Election at Casing Point Sample Clauses

Election at Casing Point. After any well has been drilled to the objective depth stated in the initial notice and appropriate tests have been made, herein referred to as casing point, Operator shall give immediate notice to Hesed setting forth its recommendation with respect to the running and setting of a production string of casing and completing the well. Hesed shall have a period of twenty-four (24) hours thereafter within which to notify the Operator whether or not it desires to participate in the running and setting of the production string of casing and the completion of the well. The decision shall be made in the sole discretion of Hesed. If Hesed elect to participate, Operator must participate in such activities to the extent of its interest, if any, in the well and shall conduct the proposed operation with respect to the running and setting of the production string of casing and completing the well for the account of all such Parties.
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Election at Casing Point. After any Development Well has been drilled to the objective depth as stated in the notice in Article 11.11.1 or in Article 12.1 and appropriate data obtained, if in Unit Operator's opinion the running and setting of a production string of casing should not be conducted and completion should not be attempted, Unit Operator shall so notify all Working Interest Owners who participated in the drilling of said well immediately by telegraph or telephone, to be confirmed in writing. Each such Working Interest Owner shall have a period of twenty-four (24) hours thereafter in the case of non-platform ▇▇▇▇▇ and forty-eight (48) hours in the case of platform ▇▇▇▇▇ in which to notify Unit Operator in like manner whether or not it desires to run and set a
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Related to Election at Casing Point

  • Interconnection Customer Compensation for Actions During Emergency Condition The CAISO shall compensate the Interconnection Customer in accordance with the CAISO Tariff for its provision of real and reactive power and other Emergency Condition services that the Interconnection Customer provides to support the CAISO Controlled Grid during an Emergency Condition in accordance with Article 11.6.

  • Mileage Measurement Where required, the mileage measurement for LIS rate elements is determined in the same manner as the mileage measurement for V&H methodology as outlined in NECA Tariff No. 4.

  • Progressive Payment For Property in which there is / are outstanding progressive payment(s) due to the Developer:- a. In the event that the Purchaser shall require a loan/financing to enable the completion of the purchase herein, the Purchaser shall notify the Assignee within thirty (30) days from the date of successful sale the details of the loan/financing and the Purchaser’s Financier by providing the Assignee a copy of the letter of offer for financing and on or before the Completion Date, the Purchaser shall cause the Purchaser’s Financier to issue a letter of undertaking to pay the balance progressive payment according to the schedule of the Sale and Purchase Agreement in favour of the Developer and to release the Assignee from its original undertaking. b. In the event that the Purchaser shall not require a loan/financing to enable the completion of the purchase herein, on or before the Completion Date, the Purchaser shall procure a letter of undertaking (acceptable to the Assignee) to pay the balance progressive payment according to the schedule of the Sale and Purchase Agreement in favour of the Developer and to release the Assignee from its original undertaking. c. Any outstanding progressive payment, charges, interests and/or penalty imposed as a result of the delay in settlement of the balance progressive payment or caused by the delay in the issuance of a letter of undertaking as stated above shall be solely borne and paid by the Purchaser.

  • Scheduled Downtime For the purposes of this Agreement, Scheduled Downtime will mean those hours, as determined by us but which will not occur between the hours of 9:00 AM and 5:00 PM Eastern Time, Monday through Friday without your authorization or unless exigent circumstances exist, during which time we will perform scheduled maintenance or adjustments to the Environment. We will use our best efforts to provide you with at least twenty-four (24) hours of notice prior to scheduling Scheduled Downtime.

  • Payment at Highest Lawful Rate If the Borrower is not obliged to make a payment that it would otherwise be required to make, as a result of Section 5.6(a), the Borrower shall make such payment to the maximum extent permitted by or consistent with applicable laws, rules and regulations.