Oil and Gas Lease Sample Clauses

Oil and Gas Lease. If all or any part of the Property is subject to any subsisting oil and/or gas lease, such lease, and all rights and obligations thereunder, shall remain with and be retained by the lessor of such lease.
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Oil and Gas Lease. Oil and gas lease number «OAG» on this timber sale has been executed by: «OAG_leasee» with place of business at: Buyer shall not fell trees so that they fall on, or locate sawmills within 150 feet of existing or proposed oil and gas xxxxx or compressor station sites or pipelines serving same. Buyer shall secure prior permission in writing from Lessee to use roads improved or constructed by said Lessee, also to haul or skid on or across well or compressor station sites or pipelines. Buyer prior to use shall furnish District Forester with a copy of Xxxxxx’s letter granting said permission.
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Oil and Gas Lease. Any unleased mineral interests of Seller included in this transaction shall not be conveyed to Purchaser but shall, upon and subject to the provisions hereof, be leased on commercially reasonable terms to Purchaser by oil and gas lease.
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Oil and Gas Lease. Owner owns the surface within the (name specific watershed or landowner group) more fully described in Exhibit A to this Agreement, located in (County), (State) under which mineral interests are subject to oil and gas and coalbed methane (CBM) leases now held or hereafter acquired by Operator, and hereafter referred to as the “Lands.”
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Oil and Gas Lease. This Oil and Gas Lease (“Lease”) is made this day of , 2019, by and between whose address is , (“Lessor”, whether one or more) and whose address is , (“Lessee”).
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Oil and Gas Lease. This Oil and Gas Lease (“Lease”) is made this day of 2018, by and between: the Board of County Commissioners of the County of Xxxxxxxxx, Colorado, whose address is X.X. Xxx 0000, Xxxxxx Xxxxxxx, XX 00000 (“Lessor, whether one or more) and Southland Royalty Company LLC, whose address is 000 Xxxx 0xx Xxxxxx, Xxxx Xxxxx, Xxxxx 00000 (“Lessee”).
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Oil and Gas Lease. Donee acknowledges the existence of an oil and gas well on the Real Property, as well as certain pipelines and other improvements related thereto (the “Well”), installed in accordance with that certain Oil and Gas Lease dated as of September 1, 2005 by and between The Oakwood Club, Donor’s predecessor-in-interest (the “Club”) and Duck Creek Energy, Inc. (“Duck Creek”), as recorded on October 21, 2005 as Instrument Number 200510210950 of the Cuyahoga County Records (the “Original Oil and Gas Lease”), and amended by that certain First Amendment to Oil and Gas Lease by and between Donor and Duck Creek, dated as of February 8, 2011 and recorded on March 1, 2011 as Instrument Number 201103010089 of the Cuyahoga County Records (the “First Amendment to Oil and Gas Lease”) (together with the Original Oil and Gas Lease, the “Oil and Gas Lease”). In connection with and as part of the transaction contemplated herewith, Donor intends to Donate, transfer and assign all royalties associated with the gas Well to Donee and Donee agrees to receive and accept the same. At Closing, Donor shall notify Duck Creek of the transfer of ownership of the Real Property to Donee and, upon such transfer and notification, Donee shall have the rights under the Oil and Gas Lease to any applicable royalties due from the production of oil and gas from the Well. Donee acknowledges Donor’s rights pursuant to the First Amendment to Oil and Gas Lease (i) to relocate any and all existing tanks, pipelines and roadways on the Real Property and the Commercial Property and (ii) to request Duck Creek to plug and abandon certain xxxxx, including the Well. In the event Donor elects not to plug or abandon the Well but elects to disconnect the Well from the existing collection tanks, so long as Duck Creek has not elected to shut in the Well in accordance with the terms of Paragraph 8 of the Oil and Gas Lease, Donor agrees to provide, at Donor’s cost and expense, a collection and/or retrieval system at a location on the Real Property reasonably agreed upon among Donor, Donee and Duck Creek.
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Oil and Gas Lease. The Property will remain subject to the Oil and Gas Lease following the closing of the transactions provided for in the Agreement (the “Closing”), but Homette (or Skyline or another affiliate of Skyline) will after the Closing remain entitled to all Royalties provided for under the Oil and Gas Lease for a period of sixty (60) months following the Closing, after which period Champion will be entitled to Royalties thereafter accruing under the Oil and Gas Lease.
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Oil and Gas Lease. There exists a written perpetual Oil and Gas Lease by and between Xxxxxx X. Xxxxxxx and Queen Sand Resources, Inc. with an effective date of March 15, 2000 (the “Oil and Gas Lease”).
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Related to Oil and Gas Lease

  • Oil and Gas Properties Borrower will and will cause each of its Subsidiaries to, do or cause to be done all things reasonably necessary to preserve and keep in good repair, working order and efficiency all of its Oil and Gas Properties and other material Properties including, without limitation, all equipment, machinery and facilities, and from time to time will make all the reasonably necessary repairs, renewals and replacements so that at all times the state and condition of its Oil and Gas Properties and other material Properties will be fully preserved and maintained, except to the extent a portion of such Properties is no longer capable of producing Hydrocarbons in economically reasonable amounts. Borrower will and will cause each of its Subsidiaries to promptly: (i) pay and discharge, or make reasonable and customary efforts to cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its Oil and Gas Properties, (ii) perform or make reasonable and customary efforts to cause to be performed, in accordance with industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other material Properties, (iii) will and will cause each Subsidiary to do all other things necessary to keep unimpaired, except for Liens described in Section 9.03, its rights with respect to its Oil and Gas Properties and other material Properties and prevent any forfeiture thereof or a default thereunder, except to the extent a portion of such Properties is no longer capable of producing Hydrocarbons in economically reasonable amounts and except for Transfers permitted by Section 9.18. Borrower will and will cause each of its Subsidiaries to operate its Oil and Gas Properties and other material Properties or cause or make reasonable and customary efforts to cause such Oil and Gas Properties and other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance in all material respects with all Governmental Requirements.

  • Leasehold Interests Each lease or agreement to which the Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement without any default of the Company thereunder and, to the best of the Company's knowledge, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or lapse of time or both, would constitute a default or event of default by the Company under any such lease or agreement or, to the best of the Company's knowledge, by any other party thereto. The Company's possession of such property has not been disturbed and, to the best of the Company's knowledge, no claim has been asserted against the Company adverse to its rights in such leasehold interests.

  • Leases (a) Grantor will not (i) execute an assignment of the rents or any part thereof from the Premises without Beneficiary's prior consent, (ii) except where the lessee is in default thereunder, terminate or consent to the cancellation or surrender of any lease of the Premises or of any part thereof, now existing or hereafter to be made, having an unexpired term of one (1) year or more, provided, however, that any lease may be cancelled if promptly after the cancellation or surrender thereof a new lease is entered into with a new lessee having a credit standing at least equivalent to that of the lessee whose lease was cancelled, on substantially the same terms as the terminated or cancelled lease, (iii) modify any such lease so as to shorten the unexpired term thereof or so as to decrease, waive or compromise in any manner the amount of the rents payable thereunder or materially expand the obligations of the lessor thereunder, (iv) accept prepayments of more than one month of any installments of rents to become due under such leases, except prepayments in the nature of security for the performance of the lessees thereunder, (v) modify, release or terminate any guaranties of any such lease or (vi) in any other manner impair the value of the Mortgaged Property or the security hereof. (b) Grantor will not execute any lease of all or a substantial portion of the Premises except for actual occupancy by the lessee thereunder or its property manager, and will at all times promptly and faithfully perform, or cause to be performed, all of the covenants, conditions and agreements contained in all leases of the Premises or portions thereof now or hereafter existing, on the part of the lessor thereunder to be kept and performed and will at all times do all things reasonably necessary to compel performance by the lessee under each lease of all obligations, covenants and agreements by such lessee to be performed thereunder. If any of such leases provide for the giving by the lessee of certificates with respect to the status of such leases, Grantor shall exercise its right to request such certificates within five (5) days of any demand therefor by Beneficiary and shall deliver copies thereof to Beneficiary promptly upon receipt. (c) In the event of the enforcement by Trustee or Beneficiary of the remedies provided for hereby or by law, the lessee under each of the leases of the Premise will, upon request of any person succeeding to the interest of Grantor as a result of such enforcement, automatically become the lessee of said successor in interest, without change in the terms or other provisions of such lease, provided, however, that said successor in interest shall not be bound by (i) any payment of rent or additional rent for more than one (1) month in advance, except prepayments in the nature of security for the performance by said lessee of its obligations under said lease or (ii) any amendment or modification of the lease made without the consent of Beneficiary or such successor in interest. Each lease shall also provide that, upon request by said successor in interest, such lessee shall execute and deliver an instrument or instruments confirming such attornment.

