UNIT AREA Sample Clauses

UNIT AREA. The following described land is hereby designated and recognized as constituting the unit area[Attach additional pages if needed.] Township , Range , N.M.P.M. Section Subdivisions Section Subdivisions Containing total acres, more or less. Counties: Exhibit "A" shows, in addition to the boundary of the unit area, the boundaries and identity of tracts and leases in said area to the extent known to the Unit Operator. Exhibit "B" attached hereto is a schedule showing to the extent known to the Unit Operator, the acreage, percentage, and kind of ownership of oil and gas interests in all lands in the unit area. However, nothing herein or in Exhibits "A" and "B" shall be construed as a representation by any party hereto as to the ownership of any interest other than such interest or interests as are shown in the Exhibits as owned by such party. Exhibits "A" and "B" shall be revised by the Unit Operator whenever changes in the unit area or in the ownership interests in the individual tracts render such revision necessary, or when requested by the Authorized Officer, hereinafter referred to as "AO", or when requested by the Commissioner of Public Lands of the State of New Mexico, hereinafter referred to as "Land Commissioner", and not less than four (4) copies of the revised Exhibits shall be filed with the proper Bureau of Land Management office, and one (1) copy thereof shall be filed with the Land Commissioner, and one (1) copy with the New Mexico Oil Conservation Division of the Energy and Minerals Department, hereinafter referred to as "Division". The above-described unit area shall, when practicable, be expanded to include therein any additional lands or shall be contracted to exclude lands whenever such expansion or contraction is deemed to be necessary or advisable to conform with the purposes of this agreement. Such expansion or contraction shall be effected in the following manner:
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UNIT AREA. The area described in a unit agreement as constituting the land logically subject to development under such agreement.
Sample 1
UNIT AREA. Th e ar e a desc r ibed i n an a g r xx x x x x x x co n s t i t u t i n g t h e l an d logic a ll y s u bjec t t o explo ra t io n an d/o r develop m e n t un de r s u c h a g r ee m e n t . Unitized la nd. Th ose l an ds an d fo r m a- t io n s wi t h i n a un i t ar e a w h ic h ar e co m - m i tt ed t o an a pp r oved a g r ee m e n t o r pl an . Unitized substances. Deposi t s of oil an d g a s co n t a i n ed i n t h e un i t ized l an d w h ic h ar e r ecove ra ble i n p ay i n g q uan- t i t ies b y ope ra t io n un de r an d p ur s uan t t o an a g r ee m e n t .
Sample 1
UNIT AREA. The area described in an agreement as constituting the land logically subject to exploration and/or development under such agreement. Unitized land. Those lands and forma- tions within a unit area which are com- mitted to an approved agreement or plan. Unitized substances. Deposits of oil and gas contained in the unitized land which are recoverable in paying quan- tities by operation under and pursuant to an agreement. Working interest. An interest held in unitized substances or in lands con- taining the same by virtue of a lease, operating agreement, fee title, or oth- erwise, under which, except as other- wise provided in the agreement, the owner of such interest is vested with the right to explore for, develop, and 43 CFR Ch. II (10–1–15 Edition) produce such substances. The rights delegated to the unit operator by the unit agreement are not regarded as a working interest. [48 FR 26766, June 10, 1983. Redesignated and amended at 48 FR 36587, Aug. 12, 1983; 51 FR 34603, Sept. 30, 1986] Subpart 3181—Application for Unit Agreement § 3181.1 Preliminary consideration of unit agreement. The model unit agreement set forth in § 3186.1 of this title, is acceptable for use in unproven areas. Unique situa- tions requiring special provisions should be clearly identified, since these and other special conditions may ne- cessitate a modification of the model unit agreement set forth in § 3186.1 of this title. Any proposed special provi- sions or other modifications of the model agreement should be submitted for preliminary consideration so that any necessary revision may be pre- scribed prior to execution by the inter- ested parties. Where Federal lands con- stitute less than 10 percent of the total unit area, a non-Federal unit agree- ment may be used. Upon submission of such an agreement, the authorized offi- cer will take appropriate action to commit the Federal lands. § 3181.2 Designation of unit area; depth of test well.
Sample 1
UNIT AREA. The following described land is hereby designated and recognized as constituting the unit area: [Attach another page if you need more space.] Township , Range , N.M.P.M. Section Subdivisions: Section Subdivisions: Section Subdivisions: Section Subdivisions: Containing total acres, more or less, in County(ies) New Mexico Exhibit "A" attached hereto is a map showing the unit area and the boundaries and identity of tracts and leases in said area to the extent known to the unit operator. Exhibit "B" attached hereto is a schedule showing to the extent known to the unit operator the acreage, percentage and kind of ownership of oil and gas interests in all lands in the unit area. However, nothing herein or in said schedule or map shall be construed as a representation by any party hereto as to the ownership of any interest other than such interest or interests as are shown on said map or schedule as owned by such party. Exhibit "A" and "B" shall be revised by the unit operator whenever changes in ownership in the unit area render such revisions necessary or when requested by the Commissioner of Public Lands, hereinafter referred to as "Commissioner" or the Oil Conservation Division, hereinafter referred to as the "Division". All land committed to this agreement shall constitute land referred to herein as "unitized land" or "land subject to this agreement".
Sample 1
UNIT AREA. T h e a r e a desc r ibed i n a n a g r xx x x x x x x co n s t i t u t i n g t h e l a n d logic a ll y s u bjec t t o explo r a t io n a n d/o r develop m e n t un de r s u c h a g r ee m e n t .
Sample 1
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UNIT AREA. The Unit Agreement defines “unit area” as “the area inside the boundaries defined by the geographical co-ordinates and their corresponding UTM co-ordinates,” which are set forth in the agreement. Typically, a map of the unit area is also included. Figure 2 shows the complexity of defining the “unit area” for the Pre-Salt. What will be the areal boundary for the area? In that regard, how many units initially will comprise the Pre-Salt? There are several possible approaches. Historically, unitization has occurred for an interval of the subsurface which has a reservoir in pressure communication that crosses a boundary. Using Figure 2, there would be three units: Xxxxxxxxx 0 (Xxxxxx X, X, xxx X), Xxxxxxxxx 2 (Blocks E, F, H, and I) and Reservoir 3 (Blocks C and F). However, this approach may well be counterintuitive to the goal of unitization of an area the size of the Pre-Salt – efficiency in operations. Another approach would be to unitize those reservoirs within the Pre-Salt that are “in communication.” This concept would group together those accumulations of hydrocarbons that are in direct and continuous contact, that belong to the same pressure regime, and have the same composition. Typically, communication occurs in adjacent and overlying reservoirs. Under this approach, any number of units could comprise the Pre-Salt depending on the properties of each reservoir vis-à-vis other reservoirs within the area. For example, Reservoirs 1 and 2 overlay each other and are likely in “communication.” Thus, those portions of Blocks A, B, E, F, H and I would be unitized. However, Reservoir 3 could not be unitized together with Reservoirs 1 and 2 because although Reservoir 3 extends over more than one block, it is at a lower depth than Reservoirs 1 and 2. Absent some evidence of “communication” between Reservoir 3 and either Reservoir 1 or 2, which is unlikely under the depths presented, Reservoir 3 would likely be a stand-alone unit. Yet another approach would be to unitize those reservoirs contained in a “field.” As explained above, Brazilian law currently mandates unitization of “fields” (“xxxxxx”) that extend over adjoining blocks. There is some ambiguity in the definition of “field.” As explained in Xxxxxxxx & Xxxxxx’x Manual of Oil and Gas Terms, “field” could mean an oil or gas deposit that is in natural pressure connection with any other deposit” or it could mean a geographic region situated over one or more subsurface oil and gas reservoirs such that a field...
Sample 1

