Tangible Costs definition

Tangible Costs or “Capital Expenditures” means those costs associated with property acquisition and drilling and completing natural gas and oil ▇▇▇▇▇ which are generally accepted as capital expenditures under the Code. This includes all of the following:

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Tangible Costs means those costs associated with property acquisition and the drilling and completion of oil and gas ▇▇▇▇▇ that are generally accepted as capital expenditures pursuant to the provisions of the Code. This includes:

Tangible Costs means those costs associated with property acquisitions and the drilling and completion of oil and gas ▇▇▇▇▇ which are generally accepted as capital expenditures pursuant to the provisions of the Code. This includes all costs of equipment, parts and items of hardware used in drilling and completing a well, and those items necessary to deliver acceptable oil and gas production to purchasers to the extent installed downstream from the wellhead of any well and which are required to be capitalized under the Code and its regulations. With respect to each additional well drilled on the Additional Well Locations, if any, Developer shall pay Operator, in proportion to the share of the Working Interest owned by the Developer in the ▇▇▇▇▇, one hundred percent (100%) of the estimated Intangible Drilling Costs and Tangible Costs for the well on execution of the applicable addendum pursuant to Section l(c) above. Notwithstanding, Atlas' payments for its share of the estimated Tangible Costs of drilling and completing all additional ▇▇▇▇▇ as the Managing General Partner of the Developer shall be paid within five (5) business days of notice from Operator that the costs have been incurred. The Developer's payment shall be nonrefundable in all events in order to enable Operator to do the following:

Examples of Tangible Costs in a sentence

• Intangible Drilling Costs and the Participants’ share of Tangible Costs of a well or ▇▇▇▇▇ to be drilled and completed with the proceeds of a Partnership closing shall be charged 100% to the Participants who are admitted to the Partnership in that closing and shall not be reallocated to take into account other Partnership closings.

• Intangible Drilling Costs and Tangible Costs charged to the Participants as a group shall be allocated among the Participants, including the Managing General Partner to the extent of any optional subscription for Units under §3.03(b)(1), in the ratio of the subscription amount designated on their respective Subscription Agreements rather than the number of their respective Units.

• The Developer shall pay to Operator, in proportion to the share of the Working Interest owned by the Developer in the ▇▇▇▇▇, one hundred percent (100%) of the estimated Intangible Drilling Costs and Tangible Costs as those terms are defined below, for drilling and completing all initial ▇▇▇▇▇ on execution of this Agreement.

• Notwithstanding, Atlas' payments for its share of the estimated Tangible Costs as that term is defined below of drilling and completing all initial ▇▇▇▇▇ as the Managing General Partner of the Developer shall be paid within five (5) business days of notice from Operator that the costs have been incurred.

• Excess Funds and Cost Overruns - Intangible Drilling Costs; Excess Funds and Cost Overruns - Tangible Costs..................................................................

• All remaining Tangible Costs in excess of an amount equal to 10% of the Partnership’s subscription proceeds shall be charged 100% to the Managing General Partner.

• Ten percent (10%) of the Partnership’s subscription proceeds received from the Participants shall be used by the Partnership to pay Tangible Costs.

• Notwithstanding the foregoing, Atlas’ payments for its share of the estimated Tangible Costs, as that term is defined below, of drilling and completing all initial ▇▇▇▇▇ as the Managing General Partner of the Developer shall be paid within five (5) business days of notice from Operator that the costs have been incurred.

• All remaining Tangible Costs in excess of the amount of Tangible Costs paid with the Partnership’s subscription proceeds shall be charged 100% to the Managing General Partner.

• Intangible Drilling Costs and Tangible Costs charged to the Participants as a group shall be allocated among the Participants, including the Managing General Partner to the extent of any optional subscription under ss.3.03(b)(2), in the ratio of the subscription price designated on their respective Subscription Agreements rather than the number of their respective Units.

More Definitions of Tangible Costs

Tangible Costs means the cost of equipment and supplies used in the drilling, testing, completing and producing oil and gas from a well to the extent the equipment and supplies have a salvage value and are capitalized for federal income tax purposes.

Tangible Costs means those costs associated with the drilling and completion of oil and gas ▇▇▇▇▇ which are generally accepted as capital expenditures pursuant to the provisions of the Code. This includes all costs of equipment, parts and items of hardware used in drilling and completing a well, and those items necessary to deliver acceptable oil and gas production to purchasers to the extent installed downstream from the wellhead of any well and which are required to be capitalized under the Code and its regulations. With respect to each additional well drilled on the Additional Well Locations, if any, Developer shall pay Operator, in proportion to the share of the Working Interest owned by the Developer in the ▇▇▇▇▇, one hundred percent (100%) of the estimated Intangible Drilling Costs and Tangible Costs for the well on execution of the applicable addendum pursuant to Section l(c) above. Notwithstanding, Atlas' payments for its share of the estimated Tangible Costs of drilling and completing all additional ▇▇▇▇▇ as the Managing General Partner of the Developer shall be paid within five (5) business days of notice from Operator that the costs have been incurred. The Developer's payment shall be nonrefundable in all events in order to enable Operator to do the following:

Tangible Costs means those costs associated with drilling and completion of oil and gas wells which are generally accepted as capital expenditures under the Internal Revenue Code. This includes all costs of equipment, parts and items of hardware used in drilling and completing a well, and those items necessary to deliver acceptable natural gas and oil production to purchasers to the extent installed downstream from the wellhead of any well and which are required to be capitalized under applicable provisions of the Internal Revenue Code and regulations thereunder.

Tangible Costs means those costs associated with property acquisition and the drilling and completion of oil and natural gas wells that are generally accepted as capital expenditures pursuant to the provisions of the Code. This includes: