Total Drilling Target definition

Total Drilling Target means that number of Development Xxxxx where the cumulative sum of all the Adjusted Development Well Amounts for such Development Xxxxx drilled or caused to be drilled by Assignor equals 123.
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Total Drilling Target means that number of Development Xxxxx where the cumulative sum of all the Adjusted Development Well Amounts for such Development Xxxxx equals 118.
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Total Drilling Target has the meaning assigned to such term in the Development Agreement.
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Examples of Total Drilling Target in a sentence

  • Chesapeake shall, subject to the terms of this Article II, drill or cause to be drilled, or participate as a non-operator in the drilling of, such number of Development Xxxxx as is necessary to achieve the Total Drilling Target on or prior to June 30, 2016.

  • The Development Xxxxx drilled to achieve the Total Drilling Target are listed in the attachment to this letter.

  • If XxxxXxxxx has not reached the Total Drilling Target by December 31, 2014, XxxxXxxxx shall, subject to the terms of this Article II, drill or cause to be drilled such number of Development Xxxxx that is necessary to achieve the Total Drilling Target on or prior to December 31, 2015.

  • XxxxXxxxx hereby certifies to the Trust that XxxxXxxxx achieved the Total Drilling Target on [insert date] and, therefore, such date shall be, for all purposes, established as the Drilling Obligation Completion Date.

  • Key confirmation may also provide assurance of private-key possession.For each of the KAS1 and KAS2 schemes, Party V shall have an identifier, IDV, that has an association with the key pair that is known (or discoverable) and trusted by party U (i.e., there shall be a trusted association between IDV and party V’s public key).

  • XxxxXxxxx shall, subject to the terms of Section 2.01(b) and the rest of this Article II, drill or cause to be drilled such number of Development Xxxxx that is necessary to achieve the Total Drilling Target on or prior to March 31, 2015.

  • XxxxXxxxx shall, subject to the terms of this Article II, drill or cause to be drilled such number of Development Xxxxx that is necessary to achieve the Total Drilling Target on or prior to December 31, 2016.

  • For the avoidance of doubt, each of the Oklahoma Cap and the Kansas Cap shall be equal to zero once XxxxXxxxx has drilled or caused to be drilled such number of Development Xxxxx that is necessary to achieve the Total Drilling Target.

  • If XxxxXxxxx has not reached the Total Drilling Target by March 31, 2015, XxxxXxxxx shall, subject to the terms of this Article II, drill or cause to be drilled such number of Development Xxxxx that is necessary to achieve the Total Drilling Target on or prior to March 31, 2016.

  • The obligations, covenants, agreements and undertakings described in Section 1.2(a) of this Mortgage are due to be performed on or before June 30, 2016 (the “Maturity Date”); provided, that if the Total Drilling Target (as defined in the Development Agreement) has not been achieved by such date, this Mortgage shall continue in full force and effect.

Related to Total Drilling Target

  • Soft Target means a target that will suffer minimum damage and cause minimum damage to the subject vehicle in the event of a collision.

  • KPI Target means the acceptable performance level for a KPI as set out in each KPI;

  • Acquisition Target means any Person becoming a Subsidiary of the Company after the date hereof; any Person that is merged into or consolidated with the Company or any Subsidiary of the Company after the date hereof; or any Person with respect to which all or a substantial part of that Person’s assets are acquired by the Company or any Subsidiary of the Company after the date hereof.

  • Acceptable earned value management system means an earned value management system that generally complies with system criteria in paragraph (b) of this clause.

  • Initial compliance period means the three-year compliance period that begins January 1, 1993, except for the MCLs for dichloromethane, 1,2,4-trichlorobenzene, 1,1,2-trichloroethane, benzo(a)pyrene, dalapon, di(2-ethylhexyl)adipate, di(2-ethyl- hexyl)phthalate, dinoseb, diquat, endothall, endrin, glyphosate, hexachlorobenzene, hexachlorocyclopentadiene, oxamyl, picloram, simazine, 2,3,7,8-TCDD, antimony, beryllium, cyanide, nickel, and thallium, as they apply to a supplier whose system has fewer than 150 service connections, for which it means the three-year compliance period that began on January 1, 1996.

