Lease Operations definition

Lease Operations means all necessary or useful lease and land administration services and maintaining all land, lease and other related records (including title to the Owner’s Assets and the maintenance and curing of the same) and all technical, regulatory, permitting and marketing supervision and oversight determined by the Manager to be necessary or appropriate to assure that the Owner’s Assets are being explored, developed, produced, gathered and operated in accordance with this Agreement, including the Exhibits hereto, and applicable contracts and agreements.
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Lease Operations means any operations conducted by or on behalf of Lessee which are related in any way to this Lease including, without limitation, its operations under any related exploratory licences, surface lease or right of way agreements, or other related agreements; Lease Rights means the Oil and Gas rights specified in Appendix “A”; Oil means crude oil and all other hydrocarbons, regardless of gravity, that are produced from an Approved Oil Well in liquid form, (Crude Bitumen may be excluded from the title document); (Adapted from Indian Oil and Gas Act); Option Well is a well Lessee has the right but not the obligation to drill; Regulations means the Indian Oil and Gas Act and the Indian Oil and Gas Regulations, 1995 or either of them; Rig Release means the release of the drilling rig from the applicable wellsite; Royalty is the royalty described in Appendix “B” to be computed, levied and collected on production obtained from or attributable to the Lease Lands; Seismic Program if any, is described in the Term Sheet; Term is defined in clause 3.00 of the General Terms; Term Sheet means the document entitled “Lease Term Sheet” to which this Appendix “C” is attached; Test Well if specified in the Term Sheet as part of the Drilling Program, is a well Lessee is required to drill. In addition, unless the contrary is stated, the definitions in the Indian Act, the Indian Oil and Gas Act and the Indian Oil and Gas Regulations, 1995 for any terms used in this Lease, shall also apply.
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Examples of Lease Operations in a sentence

  • To promote awareness of the Market and cooperation in the administration of the Lease and this Lease Operations Manual, IFAA shall make available to the Secretary and Directors of MOIFA and MIAC a discrete number of complimentary admissions to be used in furtherance of the State’s and the divisions’ statutory missions.

  • County of Santa Fe ) This Lease Operations Manual was acknowledged before me on the day of , 2014, by Xxxxxxxx Xxxxxxxx in her capacity as Secretary of the New Mexico Department of Cultural Affairs.

  • Lessee agrees to indemnify and save Lessor harmless from any and all claims that may be made by Lessee’s employees under workers compensation laws in relation to the Lease Operations and in Lessee’s performance of Lessee’s obligations under this Agreement.

  • County of Santa Fe ) This Lease Operations Manual was acknowledged before me on the day of , 2014, by , in his/her capacity as Chair of the Board of the International Folk Art Alliance.

  • County of Santa Fe ) This Lease Operations Manual was acknowledged before me on the day of , 2014, by Xxxxxx Xxx in her capacity as Director of the Museum of International Folk Art.

  • Except for certain operational and administrative procedures and other matters as contemplated in the Lease Operations Manual attached as Exhibit A, any amendments to this Lease shall be approved by the New Mexico State Board of Finance.

  • In consideration of this Lease, Tenant (i) shall pay cash payments as described in detail in Paragraph 6 of the Lease Operations Manual attached as Exhibit A plus (ii) shall provide other cash and in-kind contributions as described in detail in Paragraph 6 of the Lease Operations Manual.

  • DCA and MOIFA shall specify the consideration received from IFAA for any services or benefits provided by MOIFA or DCA to IFAA that are not identified in this Lease Operations Manual.

  • Where Lessee reasonably believes Lease Operations may adversely affect the Band, Lessee shall meet with the Band Council and any Band members who might reasonably be expected to be so affected and fully explain the proposed operation together with all expected impacts.

  • Lessee’s possession, use or operation of the Aircraft pursuant to this Agreement shall be referred to herein as the “Lease Operations.” Lessee agrees that its Lease Operations shall not exceed four hundred seventy-five (475) flight hours during any twelve (12) month period without the consent of Lessor.

Related to Lease Operations

  • Base Operating Costs means Operating Costs for the calendar year specified as the Base Year in the Basic Lease Information (excluding therefrom, however, any Operating Costs of a nature that would not ordinarily be incurred on an annual, recurring basis).

  • Base Operating Expenses means the Operating Expenses for the Base Year.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Operating Area means those areas on-shore in India in which company or its affiliated company may from time to time be entitled to execute such services/operations.

