OCS Lease definition

OCS Lease a Lease of submerged lands under the Outer Continental Shelf Lands Act, issued by the MMS.
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OCS Lease means a lease of submerged acreage which is entered info with the Secretary of the Interior
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Examples of OCS Lease in a sentence

  • Each Company is the legal and beneficial owner of the Outer B▇▇▇▇ ▇▇▇▇▇ Claims and B▇▇▇▇ ▇▇▇▇▇ OCS Lease Application in the percentage interests set out herein, free and clear of any and all claims, liens, mortgages, charges, security interests or other encumbrances.

  • Each Company covenants and agrees to provide to ARCTIC all necessary information relating to the Outer B▇▇▇▇ ▇▇▇▇▇ Claims and B▇▇▇▇ ▇▇▇▇▇ OCS Lease Application, as is required from time to time for ARCTIC to meet its reporting requirements as a reporting company under the Securities and Exchange Act of 1934 (U.S.).

  • In consideration of ARCTIC delivering to Strategic 60,000,000 restricted common shares in the capital of ARCTIC issued from its treasury to Strategic Sterling and Lskavyan in its own right and as agents for Strategic, Sterling and Laskavyan, on Closing, Strategic, Sterling and Lskavyan shall collectively sell and ARCTIC shall purchase a thirty per cent interest in the Outer B▇▇▇▇ ▇▇▇▇▇ Claims and B▇▇▇▇ ▇▇▇▇▇ OCS Lease Application.

  • The beach and dune fill sediments will be mined from a borrow area located on Ship Shoal within the Bureau of Ocean Energy Management (BOEM) Offshore Continental Shelf (OCS) Lease Blocks South ▇▇▇▇▇ 13 and 14, approximately 30 nautical miles (NM) southwesterly from the Work Area.

  • Federal OCS Lease Sale 144 on September 18, 1996 (effective December 1, 1996).

  • Attached hereto as Exhibit "K" is that certain Bidding Agreement dated effective September 1, 1995, by and between Mobil Oil Exploration & Producing Southeast Inc., Enserch Exploration, Inc., and Reading & Bates Development Company (hereinafter referred to as the Bidding Agreement ), which shall govern the acquisition of leasehold interests within the Area of Mutual Interest and which may be acquired at OCS Lease Sales.

  • This Agreement, including the Confidentiality Agreements dated September 26, 2001 and February 22, 2002 (except as expressly set forth in Section 22 hereof), OCS Lease Sale 182 Agreement dated March 1, 2002 and the Joint Bidding Agreement of the same date which are deemed incorporated as if restated in their entirety represents the entire Agreement by and between the Parties.

Related to OCS Lease

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • New Lease Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.