Joint Leases definition

Joint Leases means any one or more of the PSA Leases or AMI Leases and any extension and renewal thereof in which both parties own or acquire an interest pursuant to the PSA or this Agreement.
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Joint Leases means any Lease in which both Cobalt and Total own an undivided interest, as of or after the Effective Date.
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Examples of Joint Leases in a sentence

  • Notwithstanding the foregoing, if the Premises is located at Campus Commons, which may offer Individual Leases as well as Joint Leases, and the Tenant is signing an Individual Lease, Tenant’s joint and several liability shall extend only to those damages and other fees which relate to shared obligations and Tenant shall not be liable for another Tenant’s failure to pay rent.

  • The foregoing notwithstanding, either Party shall be entitled to Transfer an interest in the Joint Leases to an Affiliate without the consent of the other Party, but the transferring Party shall remain liable for the performance of its obligations hereunder notwithstanding such transfer in the event of a default by such Affiliate hereunder.

  • In the event there are Joint Leases, which remain in effect upon termination pursuant to Section 5.1, as to which a JOA has not been executed, Chesapeake and PXP shall execute ▇▇▇▇ covering any such Joint Leases.

  • If multiple Joint Leases contribute acreage to any unit formed for the drilling of a Well, the JOA executed shall include all such contributing Joint Leases.

  • Each Party shall indemnify the other Party from all expense, demands, costs, judgments and liability for damages or loss arising from such Party’s operations conducted on the subject Joint Leases in which the other Party is a non-participating Party.

  • Should the other parties desire not to accept an assignment, they shall join with the party desiring to relieve itself of unaccrued obligations in release of the Joint Leases.

  • Each party hereto owning an undivided interest in the Joint Leases waives any and all rights it may have to partition the Joint Leases and have set aside to it in severalty its undivided interest therein.

  • Chesapeake and PXP shall each bear and pay its working interest share of any costs and expenses associated with any Well drilled on the Joint Leases in accordance with the terms of the Agreement and the applicable JOA, including any elections thereunder.

  • In the event there are Joint Leases which remain in effect upon termination pursuant to Section 6.1, as to which a JOA has not been executed, COHORT and ENDEAVOUR will execute ▇▇▇▇ covering any such Joint Leases.

  • Operator shall have, subject to the terms, provisions and limitations hereinafter expressed, exclusive charge, control and supervision of all operations of every kind to be conducted on the Joint Leases for the development, minerals there from as well as the payment of all rentals, royalties, taxes and other charges which may arise or become due or payable in connection with such operations.