UNITIZED SUBSTANCES Sample Clauses

UNITIZED SUBSTANCES. All oil, gas, natural gasoline, and associated fluid hydrocarbons in any and all formations of the unitized land are unitized under the terms of this agreement and herein are called "unitized substances".
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UNITIZED SUBSTANCES. All oil, gas, natural gasoline, and associated fluid hydrocarbons in the San Xxxxxx formation, the correlative interval of which is identified between the logged depths of 4,243 feel and 5,643 feet in the Compensated Neutron/Gamma Ray log formulated by Schlumberger on the Xxxxxx 22 ff 1 well (API: 30-025-3892), located in Section 22, Township 10 South, Range 36 East, Lea County, NM, are unitized under the terms oftin's agreement and herein arc caffed "unitized substances’’.
Sample 1
UNITIZED SUBSTANCES. All oil. gas. natural gasoline, and associated fluid hydrocarbons only (run the San Xxxxxx formation ofthe unitized land are unitized under the terms of this agreement and herein arc called "unitized substances". v un it o pe r a t o r : Nemo Fund 1, LLC _. whose address is _5826 New Territory, Box #412, Suqarland. Texas 77479is hereby designated as unit operator and by signature hereto commits to this agreement all interest in unitized substances vested in it as sot forth in Exhibit ”B". and agrees and consents to Revised web version December 2014 3 aoq* lKdW.es-ob^ra o( un.. oper,,or for ,he d^. H^clop.nen, and potion ofunitized substances « herein provided. Whenever ***** is nude *"L ° T T^a rhKkKKe mCMS * °rm,0r iB ||WI awJ "O' M»n owner ol interests m unsized subsumes end the ten.. -workhT .meres, owner who. used heron shall include or refer lo urn, operator as (he owner of* working interest when such an interest j, owned by i,. ’ 4- MSWNATIW OR REMOVAL OMINITPPFRlVrOU: Uni. operator shall have ,he right ,o resign a, any time but such resignation shall no, become effective until successor uni, operator has been selected and approved in the manner provided for in See,ion 5 of.hi. agreement. I he resignation o. ilreTni,Zra.oTdulhm reC the unu operaior from any liability or any default by n hereunder occurring prior lo the effective dare of its resignation Un,I operator may upon default o, failure in the performance of its duties or obligations hereunder, be subject to remos al bv the same perce,uage vote of terenn 1ri; "* ?“"'***?* ,n hcMn 'mwided ,6r «»* *•«*»«*» urn, operator Such removal si,ail be effect,v« upon notice thercoftothe C oininissioncr and rise Division ^ -n ^,^aMn "*•**» *'*»* unu operator under this agreement shall not terminate his right, title or interest as the owner ofa working interest or other 2 nl .T 1 HI UP°n ? re,'k7,,°n °r rC,"‘>Vai °f U,,i‘ 0pen"°r bKommt xxxxxxxxx-xxxx0 x,,xx ^xx0X sh»11 «m possession ofall equipment ^ own ™f rCMnMh " C 11 and 0WI*d * "*interest owners to the new duly qualified successor uni. operator, or to the owners thereof f*. such new un,. operator is elected, to be used for the purpose ofconducting unit operations hereunder. Nothing herein shall be construed as authorizing removal ofany material, equipment and appurtenances needed for the preservaiion ofwells 5wn PPRKATW: Whenever the unit operaior sliall resign as unit operaior or sltall be removed as Irereinabovc provided the owners ofthe workirut me...
Sample 1
UNITIZED SUBSTANCES. All Unitized Substances produced and saved from an Operating Area, except so much thereof as is used in the conduct of Unit Operations, shall be allocated to the several Tracts within such Operating Area in accordance with their respective Tract Participations then in effect. The amount of Unitized Substances allocated to a Tract regardless of whether it is more or less than the actual production of Unitized Substances from the well or xxxxx, if any, on such Tract, shall be deemed for all purposes to have been produced from such Tract. The Unitized Substances allocated to a Tract shall be distributed among, or accounted for to, the Parties entitled to share in the production from such Tract in the same manner, in the same proportions, and upon the same conditions as they would have participated and shared in the production from such Tract, or in the proceeds thereof, had this agreement not been entered into, and with the same legal effect. There shall be no readjustments of production on account of the revision of basis of participation.
Sample 1
UNITIZED SUBSTANCES. Deposi t s of oil a n d g a s co n t a i n ed i n t h e un i t ized l a n d w h ic x x x x x ecove x x ble i n p a y i n g q u a n- t i t ies b y ope r a t io n un de r a n d p ur s u a n t t o a n a g r ee m e n t .
Sample 1
UNITIZED SUBSTANCES. Deposits of geothermal resources recovered from unitized land by operation under and pursuant to a unit agreement.
Sample 1

Related to UNITIZED SUBSTANCES

  • Chemical Substances Supplier warrants that: (i) each chemical substance contained in Products is on the inventory of chemical substances compiled and published by the Environmental Protection Agency pursuant to the Toxic Substances Control Act and (ii) all Material Safety Data Sheets required to be provided by Supplier for Products shall be provided to DXC prior to shipment of the Products and shall be complete and accurate.

  • Hazardous Substances The words "Hazardous Substances" mean materials that, because of their quantity, concentration or physical, chemical or infectious characteristics, may cause or pose a present or potential hazard to human health or the environment when improperly used, treated, stored, disposed of, generated, manufactured, transported or otherwise handled. The words "Hazardous Substances" are used in their very broadest sense and include without limitation any and all hazardous or toxic substances, materials or waste as defined by or listed under the Environmental Laws. The term "Hazardous Substances" also includes, without limitation, petroleum and petroleum by-products or any fraction thereof and asbestos.

  • Controlled Substance Bodily injury" or "property damage" arising out of the use, sale, manufacture, delivery, transfer or possession by any person of a Controlled Substance as defined by the Federal Food and Drug Law at 21 U.S.C.A. Sections 811 and 812. Controlled Substances include but are not limited to cocaine, LSD, marijuana and all nar- cotic drugs. However, this exclusion does not apply to the legitimate use of prescription drugs by a person following the orders of a licensed physician. Exclusions A. Motor Vehicle Liability", B. "Water- craft Liability", C. "Aircraft Liability", D. "Hovercraft Liability" and E.4. "Insured's" Premises Not An "In- sured Location" do not apply to "bodily injury" to a "residence employee" arising out of and in the course of the "residence employee's" employment by an "insured".

  • Underground Tanks If underground or other storage tanks storing Hazardous Materials located on the Premises or the Project are used by Tenant or are hereafter placed on the Premises or the Project by Tenant, Tenant shall install, use, monitor, operate, maintain, upgrade and manage such storage tanks, maintain appropriate records, obtain and maintain appropriate insurance, implement reporting procedures, properly close any underground storage tanks, and take or cause to be taken all other actions necessary or required under applicable state and federal Legal Requirements, as such now exists or may hereafter be adopted or amended in connection with the installation, use, maintenance, management, operation, upgrading and closure of such storage tanks.

  • Hazardous Materials Tenant shall not keep on the Premises any item of a dangerous, flammable or explosive character that might unreasonably increase the danger of fire or explosion on the Premises or that might be considered hazardous or extra hazardous by any responsible insurance company.

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