Resource Lease definition
Examples of Resource Lease in a sentence
If Seller is a party to a Natural Resource Lease, check one of the following: ❑ (1) Seller has delivered to Buyer a copy of all the Natural Resource Leases.
Concurrently with the execution and delivery hereof, Lessor is assigning to Lessee all of Lessor's right, title and interest in and to that certain Geothermal Resource Lease (Mono-Long Valley Parcel #12) dated March 1, 1982, between the United States and Magma Energy, as assigned to Lessor (the "BLM Lease").
If Seller is a party to a Natural Resource Lease, check one of the following: (1) Seller has delivered to Buyer a copy of all the Natural Resource Leases.
To this end, all of the rights, benefits, obligations and provisions of paragraph 20, entitled "Assignment", of the Resource Lease are hereby incorporated herein by reference to the same force and effect as if the same had been set forth herein in full.
The parties entered into that certain Geothermal Resource Lease ("Lease") effective June 27, 1988, and have previously amended the Lease by that certain Amendment to Geothermal Lease dated in January, 1992.
Seller warrants and represents that to the best of Seller’s knowledge; Seller is not a party to a Natural Resource Lease.
In that event, this Geothermal Resource Lease shall be immediately terminated, without further liability of either party.
If Lessee is prevented from performing an obligation under this lease by reason of force majeure and by reason thereof Lessee is unable to perform some obligation which is a pre-requisite to or condition of the continuance of the term of this grant of easements, then the term shall be likewise extended, but not beyond the term provided in paragraph 3 of the Resource Lease and, if applicable, the State Lease.
Grantee shall not sell, convey, transfer, sublet or assign, in whole or in part, or deal with in any manner, its rights under this grant of easements or in the Easement Area, or the Leased Substances, or pledge or mortgage the same, except concurrently with and to the same party as any sale, conveyance, transfer, subletting, assignment, pledge or mortgage of the same interest and/or rights under the Resource Lease and the Leased Land.
Except insofar as the same shall have been performed under the Resource Lease, Lessee will cause to be performed at its expense, prior to commencement of any work on said demised premises, archaeological studies by the ▇▇▇▇▇▇ Museum Staff, and will set aside and not disturb all sites determined to have significant archaeological value.