SP Lease definition

SP Lease means the CREZ Master System Lease Agreement and Supplements proposed to be entered between SP, as lessor, and Sharyland, as lessee, with respect to the CREZ Project.
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Examples of SP Lease in a sentence

  • Subject to the provisions of this Paragraph, WSMC shall have the right, but not the obligation, at any time, to reconvey to Long Lac all or any one or more of the SJ Claims, and all or any portion of the SP Lease and thereby to terminate this agreement as to such reconveyed property.

  • With respect to any reconveyance of the properties covered by the SP Lease, WSMC also shall comply with the provisions of the SP Lease.

  • Long Lac hereby bargains, sells, transfers, assigns and conveys to WSMC all of its right, title and interest in and to the Subject Properties, subject to: (i) a reservation to Long Lac of certain royalties as provided herein; (ii) the SP Lease and the Net Carried Interests; and (iii) the other terms and conditions contained herein including, but not limited to, the right of WSMC to release and reconvey to Long Lac all or part of the Subject Properties pursuant to Paragraphs 2 and 6 below.

  • On or before April 2, 1979 (the "Due Date"), Long Lac shall obtain from the Southern Pacific Land Company written consent to the assignment of the SP Lease to WSMC (the "Consent") and shall deliver the Consent to the Agent provided for in the Escrow Agreement attached hereto as Exhibit C and by this reference incorporated herein (the "Escrow Agreement").