Subject Development Lands definition

Subject Development Lands means the lands subject to or covered by the oil and gas leases described in Exhibit A-2, subject to the exceptions, exclusions and reservations set forth on such Exhibit A-2, as such Exhibit may be modified pursuant to the Term Royalty Conveyance.
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Subject Development Lands means the lands subject to or covered by the --------------------------- oil and gas leases described in Exhibit A-2, subject to the exceptions, exclusions and reservations set forth on such Exhibit A-2, as such Exhibit may be modified pursuant to Section 1.05 and Section 12.01.
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Subject Development Lands means the Subject Development Lands subject to the Royalty Interests, as "Subject Development Lands" are defined in the Conveyances.
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Examples of Subject Development Lands in a sentence

  • The counterparts are identical except to facilitate recordation, the counterpart recorded in each county may contain property descriptions relating only to the Subject Development Lands located in that county.

  • Assignor will not Transfer any Producing Well or Subject Producing Lands, or Completed Development Well or any of the Subject Interests comprising a part of the Subject Development Lands, pursuant to Sections 11.01 and 11.02 prior to Assignor satisfying the drilling obligations under Section 2.01 of the Development Agreement.

  • If any Subject Development Lands are located in more than one county, the description of such Subject Development Lands may be included in any one or more counterparts prepared for recordation in separate counties, but the inclusion of the same property description in more than one counterpart of this Development Agreement shall not be construed as having effected any cumulative, multiple, or overlapping interest in the Subject Lands in question.

  • Operator's obligation under Section 2.01(a) shall survive, even if (i) any of the Term Royalty Interest in the Subject Development Lands is Transferred or released in whole or in part by Black Stone or (ii) notwithstanding Sections 11.01 through 11.04 of each of the Term Royalty Conveyance, Operator Transfers, mortgages or pledges the Subject Development Lands or Subject Interests.

  • In the event that Operator acquires any additional leases ("Additional Lease") other than the Subject Interests in the AMI Areas prior to Operator's satisfaction of Operator's drilling requirements in Section 2.01, Operator and Black Stone shall execute, acknowledge, and deliver an instrument that amends this Development Agreement so that such Additional Lease will be part of the Subject Interests and Subject Development Lands hereunder.

  • A counterpart of the Development Agreement containing all property descriptions of Subject Development Lands will be filed for record in Kanawha County, West Virginia.

  • It is understood and agreed that with respect to Completed Development Wells, the Term Royalty Interest will be calculated on the basis that Assignor's Working Interest in the Subject Development Lands is not burdened by Production Burdens that exceed 12.5%.

  • In the event that Assignor's Working Interest in any of the Completed Development Wells is subject to Production Burdens in excess of 12.5%, such excess burdens will be the sole responsibility of Assignor and paid out of Assignor's fifty percent (50%) interest in the Subject Development Lands retained by Assignor hereunder.

  • Multiple counterparts of the Development Agreement have been recorded in the counties where the Subject Development Lands are located.

  • Prior to the satisfacxxxx of Operator's drilling requirements in Section 2.01, Operator shall not, and shall cause its Affiliates not to, nor permit any other Person to, drill any well on the Subject Development Lands in the AMI Areas that will not be a Development Well hereunder; provided however that any Development Well that does not constitute a Completed Development Well shall not be deemed a violation of this Section 2.09, so long as such Development Well is drilled in compliance with Section 2.13.

Related to Subject Development Lands

  • Project Developer means Bidding Company or a Bidding Consortium submitting the Bid. Any reference to the Bidder includes Bidding Company / Bidding Consortium/ Consortium, Member of a Bidding Consortium including its successors, executors and permitted assigns and Lead Member of the Bidding Consortium jointly and severally, as the context may require”;

  • Development Area means that area to which a development plan is applicable.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • Development Agreements means all development, utility or similar agreements included in the Permitted Encumbrances.

  • Existing development means development, other than that associated with agricultural or forest management activities, that meets one of the following criteria:

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Research and development facility means an establishment engaged in laboratory, scientific, or experimental testing and development related to new products, new uses for existing products, or improving existing products. The term does not include an establishment engaged in efficiency surveys, management studies, consumer surveys, economic surveys, advertising, promotion, banking, or research in connection with literary, historical, or similar projects.

  • Commencement of Development means the date on which any material operation (as defined in Section 56(4) of the Act) forming part of the Development begins to be carried out other than (for the purposes of this Deed and for no other purpose) operations consisting of site clearance, demolition work, archaeological investigations, investigations for the purpose of assessing ground conditions, remedial work in respect of any contamination or other adverse ground conditions, diversion and laying of services, erection of any temporary means of enclosure, the temporary display of site notices or advertisements and “Commence Development” shall be construed accordingly.

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Development Works means the external development works and internal development works on immovable property;

  • Project Area means THE AREA WHERE WORK IS BEING PERFORMED FOR THE CITY OF SUFFOLK, VIRGINIA.

  • Joint Development Agreement has the meaning provided in Section 5.3.

  • Development Phase means the period before a vehicle type is type approved.