BLM Lease definition

BLM Lease means that certain offer to Lease and Lease for Geothermal Resources dated April 19, 1985, effective May 1, 1985, between the BLM, as lessor, and California Energy Company, Inc., a Delaware corporation ("CECI"), as lessee, as assigned to Coso Land Company, a California joint venture, pursuant to that certain Assignment Affecting Record Title to Geothermal Resources Lease, dated as of May 17, 1985 and effective July 1, 1985, as further assigned to Coso Geothermal Company, a California joint venture, pursuant to that certain Assignment of Record Title interest in a Lease for Oil and Gas or Geothermal Resources, dated as of April 15, 1988, and effective as of May 1, 1988, and as further assigned to CED pursuant to that certain Assignment of Record Title Interest in a Lease for Oil and Gas or Geothermal Resources, dated as of April 15, 1988 and effective as of May 1, 1988;
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BLM Lease. The term "BLM Lease" means (i) that certain Offer to Lease and Lease for Geothermal Resources between BLM and California Energy Company, a Delaware corporation ("CalEnergy"), dated April 29, 1985; (ii) that certain Assignment Affecting Record Title to Geothermal Resources Lease by CalEnergy to CLC and approved by BLM dated June 24, 1985; (iii) that certain Assignment of Record Title Interest in a Lease for Oil and Gas or Geothermal Resources from CLC to CGC dated as of April 15, 1988 and approved by BLM effective as of May 1, 1988; (iv) that certain Assignment of Record Title Interest in a Lease for Oil and Gas or Geothermal Resources from CGC to Borrower dated as of April 15, 1988 and approved by BLM effective as of May 1, 1988; (v) that certain Agreement of Transfer and Assignment of Agreements and Rights Relating to the BLM Project between CLC and CGC dated as of May 3, 1988; and (vi) that certain Agreement of Transfer and Assignment of Agreements and Rights Relating to the BLM Project between CGC and CED dated as of May 3, 1988, in each case as the same may be modified or amended.
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BLM Lease means (i) that certain Offer to Lease and Lease for Geothermal Resources between BLM and California Energy Company, a Delaware corporation ("CalEnergy"), dated April 29, 1985; (ii) that certain Assignment Affecting Record Title to Geothermal Resources Lease by CalEnergy to CLC and approved by BLM dated June 24, 1985; (iii) that certain Assignment of Record Title Interest in a Lease for Oil and Gas or Geothermal Resources from CLC to CGC dated as of April 15, 1988 and approved by BLM effective as of May 1, 1988; (iv) that certain Assignment of Record Title Interest in a Lease for Oil and Gas or Geothermal Resources from CGC to Borrower dated as of April 15, 1988 and approved by BLM effective as of May 1, 1988; (v) that certain Agreement of Transfer and Assignment of Agreements and Rights Relating to the BLM Project between CLC and CGC dated as of May 3, 1988; and (vi) that certain Agreement of Transfer and Assignment of Agreements and Rights Relating to the BLM Project between CGC and CED dated as of May 3, 1988, in each case as the same may be modified or amended.
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Examples of BLM Lease in a sentence

  • In addition, Lessor represents that all rental Payments and taxes attributable to the BLM Lease which have become due and payable have been paid in full.

  • In the event Lessee fails to perform its obligations under this ▇▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇▇ shall, upon request of Lessor, assign the BLM Lease to Lessor.

  • To the best of Lessor's knowledge, without any review of title reports but based solely on Lessor's not having received any notice, certificate or document to the contrary, Lessor has no reason to believe there are any defects in Lessor's title to the BLM Lease.

  • Lessee shall, within 180 days following the date hereof, obtain from the Department of Interior, Bureau of Land Management ("BLM") such approvals to the Assignment of the BLM Lease described in Paragraph 6 of this Third Amendment as may be required in accordance with 43 C.F.R. 3241.2, and either (a) Lessee shall post a bond satisfactory to BLM if required thereby or (b) if Lessor has heretofore posted a bond with BLM, then Lessee shall replace such bond and cause such bond to be released to Lessor.

  • Concurrently with the execution and delivery hereof, Lessor is assigning to Lessee all of Lessor's right, title and interest in and to that certain Geothermal Resource Lease (Mono-Long Valley Parcel #12) dated March 1, 1982, between the United States and Magma Energy, as assigned to Lessor (the "BLM Lease").

  • BLM Lease I-011683 was initially issued to Ruby Company (later Simplot) in May 1963 and was reassigned to Monsanto in June 1990.

  • If the Purchasers make one or both Option Payments to the Company after the BLM Lease Price is refunded to the Company Parties, and the foregoing payment is made to the Purchasers, the Purchasers will be entitled to deduct 2 1/2% of the amount of the BLM Lease Price refunded to the Company Parties from each such Option Payment.

  • Prior to the issuance of the BLM Leases, a formal protest of such issuance (the "Protest") was filed by one or more third parties, and as of the date of this Agreement, the BLM has not issued the BLM Leases and has not refunded the BLM Lease Price to the Company Parties, pending resolution of the Protest.

  • From and after the date hereof, Lessee shall pay all property taxes payable in respect of the BLM Lease property and all rental and royalties payable under the BLM Lease, as though Lessee were the direct and original lessee thereunder, and lessee shall indemnify and hold harmless Lessor for all losses, liabilities, costs and expenses (including without limitation reasonable attorneys' fees) in respect thereof.

  • If the Protest is upheld and the BLM Lease Price is refunded to the Company Parties, the Company Parties will promptly remit to the Purchasers by wire transfer (pursuant to instructions provided by the Purchasers) 25% of the amount so refunded by the BLM (or 27 1/2% or 30% of such amount if the Purchasers have acquired part or all of the Additional Interest).


More Definitions of BLM Lease

BLM Lease means the lease to Parcel 20, lease #CA-11402, dated April 19, 1985 and effective May 1, 1985, between the BLM and CECI, assigned to CLC and further assigned to CGC and further assigned to the Partnership.
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Related to BLM Lease

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • New Lease Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.