Record Title Interest definition

Record Title Interest means an ownership interest in a Lease that (a) applies to all depths, (b) includes the right to unitize, relinquish and terminate the Lease, and (c) is a Working Interest except as to any depths covered by Operating Rights.
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Record Title Interest. None Working Interest (GA 389): None Overriding Royalty Interest (GA 389): 1.00000% An undivided one percent (1%) of six-sixths (6/6ths) overriding royalty interest in and to OCS-G 17133. *WEST DELTA BLOCK 58
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Record Title Interest means an ownership interest in a federal lease that
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Examples of Record Title Interest in a sentence

  • On February 23, 2010, the “Assignment of Record Title Interest in Federal OCS Oil and Gas Lease” pertaining to Lease No. OCS-G 32306, filed by BP and Anadarko Petroleum, was approved by the MMS, whereby BP assigned to Anadarko Petroleum a 2.5% record title/working interest in Lease No. OCS-G 32306.

  • As a result of the various agreements alleged herein and the foregoing “Assignment(s) of Record Title Interest in Federal OCS Oil and Gas Lease” pertaining to Lease No. OCS-G 32306, the Anadarko Defendants became and remain “responsible parties” for an “offshore facility” within the meaning of OPA, 33 U.S.C. §§ 2701 et seq.

  • As a result of the various agreements alleged herein and the foregoing “Assignment(s) of Record Title Interest in Federal OCS Oil and Gas Lease” pertaining to Lease No. OCS-G 32306, MOEX became and remains a “responsible party” for an “offshore facility” within the meaning of OPA, 33 U.S.C. §§ 2701 et seq.

  • On February 23, 2010, the “Assignment of Record Title Interest in Federal OCS Oil and Gas Lease” pertaining to Lease No. OCS-G 32306, filed by BP and MOEX, was approved by the MMS, whereby BP assigned to MOEX a 10% record title/working interest in Lease No. OCS-G 32306.

  • For BOEM Use only – Do Not Type Below This Line This Assignment of Record Title Interest has been filed as of the date stamped on this document and hereby approved by the Bureau of Ocean Energy Management on the date below.

  • On February 23, 2010, the “Assignment of Record Title Interest in Federal OCS Oil and Gas Lease” pertaining to Lease No. OCS-G 32306, filed by BP and Anadarko Exploration, was approved by the MMS, whereby BP assigned to Anadarko Exploration a 22.5% record title/working interest in Lease No. OCS-G 32306.

  • Record Title Interest: the primary ownership of a lease that includes the obligation to pay rentals, the rights to assign or relinquish a lease, and the ultimate responsibility to the agency for obligations under the lease.

  • Form MMS–150 entitled, Assignment of Record Title Interest in Federal OCS Oil and Gas Lease.

  • Federal OCS oil and gas lease serial number OCS-G 36610, dated June 1, 2019, between the United States of America and Shell Offshore Inc., covering all of Garden Banks Block 509, OCS Official Protraction Diagram NG15-02, containing approximately 5,760 acres and bearing a royalty rate of 18.75% percent (Record Title Interest).

  • Federal OCS oil and gas lease serial number OCS-G 36604, dated June 1, 2019, between the United States of America and Shell Offshore Inc., covering all of Garden Banks Block 421, OCS Official Protraction Diagram NG15-02, containing approximately 5,760 acres and bearing a royalty rate of 18.75% percent (Record Title Interest).

Related to Record Title Interest

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Transferred Interests has the meaning set forth in the Recitals.

  • Simple interest means interest computed on the principal balance outstanding

  • Purchased Interest means, at any time, the undivided percentage ownership interest of the Purchasers in: (a) each and every Pool Receivable now existing or hereafter arising, (b) all Related Security with respect to such Pool Receivables and (c) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security. Such undivided percentage ownership interest shall be computed as:

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

  • Beneficial Ownership Interest means the right to receive payments and notices with respect to the Bonds held in a Book Entry System.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Assigned Interests has the meaning set forth in Section 2 hereof;

  • Title Transfer means the transfer of title to Gas between two (2) Shippers at a Delivery Point, provided that each such party has executed a Transportation Service Agreement, or the transfer of title to Gas between two (2) Shippers at ATP, provided each such party has executed either a Transportation Service Agreement or a Title Transfer Agreement.

  • Uncertificated Lower-Tier Interest A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-L Interest, Class 1-LS Interest, Class 2-L Interest, Class 2-LS Interest, Class 3-L Interest, Class 3-LS Interest, Class 4-L Interest and Class 4-LS Interest are Uncertificated Lower-Tier Interests.

  • Ownership Interests means, with respect to any Person, all of the shares of Capital Stock of such Person and all debt securities of such Person that can be converted or exchanged for Capital Stock of such Person, whether voting or nonvoting, and whether or not such Capital Stock or debt securities are outstanding on any date of determination.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Membership Interests has the meaning set forth in the recitals.

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Purchased Interests has the meaning set forth in the Recitals.

  • Applicable Ownership Interest means, with respect to the Treasury portfolio,

  • Owner’s Title Policy means those certain ALTA extended coverage owner’s policies of title insurance issued in connection with the closing of the Mortgage Loan insuring the Mortgage Borrower as the owner of the Property.

  • sectional title unit means a unit defined in section 1 of the Sectional Titles Act;

  • Existing Title Policy means, the existing title insurance policy for the Property.

  • Assigned Value means the Market/Offer Price, as defined in Section 7.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Permitted Title Exceptions means those exceptions to title to the Real Property that are satisfactory to the Acquiror as determined pursuant to Section 2.2.