Examples of Geothermal Leases in a sentence
Geothermal Leases The Company has entered into a number of geothermal lease agreements aggregating approximately 1,000 acres in the Salton Sea area of California that may be terminated by the Company at any time without penalty.
In addition, foreclosure of such property shall not destroy or terminate the Site Lease, Geothermal Leases or Easement Agreements by application of the doctrine of merger or as a matter of law or as the result of foreclosure unless Beneficiary or any purchaser at a foreclosure sale may so elect.
The closing (the “Closing”) of the within purchase, delivery, and exchange of the Geothermal Leases and Common Shares, as contemplated in the manner as set forth in Section 3 hereinabove, together with all of the transactions contemplated by this Agreement shall occur on March 26, 2010 (the “Closing Date”), or on such earlier or later Closing Date as may be agreed to in advance and in writing by each of the Parties hereto, and will be closed at the offices Urex Energy Corp., 10580 N.
The applicable Geothermal Leases and all other leases, easements and real property interests that individually or in the aggregate are material to each Project Company and its Project are valid and subsisting and are in full force and effect in all respects.
Per: /s/ CA Xxxxxxx Authorized Signatory C A Xxxxxxx, President SCHEDULE A THIS IS SCHEDULE A to the Geothermal Leases Purchase Agreement made as of March 18, 2010 Description of Geothermal Leases Table 1 - Geothermal Leases Lease Serial No. Lease Effective Date Land Description Acreage NVN 86858 1-Sep-09 T.0330N., R0240E., 21 MDM, NV 1920 Sec.
Trustor shall not under any circumstances modify, amend, cancel, or terminate any of the Site Lease, the Geothermal Leases, the Easement Agreements, the Leases or the Contracts without Beneficiary's prior written consent, and any attempted modification, cancellation, amendment or termination of any of the Site Lease, the Geothermal Leases, the Easement Agreements, the Leases or Contracts without such consent shall be void and of no force or effect whatsoever.
Except for the Ground Lease and the Geothermal Leases, the Issuer will not enter into, create or suffer to exist any obligations for payment under any operating lease or agreement to lease (but excluding any obligations under leases required to be classified as Capital Leases to the extent such obligations would be permitted under Section 10.6(c) hereof).
Except for the Geothermal Leases and leases of office space, office equipment or motor vehicles with respect to which the aggregate lease payments do not exceed $50,000 per year as required in connection with the operation of the Project, the Issuer will not, and will not cause or permit any Issuer Subsidiary to, enter into, create or suffer to exist any obligations for payment under any operating lease or agreement to lease.
The Ground Lease, the Geothermal Leases and all other leases, easements and real property interests that individually or in the aggregate are material to the Issuer and the Project are valid and subsisting and are in full force and effect in all respects.