Committed Leases definition

Committed Leases means leases in respect of which definitive agreements have been entered into between the lessor and lessee (including legally binding letters of offer which have been accepted for vacant units).
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Committed Leases means those Outer Continental Shelf (OCS) or State Waters leases set forth on Exhibit "A" hereto. The estimated proven recoverable reserves from the Committed Lease(s) attributable to Shipper's and/or its affiliates' interest or aggregated with other ▇▇▇▇▇▇▇'s interests in such lease(s) which are committed to Sea ▇▇▇▇▇ pursuant to this Reserve Commitment Agreement shall meet the eligibility requirements set forth in Rate Schedule FTS-2 of Sea ▇▇▇▇▇'s FERC Gas Tariff. Shipper shall provide to Sea ▇▇▇▇▇ supporting documentation for the reserves estimate, technical support data, and production development plans, including facilities design capacity, subject to a mutually agreeable confidentiality agreement to confirm ▇▇▇▇▇▇▇'s estimated proven recoverable reserves and to demonstrate ▇▇▇▇▇▇▇'s authority to dedicate the Committed Lease(s) under the terms of this Agreement.
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Committed Leases means, in respect of the relevant Properties as at 31 December 2010, the following: (i) tenancy agreements, (ii) letters of offers which have been signed, and letters of offers pending execution by the tenants but in respect of which tenants have commenced operations on the relevant Properties and paid rent pursuant to the terms thereof, all such letters of offer to be followed up with tenancy agreements and (iii) security deposit letters counter-signed by the tenants and with security deposits paid by the tenants, all security deposit letters to be followed up with tenancy agreements and, each a “Committed Lease”.
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Examples of Committed Leases in a sentence

  • For purposes of this Agreement, "Shipper's Gas" shall mean all Gas produced by or for the account of Shipper, or any affiliate of Shipper, from the Committed Lease(s).

  • For purposes of this Agreement, "Committed Lease(s)" shall mean those OCS leases set forth on Exhibit A hereto.

  • A delivery period shall not be less than three (3) Months, hereinafter "Delivery Period(s)." The MDQ for each Delivery Period shall not be less than 1,000 Dth/d and shall be supported by a life of reserves production profile for the Committed Lease(s), as more thoroughly described in Sea ▇▇▇▇▇'s Rate Schedule FTS-2.

  • Shipper shall also be entitled to unitize any Committed Lease(s) with one or more additional OCS leases without the consent of Sea ▇▇▇▇▇.

  • Sea ▇▇▇▇▇ shall have no obligation to accept any gas for transportation under this Service Agreement other than the gas dedicated to Sea ▇▇▇▇▇'s Pipeline System under a Reserve Commitment Agreement and produced from working interests of Shipper or its affiliates in the Committed Lease(s) or which Shipper has the right to market under a joint operating or similar agreement.

  • All of the provisions of this Agreement shall be applicable to assignees of ▇▇▇▇▇▇▇'s interests in the Committed Lease(s), and such assignees shall receive a proportionate assignment of the rights and obligations hereunder with respect to the Committed Lease(s) so assigned.

  • Company does not guarantee sufficient capacity to transport all of Shipper's production from Committed Lease(s).

  • The total proven recoverable reserves from the Committed Leases shown on Exhibit B shall be more than 40 Bcf, unless the Committed Leases were connected to Sea ▇▇▇▇▇'s Pipeline System on or before August 1, 1997.

  • This Agreement shall be effective ______________________, 20_____, and shall remain in force and effect for the economic life of the Committed Lease(s) unless terminated sooner pursuant to other applicable provisions of this Agreement.

  • All of the provisions of this Agreement shall be applicable to assignees of Shipper's interests in the Committed Lease(s), and such assignees shall receive a proportionate assignment of the rights and obligations hereunder with respect to the Committed Lease(s) so assigned.


More Definitions of Committed Leases

Committed Leases means all leases in respect of the Properties covered by executed lease agreements or for which lease offer letters have been signed by the relevant lessor and lessee.
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Committed Leases means those OCS or State Waters leases set forth on Exhibit "A" hereto.
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Related to Committed Leases

  • Permitted Lease means a lease permitted under Section 4.02(b) of the Trust Indenture.

  • Assigned Leases has the meaning specified in Section 2.01(b).

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • Approved Lease has the meaning set forth in Section 6.11(a).