Lease Operations definition

Lease Operations means all necessary or useful lease and land administration services and maintaining all land, lease and other related records (including title to the Owner’s Assets and the maintenance and curing of the same) and all technical, regulatory, permitting and marketing supervision and oversight determined by the Manager to be necessary or appropriate to assure that the Owner’s Assets are being explored, developed, produced, gathered and operated in accordance with this Agreement, including the Exhibits hereto, and applicable contracts and agreements.

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Lease Operations means the management and provision of the Superior Landlord’s FM services and the performance of all other obligations on the Superior Landlord under the Head Lease and any management agreement in place from time to time.

Lease Operations means any operations conducted by or on behalf of Lessee which are related in any way to this Lease including, without limitation, its operations under any related exploratory licences, surface lease or right of way agreements, or other related agreements; Lease Rights means the Oil and Gas rights specified in Appendix “A”; Option Well is a well Lessee has the right but not the obligation to drill; Rig Release means the release of the drilling rig from the applicable wellsite; Royalty is the royalty described in Appendix “B” to be computed, levied and collected on production obtained from or attributable to the Lease Lands; Seismic Program if any, is described in the Term Sheet; Term is defined in clause 3.00 of the General Terms; Term Sheet means the document entitled “Lease Term Sheet” to which this Appendix “C” is attached; Test Well if specified in the Term Sheet as part of the Drilling Program, is a well Lessee is required to drill.

Examples of Lease Operations in a sentence

• From time to time, but not more than once in any three month period, Guarantor may request from Lessor, in writing, directed to the Lessor’s address stated above, Attention: Lease Operations, and Lessor will promptly provide to Guarantor, a list of all Rental Payments under the Lease which have come due and remain outstanding.

• The Manager shall perform all Lease Operations in accordance with the Standards set forth in Section 2.3. The Manager shall manage the progress, evaluation and implementation of all projects (including multi-well drilling, workover and recompletion projects and secondary/tertiary recovery projects) being carried out in connection with the performance of Lease Operations.

• The Manager shall provide the oversight to assure that the operator of the Owner’s Assets acquires all permits, consents, approvals, surface or other rights that may be required for or in connection with the conduct of the Lease Operations.

• The Manager shall provide the oversight to assure that the operator of the Owner’s Assets arranges for the purchase, transportation and storage of all hydrocarbons and all supplies, materials and equipment needed in order to perform the Lease Operations.

• The Manager shall provide the oversight to assure that the operator of the Owner’s Assets performs the technical, geological, petroleum engineering and related evaluations that are necessary or appropriate under the Standards set forth in Section 2.3 to perform the Lease Operations and to evaluate proposed acquisitions of oil and gas properties by the Owner.

• The Company has no authorized or outstanding bonds, debentures, notes, or other indebtedness the holders of which have the right to vote (or convertible or exchangeable into or exercisable for securities having the right to vote) with the stockholders of the Company or any of its subsidiaries on any matter.

• The Manager shall perform all Lease Operations in accordance with the standards set forth in Section 2.4. The Manager shall manage the progress, evaluation and implementation of all projects (including multi-well drilling, workover and recompletion projects and secondary/tertiary recovery projects) being carried out in connection with the performance of Lease Operations.

• The Manager shall provide the oversight to assure that the operator of Owner’s Assets acquires all permits, consents, approvals, surface or other rights that may be required for or in connection with the conduct of the Lease Operations.

• The Manager shall provide the oversight to assure that the operator of Owner’s Assets performs the technical, geological, petroleum engineering and related evaluations that are necessary or appropriate under the standards set forth in Section 2.4 to perform the Lease Operations and to evaluate proposed acquisitions of oil and gas properties by Owner.

• Prior to entering into any Lease or any modification thereof, Borrower or Leasehold Pledgor shall cause Owner or Operating Lessee to obtain or cause the tenant to obtain all licenses, permits, approvals and consents required as a condition to such Lease and/or to tenant’s operation thereunder, including without limitation any and all consents and approvals required under any applicable Franchise Agreement, Ground Lease, Operations Agreement and/or License.

More Definitions of Lease Operations

Lease Operations means the carrying out of the Works the management and provision of the Services and the performance of all other obligations of FundCo under the Headlease;