Mineral Estate Sample Clauses

Mineral Estate. The Tribes expressly except from this agreement and reserve to themselves, all minerals of every kind and character in, on, and under the Leased Premises, other than the Oil and Gas as herein defined. However, the movement or use of soils, sand, and rock by Lessee for the purpose of constructing and improving the Leased Premises as required by this Lease shall be permitted and shall not be construed as mining.
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Mineral Estate. Any mineral estate acquired by the United States pursuant to section 104(e) underlying fee title lands ac- quired by the Pueblo of Santa Xxxxx shall not be developed without the consent of the Sec- retary of the Interior and the Pueblo of Santa Xxxxx.
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Mineral Estate. Landlord excepts and excludes the Mineral Estate from the Leased Premises. Nothing in this Lease shall be construed as granting Tenant any right, title or interest in the Mineral Estate.
Sample 1
Mineral Estate. An undivided 75% interest in the mineral estate in the following real property located in the 6th P.M., Albany County, Wyoming: Township 24N, Range 74W Section 7: lots 1, 2, 3, 4, X/0 X/0, X/0 Xxxxxxxx 00X, Xxxxx 74W Section 31: lots 1, 2, 3, 4, X/0 X/0, X/0 Xxxxxxxx 00X, Xxxxx 75W Section 1: lots 1, 2, 3, 4, S/2 Section 11: All EXHIBIT B Fee Lands The surface estate of the following real property located in the 6th P.M., Albany County, Wyoming: Township 24N, Range 74W Section 7: lots 1, 2, 3, 4, X/0 X/0, X/0 Xxxxxxxx 00X, Xxxxx 74W Section 31: xxxx 0, 0, 0, 0, X/0 X/0, E/2 Section 32: All Township 24N, Range 75W Section 1: lots 1, 2, 3, 4, S/2 Section 11: All
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Mineral Estate. The parties agree and acknowledge that a third party may own a portion, or all, of the mineral estate and therefore has the right to explore for and produce oil and gas in, under, and that may be produced from the Demised Properties. Under Wyoming law, the mineral estate is considered to be the dominate estate and the owner of the mineral estate has the legal right to reasonable use of the surface of the land to develop the minerals. In the event a portion of the Demised Properties is proposed to be used for such purpose, Tenant agrees that Landlord has the right, in its sole discretion, to negotiate with the third party pursuant to the Wyoming Split Estate Act contained in Wyo. Stat. Xxx. §§ 30-5-401 et. seq.; although parties agree to cooperate in the exercise of all rights granted to the surface owner pursuant to the act. Landlord shall be entitled to any and all compensation provided to the surface owner pursuant to the Wyoming Split Estate Act. Further, in the event a portion of the Demises Properties is so used, the parties agree that such use, whether temporary or permanent, shall be treated in the same manner as a taking for public or quasi-public use under Article 12. -47- MASTER LAND AND BUILDING LEASE [SIGNATURES FOLLOW ON NEXT PAGE] -48- MASTER LAND AND BUILDING LEASE IN WITNESS WHEREOF, the parties have executed this Lease to be effective as of the date first above written. THIS CONTRACT CONTAINS AN ARBITRATION PROVISION, WHICH MAY BE ENFORCED BY THE PARTIES LANDLORD: PIPE PORTFOLIO OWNER EXCHANGE (MULTI) LP, a Delaware limited partnership By: PIPE PORTFOLIO EXCHANGE GP LLC, a Delaware limited liability company, its general partner By: WPC HOLDCO LLC, a Maryland limited liability company, its sole member By: W. P. XXXXX INC., a Maryland corporation, its sole member By: /s/ Xxxx X. Xxxxxxxx Name: Xxxx X. Xxxxxxxx Title: Managing Director STATE OF NEW YORK ) ) ss. COUNTY OF NEW YORK ) On the 31st day of March in the year 2016 before me, the undersigned, a Notary Public in and for said state, personally appeared Xxxx X. Xxxxxxxx, proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument. /s/ Xxxxxx X. Xxxxxx Signature of Notary Public (Seal) Commission expires: 08/05/17 Commissio...
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Related to Mineral Estate

  • Real Estate All real property at any time owned or leased (as lessee or sublessee) by the Borrower or any of its Subsidiaries.

  • The Properties 3.1 All of the Properties are in England, Wales or Scotland.

