Surface Leases definition
Examples of Surface Leases in a sentence
Upon receipt of the said notice, the Royalty Holder shall have a period of 10 days within which to advise the Owner in writing that it desires: (a) to take an assignment of the Mining Leases or the Surface Leases comprising Released Property; or (b) to acquire the Owned Claims comprising Released Property, by quitclaim deed, for consideration equal to US$10.
The aggregate purchase price for the Purchased Assets (the “Purchase Price”) shall be: (a) the sum of Thirty Million Dollars ($30,000,000.00) (the “Base Purchase Price”), which shall be due and payable to Seller at the Closing; plus (b) the sum of all amounts payable to Sellers by Buyer pursuant to Section 7.6 on account of any recoupable annual minimum rental or advance minimum royalty payments under any of the Coal Leases or any of the Surface Leases actually recouped by Buyer after the Closing.
The Parties acknowledge and agree that any assignment of the Mining Leases or the Surface Leases to the Royalty Holder under this section 2.7 may require the consent of the lessor thereunder.
To Seller’s Knowledge, except as otherwise disclosed or limited under this Agreement, there are no undisclosed liabilities that would have a Material Adverse Impact on the Stations, Surface Leases, Rights-of-Way, Pipelines or Related Facilities and that would prevent same from being functional to the extent necessary for their operation and compliance with the Related Agreements.
All Improvements used by the Company in the Business are either owned by the Company or leased under the Surface Leases or Mineral Leases.
In the event that any provisions of this Agreement are in conflict with or inconsistent with any specific statute, regulation or Regulatory Instrument with respect to the Project, including the Water License, the Surface Leases, the Fish Habitat Authorization or the Land Use Permits, the terms of such statute, regulation or Regulatory Instrument shall prevail to the extent of the conflict or inconsistency.
Except as otherwise permitted in the Credit Agreement, all rents, royalties and other payments due and payable by Mortgagor under the provisions of such Contracts, Servitudes, Surface Leases, Leases and other agreements and leases, or under the Liens permitted under Section 7.3 of the Credit Agreement, or otherwise attendant to the ownership or operation of the Property by Mortgagor, have been, and will continue to be, properly and timely paid.
Sellers have furnished to Buyer true and complete copies of all of the Coal Leases and Surface Leases and all amendments, supplements, assignments, partial assignments and other modifications relating thereto.
Purchaser has delivered to Seller a schedule of Title Defects and concerns attached to this Agreement as Schedule 3.03(a) (the "Title Defects") which describes all Title Defects and concerns as of the date hereof affecting Seller’s title to the Surface Leases, Rights-of-Way and Real Property (the "Properties") identified by Purchaser, and shall set forth its best estimate of the costs to cure such Title Defects and concerns.
Exhibit A Part 1 Leases, Easements, Rights-of-Way, Surface Fees and Surface Leases Exhibit A Part 2 ▇▇▇▇▇ Exhibit A Part 3 Allocated Values by Field and ▇▇▇▇▇ Exhibit A Part 4 Office Equipment and Furniture Exhibit A Part 5 Contracts Exhibit A Part 6 Vehicles, Boats, Etc.