Triggering Events

Example Definitions of "Triggering Events"
Triggering Events. Triggering Event I, Triggering Event II, Triggering Event III, Triggering Event IV, Triggering Event V and Triggering Event VI, collectively
Triggering Events. (a) the 3 month trailing average monthly aggregate production from the oil and gas properties of Empire Texas LLC operated by PIE Operating LLC shall have increased by 20% from the 3 month trailing average monthly production of the same properties as of July 2020, in each case as set forth in the relevant RRC Monthly Production Reports, (b) aggregate expenditures on well workovers by PIE Operating LLC under the Joint Development Agreement shall have exceeded US$1 million, and (c) the Company... shall have effected a Capital Reorganization mutually agreeable to the Company and the Warrant Holder. View More
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