Surface of the Property definition

Surface of the Property or “Surface” means the title to the surface and surface estate of the Property, excluding the Geothermal Resources, mineral estate and all minerals.
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Examples of Surface of the Property in a sentence

  • If the landowner not part of the production unit and therefore will not receive production royalties, but the lease is in good standing as to the rental payments and work commitments, then the Landowner grants the Lessee the right to lease that portion of the Surface of the Property as may be required for the Lessee's production and/or transmission facilities at surface lease rate of $1200/acre for productive crop land, $600/acre for pasture land and $300/acre for hillside or otherwise non-productive land.

  • To the best of the Landowner’s knowledge, except as disclosed to the Lessee in writing or as a matter of public record, the Landowner is the legal and beneficial owner of and has good and marketable title to the Property, including the Surface of the Property and the Geothermal Resources, free and clear of any mortgage, lien, charge, encumbrance or any other interest visibly apparent on Landowner’s property.

  • If the Landowner is part of a production unit and thereby is to receive production royalties, the Landowner grants to the Lessee the right to lease that portion of the Surface of the Property as is required for the Lessee's production and/or transmission facilities at a surface lease rate of $600/acre per year for productive crop land, $300/acre per year for pasture land and $150/acre per year for hillside or otherwise non-productive land.

  • On NLRC's receipt of Lessee's notice of exercise of the Option, the parties shall make diligent efforts to close the conveyance of the Surface of the Property, as applicable, within thirty (30) days after NLRC's delivery of the notice.

  • If Lessee exercises the Option, NLRC shall execute and deliver a conveyance of the Surface of the Property which contains a reservation of the Geothermal Resources, mineral estate, all minerals and the Royalty.

  • Payment of any and all state and local real property and personal property taxes levied on the Surface of the Property and not otherwise provided for in this Agreement shall be prorated between the parties as of the closing of any transaction on the basis of a thirty (30) day month.

  • Accordingly, in conducting operations of whatsoever nature with respect to the exploration for, exploitation of, mining, production, processing, transporting and/or marketing of the Reserved Minerals from the Property or in connection with the conduct of other activities associated with the ownership of the Reserved Minerals, Seller shall be prohibited from using, entering upon, or occupying any operation on the Surface of the Property or placing any fixtures, equipment, buildings or structures thereon.

  • On closing of the Option, Lessee shall acquire and own the Surface of the Property, subject to the Royalty reserved by NLRC.

  • NLRC grants to Lessee the right to purchase the Surface of the Property, subject only to the Royalty reserved by NLRC.

  • NLRC and Lessee shall execute and deliver such other written assurances and instruments as are reasonably necessary for the purpose of closing the purchase of the Surface of the Property.

Related to Surface of the Property

  • Surface mining means mining by removing the overburden lying above the natural deposits and excavating directly from the natural deposits exposed, or by excavating directly from deposits lying exposed in their natural state and shall include dredge operations conducted in or on natural waterways or artificially created waterways within the state.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Adjoining Property means all sidewalks, driveways, curbs, gores and vault spaces adjoining any of the Leased Premises.

  • the Land means the land on which the development would be carried out or, in relation to development already carried out, has been carried out;

  • Adjacent Property means all land adjoining and surrounding the Stadium Site on which will be located any public streets, sidewalks, plazas, or bridges and any public or private parking facilities or other accoutrements to be developed by Authority or other parties in connection with the Project.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II hereof.

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Buildings means any and all buildings, structures, garages, utility sheds, workrooms, air conditioning towers, open parking areas and other improvements, and any and all additions, alterations, betterments or appurtenances thereto, now or at any time hereafter situated, placed or constructed upon the Land or any part thereof.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Project site, where applicable, means the place indicated in bidding documents.

  • Receiving property means a lot or parcel within which

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • Mortgaged Premises means any real property which shall now or hereafter be subject to a Notes Mortgage.

  • farm building means that part of a bona fide farming operation encompassing barns, silos and other ancillary development to an agricultural use, but excluding a residential use;

  • Adjacent means either immediately contiguous to or abutting a neighboring property, lot or walkway, and excludes property, lots, or walkways across the street from, or diagonally opposite across an intersection from the subject property, lot, or walkway.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • the Premises means the building or part of the building booked and referred to in the contract

  • Premises means the location where the Services are to be supplied, as set out in the Specification.

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by Company or any Company Subsidiary, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the lease for such Leased Real Property.

  • Assisted cleaning or washing of tangible personal property means cleaning or washing of tangible personal property if the cleaning or washing labor is primarily performed by an individual: