Total SPA definition

Total SPA means the sales and purchase agreement signed on December 5, 2013 with Total where we agreed to sell a gross 61.3% interest in PRL 15, which contains the Elk and Antelope gas fields. This agreement was subsequently replaced on March 26, 2014 with the Total SSA.
Total SPA means the sales and purchase agreement signed on December 5, 2013 with Total where we agreed to sell a gross 61.3% interest in PRL 15, which contains the Elk and Antelope gas fields. This agreement was subsequently revised on March 26, 2014 with Total under which Total acquired, through the purchase of all shares in a wholly owned subsidiary, a gross 40.1275% interest in PRL 15.
Total SPA means the LNG Sale and Purchase Agreement (FOB) dated December 14, 2012 between the Project Company and Total Gas & Power North America, Inc.

Examples of Total SPA in a sentence

  • The Total SPA stipulates fixed and variable resource-based payments that include $613.0 million payable on transaction completion, $112.0 million payable on a final investment decision for a new LNG plant, and $100.0 million payable at first LNG cargo from a proposed LNG facility.

  • Post completion of the Total SPA on March 26, 2014, this facility is expected to be repaid in April 2014.On December 5, 2013, the Company entered into agreements with Total to sell a gross 61.3% interest (net 47.5%, after PNG government back-in of 22.5%) in PRL 15, which contains the Elk and Antelope gas fields, and to also grant Total an option to farm-in to all our exploration licenses in PNG pursuant to the Total SPA.

  • All fixed and variable resource-based payments that were agreed under Total SPA dated December 5, 2013 continue to apply, including those for exploration, appraisal and resource certification, and are pro-rated according to the new equity split.

  • As at March 31, 2014, two installment payments amounting to $8,000,000 each which will be due for payment on May 9, 2014 and November 9, 2014, and a mandatory prepayment of $12,500,000 resulting from the completion of the Total SPA which was paid subsequent to the quarter end on April 28, 2014, have been reclassified into the current portion of the liability.

  • By: /s/ Xxxx Xxxxxxx -------------------------------- Name: Xxxx Xxxxxxx Title: President SCHEDULE A TO THE TRANSFER AGENCY AGREEMENT BETWEEN TAMARACK FUNDS TRUST AND BISYS FUND SERVICES OHIO, INC.

  • The payments for resources greater than 5.4 Tcfe will be paid at certification.Consolidated Financial Statements INTEROIL CORPORATION 34InterOil Corporation Notes to Consolidated Financial Statements (Expressed in United States dollars) 3.Financial Risk Management (cont’d)Completion of the Total SPA remained subject to government approval and acquisition of minority interests in PRL 15.

  • Completion of the Total SPA on March 26, 2014 is expected to bring these ratios within our internal targets.

  • Total SPA update:On December 5, 2013, the Company entered into agreements with Total to sell a gross 61.3% interest (net 47.5%, after PNG government back-in of 22.5%) in PRL 15, which contains the Elk and Antelope gas fields, and to also grant Total an option to farm-in to all our exploration licenses in PNG pursuant to the Total SPA.

  • The payments for resources greater than 5.4 Tcfe will be paid at certification.Completion of the Total SPA remained subject to government approval and the acquisition by InterOil of minority interests in PRL 15.

  • Post completion of the Total SPA on March 26, 2014, this facility is expected to be repaid in April 2014.


More Definitions of Total SPA

Total SPA means the LNG Sale and Purchase Agreement (FOB) dated December 14, 2012 between the Project Company and Total Gas & Power North America, Inc. “Train 6” means the sixth liquefaction Train of the Facility. “Train 6 SPA” means any LNG sale and purchase agreement executed by the Project Company with an Investment Grade buyer for delivery of LNG on an FOB basis from and after the date of first commercial delivery with respect to Train 6, which shall have terms and conditions (taken as a whole) substantially similar to the LNG SPAs. 2.2 Section 1.1 of the Agreement is further amended by amending the following defined terms to read as follows: “Capacity Charge” means (a) with respect to the BG SPA and the GN SPA, the Monthly Sales Charge, as defined thereunder, and (b) with respect to the Kogas SPA, the GAIL SPA, the Total SPA, the Centrica SPA and any Train 6 SPA, the constant component “Xy” of the contract sales price thereunder. “LNG SPA” means each of the following LNG sale and purchase agreements entered into by Project Company as seller of LNG: (a) the BG SPA, (b) the GN SPA, (c) the Kogas SPA, (d) the GAIL SPA, (e) the Total SPA, (f) the Centrica SPA and (g) any Train 6 SPA. 2.3 Article 1 of the Agreement is further amended by adding a new section 1.2 thereto reading as follows: 1.2 References to any agreement or instrument mean such agreement or instrument as it may be amended and restated or otherwise modified. 2.4 All provisions of the Agreement not specifically amended hereby shall remain in full force and effect. 3.

Related to Total SPA

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