Joint Properties definition

Joint Properties means the properties in which Xxxxxxx Parent and its Affiliates (other than, for the avoidance of doubt, the Partnership Group Companies), on the one hand, and any of the Partnership Group Companies, on the other hand, jointly own working interests.
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Joint Properties has the meaning set forth in the GP LLC Agreement.
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Joint Properties has the meaning set forth in the Operating Agreement.
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Examples of Joint Properties in a sentence

  • In the event there exists any conflict between the terms of this Accounting Procedure or any Accounting Procedure that applies to the Joint Properties and the Conveyance to which it is attached, the Conveyance will control.

  • This Accounting Procedure will apply to Joint Properties where Cross Timbers Oil Company is the Operator and the Operator owns all or a portion of the leasehold interest in the Joint Properties.

  • In the event there is an existing Accounting Procedure or related instrument governing the operations of the Joint Properties, this Accounting Procedure will control except as to the overhead rate stated in the existing Accounting Procedure or related instrument.

  • Notwithstanding the failure of the Participants to approve any budget, each Participant shall advance to the Joint Account its proportionate share of such funds as the Manager shall by written notice advise the Participants are required for protecting and maintaining the Joint Properties and meeting the obligations properly incurred for the Joint Account.

  • UnSub shall have the tag-along rights on sales of Joint Properties by SN Parent, SN or any of their Affiliates as set forth in Exhibit C attached hereto.

  • Hecla owns or controls certain lands in Ferry County, State of Washington, as described in Exhibit A Part 1 and defined as "Hecla's Properties" in Section 1.8. Hecla also owns and controls certain lands as described in Exhibit A Part 2 and defined as the "Joint Properties" in Section 1.9. Hecla desires to contribute Hecla's Properties to the purposes of this Earn-in Agreement.

  • Special inventories may be taken, at the expenses of the purchaser, whenever there is any sale or change of interest in the Joint Properties; and it shall be the duty of the Party selling to notify all other Parties hereto as quickly as possible after the transfer of interest takes place.

  • Each of the BBEP Group and the BEC Group agree to discuss the pursuit of a joint bid for the Joint Business Opportunity on the basis of their existing ownership interests, including their respective operating control, in the Joint Properties (in the case of the Joint Properties owned as of the Effective Date, as set forth in Annex A).

  • Pursuant to the Earn-in Agreement dated September 6, 1996, Santa Fe has obtained a 75% undivided interest in the Joint Properties.

  • The disposition of major items of surplus equipment and Material, such as derricks, tanks, engines, pumping units and tubular goods shall be subject to determination by the Operating Committee, provided the Operator shall have the right to dispose of normal accumulations of junk and scrap material either by transfer or sale for the Joint Properties, subject to relevant provisions of the Agreement.


More Definitions of Joint Properties

Joint Properties means any oil and gas properties that are jointly owned by the BEC Group and the BBEP Group. Annex A sets forth all Joint Properties owned as of the Effective Date and the ownership interest of each of the BEC Group and the BBEP Group in such Joint Properties.
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Joint Properties means those properties described in Exhibit A Part 2, in which Santa Fe shall immediately acquire an undivided 75% interest from Hecla upon payment of $2,500,000 to Hecla hereunder.
Sample 1
Joint Properties means the Properties defined as "Joint Properties" under the Earn-in Agreement and described in Part 1 of Exhibit A hereto which are to be jointly contributed by the Participants on the Effective Date hereof.
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Related to Joint Properties

  • Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.

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

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties (including the Borrowing Base Properties) owned or leased by the Consolidated Parties at such time.

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • 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.

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II, hereof.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Other Properties shall have the meaning set forth in Section 9.1.

  • Leased Properties has the meaning set forth in Section 3.1(n)(ii).

  • Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Owned Properties has the meaning set forth in Section 3.16.

  • 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.

  • Project Assets means all physical and other assets relating to and forming part of the Site including:

  • 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.

  • Project Area means THE AREA WHERE WORK IS BEING PERFORMED FOR THE CITY OF SUFFOLK, VIRGINIA.

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Company Properties shall have the meaning set forth in Section 4.15.1.

  • 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.