Subject Quantity definition

Subject Quantity means for a Month the quantity of Oil equal to the sum of (a) the Scheduled Amount of Production Payment Oil for such Month, plus (b) the Adjustment Amount for such Month.
Sample 1Sample 2
Subject Quantity means for each Month the quantity of Hydrocarbons (expressed in MMBtus) equal to the sum of (a) the Scheduled Amount for such Month, plus (b) the Adjustment Quantity for such Month.
Sample 1
Subject Quantity means for each Day the quantity of Hydrocarbons having the MMBtu Equivalent equal to the sum of (a) the Scheduled Amount for all Properties for such Day, plus (b) the Adjustment Quantity for such Day. "Subject Well" or "Subject Xxxxx" means (a) with respect to all Subject Interests other than the Xxxx-Xxxxxxx Production Payment, any and all xxxxx now located on the Leases or hereafter drilled on the Leases, and any other xxxxx now or hereafter located on lands, waterbottoms or leases pooled, communitized or unitized with the Leases, from the surface to the total depth to which any such well or xxxxx may be drilled, including, without limitation, the xxxxx identified on Exhibit A, and (b) with respect to the Xxxx-Xxxxxxx Production Payment, those xxxxx specified in Exhibit A for the HHOC Properties, and any subsequently drilled "Xxxxx" under the conveyance of the Xxxx-Xxxxxxx Production Payment and amendments thereto described in Exhibit A. "Taxes" means all ad valorem, property, occupation, gathering, pipeline regulating, windfall profit, severance, gross production, energy, Btu, excise and other taxes and governmental charges and assessments imposed on the Subject Interests or the Overriding Royalty, including the Overriding Royalty Hydrocarbons, other than income taxes. "Termination Time" is defined in Section 1.03 hereof. "Working Interest" means the percentage interest in oil and gas leaseholds, including working interests, operating rights interests or other expense-bearing interests, and mineral fee or ownership interests. ARTICLE III MISCELLANEOUS SECTION 3.01.
Sample 1

Examples of Subject Quantity in a sentence

  • If the Subject Quantity is greater than ten percent (10%) of the Contractual Minimum for the preceding Contract Year, the parties shall negotiate in good faith an appropriate adjustment to the Contractual Minimum for the next Contract Year, taking into account whether the same or different Subject Quantity is reasonably expected during such next Contract Year.

  • Xxxxxx and OraSure each shall keep records sufficient, in accordance with generally accepted accounting principles in the United States, to permit verification of the determination of the Subject Quantity made under Section 2.7, above, and any other information required by Section 2.7, and as may be required to confirm that each such party is marketing and selling Product within the segments permitted under this Agreement.

  • Such accountants shall report to the party requesting the audit only the amount by which the Subject Quantity in respect of the audited period was overstated or understated and the amount of Product being sold by either party which is not in compliance with this Agreement, and the basis for such determination, and shall make such report simultaneously available to both OraSure and Xxxxxx.

  • Any dispute regarding the Subject Quantity or regarding whether a party is marketing or selling Products in a segment which is not in compliance with this Agreement, shall be brought to the Oversight Committee for resolution and, if not resolved, shall be handled pursuant to Section 5.13.

  • Seller shall also use its reasonable best efforts to cause the Subject Xxxxx to produce each day that quantity of Production Payment Hydrocarbons equal to its pro rata part of the Gas Subject Quantity and Oil Subject Quantity for such day.


