, provided that in Schedule 13 (Specifications) a reference to Saudi Aramco means Saudi Aramco Customer;
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Examples of Saudi Aramco in a sentence

  • Saudi Aramco is engaged in prospecting, exploring, drilling, extracting, processing, manufacturing, refining and marketing hydrocarbon substances within the Kingdom and has interests in refining, petrochemical, distribution, marketing and storage facilities outside the Kingdom.

  • For management purposes, Saudi Aramco is organized into business units based on the main types of activities.

  • Transaction prices are not adjusted for the time value of money as Saudi Aramco does not have any contracts where the period between the transfer of product to the customer and payment by the customer exceeds one year.

  • Supply and Lease AgreementsThe Parent Company has assigned all its rights and obligations to PSTPL (as Assignee) to have a term contract to purchase the Parent Company’s crude oil requirements from Saudi Arabian Oil Company (Saudi Aramco), based on the latter’s standard Far East selling prices and Kuwait Petroleum Corporation (KPC) to purchase Kuwait Export Crude Oil (KEC) at pricing based on latter’s standard KEC prices.

  • Saudi Aramco uses interest rate swaps and currency forward contracts to manage its exposure to fluctuations in interest rates and foreign exchange rates.

  • Associates are entities over which Saudi Aramco has significant influence.

  • The government is planning to privatise some of the PSEs to improve productivity, through a state asset privatisation plan launched in 2017.313.6 Saudi Arabia In 2019, there were two Saudi Arabian PSEs, Saudi Aramco and Saudi Basic Industries Corporation (SABIC), in the Fortune Global 500 list, operating in the oil and natural gas and petrochemical sectors respectively.32 Saudi Aramco has a large global presence with representative offices, joint ventures and subsidiaries in Asia, Europe and North America.

  • Regular purchases and sales of financial assets are recognized on the trade-date, which is the date on which Saudi Aramco commits to purchase or sell the asset.

  • The contract with Saudi Aramco is from November 1, 2013 to December 31, 2014 while the contract with KPC is from January 1, 2015 to December 31, 2015 both with automatic annual extension thereafter unless terminated at the option of either party, upon at least 60 days written notice.

  • If the Debtors are unable to finalize a settlement agreement with AB&B and Saudi Aramco, litigation among the parties should be expected.


More Definitions of Saudi Aramco

Saudi Aramco shall have the meaning set forth in the Preamble. “Saudi Aramco Default Price” shall mean the price payable to the Dow Founding Shareholder for the Dow Founding Shareholder’s entire Ownership Interest pursuant to Section 18.2(b)(ii) (Consequences of Events of Default) and shall be calculated as follows: [***] [***] Confidential treatment has been requested. The redacted material has been separately filed with the Commission. - 22 - [***] “Saudi Aramco Founding Shareholder” shall mean:
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Saudi Aramco has the meaning given in the Preamble, provided that in Schedule 13 (Specifications) a reference to Saudi Aramco means Saudi Aramco Customer; “Saudi Aramco Customer” has the meaning given to such term in the Shareholders’ Agreement; “Saudi Aramco Group” has the meaning given in Clause 7.1 (Indemnities); “SCA Survey” means a detailed Systems Condition Assessment conducted by the American Bureau of Shipping or another mutually agreed third party in accordance with the terms of reference set forth on Schedule 4 (SCA Survey Procedures), the costs of which shall be borne equally by Rowan and Saudi Aramco; “Shareholders” has the meaning given in the Preamble; 8 US-DOCS\80810184.2 Exhibit 2.1 “Shareholders’ Agreement” means that certain Shareholders’ Agreement relating to the Company, dated as of the date hereof, among Rowan, Saudi Aramco and the Company; “Shortfall Amount” means, in respect of a Replacement Rig, the difference between the Asset Contribution Value of such Replacement Rig (and its related Assets) and the Asset Contribution Value of the Rig (and its related Assets) for which such Replacement Rig is being contributed as a replacement; “Specifications” means: (i) in respect of the JB58 Rig, the material specifications set forth on Schedule 13 (Specifications); and (ii) in respect of each Rig other than the JB58 Rig, the material specifications contained in Schedule G of the Saudi Aramco Customer ‘Contract for Offshore Drilling and Workover Rig’ with respect to that Rig; “SPS” has the meaning given in Part II of Schedule 1 (Valuation of Asset Contribution); “Standard Cost” means, in respect to any item of consumable stock, a value equal to:
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Saudi Aramco has the meaning set forth in the Preamble and/or any Qualifying Affiliate of Saudi Aramco which at any given time holds Shareholder Instruments (as appropriate) and who shall, for the avoidance of doubt be treated as one (1) entity for all purposes under this Agreement (including for the purposes of determining their collective Ownership Interest and the purposes of clauses 6.1(b), 6.1(d), 6.6(b), 15 and 16);
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Related to Saudi Aramco

