Black Gold Assets definition

Black Gold Assets means the BlackGold Lands, together with all tangible depreciable property, xxxxx, facilities and all other property, assets, interests and rights related to the BlackGold Lands and all petroleum substances or other proceeds derived therefrom, as may be owned by the Borrower or its Subsidiaries from time to time. For these purposes “BlackGold Lands” means the lands in Township 76 Range 7 W4M Sections: 1, 2, 3, 10, 11, 12, 13, 14, 15, 16, 17, 18, 22, 23, 24 (100% working interest) (insofar as rights thereto are granted by the BlackGold Leases); and “BlackGold Leases” means Oil Sands Development Lease No. 7499030011, Oil Sands Lease No. 7405070550 and Oil Sands Lease No. 0000000000 by virtue of which the holder thereof is entitled to drill for, win, take, own or remove petroleum substances within, upon or under the BlackGold Lands, and includes any successor or replacement leases or other title documents that may be issued by the Crown in Right of the Province of Alberta.
Sample 1Sample 2

Examples of Black Gold Assets in a sentence

  • Notwithstanding the foregoing, the Borrower shall be permitted to (A) contribute the Black Gold Assets to a JV Partnership in accordance with Section 14.5 or (B) directly or indirectly sell or otherwise dispose up to 51% of its interest in the Black Gold Assets on arms-length terms.

Related to Black Gold Assets

  • Sold Assets has the meaning set forth in Section 2.01(b).

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Subject Assets is defined in Section 2.2(c).

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Contributors means any organization(s), entity(ies) and/or individual(s) providing technology and/or patent rights related to the ATCC Material, or original material to ATCC for deposit.

  • Liquid Assets mean Borrower's cash on hand plus Borrower's readily marketable securities.

  • Midstream Assets means (i) assets used primarily for gathering, transmission, storage, processing or treatment of natural gas, natural gas liquids or other hydrocarbons or carbon dioxide and (ii) equity interests of any Person that has no substantial assets other than assets referred to in clause (i).

  • Monte Titoli means Monte Titoli S.p.A.

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other assets.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Retail seller means any person that sells any dangerous drug to consumers without assuming control over and responsibility for its administration. Mere advice or instructions regarding administration do not constitute control or establish responsibility.

  • Generating Market Buyer means an Internal Market Buyer that is a Load Serving Entity that owns or has contractual rights to the output of generation resources capable of serving the Market Buyer’s load in the PJM Region, or of selling energy or related services in the PJM Interchange Energy Market or elsewhere. Generation Capacity Resource:

  • Undepreciated Real Estate Assets as of any date means the cost (original cost plus capital improvements) of real estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization, determined on a consolidated basis in accordance with GAAP.

  • JV means Joint Ventures

  • Project Assets means all physical and other assets relating to and forming part of the Site including:

  • Project Companies means all Group Project Companies and Non-Group Project Companies together, each being a “Project Company”.