More Definitions of Subject Quantity

Subject Quantity means for each Month the quantity of Hydrocarbons (expressed in MMBtus) equal to the sum of (a) the Scheduled Amount for such Month, plus (b) the Adjustment Quantity for such Month. "Subject Properties" has the meaning set forth in the Assignment and Agreement. "Subject Xxxxx" means the Xxxxx defined in the Assignment and Agreement. "Xxxxxx County Production Payment" means collectively (a) the "Production Payment" reserved by Grantor in Part II of the Assignment and Agreement, and (b) the "Production Payment" conveyed to Grantor in Part II of the InterCoast Conveyance. "Taxes" means all ad valorem, property, occupation, gathering, pipeline regulating, windfall profit, severance, gross production, energy, Btu, excise and other taxes and governmental charges and assessments imposed on the Subject Properties, the Subject Interests or the Production Payment, other than income taxes. "Termination Time" has the meaning set forth in Section 1.03 above. <PAGE> 49 "Working Interest" means the percentage undivided interest in oil and gas leaseholds, including working interests, operating rights interests or other expense-bearing interests and mineral fee or ownership interests. ARTICLE III MISCELLANEOUS SECTION 3.01
Sample 1
Subject Quantity means for a Month the quantity of Hydrocarbons equal to the sum of (a) the Scheduled Amount of Production Payment Hydrocarbons for such Month, plus (b) the Adjustment Quantity for such Month, plus (c) the Accelerated Quantity for such Month.
Sample 1

Related to Subject Quantity

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • Type B quantity means a quantity of radioactive material greater than a Type A quantity.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Type A quantity means a quantity of radioactive material, the aggregate radioactivity of which does not exceed A1 for special form radioactive material or A2 for normal form radio- active material, where A1 and A2 are given in Appendix O or may be determined by procedures described in Appendix O.

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Required Quantity in a unit price Contract shall mean the actual quantity of any item of Work or materials which is required to be performed or furnished in order to comply with the Contract.

  • Metered Quantity means apparent power, reactive power, active power, with associated time tagging and any other quantity that may be measured by a Party’s Metering Equipment and that is reasonably required by either Party for Security reasons or revenue requirements.

  • Delivery Point means the point(s) of connection(s) at which energy is delivered into the Grid System i.e. the Interconnection Point.

  • tons means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I of the International Convention on Tonnage Measurement of Ships, 1969; the word “tonnage” shall be construed accordingly.

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • Share Delivery Quantity For any Settlement Date, a number of Shares, as calculated by the Calculation Agent, equal to the Net Share Settlement Amount for such Settlement Date divided by the Settlement Price on the Valuation Date for such Settlement Date.

  • Small quantity generator means a generator who generates less than 1000 kg of hazardous waste in a calendar month.

  • Quantity means either tonnage or volume, depending on which term is the standard in the mining industry for the type of mineral;

  • Feedstock means any controlled substance or new substance that undergoes chemical transformation in a process in which it is entirely converted from its original composition and whose emissions are insignificant,

  • Delivery Points means: (i) for natural gas transported by interstate pipelines, the city gate stations of your Utility, and (ii) for electricity, one or more points at which Company, as your agent, has arranged for the delivery of electricity to a third party (such as your Utility) for your account or at your premises.

  • Supply Point means the point of connection between the licensed network and your apparatus or equipment.

  • INTER-CONNECTION POINT/ DELIVERY/ METERING POINT means a single point at 220kV or above, where the power from the Project(s) is injected into the identified ISTS Substation (including the dedicated transmission line connecting the Projects with the substation system) as specified in the RfS document. Metering shall be done at this interconnection point where the power is injected into. For interconnection with grid and metering, the WPDs shall abide by the relevant CERC/ SERC Regulations, Grid Code and Central Electricity Authority (Installation and Operation of Meters) Regulations, 2006 as amended and revised from time to time.

  • Feedstock Gas means natural gas used as a raw material for its chemical properties in creating an end product.

  • Crude Oil means any liquid hydrocarbon mixture occurring naturally in the earth whether or not treated to render it suitable for transportation and includes:

  • Minimum Order Quantity means the minimum number of batches of a Product to be produced during the same cycle of manufacturing as set forth in a Product Agreement on Schedule B;

  • Delivery Month means each month specified as such by the Exchange pursuant to

  • Bill of Quantities means the priced and completed Bill of Quantities forming part of the tender.

  • Biodiesel means a fuel composed of mono-alkyl esters of long chain fatty acids derived from vegetable oils or animal fats, and, in accordance with standards specified by the American society for testing and materials, designated B100, and meeting the requirements of D-6751, as approved by the department of agriculture.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • MMBtu means one million British Thermal Units.

  • Ethanol blended gasoline means the same as defined in section 214A.1.