Related to UNIT AREA

  • UNIT WORK ‌ When the Employer deems it necessary in order to carry out a mission and operations of the campus, the Employer may contract out work provided that the contracting out does not displace bargaining unit employees or reduces their scheduled hours. The Maine Community College shall notify MSEA-SEIU when contracting out is to be implemented. MSEA-SEIU may request to meet and confer on the impact of contracting out such work. The Maine Community College shall meet with MSEA-SEIU within thirty (30) days of such request. Notice to MSEA-SEIU shall be not later than one hundred twenty (120) days prior to the commencement of the contracting out. In emergency circumstances, when the College enters into a contract under which contracting out will commence in less than thirty (30) days, when possible, notification shall be made two (2) weeks prior to implementing the contract, but in no event later than ten (10) working days after the commencement of the contracting out. Prior to the meeting and conferring on contracting out, the Maine Community College System will provide MSEA-SEIU all relevant written information, including copies of bids received, any cost analysis used by the College to evaluate the need for contracting out, and all other relevant material used by the College in making its decision regarding contracting out. Contracting out the type of work normally performed by existing bargaining unit members for limited periods not to exceed six (6) months shall be allowed without the Union’s agreement if one or more of the following conditions are present at the affected campus or other non-campus location (such as the System Office in Augusta):

