Sulphur Lease definition

Sulphur Lease means Sulphur and Salt Lease OCS-G 9372, covering certain acreage in Main Pass Block 299.
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Examples of Sulphur Lease in a sentence

  • The Parties recognize that continuity of the joint ownership among themselves, their successors and assigns, is essential to the efficient operation of the above described leases with the undivided interest owned by each Party being and remaining identical in both the Sulphur Lease and the Oil and Gas Lease.

  • The Work Plan and Budget for the Sulphur Lease for all of the calendar year of 1990 has been approved and adopted by the Parties and the Work Plans and Budgets for the Oil and Gas Lease for the calendar years of 1990 and 1991 have been approved and adopted by the Parties, and such Work Plans and Budgets are to be implemented as approved and adopted.

  • Notwithstanding any of the foregoing, this paragraph shall not be construed to prevent a party from granting a mortgage, pledge or other security interest affecting one but not the other of (i) the Sulphur Lease and related agreements and (ii) the Oil and Gas Lease and related agreements, nor shall it be construed to prevent a party from assigning, pledging or granting a security interest in such party's share of sulphur or oil and gas production or the proceeds therefrom.

  • A Work Plan and Budget for both the Sulphur Lease and the Oil and Gas Lease must be adopted by the CPC before the adoption of either Work Plan and Budget shall become effective.

  • The Parties shall establish a Coordinating Policy Committee ("CPC") to be composed of one representative designated by each Party which is a party to both the Sulphur Agreement and the Oil and Gas Agreement, for the purpose of coordinating the exploration, development, production, transportation and abandonment operations under the Sulphur Lease and the Oil and Gas Lease in the manner hereinbelow provided.

  • At such time as a Work Plan and Budget for both the Sulphur Lease and the Oil and Gas Lease have been adopted by the CPC, it shall be binding on all Parties as adopted and shall then be implemented as to each the Sulphur Lease and the Oil and Gas Lease under the terms and conditions provided therefor in the Sulphur Agreement and the Oil.

  • To that effect, no Party shall sell, assign, transfer or otherwise dispose of its interest in either the Sulphur Lease or the Oil and Gas Lease, or in any agreements relating to the ownership of, operations on or production from such leases, including the Sulphur Agreement and the Oil and Gas Agreement, unless it simultaneously sells, assigns, transfers or otherwise disposes to the acquiring party an identical interest in the other lease and related agreements.

  • In any event, until CPC approval of Work Plans and Budgets, Operator is authorized to continue operating the Sulphur Lease for the joint account of the Sulphur Agreement in accordance with its latest approved Work Plan and Budget, and to continue operating the Oil and Gas Lease in the manner provided in the second paragraph of Section 8.5 of the Oil and Gas Agreement.

  • FSC shall use good faith efforts to maintain brine production from BS-2, and the well associated therewith, sufficient to maintain the Sulphur Lease, or, absent brine production sufficient to maintain the Sulphur Lease, to obtain an appropriate agreement (such as, but not limited to, a right-of-use and easement) from the MMS covering the Alternate Use Facilities which would allow the Venture, if the Option were exercised, to pursue the uses of the Alternate Use Facilities as herein contemplated.

  • It shall be a condition of the application of the Facility that Customers availing of this Facility shall not be entitled to avail of any other discount facility, which may be available in respect of eligible Businessvoice 30 Plan Calls or any other Calls in respect of which the Customer avails of reduced rates as part of this Facility.

Related to Sulphur Lease

  • Mining Lease means the mining lease granted pursuant to Clause 12 and includes any renewal thereof and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • mineral lease means the mineral lease referred to in clause 8(1)(a) hereof and includes any renewal thereof;

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Operating Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which is not a Capital Lease.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Major Lease shall have the meaning assigned to such term in the Mortgage Loan Agreement.

  • Concession Area means particulars of the area as more particularly described in Form A of West Bengal Minor Minerals (Auction) Rules, 2016.

  • Master Lease means any master lease now or hereafter entered into, in which the Healthcare Facility is aggregated with other HUD-insured healthcare facilities and leased to a Master Tenant and any amendments or joinders thereto.

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • licence area means the area constituted by the blocks that are the subject of a licence;

  • Landlord Agreement means an agreement substantially in the form provided by Lender to Borrower or such other form as Lender may agree to accept.

  • Site Lease means the lease of part of the Site from the Minister for Finance on behalf of the State to the Company;' ;

  • Natural area means an area of the rural or non-urban environment which is in an unspoilt natural state or is of high scenic value, and includes, but is not limited to, national parks, game reserves, nature reserves, marine reserves, wilderness areas, areas of extensive agriculture and scenic areas;

  • Superior Lease means the document which sets out the obligations your Landlord has made to their Superior Landlord. The promises contained in this Superior Lease will bind the Tenant if they have prior knowledge of those promises.

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • mining area means all those pieces of land containing two hundred and forty‑six (246) square miles or thereabouts situate in what is known to the parties as the “Xxx Xxxxx‑Siberia Nickel Laterite Area” the subject of the mineral claims applications for mineral claims and Temporary Reserves listed in the First Schedule hereto which are generally delineated and respectively coloured green and orange and red in the plan marked “X” signed by or on behalf of the parties for the purpose of identification;

  • Lease Area means the Lease Area as more particularly described in SCHEDULE C.

  • Easement Area means the area of the servient lot marked on the survey-strata plan as being subject to the relevant easement; and