Acquired Leases definition

Acquired Leases has the meaning set forth in Section 1.1(c).

Acquired Leases means all of the Leases other than Leases that are Excluded Contracts.

Acquired Leases shall have the meaning set forth in Section 3.12(b).

Examples of Acquired Leases in a sentence

• Under the header, list one or more appropriate activities, costs, and acreages from the following activity categories: Fee Acquired; Fee Donated; Easement(s) Acquired; Easement(s) Donated; Lease(s) Acquired; Lease(s) Donated; Restored; Enhanced; Wetland Established; Other; Indirect Costs.

• Seller has not assigned, transferred, conveyed, mortgaged, deeded in trust or encumbered any interest in such Acquired Leases or the Acquired Easements except as set forth on Schedule Section 4.01(m)(ii).

• Purchaser is now or at the Closing will be and thereafter will continue to be qualified to own and operate the Acquired Assets, including the federal, state, and fee Acquired Leases, including meeting all Permit, bonding, and other surety requirements.

• Except for the Proceedings listed in Sections 8.4(a) or 8.8 of the Disclosure Schedule, to Seller’s Knowledge as of the date hereof, (a) each of the Acquired Leases is in full force and effect, (b) Seller is not in breach or default in any material respect with respect to any of its obligations under any Acquired Lease and (c) no lessor under any Acquired Lease has given written notice to Seller of any action to terminate, cancel, rescind, repudiate, or procure a judicial reformation of any Acquired Lease.

• Seller is not in default and has not received any written notice of any material breach or default on the part of or by any party under any such Acquired Lease or Acquired Easement which remains uncured and no event has occurred that, upon the giving of notice or the lapse of time or both, would constitute a default under any such Acquired Lease or Acquired Easement, or which would confer to the other parties to such agreements, any right to terminate such Acquired Leases or Acquired Easements.

More Definitions of Acquired Leases

Acquired Leases has the meaning set forth in Section 2.1(a)(ii).

Acquired Leases has the meaning set forth in Section 2.1(a)(v) of this Agreement.

Acquired Leases means Sellers Leases set forth under the heading “Acquired Leases” in Section 4.18(c)(i) of the Sellers Disclosure Schedule, as the same may be amended from time to time pursuant to Section 4.18(c), together with (a) all of the Sellers’ rights with respect to leasehold improvements and furniture, fixtures and equipment located in or otherwise serving the space demised under such Acquired Leases, (b) all letters of credit given as security deposits and any other security deposits (if any) under any such Acquired Leases, (c) the underlying collateral given to the issuing bank as security for the issuance of such letters of credit and (d) any guarantees related to such Sellers Leases.

Acquired Leases means any and all Contracts under which the premises of the Acquired Stores (and related storage space, if any) are leased to TDS USA or TDS Canada.

Acquired Leases means oil and gas and mineral leases of land dated on or after the Effective Date, containing no limitations with regard to the rights of lessee or drilling depths, that is, all rights and all depths, and describing land located in the AMI. Acquired Leases shall mean such leases acquired by High Plains, absolutely owned by High Plains, fully executed and ready for assignment and transfer to Pennaco. (d) "Effective Date" shall mean 7:00 a.m., Mountain Standard Time, January 9, 1998. (e) "Lease" shall mean an oil and gas and mineral lease of land located in the AMI whose remaining term as of the Effective Date, in the case of a Presently-Owned Lease, and as of the date purchased by Pennaco, in the case of an Acquired Lease, is five (5) years or longer. Also, any such Lease shall not contain a drilling condition, other stipulations or provisions that require lessee to drill and develop the subject property on terms and conditions not consistent with the usual and customary practice of the area. Except as provided in Article VII, no Lease with less than an 80.00% NRI will be acquired by High Plains without the prior written consent of Pennaco. (f) "Private Mineral Leases" shall mean oil and gas and mineral leases of land located in the AMI whose lessors and/or lessees are identified on the attached Exhibit "B," incorporated herein by this reference.

Acquired Leases means all assignable real property leases, operating leases, capital leases and other leases which the Purchaser has elected to have the Sellers assign to the Purchaser which are listed on Schedule 2.3.

Acquired Leases means those leases, subleases and licenses governing real property owned by Persons other than Sellers or any of their respective Affiliates and which are not Rejected Debtor Contracts.