Federal Leases definition
Examples of Federal Leases in a sentence
Ownership of Federal Leases --------------------------- Federal law prohibits, with certain limited exceptions, the holding of interests in federal oil and natural gas leases by (i) persons who are not citizens or nationals of the United States and (ii) entities that are owned or controlled by non-United States nationals.
The obligations set forth in this Section shall survive any termination or rescission of this Agreement, the Operative Documents, the Federal Leases, the Pass Through Trust Agreement, the Operating Agreement and the Unit Agreement, as the case may be.
True, correct and complete copies of the Federal Leases, the Operating Agreement, the Unit Agreement, the Release, the Waiver and Consent Agreement and the Quit Claim and Release Agreement (the "Garden Banks Documents") have been delivered to the Owner Participant.
Each of the parties hereto agrees that all matters relating to this Agreement, the other Operative Documents, the Federal Leases, the Pass Through Trust Agreement, the Placement Agreement, the Operating Agreement and the Unit Agreement and the transactions contemplated hereby shall be kept strictly confidential, including, without limitation, the substance of its commercial terms, and any disclosure of such matters shall be made only with the prior written consent of the other parties hereto.
Mines and Minerals 260 5.1(6) 260 Mines and Minerals 260I Public Mineral Lands 260I(A) Reservation and Disposal in General 260k4.5 Leases by Government 260k5.1 Federal Leases 260k5.1(6) k.
The rights of Vecta and Synergy in and to the Vecta Leases, the Synergy Leases and the State and Federal Leases as well as any leases which Synergy and Vecta may hereafter acquire and jointly own interests within the boundaries of the DJ Basin Greenhorn AMI discussed in Section 15 shall be governed by the AAPL 1989 Model Form Operating Agreement attached to the Agreement as Exhibit "G" and hereby made a part hereof.
With respect to each of the State and Federal Leases as well as the Vecta Greenhorn Project Supplemental Leases, Synergy and Vecta shall convey the interests in this leasehold to each other without any reserved or retained overriding royalty interest, and each party shall have the same net revenue interest in the leasehold following such assignments.
There is no fact of which the Guarantor has Actual Knowledge that has not been disclosed in writing to each of the Participants that materially adversely affects the ability of the Guarantor to perform its obligations under this Participation Agreement, the Federal Leases and the other Operative Documents to which it is a party.
It is understood by the parties that the assignment of the State of Louisiana Leases must be approved by the State Mineral Board, and the assignment of the Federal Leases must be approved by the Minerals Management Service, but such administrative procedures shall not delay in any manner the delivery of the Assignments by Sellers or the payment by Purchaser of the Purchase Price.
Ownership of Federal Leases Federal law prohibits, with certain limited exceptions, the holding of interests in federal oil and natural gas leases by persons who are not citizens, nationals or permanent residents of the United States or corporate entities that are not a citizen of any state.