  • CMBI means Chase Manhattan Bank International, an indirect wholly-owned subsidiary of Bank, located in Moscow, Russia, and any nominee companies appointed by it.

  • ESMA means the European Securities and Markets Authority.

  • snippet shall have the meaning set out at Recital A;","hash":"813a6ffb30076cb349f66a8364b0fb3a","id":6},{"size":1,"snippetLinks":[{"key":"meaning","type":"clause","offset":[8,15]},{"key":"set","type":"clause","offset":[16,19]},{"key":"the-recitals","type":"clause","offset": [29,41]}],"samples":[{"uri":"/contracts/jhwMa33a02i#assignment-letter","label":"License and Supply Agreement (Vivus Inc)","score":21}],"snippet":"has the meaning set forth in the Recitals.","hash":"8147307746bce1e7e7ce0d9d9441a89a","id":7},{"size":1,"snippetLinks":[{"key":"the-particulars","type":"clause","offset":[6,21]},{"key":"assignment- to","type":"clause","offset":[29,42]},{"key":"performed-by","type":"clause","offset":[46,58]},{"key":"associate","type":"clause","offset":[63,72]}],"samples":[{"uri":"/contracts/kaNWrTtfjki#assignment-letter","label":"Agreement and Terms of Business","score":21}],"snippet":"means the particulars of the Assignment to be performed by the Associate.","hash":"bd75f1727aae028050aeece2ac32060a","id":8},{"size":1,"snippetLinks":[{"key":"that-certain","type":"definition","offset":[6,18]},{"key":"assignment","type":"clause","offset":[19,29]},{"key":"side-letter","type":"clause","offset":[30,41]},{"key":"dated-as-of","type":"definition","offset":[43,54]},{"key":"date- hereof","type":"clause","offset":[59,70]},{"key":"borrower","type":"clause","offset":[78,86]},{"key":"administrative-agent-and-lenders","type":"clause","offset":[88,120]}],"samples":[{"uri":"/contracts/84rXUsuvT9Q#assignment-letter","label":"Financing Agreement (TherapeuticsMD, Inc.)","score":21}],"snippet":"means that certain Assignment Side Letter, dated as of the date hereof, among Borrower, Administrative Agent and Lenders.","hash":"542ac5f8004066ce75a5a5108ba840c2","id":9}],"nextCurs":""}} id=pagination-first-page> , known to be the person(s) who executed the previous instrument.

  • HARGA RIZAB Hartanah tersebut akan dijual “dalam keadaan xxxxx xxx” xxx tertakluk kepada satu harga rizab sebanyak RM180,000.00 (RINGGIT MALAYSIA SATU XXXXX XXXXX PULUH RIBU SAHAJA) xxx tertakluk kepada Syarat-Syarat Jualan xxx kebenaran (jika perlu) daripada Pihak Pemaju/Xxxx Punya xxx/atau pihak-pihak xxxx xxxx berkenaan. Jualan hartanah tersebut akan dikenakan cukai berdasarkan mana-mana Akta terkini atau selepasnya yang dikuatkuasa oleh Kerajaan Malaysia yang mana berkenaan.

  • Tabarru’ means donation for the purpose of solidarity and cooperation among the Takaful Participants and to be used to help all Takaful Participants in times of misfortune. In the context of the Company, Tabarru’ will be allocated into the Participants’ Risk Fund.

  • LHSIA means the Local Health System Integration Act, 2006, and the regulations made under it, as it and they may be amended from time to time;

  • CSAM or "Credit Suisse" (or any combination thereof).

