Underlying Properties definition

Underlying Properties means the Subject Interests subject to the Net Profits Interest, as “Subject Interests” is defined in the Conveyance.

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Underlying Properties means the Subject Interests, Development ▇▇▇▇▇ and ▇▇▇▇▇ subject to the Royalty Interests, as “Subject Interests,” “Development ▇▇▇▇▇” and “▇▇▇▇▇” are defined in the Conveyances.

Underlying Properties means those properties owned by the Company from which the Company will convey the PDP Royalty Interest and the Development Royalty Interest to the Trust. It is further understood and agreed to by all parties hereto that the following transactions will occur on or before the Closing Date (as hereinafter defined):

Examples of Underlying Properties in a sentence

Neither the Trustee nor the Delaware Trustee shall have any responsibility or authority relating to the development or operations of the Underlying Properties or the marketing of any production therefrom or any other business decision affecting the assets of the Trust.
Neither the Trustee nor the Delaware Trustee shall have any responsibility or authority relating to the development or operations of the Underlying Properties or the marketing of any production therefrom or, except as contemplated hereby, any other business decision affecting the assets of the Trust.
The Trustee and its duly authorized Agents shall have the right, at the expense of the Trust and during reasonable business hours upon reasonable prior written notice, to examine and inspect the records of ▇▇▇▇▇▇▇▇▇ relating to the Royalty Interests and the Underlying Properties.
Neither the Trustee nor the Delaware Trustee shall have any responsibility or authority relating to the operations of the Underlying Properties or the marketing of any production therefrom.
Notwithstanding the foregoing, any sale of Underlying Properties pursuant to this Section 3.02(b), in a single transaction or a series of related transactions, where the gross purchase price to be received by ▇▇▇▇▇▇▇▇▇ is greater than $5,000,000 shall require approval by the vote of a Unit Majority.

More Definitions of Underlying Properties

Underlying Properties means the properties which secure the obligations under the Mortgage Loans, First Mortgage Bonds and other mortgage investments.

Underlying Properties means, collectively, the Premises (as defined in the Mezzanine Loan Agreement) and the Property (as defined in the Mortgage).

Underlying Properties means the natural gas properties in which the Company has an interest located in the Black Warrior Basin, Tuscaloosa County, Alabama insofar as such properties include the Pottsville Formation.

Underlying Properties is defined in the recitals.

Underlying Properties means the real properties to be acquired by the Underlying Partnership pursuant to the Purchase Agreement, each of which real properties is more specifically identified and defined on Schedule 4 attached hereto, together with all other tangible and intangible property to be acquired by the Underlying Partnership pursuant to the Purchase Agreement.

Underlying Properties means the 650 producing gas w▇▇▇▇ and 65 proved development well locations located in Western Virginia and Pennsylvania owned by Eastern American Energy Corporation.

Underlying Properties means the Subject Interests subject to the Net Profits Interest, as "Subject Interests" is defined in the Conveyance. ARTICLE II NAME AND PURPOSE OF THE TRUST; DECLARATION OF TRUST