Excluded Lands definition

Excluded Lands shall have the meaning set forth in Section 12. --------------
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Excluded Lands means the following Petroleum and Natural Gas Rights, lands, tangibles, and associated interests of CamWest and its Affiliates to the extent such property rights are not acquired as the result of SFD Data, SFD Information, and SFD Anomalies (the "Excluded Lands"):
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Excluded Lands means those Petroleum and Natural Gas Rights and ---------------- lands in which Encal has an interest or a right to acquire an interest including any such Petroleum and Natural Gas Rights or lands which have been posted (or a posting request has been submitted) at Crown land sales and for which Encal or Encal and any Third Parties are jointly in the process of evaluating with a view to making a bid, to the extent that such interest or right to an interest is in no way acquired by Encal or any Third Party acting jointly with Encal, as a result of any SFD Survey, SFD Anomaly, SFD Data or SFD Information hereunder and includes those Petroleum and Natural Gas Rights and lands defined in clause 22 hereunder;
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Examples of Excluded Lands in a sentence

  • Notwithstanding anything contained in this Agreement -------------- to the contrary, Excluded Lands are specifically excluded from the terms of this Agreement.

  • Anything to the contrary contained in this Agreement notwithstanding, in the event that BOG designates Excluded Lands and pays for the costs described in Section 3.3 above, BOG shall own one hundred percent of the ownership interest in the Program Data covering such Excluded Lands.

  • The Parties also recognize and agree that in the event that Excluded Lands are designated for a Project Area covering part, but not all of the Project Area, the payment provided for in this Section 3.3 shall not include any part of the Mobilization Fee related to the applicable Project Area as BOG shall still be required to pay such mobilization fee for the Project Area in accordance with the terms and provisions of Sections 3.1 above and Sections 3.4 and 3.5 below.

  • In the event the oil and gas rights in the Wamsutter Excluded Lands, limited to the Pooled Interval, become unencumbered during the term of this Agreement, such interests shall become Anadarko Current Leasehold at no additional cost to Xxxxxx.

  • Anything to the contrary contained herein notwithstanding, the Parties recognize and agree that if Excluded Lands are designated hereunder such Excluded Lands shall not be counted as part of BOG's commitment to utilize the Veritas Seismic Crew to conduct five hundred square miles of 3-D Operations as set forth in Section 2.2 above and thus the five hundred square mile commitment shall not be reduced by the number of square miles which are included within Excluded Lands.

  • At any time during the period beginning on the date a fully processed data set covering the Contract Area and the 3-D Survey License Area is delivered to each and every party hereto and ending with the termination of this Agreement, the FRONTIER GROUP shall have the right and option ("Option"), but not the obligation, to obtain from FINA a lease covering all or part of the FINA Fee Lands (excluding any Initially Excluded Lands).

  • As used herein “Minimum Water Amount” shall be 30 million gallons per day (“MGD”) of surface water for use by Buyer (exclusive of any water EMI is obligated to deliver to any third parties or to the Excluded Lands).

  • In the event that BOG designates Excluded Lands covering all or part of a Project Area, BOG shall pay one hundred five percent of the Turnkey Charge and one hundred percent of the other Seismic Acquisition Costs related to such Excluded Lands within thirty days of BOG's receipt of an invoice correctly indicating the costs which have been incurred.

  • As such, the Contract Mileage utilized for purposes of calculating the Final Payout Amount is equal to the number of square miles that have been covered by 3-D Operations conducted hereunder, less and except the number of square miles that are covered by the Excluded Lands.

  • Lands included in the Contract Area which, as of the date of this Agreement, are subject to Existing Agreements, insofar as to the formations covered by such Existing Agreements, shall not be Subject Lands and shall be excluded from the provisions of the Agreement ("Excluded Lands").


