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

  • LEASE SALES Newfield participated in the Gulf of Mexico Federal OCS Lease Sales in 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.

  • Ship Shoal Block 354 was acquired in the May 1995 Federal OCS Lease Sale for $505,000 and Newfield's working interest is 48%.

  • 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.

  • Each Company covenants and agrees to provide to ARCTIC all necessary information relating to the Outer Bxxxx Xxxxx Claims and Bxxxx Xxxxx 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.).

  • Each Company is the legal and beneficial owner of the Outer Bxxxx Xxxxx Claims and Bxxxx Xxxxx 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.

  • 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 Bxxxx Xxxxx Claims and Bxxxx Xxxxx OCS Lease Application.

  • Subsequently, additional interests were acquired, farm-in acreage was obtained and the adjacent Mississippi Canyon Block 358 was awarded to the Company in the May 1995 Federal OCS Lease Sale.

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 the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Mining Lease means the mining lease granted pursuant to Clause 12 and includes any renewal thereof and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • Master Lease means that certain [Master Lease title], relating to the leasing of, inter alia, the Healthcare Facility by Borrower to Master Tenant.

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Head Lease or “Superior Lease” means the document which sets out the promises the Landlord has made to the Superior Landlord. The promises contained in this Head Lease will bind the Tenant if he has prior knowledge of those promises.

  • Master Leases refers to the four second amended and restated master lease agreements, dated as of April 27, 2007, by and among the Operating Partnership and Kindred Healthcare, Inc. and Kindred Healthcare Operating, Inc.

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

  • Occupancy Agreement means a written agreement entered into between an assisted living program and a tenant that clearly describes the rights and responsibilities of the assisted living program and a tenant, and other information required by rule. “Occupancy agreement” may include a separate signed lease and signed service agreement.

  • Major Lease shall have the meaning assigned to such term in the Mortgage Loan Agreement.

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • mineral lease means the mineral lease referred to in clause 8(1)(a) hereof and includes any renewal thereof;

  • Ground Lessor means, as to any Site, the “lessor,” “sublessor,” “landlord,” “licensor,” “sublicensor” or similar Person under the related Ground Lease.