Operating Rights definition

Operating Rights shall have the meaning given such term in Section 5.3.

Operating Rights with respect to an OCS Lease, a leasehold interest that is classified by the MMS as an “operating rights” interest under its rules and regulations and entitles the holder to conduct drilling and related operations, but the holder of which does not have a contractual relationship with the MMS, and cannot relinquish or terminate the OCS Lease.

Operating Rights means sufficient space and legal rights for the construction, operation, repair, and maintenance of the Underground Distribution System.

Examples of Operating Rights in a sentence

• The Operating Rights are granted by the GoM to further define and augment the rights of MA (Sepang) as a licensed airport operator and manager of KLIA, and MASB as a licensed airport operator and manager of the Designated Airports, and the Operating Rights shall run for a period of 25 years from 12 February 2009.

• The terms and conditions of the HARMI shall be set forth in the Agreement Regarding the Military Use and Operating Rights of the Government of the United States in the Republic of the Marshall Islands Concluded Pursuant to Sections 321 and 323 of the Compact of Free Association, as Amended, which shall come into effect simultaneously with the amendments to this Compact.

• Assignment of Operating Rights Interest between Juneau Exploration, LP and Contango Operators, Inc., dated as of January 3, 2008.

• Assignment of Operating Rights Interest between Olympic Energy Partners, LLC and Contango Operators, Inc., dated as of January 3, 2008.

• Assignment of Operating Rights Interest between CGM, LP and Contango Operators, Inc., dated as of January 3, 2008.

More Definitions of Operating Rights

Operating Rights means the operating rights, franchises, certificates, authorizations, permits and licenses of Borrower and the other Companies.

Operating Rights means a Working Interest in a federal lease that (a) has a beginning and ending depth and (b) does not include the contractual right to unitize, relinquish or terminate the federal lease.

Operating Rights means all of the rights, obligations, liabilities and attributes of a working interest ownership covering less than all depths, and potentially less than the entire surface area, in and on a Lease.

Operating Rights means the interest created out of the record title ownership of a Lease authorizing the holder of that right to enter upon the lands covered by the Lease to conduct drilling and related operations, including production of oil or gas from such lands, in accordance with the terms of the Lease, and the obligation to bear the expense and cost associated with such operations.

Operating Rights all the rights and obligations conferred and imposed on the Facility Operator in terms of and pursuant to this Agreement in respect of and for the purposes of carrying out the Project;

Operating Rights has the meaning specified in Section 6.15.

Operating Rights has the meaning specified in Section 4.16.