Lease Tract definition

Lease Tract means each Lease tract described in Exhibit A-1 in which Seller owns Net Mancos Acres.
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Lease Tract means and refer to a single Lease and the leasehold premises covered by such Lease, or, in the event multiple Leases cover common leased premises, then such term shall refer to the multiple Leases and the common leased premises covered by such Leases.
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Lease Tract shall have the meaning set forth in the Recitals.
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Examples of Lease Tract in a sentence

  • DOE represents that it is in possession of certain Government owned uranium mining property in County, more particularly described as Lease Tract CXX in Appendix “A” which is attached hereto and hereby made a part this Agreement (the “Property”).

  • Prior to the commencement of drilling operations for the Test Well on a Lease Tract, Operator shall acquire an opinion of title from and attorney licensed to practice law, which opinion of title shall cover lands which comprise at the minimum the proration unit for the particular well.

  • Westside's failure, for any reason, to timely deliver such notice and funds shall be deemed an election by Westside not to purchase any interest in the Lease Tract covered by the particular Offer, and not to participate in the Test Well for such Lease Tract.

  • By execution hereof, GMRI, in connection with its exclusive easement rights to the portion of the Parking Easement Area located on GMRI OG Lease Tract Two granted in OG Ground Lease Two, consents to this Declaration for the benefit of GMRI RL Lease Tract One.

  • EBS shall also inform Westside of the date upon which Westside shall pay and deliver to EBS, in the event that Westside elects to purchase an undivided interest in the Lease Tract and participate in the Test Well, Westside's purchase price for its interest in the Lease Tract, and its share of the estimated Drilling Costs of the Test Well.

  • Extreme Sandbox may not commence use and occupancy of the Lease Tract prior to completion of construction of a ten-foot (10.0’) tall earthen berm in the location generally depicted on the Extreme Sandbox Concept Plan and applicable permits and certificates have been issued.

  • At such time that EBS has secured the sale proceeds from all third parties to whom it is selling an interest in a Lease Tract, but in no event later than thirty (30) days before the commencement of actual drilling of the Test Well on the particular Lease Tract, EBS shall transfer into the Lease Bank Account such sales proceeds which shall constitute repaid Land Costs for the particular Lease or Leases which comprise the particular Lease Tract.

  • The purchase price for the undivided share of the Lease Tract which Royalty Holder shall elect to purchase shall be a sum of money determined as follows: the undivided share of the leasehold interest being acquired by Royalty Holder, times the Land Costs for the Leases covering the particular Lease Tract.

  • Thereafter, from time to time, when EBS would otherwise have transferred back into the Lease Fund Account the Land Costs for a particular Lease Tract, pursuant to Section 2.5 above, EBS shall transfer such Land Costs to Westside.

  • Further, EBS shall also notify Westside of the Test Well to be drilled on such Lease Tract.


More Definitions of Lease Tract

Lease Tract means, with respect to a Lease, each tract of land covered by such Lease as set forth in Exhibit A-1 as to the Target Formation(s) set forth in Exhibit A-1 for such tract.
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