Operating Interests definition

Operating Interests has the meaning set forth in Section 2.4.
View Source
Operating Interests is defined in Section 5(q).
View Source
Operating Interests. ▇▇▇▇ SET FORTH IN EXHIBIT A.
View Source

Examples of Operating Interests in a sentence

  • The Partnership hereby accepts the Susser Operating Interests as a contribution to the capital of the Partnership.

  • It is further understood and agreed, that a party may disclose or permit the disclosure of any Study data to its officers, employees, fellows, consultants, and advisors who need to know such Study data for the purposes of the success of the Study, and who are obligated to maintain the confidential nature of such Study data.

  • Crown's obligation to bear costs and expenses relating to the Mining of and Operations on the Properties is not, and shall not be, greater than the "Operating Interests" set forth in Schedule 4.6(a) and its subparts.

  • Remora Operating CA owns certain oil and gas leasehold properties, rights, interests and related rights, including the oil and gas leases described on Schedule 1-3 (the “Remora Operating CA Interests” and together with the Remora LP Interests and the Remora Operating Interests, the “Remora Interests”).

  • Promptly following the execution of this Agreement, PubCo, in its capacity as the managing member of Holdco, shall determine the gross fair market value of the Operating Interests contributed by each Existing Holder pursuant to this Section 1, without reduction for liabilities, on the date hereof, pursuant to any reasonable method.

  • At each Residence Closing, Seller shall assign to Purchaser Seller's interest in the Service Contracts and the Operating Interests comprising a part of such Operating Residence by a duly executed assignment and Purchaser shall assume Seller's obligations thereunder and first arising on or after the Residence Closing Date by a duly executed assumption.

  • TEG is not obligated, under a take-or-pay or similar arrangement, or by virtue of an election to non-consent or not participate in a past or current operation on any of the Operating Interests pursuant to the applicable operating agreement, to produce Hydrocarbons, or allow Hydrocarbons to be produced, without receiving full payment at the time of delivery in an amount that corresponds to TEG’s interest in and to all production of Hydrocarbons saved, produced and sold from the Operating Interests.

  • Depth limitations, unit designations, unit tract descriptions and descriptions (including percentages, decimals or fractions) of undivided leasehold interests, well names, "Operating Interests", "Working Interests" and "Net Revenue Interests" contained in this Exhibit A and the listing of any percentage, decimal or fractional interest in this Exhibit A shall not be deemed to limit or otherwise diminish the interests being subjected to the lien, security interest and encumbrance of this instrument.

  • All proceeds from the sale of TEG’s share of the Hydrocarbons produced from the Operating Interests have been and are currently being paid in full to TEG by the purchasers thereof on a timely basis, and none of the proceeds are currently being held in suspense by the purchaser or any other party.

  • No Third Party has any right, retained, springing or otherwise, to production, cash bonus payments or profits or other rights in the Operating Interests including rights retained by prior owners at the time of the sale of the Operating Interests to TEG to receive production, cash bonus payments or profits from the Operating Interests if the price of oil exceeds a threshold amount.


More Definitions of Operating Interests

Operating Interests. SET FORTH IN EXHIBIT A, AND SELLER HAS PAID ON A CURRENT BASIS ALL COSTS AND EXPENSES IN RESPECT OF THE INTERESTS PERTAINING TO DEVELOPMENT AND OPERATION OF THE SUBJECT PROPERTIES.
View Source
Operating Interests means working interests, operating interests, record title, operating rights, back-in or reversionary interests, or any other interests or rights or any kind (whether contractual rights or interests in real property) in oil and gas leases or the oil and gas fee estate that give the owner thereof the right or power to vote, consent to or authorize any operation or action, or refrain from taking any operation or action, on such interests, or require the vote, consent, authorization or waiver from such owner with respect thereto, including the rights of BOPCO and the Bass Owners [****].
View Source
Operating Interests is defined in Section 9(l).
View Source

Related to Operating Interests

  • Voting Interests means shares of capital stock issued by a corporation, or equivalent Equity Interests in any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been suspended by the happening of such a contingency.

  • Voting Interest With respect to any provisions hereof providing for the action, consent or approval of the Holders of all Certificates evidencing specified Voting Interests in the Trust Estate, the Holders of each Class of Certificates will collectively be entitled to the then applicable percentage of the aggregate Voting Interest represented by all Certificates equal to the ratio obtained by dividing the Principal Balance of such Class by the sum of the Class A Principal Balance and the Class B Principal Balance. Each Certificateholder of a Class will have a Voting Interest equal to the product of the Voting Interest to which such Class is collectively entitled and the Percentage Interest in such Class represented by such Holder's Certificates. With respect to any provisions hereof providing for action, consent or approval of each Class of Certificates or specified Classes of Certificates, each Certificateholder of a Class will have a Voting Interest in such Class equal to such Holder's Percentage Interest in such Class.

  • Working Interest means an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense.

  • Ownership Interests means, with respect to any entity, any ownership interests in the entity and any economic rights (such as a right to distributions, net cash flow or net income) to which the owner of such ownership interests is entitled.

  • Operating Entities means, from time to time, the Persons in which the Holding Entities, directly or indirectly, hold interests and that (i) directly hold real estate assets, or (ii) indirectly hold real estate assets but all of the interests of which are not held, directly or indirectly, by the Holding Entities, other than, in the case of each of (i) and (ii), any Person in which the Holding Entities, directly or indirectly, hold interests for investment purposes only of less than 5% of the outstanding equity securities of that Person;