Property Interests definition

Property Interests means petroleum and natural gas rights and related tangibles and miscellaneous interests beneficially owned by the Corporation or HST.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Property Interests means, with respect to Matrix and its Subsidiaries and the Matrix LPs (a) direct and indirect interests in and rights with respect to Hydrocarbons and related properties and assets of any kind and nature, direct or indirect, including working and leasehold interests and operating rights and royalties, overriding royalties, production payments, net profit interests, carried interests, and other non-working interests and non-operating interests in the oil, gas and mineral fee or leasehold estate; (b) all rights with respect to Hydrocarbons or revenues therefrom; (c) all Contracts in connection therewith and the leasehold estates created thereby and the lands covered by the Contracts relating to the Hydrocarbons or included in units with which such Contracts may have been pooled or united; (d) surface interests, fee interests, reversionary interests, reservations and concessions; (e) all easements, surface use agreements, rights of way, licenses and permits, in each case, in connection with leases, the drilling of w▇▇▇▇ or the processing, storage, disposition, transportation or sale of Hydrocarbons, (f) all interests in machinery, equipment (including w▇▇▇▇, well equipment and machinery), oil and gas production, gathering, transmission, treating, processing and storage facilities (including tanks, tank batteries, pipelines, flow lines, gathering systems and metering equipment) pumps, water plants, electric plants, gasoline and gas platforms, processing plans, compressor stations, separation plants, refineries, testing and monitoring equipment, in each case, in connection with any leases, the drilling of w▇▇▇▇ or the production, gathering, processing, storage, disposition, transportation or sale of Hydrocarbons, and (g) all other interests of any kind or character associated with, appurtenant to, or necessary for the operation of any of the foregoing.

Property Interests means any interest in any property or asset of -------------------- any kind, whether real, personal or mixed, or tangible or intangible.

Examples of Property Interests in a sentence

• The Interconnection Customer is responsible for obtaining the property/easements needed for the tap line, access roads to/from the tap, and work pads, in accordance with the standards set forth in the Connecting Transmission Owner’s Standards And Requirements Relating to Third Party Acquisition and Transfer of Real Property Interests to Niagara Mohawk Power Corporation for Electric Facilities and Survey Specifications (January 2019).

• Except as set forth on Section 4.10(e) of Disclosure Schedules, none of the Property Interests are subject to any Tax partnership agreement or provisions requiring a partnership income Tax Return.

• In the event of a conflict between this Agreement and any assignment and conveyance of Real Property Interests, this Agreement will control.

• The Owned Property and Real Property Interests include all leases, fee interests, material easements, material access agreements and other material real property interests necessary to operate the Transferred Systems as currently conducted.

• The Interconnection Customer is responsible for obtaining the property/easements needed for the tap line, access roads to/from the tap, and work pads, in accordance with the standards set forth in the Standards and Requirements Relating to Third Party Acquisition and Transfer of Real Property Interests to Niagara Mohawk Power Corporation for Electric Facilities and Survey Specifications, dated January 2019.

More Definitions of Property Interests

Property Interests as defined in Section 3.19(a).

Property Interests means MEL’s entire 100% interest in the 633 King’s Road

Property Interests means the Company’s entire 100% interest in the 633

Property Interests means all interests in Petroleum and Natural Gas Rights and in related Tangibles and Miscellaneous Interests beneficially owned by the Grantor from time to time (without taking into account the NPI);

Property Interests has the meaning set out in the definition of Properties.

Property Interests has the meaning ascribed thereto in subparagraph 5.2(o)(ii)(A);

Property Interests means all interests in or over the Property and all rights, licences, easements, rights of way, guarantees, rents, deposits, contracts, covenants and warranties relating to the Property, in each case, now or at any time hereafter (and from time to time) owned or held by the Borrower;