Gas Rights definition

Gas Rights has the meaning assigned to such term in the definition of “Hydrocarbon Property.”
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Gas Rights means all Landfill Gas and the rights to explore for, extract, gather, process, develop, measure, filter, produce, take and use or sell such Landfill Gas and the resulting Processed Gas Products and the rights of way, easements, permits and agreements necessary or desired to do so all as granted to Lessee.
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Gas Rights means the rights of Tenant described in Section 2 and all rights appurtenant thereto.
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Examples of Gas Rights in a sentence

  • Upon the date on which any Person earns any interest in the Petroleum and Natural Gas Rights comprised in the Properties pursuant to such a farmout agreement, the interest in the portion of the Royalty to the extent it is calculated with reference to production from or otherwise relates to such Petroleum and Natural Gas Rights shall merge in the interest in such Petroleum and Natural Gas Rights and such interest in the Royalty shall thereupon terminate.

  • The adjustments shall constitute an increase or decrease, as the case may be, to the Purchase Price and to the amount allocated to the Petroleum and Natural Gas Rights.

  • Notwithstanding anything in this Agreement, the Grantor shall have full right, power and authority to pool or unitize any of the Petroleum and Natural Gas Rights comprised in the Properties with any other Petroleum and Natural Gas Rights without the prior consent of the Royalty Owner, provided that the Grantor, acting in a reasonable and prudent manner, determines that the pooling or unitization and the terms thereof are in accordance with prudent oil and gas industry practises.

  • Notwithstanding anything in this Agreement, the Grantor shall be entitled to enter into farmout agreements with any Person in respect of the Petroleum and Natural Gas Rights comprised in the Properties, whereby such Person may acquire an interest in such Petroleum and Natural Gas Rights in exchange for the payment of capital costs, or other consideration, incurred with a view to exploit such Petroleum and Natural Gas Rights.

  • The term of this Agreement shall be concurrent with the term of the Oil and Gas Rights in the Leases; provided, however, if the rights expire prior to the AMI then the term of this agreement shall be concurrent with the term of the AMI as stated in section VI.

  • The effective date of the assignment shall be the same as the effective date of the acquisition of Oil and Gas Rights in the Leases.

  • Subject to Article 11, this agreement shall continue in full force and effect for so long as there are Petroleum and Natural Gas Rights to which the NPI applies.

  • No Persons have possession of any Collateral other than (i) Hydrocarbons held by operators engaged with respect to Borrowers' Petroleum and Natural Gas Rights; (ii) the Persons who hold hedge accounts of the Credit Parties other than Coho Canada; (iii) the Credit Parties other than Coho Canada; and (iv) such other Persons identified to the Administrative Agent pursuant to the Security Documents.

  • The amount allocated to Petroleum and Natural Gas Rights in Clause 3.5 shall be increased by the additional amount paid by Purchaser to Vendor pursuant to this Clause.

  • Any Petroleum and Natural Gas Rights, other than Royalty Interests retained by or acquired by the Grantor pursuant to such farmout shall be subject to the NPI.


More Definitions of Gas Rights

Gas Rights means any Person’s legal or equitable right, title and interest in any Gas and any Gas Asset, whether by deed, lease or otherwise, together with such Person’s right to Capture such Gas, including, without limitation, surface rights of way and access to information concerning Gas.
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