  • Units Interests in the Partnership shall be represented by Units. The Units initially are comprised of one Class: Class A Units. The General Partner may establish, from time to time in accordance with such procedures as the General Partner shall determine from time to time, other Classes, one or more series of any such Classes, or other Partnership securities with such designations, preferences, rights, powers and duties (which may be senior to existing Classes and series of Units or other Partnership securities), as shall be determined by the General Partner, including (i) the right to share in Profits and Losses or items thereof; (ii) the right to share in Partnership distributions; (iii) the rights upon dissolution and liquidation of the Partnership; (iv) whether, and the terms and conditions upon which, the Partnership may or shall be required to redeem the Units or other Partnership securities (including sinking fund provisions); (v) whether such Unit or other Partnership security is issued with the privilege of conversion or exchange and, if so, the terms and conditions of such conversion or exchange; (vi) the terms and conditions upon which each Unit or other Partnership security will be issued, evidenced by certificates and assigned or transferred; (vii) the method for determining the Total Percentage Interest as to such Units or other Partnership securities; and (viii) the right, if any, of the holder of each such Unit or other Partnership security to vote on Partnership matters, including matters relating to the relative designations, preferences, rights, powers and duties of such Units or other Partnership securities. Except as expressly provided in this Agreement to the contrary, any reference to “Units” shall include the Class A Units and any other Classes that may be established in accordance with this Agreement. All Units of a particular Class shall have identical rights in all respects as all other Units of such Class, except in each case as otherwise specified in this Agreement.

  • Common Areas Tenant shall have the non-exclusive right to use in common with other tenants in the Project, and subject to the Rules and Regulations referred to in Article 5 of this Lease, those portions of the Project which are provided, from time to time, for use in common by Landlord, Tenant and any other tenants of the Project (such areas, together with such other portions of the Project designated by Landlord, in its discretion, including certain areas designated for the exclusive use of certain tenants, or to be shared by Landlord and certain tenants, are collectively referred to herein as the “Common Areas”). The Common Areas shall consist of the “Project Common Areas” and the “Building Common Areas.” The term “Project Common Areas,” as used in this Lease, shall mean the portion of the Project designated as such by Landlord or areas within the Project that the occupants of the Building are permitted to utilize pursuant to a recorded declaration and which areas shall be maintained in accordance with the declaration. The term “Building Common Areas,” as used in this Lease, shall mean the portions of the Common Areas located within the Building reasonably designated as such by Landlord. The manner in which the Common Areas are maintained and operated shall be at the reasonable discretion of Landlord and the use thereof shall be subject to the Rules and Regulations as Landlord may make from time to time. Landlord reserves the right to close temporarily, make alterations or additions to, or change the location of elements of the Project and the Common Areas, provided that, in connection therewith, Landlord shall perform such closures, alterations, additions or changes in a commercially reasonable manner and, in connection therewith, shall use commercially reasonable efforts to minimize any material interference with Tenant’s use of and access to the Premises.

  • Unit The fractional undivided interest in and ownership of an individual Trust Fund equal initially to 1/(the number of Units of fractional undivided interest outstanding) provided in the Statement of Condition in the Prospectus for the Trust Fund, the denominator of which fraction shall be (1) increased by the number of any additional Units issued pursuant to Section 2.03 hereof and (2) decreased by the number of any such Units redeemed as provided in Section 5.02. Whenever reference is made herein to the "interest" of a Unitholder in the Trust Fund or in the Income or Capital Accounts, it shall mean such fractional undivided interest represented by the number of Units, whether or not evidenced by a Certificate or Certificates, held of record by such Unitholder in such Trust Fund.

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