Examples of Seismic Licence in a sentence
As part of the Agreement, PrairieSky and Encana entered into: (i) a Seismic Licence Agreement whereby Encana granted a Seismic Licence to PrairieSky; and (ii) Lease Issuance and Administration Agreements whereby PrairieSky issued leases to document Encana’s retention of its working interest in respect of certain Fee Lands and pursuant to which PrairieSky receives royalties from Encana.
As part of the Agreement, PrairieSky and Encana entered into: (i) a Seismic Licence Agreement whereby Encana granted the Seismic Licence to PrairieSky; and (ii) Lease Issuance and Administration Agreements whereby PrairieSky issued leases to document Encana’s retention of its working interest in respect of certain Fee Lands and pursuant to which PrairieSky receives royalties from Encana.
As part of the Agreement, PrairieSky and Encana will enter into: (i) a Seismic Licence Agreement for which Encana will grant a Seismic Licence to PrairieSky; and (ii) Lease Issuance and Administration Agreements pursuant to which PrairieSky will issue leases to document Encana’s retention of its working interest in respect of certain Fee Lands and pursuant to which PrairieSky will receive royalties from Encana.
The alternative is a second-best price equal to average total cost, which will be associated with a deadweight loss from users priced off the system.
We work closely with our industry partners on workforce needs and new program initiatives. Philanthropic funds were secured from Hydro Flask to launch a new Outdoor Products Degree program, which will support this industry cluster. Expanded programs and enrollment will infuse new dollars into the local economy. Gary and Cheryl Davis established a bequest that will ultimately create a scholarship for students studying entrepreneurship at OSU-Cascades.
If the Parties have not succeeded in negotiating the Seismic Licence for execution and delivery at Closing, they shall nevertheless be bound by the principles of the form of seismic licence agreement referenced in the folder entitled “Seismic Licence” indexed at item 1.10.10.1 of the Data Room Information with the Purchaser as the licensor and the Vendors as the licensees.
Within a reasonable period of time following the Closing Date, and subject to Clause 14.2, the Vendors shall deliver the Proprietary Seismic Data to the Purchaser and retain a licenced copy thereof pursuant to the Seismic Licence, provided however, that nothing shall require the Vendors to deliver to the Purchaser Proprietary Seismic Data which it is legally prohibited from conveying.
Subject to the terms and conditions of this Agreement, the Purchaser hereby agrees to grant the Seismic Licence to the Vendors at Closing, and the Vendors agree to accept the Seismic Licence from the Purchaser at Closing, on and subject to the terms of the Seismic Licence.
The Purchaser shall execute and deliver to Vendors the Seismic Licence at the Closing Date in respect of the Proprietary Seismic Data.
The licence granted to the Company under the Seismic Licence Agreement is fully paid, perpetual, irrevocable, royalty-free, non-exclusive and, subject to certain limitations, transferable.