OFFSHORE PROPERTIES definition
OFFSHORE PROPERTIES means all those oil and gas properties acquired by Delta pursuant to the Offshore Agreement at any time without reduction for any interests therein which Delta may, after receipt, assign. New Mexico Properties means all those oil and gas properties acquired by Delta pursuant to the New Mexico Agreement at any time without reduction for any interest therein which Delta may, after receipt assign. Any Offshore Property or New Mexico Property assigned by Delta shall remain subject to the lien of the Mortgage.
OFFSHORE PROPERTIES means those Properties located in the Outer Continental Shelf - Gulf of Mexico Region.