  • Motor-driven cycle means every motorcycle that has a gasoline engine that (i) displaces less than

  • S&P CDO Monitor Test A test that will be satisfied on any date of determination (following receipt, at any time on or after the S&P CDO Monitor Election Date, by the Issuer and the Collateral Administrator of the Class Break-even Default Rates for each S&P CDO Monitor input file (in accordance with the definition of “Class Break-even Default Rate”)) if, after giving effect to a proposed sale or purchase of an additional Collateral Obligation, the Class Default Differential of the Highest Ranking Class of the Proposed Portfolio is positive. The S&P CDO Monitor Test will be considered to be improved if the Class Default Differential of the Proposed Portfolio that is not positive is greater than the corresponding Class Default Differential of the Current Portfolio.

  • Total tetrahydrocannabinol means the same as that term is defined in § 3.2-4112.

  • Eligible production company means that term as defined under section 455 of the Michigan business tax act, 2007 PA 36, MCL 208.1455.

  • Target means Trans-European Automated Real-time Gross Settlement Express Transfer payment system.

  • Dynamic driving task means the same as that term is defined in Section 41-26-102.1.

  • Cannabis testing facility means an entity registered by

  • Number of Students Who Began Program means the number of students who began the program who are scheduled to complete the program within the reporting calendar year.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • ASAM criteria means admission, continued service, transfer, and discharge criteria for the treatment of substance use disorders as published by the American Society of Addiction Medicine (ASAM).

  • Target Population means persons with low incomes who have one or more disabilities, including mental illness, HIV or AIDS, substance abuse, or other chronic health condition, or individuals eligible for services provided pursuant to the Lanterman Developmental Disabilities Services Act (Division 4.5 (commencing with Section 4500) of the Welfare and Institutions Code) and may include, among other populations, adults, emancipated minors, families with children, elderly persons, young adults aging out of the foster care system, individuals exiting from institutional settings, veterans, and homeless people.

  • Targeted case management means services that assist a beneficiary to access needed 2 medical, educational, social, prevocational, vocational, rehabilitative, or other community services. The 3 service activities may include, but are not limited to, communication, coordination and referral;

  • Student growth objective means an academic goal that teachers and designated supervisors set for groups of students.

  • Short-Term Resource Procurement Target means, for Delivery Years through May 31, 2018, as to the PJM Region, for purposes of the Base Residual Auction, 2.5% of the PJM Region Reliability Requirement determined for such Base Residual Auction, for purposes of the First Incremental Auction, 2% of the of the PJM Region Reliability Requirement as calculated at the time of the Base Residual Auction; and, for purposes of the Second Incremental Auction, 1.5% of the of the PJM Region Reliability Requirement as calculated at the time of the Base Residual Auction; and, as to any Zone, an allocation of the PJM Region Short-Term Resource Procurement Target based on the Preliminary Zonal Forecast Peak Load, reduced by the amount of load served under the FRR Alternative. For any LDA, the LDA Short-Term Resource Procurement Target shall be the sum of the Short-Term Resource Procurement Targets of all Zones in the LDA.

  • Pivotal Clinical Trial means a human clinical trial in any country that is prospectively designed to generate data intended to satisfy the requirements of 21 C.F.R. § 312.21(c) (as amended) in the U.S. or a similar clinical study prescribed by a Regulatory Authority from another country, from time to time, pursuant to Applicable Law.

  • COVID-19 test means a viral test for SARS-CoV-2 that is:

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • DNA profile means a letter or number code which represents a set of identification characteristics of the non-coding part of an analysed human DNA sample, i.e. the particular molecular structure at the various DNA locations (loci);

  • Sanctions Target means any Person: (a) that is the subject or target of any Sanctions; (b) named in any Sanctions-related list maintained by OFAC, the U.S. Department of State, the U.S. Department of Commerce or the U.S. Department of the Treasury, including the OFAC list of “Specially Designated Nationals and Blocked Persons;” (c) operating, organized or resident in a Sanctioned Jurisdiction; or (d) owned or controlled by any such Person or Persons described in the foregoing clauses (a)-(c).