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • Sukuk means a type of Islamic bond that is backed by assets of the issuer that earn profit or rent.

  • We/Our/Us means the Underwriters named in the Schedule.

  • BG means Bank Guarantee

  • GT means grams per tonne.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Asset Management Plan means a strategic document that states how a group of assets are to be managed over a period of time. The plan describes the characteristics and condition of infrastructure assets, the levels of service expected from them, planned actions to ensure the assets are providing the expected level of service, and financing strategies to implement the planned actions. The plan may use any appropriate format, as long as it includes the information and analysis required to be in a plan as described in Ontario’s Building Together: Guide for Asset Management Plans.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • SWDocID [[6027980]]" "" [[6027980]] on the date that such L/C Disbursement is made, if the Borrower shall have received notice of such L/C Disbursement prior to 10:00 a.m., New York City time, on such date, or, if such notice has not been received by the Borrower prior to such time on such date, then not later than 12:00 p.m., New York City time, on the Business Day immediately following the day that the Borrower receives such notice, if such notice is not received prior to such time on the day of receipt; provided that the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 or 2.04 that such payment be financed with an ABR Revolving Facility Borrowing, a Swingline Borrowing, a Term SOFR Revolving Facility Borrowing or, if applicable pursuant to Section 2.14, a Daily Simple SOFR Revolving Facility Borrowing in the amount of such L/C Disbursement and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Facility Borrowing, Swingline Borrowing, Term SOFR Revolving Facility Borrowing or Daily Simple SOFR Revolving Facility Borrowing, as applicable. If the Borrower fails to reimburse any L/C Disbursement when due, then the Administrative Agent shall promptly notify the Issuing Bank and each other Revolving Facility Lender of the applicable L/C Disbursement, the payment then due from the Borrower and, in the case of a Revolving Facility Lender, such Xxxxxx’s Revolving Facility Percentage thereof. Promptly following receipt of such notice, each Revolving Facility Lender shall pay to the Administrative Agent in Dollars, its Revolving Facility Percentage of the payment then due from the Borrower, in the same manner as provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the Revolving Facility Lenders), and the Administrative Agent shall promptly pay to the Issuing Bank in Dollars, the amounts so received by it from the Revolving Facility Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the Issuing Bank or, to the extent that Revolving Facility Lenders have made payments pursuant to this paragraph to reimburse the Issuing Bank, then to such Lenders and the Issuing Bank as their interests may appear. Any payment made by a Revolving Facility Lender pursuant to this paragraph to reimburse the Issuing Bank for any L/C Disbursement (other than the funding of an ABR Revolving Facility Borrowing, a Swingline Borrowing, a Term SOFR Revolving Facility Borrowing or a Daily Simple SOFR Revolving Facility Borrowing as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such L/C Disbursement.

  • IMRO means the Irish Music Rights Organisation CLG.

  • EUMA means the “SAP Delivered Support Agreement” which sets out the terms and conditions under which SAP provides support to End Users and which will be provided by SAP on a deal by deal basis.

  • SONIAi-pLBD means, in respect of any London Banking Day falling in the relevant Observation Period, the SONIA reference rate for the London Banking Day falling "p" London Banking Days prior to the relevant London Banking Day "i".

  • SAHRC means the South African Human Rights Commission.

  • We/Us/Our means TATA AIG General Insurance Company Limited.

  • SA means the booklet that describes the Health Care Coverage provided to Enrolled Members. The Subscriber Agreement(s) applicable to the initial Rating Period are listed in Section III.

  • LOCKHEED XXXXXX Procurement Representative means a person authorized by LOCKHEED XXXXXX'x cognizant procurement organization to administer and/or execute this Contract.

  • SAI means Statement of Additional Information.

  • TMDL means the total maximum daily load limitation of a parameter, representing the estimated assimilative capacity for a water body before other designated uses are adversely affected. Mathematically, it is the sum of wasteload allocations for point sources, load allocations for non-point and natural background sources, and a margin of safety.

  • SSC means the Secondary School Certificate (Standard X) examination conducted by Maharashtra State Board of Secondary and Higher Secondary Education or its equivalent certificate awarded by a recognised Board;