Lands and Lease(s definition

Lands and Lease(s means the contractual right to the title of and to the minerals, including oil and gas, from geological formations on and below the properties described in Exhibit “B” attached hereto and made a part hereof and as amended from time to time, including certain surface rights as necessary to explore, develop, drill and produce said minerals from such properties or lands.
View Source
Lands and Lease(s means the lands and leases owned by the Vendor which are set out and described in Schedule A attached hereto.
View Source

Examples of Lands and Lease(s in a sentence

  • Upon Fellows Energy electing to exercise the Option and concurrently with Fellows Energy paying the Purchase Price 2, Quaneco will deliver the assignments and other conveyances of the Assets in the Option Lands to Fellows Energy within ten business days, and Fellows Energy and Quaneco will thereafter participate in all future work on the Option Lands and Leases at their respective working interests, subject to the Operating Agreement, with Fellows Energy named as operator therein.

  • Notwithstanding the termination of any Secondary Term Assignment, Buyer shall remain liable for all of its obligations hereunder with respect Buyer's operations on the Lands and Lease(s) covered by such Secondary Term Assignment unless assumed by Seller under the provisions of Paragraph 9.J.(iii).

  • Seller agrees to provide any and all lease, title, land files or other pertinent records associated with Lands and Leases in Schedule 2.1(c); all of which are referred to herein as the "Records".

  • Buyer acknowledges that by its acquisition of Premier Energy Partners (I) LLC leasehold interests it has acquired a copy of the records of Seller relating to the Lands and Leases in Schedules 2.1(a) and 2.1(b).

  • Assignment and ▇▇▇▇ of Sale effective September 1, 2010 SHIP SHOAL-358 Enterprise Gas Processing, LLC Exhibit B Designated Lands and Leases for Plant Supplier’s Gas effective March 1, 2004 SHIP SHOAL-358 Manta Ray Offshore Gathering Company, LLC Facilities Agreement dated August 21, 2003 SHIP SHOAL-358 Enterprise Gas Processing, LLC Gas Processing, Fractionation, and Product Purchase Agreement dated March 1, 2006, as amended SHIP SHOAL-358 Sprint Energy Partners LP.

  • Subject to Sections 7.1 and 14.2, Laramie shall have no liability to Dejour/Brownstone resulting from a Failure to Drill other than the loss of its right to earn additional Farmout Lands and Leases.

  • An undivided Sixty percent (60%) of all rights, title, and interests of Assignor in all rights, privileges, benefits, and powers conferred on the holder of the Leases, Lands and ▇▇▇▇▇ with respect to the use and occupation of the surface and the subsurface depths under the Lands and Leases.

  • Assignor represents and agrees that its joint interest account, if applicable, with the operator of ▇▇▇▇▇ on the Lands and Leases is current, and that all ad valorem taxes assessed, due and payable on the Assets have been fully paid for all time periods.

  • Any transfer of SELLER’s interest in the Lands and Leases or W▇▇▇▇ dedicated hereunder shall be subject to BUYER’s rights hereunder, and SELLER shall take action necessary to ensure that any such transfer is subject to BUYER’s rights hereunder.

  • SELLER further agrees to dedicate to BUYER and to the terms and conditions of this Agreement any interest in said Lands and Leases or W▇▇▇▇ which (i) are acquired by SELLER, or (ii) are owned by SELLER but are no longer subject to the terms of any third-party agreement, subsequent to the Effective Date hereof.