  • Oil and Gas Properties Borrower will and will cause each of its Subsidiaries to, do or cause to be done all things reasonably necessary to preserve and keep in good repair, working order and efficiency all of its Oil and Gas Properties and other material Properties including, without limitation, all equipment, machinery and facilities, and from time to time will make all the reasonably necessary repairs, renewals and replacements so that at all times the state and condition of its Oil and Gas Properties and other material Properties will be fully preserved and maintained, except to the extent a portion of such Properties is no longer capable of producing Hydrocarbons in economically reasonable amounts. Borrower will and will cause each of its Subsidiaries to promptly: (i) pay and discharge, or make reasonable and customary efforts to cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its Oil and Gas Properties, (ii) perform or make reasonable and customary efforts to cause to be performed, in accordance with industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other material Properties, (iii) will and will cause each Subsidiary to do all other things necessary to keep unimpaired, except for Liens described in Section 9.03, its rights with respect to its Oil and Gas Properties and other material Properties and prevent any forfeiture thereof or a default thereunder, except to the extent a portion of such Properties is no longer capable of producing Hydrocarbons in economically reasonable amounts and except for Transfers permitted by Section 9.

  • Leased Properties Section 3.22 of the Disclosure Schedule sets forth a list of all of the leases and subleases ("Leases") and each leased and subleased parcel of real property in which the Company has a leasehold or subleasehold interest or to which the Company is a party either as landlord or sublandlord (the "Leased Real Property"). Each of the Leases are in full force and effect, and the Company holds a valid and existing leasehold or subleasehold interest or Landlord or Sublandlord interest as applicable, under each of the Leases described in Section 3.22 of the Disclosure Schedule. The Company has delivered to HK true, correct, complete and accurate copies of each of the Leases. With respect to each Lease set forth on Section 3.22 of the Disclosure Schedule: (i) the Lease is legal, valid, binding, enforceable and in full force and effect; (ii) to the Knowledge of the Company the Lease will continue to be legal, valid, binding, enforceable and in full force and effect on identical terms following the Closing; (iii) neither the Company, nor, to the Knowledge of the Company, any other party to the Lease, is in breach or default, and no event has occurred which, with notice or lapse of time, would constitute such a breach or default by the Company or permit termination, modification or acceleration under the Lease by any other party thereto; (iv) the Company has not, and, to the Knowledge of the Company, no third party has repudiated any provision of the Lease; (v) there are no disputes, oral agreements, or forbearance programs in effect as to the Lease; (vi) the Lease has not been modified in any respect, except to the extent that such modifications are disclosed by the documents delivered to HK; (vii) the Company has not assigned, transferred, conveyed, mortgaged, deeded in trust or encumbered any interest in the Lease (except for Permitted Liens); and (viii) the Lease is fully assignable to HK without the necessity of any consent or the Company shall obtain all necessary consents prior to the Closing.

  • Real Properties The Company does not have an interest in any real property, except for the Leases (as defined below).

  • Leasehold Estate Each Mortgaged Property consists of a fee simple estate in real estate or, if the related Mortgage Loan is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "Ground Lease"), by the related Mortgagor's interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "Fee Interest"), and as to such Ground Leases:

  • Real Estate Assets In order to create in favor of Collateral Agent, for the benefit of Secured Parties, a valid and, subject to any filing and/or recording referred to herein, perfected First Priority security interest in certain Real Estate Assets, Collateral Agent shall have received from Borrower and each applicable Guarantor:

  • Leaseholds If the Mortgage Loan is secured by a long-term residential lease, (1) the lessor under the lease holds a fee simple interest in the land; (2) the terms of such lease expressly permit the mortgaging of the leasehold estate, the assignment of the lease without the lessor's consent and the acquisition by the holder of the Mortgage of the rights of the lessee upon foreclosure or assignment in lieu of foreclosure or provide the holder of the Mortgage with substantially similar protections; (3) the terms of such lease do not (a) allow the termination thereof upon the lessee's default without the holder of the Mortgage being entitled to receive written notice of, and opportunity to cure, such default, (b) allow the termination of the lease in the event of damage or destruction as long as the Mortgage is in existence, (c) prohibit the holder of the Mortgage from being insured (or receiving proceeds of insurance) under the hazard insurance policy or policies relating to the Mortgaged Property or (d) permit any increase in rent other than pre-established increases set forth in the lease; (4) the original term of such lease is not less than 15 years; (5) the term of such lease does not terminate earlier than five years after the maturity date of the Mortgage Note; and (6) the Mortgaged Property is located in a jurisdiction in which the use of leasehold estates in transferring ownership in residential properties is a widely accepted practice;

  • The Property The Landlord agrees to lease the described property below to the Tenant: (enter the property information)

  • Title to the Properties Borrower will warrant and defend (a) the title to each Individual Property and every part thereof, subject only to Liens permitted hereunder (including Permitted Encumbrances) and (b) the validity and priority of the Liens of the Mortgages and the Assignments of Leases on the Properties, subject only to Liens permitted hereunder (including Permitted Encumbrances), in each case against the claims of all Persons whomsoever. Borrower shall reimburse Lender for any losses, costs, damages or expenses (including reasonable attorneys' fees and court costs) incurred by Lender if an interest in any Individual Property, other than as permitted hereunder, is claimed by another Person.

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