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.
View Source
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.
View Source
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.
View Source

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.

  • Seller shall also use its reasonable best efforts to cause the Subject ▇▇▇▇▇ 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.

  • 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 ▇▇▇▇▇▇.

  • 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.


More Definitions of Subject Quantity

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 ▇▇▇▇▇" means (a) with respect to all Subject Interests other than the ▇▇▇▇-▇▇▇▇▇▇▇ Production Payment, any and all ▇▇▇▇▇ now located on the Leases or hereafter drilled on the Leases, and any other ▇▇▇▇▇ 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 ▇▇▇▇▇ may be drilled, including, without limitation, the ▇▇▇▇▇ identified on Exhibit A, and (b) with respect to the ▇▇▇▇-▇▇▇▇▇▇▇ Production Payment, those ▇▇▇▇▇ specified in Exhibit A for the HHOC Properties, and any subsequently drilled "▇▇▇▇▇" under the conveyance of the ▇▇▇▇-▇▇▇▇▇▇▇ 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.
View Source
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 ▇▇▇▇▇" means the ▇▇▇▇▇ defined in the Assignment and Agreement. "▇▇▇▇▇▇ 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
View Source