  • Minerals The seller’s share of minerals (if any) will NOT transfer with the surface at closing.

  • Leaseholds If the Mortgage Loan is secured by a long-term residential lease, (1) the lessor under the lease holds a fee simple interest in the land; (2) the terms of such lease expressly permit the mortgaging of the leasehold estate, the assignment of the lease without the lessor's consent and the acquisition by the holder of the Mortgage of the rights of the lessee upon foreclosure or assignment in lieu of foreclosure or provide the holder of the Mortgage with substantially similar protections; (3) the terms of such lease do not (a) allow the termination thereof upon the lessee's default without the holder of the Mortgage being entitled to receive written notice of, and opportunity to cure, such default, (b) allow the termination of the lease in the event of damage or destruction as long as the Mortgage is in existence, (c) prohibit the holder of the Mortgage from being insured (or receiving proceeds of insurance) under the hazard insurance policy or policies relating to the Mortgaged Property or (d) permit any increase in rent other than pre-established increases set forth in the lease; (4) the original term of such lease is not less than 15 years; (5) the term of such lease does not terminate earlier than five years after the maturity date of the Mortgage Note; and (6) the Mortgaged Property is located in a jurisdiction in which the use of leasehold estates in transferring ownership in residential properties is a widely accepted practice;

  • Real Property; Leasehold Neither the Company nor any of its Subsidiaries owns or has ever owned any real property. The Company has made available to Parent (a) an accurate and complete list of all real properties with respect to which the Company directly or indirectly holds a valid leasehold interest as well as any other real estate that is in the possession of or leased by the Company or any of its Subsidiaries, and (b) copies of all leases under which any such real property is possessed (the “Company Real Estate Leases”), each of which is in full force and effect, with no existing material default thereunder. The Company’s use and operation of each such leased property conforms to all applicable Laws in all material respects, and the Company has exclusive possession of each such leased property and has not granted any occupancy rights to tenants or licensees with respect to such leased property. In addition, each such leased property is free and clear of all Encumbrances other than Permitted Encumbrances.

  • Notice of Sales of Oil and Gas Properties In the event the Borrower or any Subsidiary intends to sell, transfer, assign or otherwise dispose of any Oil or Gas Properties or any Equity Interests in any Subsidiary in accordance with Section 9.12, prior written notice of such disposition, the price thereof and the anticipated date of closing and any other details thereof requested by the Administrative Agent or any Lender.

  • Contract Area Block which superficial projection is delimited by the polygon defined in Annex I or the plots of the Block remaining subject to the Agreement after the partial relinquishments provided for herein are made.

  • Title to Properties; Leases Except as indicated on Schedule 7.3 hereto, the Borrower and its Subsidiaries own all of the assets reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date or acquired since that date (except property and assets sold or otherwise disposed of in the ordinary course of business since that date), subject to no rights of others, including any mortgages, leases, conditional sales agreements, title retention agreements, liens or other encumbrances except Permitted Liens.

  • Lease The Lease Agreement (Federal Express Corporation Trust No. N667FE) dated as of August 1, 1996, as amended and restated as of October 15, 1996, entered into by the Lessor and the Lessee concurrently with the execution and delivery of the Indenture, as said Lease may from time to time be supplemented or amended, or its terms waived or modified, to the extent permitted by, and in accordance with, the terms of the Indenture, including, without limitation, supplementation by one or more Lease Supplements entered into pursuant to the applicable provisions of the Lease.