Xxxxxxxxx Lease. Seller shall use its commercially reasonable efforts to obtain all consents and approvals necessary to be obtained for Seller (and after the Closing, Buyer) to occupy, and operate the Purchased Assets and the Business at, the property to be leased pursuant to the Xxxxxxxxx Lease. In the event that all such consents and approvals are not obtained prior to the Closing, Buyer may at its option (exercisable by it in its sole discretion) elect to include the Xxxxxxxxx Lease on the Schedule 1.1E(vi) list of excluded Contracts, in which case Buyer shall have no obligation to assume the Xxxxxxxxx Lease.
Xxxxxxxxx Lease. Oil & Gas Lease dated May 12, 1926, by and between Wm. A XxXxxxxxx and Xxxxxx XxXxxxxxx as Lessors to W.A. Priest and W.E. Xxxxx, Jr., as Lessees, recorded in Volume 1, Page 292 of the Oil & Gas Records, Xxxxxxx County, Texas. Oil & Gas Lease dated April 20, 1926, by and between X.X. Xxxxxxxx and wife, Xxx Xxxxxxxx, as Lessors to X.X. Xxxxxxx., as Lessee, recorded in Volume 1, Page 245 of the Oil & Gas Records, Xxxxxxx County, Texas. Oil & Gas Lease dated August 13, 1925, by and between Xxxx Xxxxxx and wife, Nevada X. Xxxxxx, as Lessors to X.X. Xxxxxxxx, as Lessee, recorded in Volume 1, Page 153, rerecorded in Volume 1, Page 278 of the Oil & Gas Records, Xxxxxxx County, Texas. Oil & Gas Lease dated March 27, 1925, by and between Xxx Xxxxxxxx and husband, X.X. Xxxxxxxx, as Lessors to X.X. Xxxxx., as Lessee, recorded in Volume 1, Page 290 of the Oil & Gas Records, Xxxxxxx County, Texas.
Xxxxxxxxx Lease. Oil & Gas Lease dated March 27, 1925, by and between Xxx Xxxxxxxx; Lessee, as Lessors to X.X. Xxxxx, as Lessee, recorded in Volume 1, Page 144 of the Oil & Gas Records, Xxxxxxx County, Texas.
Xxxxxxxxx Lease. On or before the Closing Date, Seller agrees to enter into a sublease with Buyer for the existing square footage used by the bank currently occupying the space or 1100 square feet, whichever is less, on the first floor of One Xxxxxxxxx Place, Wilmington, Delaware. Said sublease shall be for a term equivalent to Seller's lease at such facility, at a cost of $11 per square foot.
Xxxxxxxxx Lease. A financial (or capital) lease is a longer-term lease than an operating lease that is non-cancelable and obligates the lessee to make payments for the use of an asset over a predetermined. period of time. According to the International Accounting Standard (IAS-17), in a financial lease, the lessor transfer to the lessee substantially all the risks and rewards identical to the ownerships of the asset whether or not the title is eventually transferred. Based on the Method of Leasing
Xxxxxxxxx Lease. “It is a lease under which the present value of the minimum lease payments at the inception(begining) of the lease exceeds or is equal to substantially the whole of the fair value of the leased asset” (ICAI) • A financial lease is non-cancelable in nature. • The lessee is responsible for maintenance of the asset and the agreement is usually renewed on completion of the term. TYPES OF FINANCIAL LEASE
Xxxxxxxxx Lease. Snowcap and the City acknowledge that the Property is currently leased to XxxXxxxxx Ranch, LLC, a Colorado limited liability company (“XxxXxxxxx”), under that certain Somerville Ranch and Xxxxxxxx Ranch Lease dated May 1, 2020 (the “XxxXxxxxx Lease”). The XxxXxxxxx leasehold is for several larger parcels of land and the Property makes up a minor portion of the XxxXxxxxx leasehold. Snowcap and VanWinkles, by separate agreement, have agreed to Snowcap’s sublease of the Property and during the term of the XxxXxxxxx Lease, Snowcap shall be a subtenant of XxxXxxxxx, to which the City consents. A copy of Snowcap and XxxXxxxxx’x sublease is attached as Exhibit Band to the extent necessary or require this Lease shall modify the XxxXxxxxx Lease. If and when there is a termination of the XxxXxxxxx lease, this Lease shall be deemed the leasehold for the Property. Any subsequent lease(s) for City real property adjacent to the Property shall exclude the Property from the real property lease(s) and shall be subject to Snowcap’s rights and tenancy of the Property and rights of access under this Lease.
