LA Lease definition
Examples of LA Lease in a sentence
That certain Oil and Gas Lease No. OCS 00073 (formerly State of LA Lease No. 793), dated effective September 12, 1946, from the State of Louisiana, as Lessor, to Magnolia Petroleum Company, as Lessee, covering the W/2 of Block 19, South ▇▇▇▇▇ Area, as shown on OCS Official Leasing Map, Louisiana Map No.
That certain Oil and Gas Lease No. OCS 00072 (formerly State of LA Lease No. 792), dated effective September 12, 1946, from the State of Louisiana, as Lessor, to Magnolia Petroleum Company, as Lessee, covering the W/2 of Block 12, South ▇▇▇▇▇ Area, as shown on OCS Official Leasing Map, Louisiana Map No. 6B, containing approximately 2,500 acres, more or less.
With respect to Purchaser’s (or a Person designated by Purchaser) assumption of the LA Lease and the 2705 Lease, Purchaser agrees that beginning on September 1, 2021, assuming the parties have duly executed the Management Agreement it shall comply, in all material respects, with the duties and obligations, including, without limitation, payment obligations, associated with the LA Lease and the 2705 Lease.