Lease Owned definition
Lease Owned means any personal property or fixture asset in which the Seller owns an interest related to the operation of a Well or ▇▇▇▇▇ which was charged to the joint account of the working interest owners in such Well or ▇▇▇▇▇, excluding items considered part of overhead; provided, however that “Lease Owned” does not include any “Excluded Assets”.
Examples of Lease Owned in a sentence
Acreage Affecting Parcels Lease Owned by Grant, (legal descriptions (as Bargain, Sale Deed follow) numbered on Pro Forma) (recording (Lease #) information: book/number) -------------------------------------------------------------------------------------------------------------- ▇▇▇▇▇▇▇ ▇▇▇, Trustee, 3.47 Parcel V 21 (Lease B-1) 949/908111 under Trust Agreement (Memorandum of Lease dated December 30, 1977 AND Doc.