Xxxxxxxxx Lease. (gas well) XxXXXXXXX LEASE:(gas well)
Xxxxxxxxx Lease. In the context of a pending renewal of the Xxxxxxxxx Lease (described on Exhibit B hereto), the lessors have made certain proposals for lease modifications. The terms of the lease do not provide for or require these proposed modifications. EXHIBIT K --------- OIL, GAS AND MINERAL LEASES All oil, gas and mineral leases and similar agreements relating to the Reserved Minerals pursuant to which Seller receives a royalty, including specifically, without limitation, those agreements with the following described tenants: TENANT CHECK DATE COMMENT Esco Oil 1/12/99 ATICFEE332-Xxxxxx Eastern/Xxxx Xxxxxxxx Creek Field Esco Oil 2/4/99 ATICFEE332-Xxxxxx Eastern/Xxxx Xxxxxxxx Creek Field Esco Oil 4/9/99 ATICFEE332-Xxxxxx Eastern/Xxxx Xxxxxxxx Creek Field Esco Oil 6/4/99 ATICFEE332-Xxxxxx Eastern/Xxxx Xxxxxxxx Creek Field Exxon Co 12/18/98 Exxon Co 12/23/98 Exxon Co 1/25/99 Xxxxx Paper Co Gas Xxxx 00-0 XX0 Xxxxx Co 1/25/99 Xxxxx Paper Co Gas Unit 24 TR#3 Exxon Co 1/31/99 Big Escambia Creek Gas Plant Property 006-9105 Exxon Co 2/18/99 Exxon Co 2/25/99 Exxon Co 3/18/99 Big Escambia Creek Gas Plant Property 006-9105 Exxon Co 3/25/99 Xxxxx Paper Co Gas Xxxx 00-0 XX0 Xxxxx Co 3/25/99 Xxxxx Paper Co Gas Unit 24 TR#3 Exxon Co 4/20/99 Big Escambia Creek Gas Plant Property 006-9105 Exxon Co 4/23/99 Xxxxx Paper Co Gas Xxxx 00-0 XX0 TENANT CHECK DATE COMMENT Exxon Co 4/23/99 Xxxxx Paper 5/20/99 Big Escambia Creek Gas Plant Property 006-9105 Co Gas Unit 24 TR3Exxo n Co Exxon Co 5/25/99 Xxxxx Paper Co Gas Xxxx 00-0 XX0 Xxxxx Co 5/25/99 Xxxxx Paper Co Gas Unit 24-TR3 Exxon Co 6/18/99 Big Escambia Creek Gas Plant Property 006-9105 Exxon Co 6/25/99 Xxxxx Paper Co Gas Xxxx 00-0 XX0 Xxxxx Co 6/25/99 Xxxxx Paper Co Gas Xxxx 00 XX0 Xxxxxxxx 12/25/98 Longleaf 1/25/99 Xxxx-Xxxxx 22-10 #1 Longleaf 2/25/99 Longleaf 3/25/99 Xxxx-Xxxxx 22-10 #1 Longleaf 4/26/99 Xxxx-Xxxxx 22-10 #1 Longleaf 5/25/99 Xxxx-Xxxxx 22-10 #1 Longleaf 6/25/99 Xxxx-Xxxxx 22-10 #1 Xxxxxxx 3/25/99 #1 Columbus Xxxxx-Satartia Fld Longleaf 7/25/99 Xxxx-Xxxxx 22-10 #1 Exxon Co 7/21/99 Big Escambia Creek Gas Plant Property 006-9105 ACTIVE ALABAMA OIL AND GAS LEASES --------------------------------- Leasee Lease Date County, ST Net Acres ------ ---------- ---------- ---------
1. Shell Oil Co. 8/4/72 Escambia, AL 78.5 2. Xxxxxx Eastern Petroleum 5/29/90 Escambia, AL 40.0 3. Smacko, Ltd. 2/24/93 Xxxxxxxxx, AL 40.0
Xxxxxxxxx Lease