  • Exploration Operations means operations conducted in the Contract Area pursuant to this Contract in searching for Petroleum and in the course of an Appraisal Programme and shall include but not be limited to aerial, geological, geophysical, geochemical, palaeontological, palynological, topographical and seismic surveys, analysis, studies and their interpretation, investigations relating to the subsurface geology including structural test drilling, stratigraphic test drilling, drilling of Exploration Xxxxx and Appraisal Xxxxx and other related activities such as surveying, drill site preparation and all work necessarily connected therewith that is conducted in connection with Petroleum exploration.

  • Common Area Operating Expenses are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Industrial Center, including, but not limited to, the following:

  • Salvage operation means any business, trade or industry engaged in whole or in part in salvaging or reclaiming any product or material, including but not limited to metals, chemicals, shipping containers or drums.

  • Leash means a leash, cord, chain, or other comparable material which must be of a gauge suitable for controlling said dog and shall not be longer than six feet.

  • Controllable Operating Expenses means all Operating Expenses except real property taxes, all forms of insurance, utility expenses, costs of services provided under a union contract, payments under CC&R’s or to an owners’ association and costs associated with repairs due to casualty, vandalism or other source outside of Landlord’s reasonable control.

  • Mining Operations means every kind of work done by the Operator:

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • Branch operations means any business operations of a branch captive insurance company in this State.

  • Drilling operations means the drilling of an oil and gas well and the production and completion operations ensuing from the drilling which require entry upon the surface estate and which were commenced after June 30, 1979, and oil and gas geophysical and seismograph exploration activities commenced after June 30, 1983.

  • Operating Expenditures means all Partnership Group cash expenditures (or the Partnership’s proportionate share of expenditures in the case of Subsidiaries that are not wholly owned), including taxes, compensation of employees, officers and directors of the General Partner, reimbursement of expenses of the General Partner and its Affiliates, debt service payments, Maintenance Capital Expenditures, repayment of Working Capital Borrowings and payments made in the ordinary course of business under any Hedge Contracts, subject to the following:

  • Protected Space Operations means all Launch or Transfer Vehicle activities, ISS activities, and Payload activities on Earth, in outer space, or in transit between Earth and outer space in implementation of the IGA, MOUs concluded pursuant to the IGA, implementing arrangements, and contracts to perform work in support of NASA's obligations under these Agreements. It includes, but is not limited to:

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • Office Premises means any building, facility, or portion thereof, or other premises, whether owned or controlled by CP, which is used solely for clerical or administrative purposes and which does not contain heavy equipment or machinery, as designated by CP from time to time;

  • Building Operating Expenses means the portion of "Operating Expenses," as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • 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.

  • Operating or "Operation" means to provide (or the provision of) all the operation, engineering, purchasing, repair, supervision, training, inspection, testing, protection, use, management, improvement, replacement, refurbishment, retirement, and maintenance activities associated with operating the Generating Facility in accordance with Prudent Electrical Practices.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

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

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Occupancy means the use or intended use of a building or part thereof for the shelter or support of persons, animals or property.

  • Gross Operating Expenses shall include (i) all costs and expenses of operating the Hotel included within the meaning of the term “Total Costs and Expenses” contained in the Uniform System and, (ii) without duplication, the following: all salaries and employee expense and payroll taxes (including salaries, wages, bonuses and other compensation of all employees of the Hotel, and benefits including life, medical and disability insurance and retirement benefits), expenditures described in Section 9.1, operational supplies, utilities, insurance to be provided by Lessee under the terms of this Lease, governmental fees and assessments, common area maintenance costs and other common area fees and assessments, food, beverages, laundry service expense, the cost of Inventories, license fees, advertising, marketing, reservation systems and any and all other operating expenses as are reasonably necessary for the proper and efficient operation of the Hotel and the Leased Property incurred by Lessee in accordance with the provisions hereof (excluding, however, (i) federal, state and municipal excise, sales and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes paid over to federal, state or municipal governments, (ii) the cost of insurance to be provided under Article 13, (iii) expenditures by Lessor pursuant to Article 13 and (iv) payments on any Mortgage or other mortgage or security instrument on the Hotel); all determined in accordance with generally accepted accounting principles. No part of Lessee’s central office overhead or general or administrative expense (as opposed to that of the Hotel), and no operating expenses paid or payable by tenants under Space Leases, shall be deemed to be a part of Gross Operating Expenses, as herein provided. Reasonable out-of-pocket expenses of Lessee incurred for the account of or in connection with the Hotel operations, including but not limited to postage, telephone charges and reasonable travel expenses of employees, officers and other representatives and consultants of Lessee and its Affiliates, shall be deemed to be a part of Gross Operating Expenses and such Persons shall be afforded reasonable accommodations, food, beverages, laundry, valet and other such services by and at the Hotel without charge to such Persons or Lessee.