More Definitions of Excluded Lands

Excluded Lands means the lands legally described in Schedule “K”.
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Excluded Lands means certain zones and formations from the top of the Doig to the base of the Montney formations within the lands from Township 063, Range 20, W5M north up to and including Township 089, Range 13, W6M and any lands pooled or unitized therewith, together with any Petroleum Substances within, upon or under to such lands, as more particularly identified on Schedule "J" to the Asset Purchase and Sale Agreement;
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Excluded Lands means that real property listed on Schedule C;
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Excluded Lands means the Petroleum Substances within, under or upon the lands described in the Excluded Land Schedule, subject to the restrictions and exclusions set forth therein as to Petroleum Substances and geological formations, and any other interests in oil and gas properties legally or beneficially owned by the Limited Partnership;
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Related to Excluded Lands

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Developed Land means non-vacant land that is likely to be redeveloped during the planning period.

  • Undeveloped Land means (i) land owned in fee by the Company or any Subsidiary as of December 31, 2016 which at the time of determination has not been developed for commercial or residential purposes, (ii) land acquired by the Company or any Subsidiary subsequent to December 31, 2016 pursuant to a Code section 1031 like-kind exchange (in exchange for land described in clause (i) or (ii) of this definition) which at the time of determination has not been developed for commercial or residential purposes, or (iii) capital stock or other equity interests of a Subsidiary which owns as its principal asset, directly or indirectly, Undeveloped Land described in clause (i) or (ii) of this definition.

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • Excluded Personal Property has the meaning set forth in Section 2.2(c).

  • Excluded IP has the meaning assigned to such term in the U.S. Security Agreement.

  • Said Land shall have the meaning ascribed to such term in Recital XV of this Deed and which is more fully and particularly described in the Second Schedule written hereunder and delineated and demarcated in Annexure – B hereto;

  • Excluded Liabilities has the meaning set forth in Section 2.4.

  • Excluded License means an open source or other software license that requires, as a condition of license, use, modification, distribution or conveyance, that (a) the code be disclosed or distributed in source code form; (b) others have the right to modify or create derivative works of it; and/or (c) the code becomes redistributable at no charge.

  • mining area means all those pieces of land containing two hundred and forty‑six (246) square miles or thereabouts situate in what is known to the parties as the “Xxx Xxxxx‑Siberia Nickel Laterite Area” the subject of the mineral claims applications for mineral claims and Temporary Reserves listed in the First Schedule hereto which are generally delineated and respectively coloured green and orange and red in the plan marked “X” signed by or on behalf of the parties for the purpose of identification;

  • Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Leased Land means land which is the subject of a lease granted under section 60 or 93G; S. 3 def. of "lessee" amended by No. 39/1997 s. 4(2)(b).

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • Transferred Real Property shall have the meaning set forth in Section 1.2(a)(vii).

  • mining areas means the areas delineated and coloured red on the Plan marked “A” initialled by or on behalf of the parties hereto for the purposes of identification;

  • Excluded Equipment means, at any date, any equipment or other assets of the Borrower or any Guarantor which is subject to, or secured by, a Capitalized Lease Obligation or a purchase money obligation if and to the extent that (i) a restriction in favor of a Person who is not Holdings or any Restricted Subsidiary of Holdings contained in the agreements or documents granting or governing such Capitalized Lease Obligation or purchase money obligation prohibits, or requires any consent or establishes any other conditions for or would result in the termination of such agreement or document because of an assignment thereof, or a grant of a security interest therein, by the Borrower or any Guarantor and (ii) such restriction relates only to the asset or assets acquired by the Borrower or any Guarantor with the proceeds of such Capitalized Lease Obligation or purchase money obligation and attachments thereto, improvements thereof or substitutions therefor; provided that all proceeds paid or payable to any of the Borrower or any Guarantor from any sale, transfer or assignment or other voluntary or involuntary disposition of such assets and all rights to receive such proceeds shall be included in the Collateral to the extent not otherwise required to be paid to the holder of any Capitalized Lease Obligations or purchase money obligations secured by such assets.

  • Excluded Asset means any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.