Record Title definition

Record Title with respect to an OCS Lease, an ownership interest in the OCS Lease that is classified as a “record title” interest under the rules and regulations of the MMS and which includes the right to explore for and develop oil, gas, or sulphur resources, as well as responsibilities for all lease liabilities created or established during tenure of ownership, and which also includes the right to relinquish the OCS Lease.

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Record Title means the legal and of record ownership of the Properties.

Record Title means legal ownership of a geothermal lease established in BLM’s records. Relinquishment means the lessee’s

Examples of Record Title in a sentence

• Buyer must receive, on or before Record Title Deadline, copies of all Title Documents.

• This conveyance is subject to and with the benefit of any utility easements, spring rights, easements for ingress and egress, and rights incidental to each of the same as may appear of record, provided that this paragraph shall not reinstate any such encumbrances previously extinguished by the Marketable Record Title Act, Chapter 5, Subchapter 7, Title 27, Vermont Statutes Annotated.

• Buyer must receive, on or before Record Title Deadline, copies of all Title 324 Documents.

• Seller must deliver to Buyer copies of any abstracts of title covering all or any 328 portion of the Property (Abstract of Title) in Seller’s possession on or before Record Title Deadline.

• On or before Record Title Deadline, Buyer must furnish to 307 Seller, a current commitment for owner’s title insurance policy (Title Commitment), in an amount equal to the Purchase Price.

More Definitions of Record Title

Record Title means for each lease affecting a Property or Well, as applicable, such title that is deducible (i) in the case of fee leases, from a review of the records of the applicable county, (ii) in the case of federal leases, from a review of records of the applicable office of the Bureau of Land Management or Minerals Management Service, (iii) in the case of state leases, from a review of the records of the applicable state land office or the records of the applicable county, or (iv) in the case of state-mandated pooling orders, in the office of the applicable Governmental Authority.

Record Title means all of the rights, obligations, liabilities and attributes of a working interest ownership covering all depths in and on a Lease.

Record Title means all of the Chevron rights, obligations, liabilities and attributes of a working interest ownership covering all depths in and on a Lease.

Record Title. Holder: RNPLLC, as successor to Agrifos Fertilizer, Inc. Index Numbers: 0450020030083, 0450020010030, 0450020010187 AND 0410340010005

Record Title means, as set forth in the SITLA Regulations, § R850-22-175(20), the legal ownership of a mineral lease issued by SITLA as established in the records of SITLA.

Record Title means, consistent with the definition of such term found in 30 CFR Section 256.62, the record title ownership of a Lease. As used herein, the term "Operating Rights" means, consistent with the definition of such term found in 30 CFR Section 250.105, 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.

Record Title means (a) title of Seller is evidenced in the applicable federal, state and county records so as to be sufficient against competing claims of bona fide purchasers for value without notice or other Persons entitled to protection of applicable recording Laws, and (b) with respect to any chain or mergers and/or other corporate reorganizations by which Seller derives its title, the title of the Persons in such chain of mergers and/or other corporate reorganizations is evidenced in the public records of the applicable county.