Lease Owned definition

Lease Owned means any personal property or fixture asset in which the Sellers own an interest related to the current operation of a Well or Xxxxx which was charged to the joint account of the Working Interest owners in such Well or Xxxxx, excluding items considered part of overhead; provided, however, “Lease Owned” does not include any Excluded Assets.
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Lease Owned means any personal property or fixture asset in which the Producers (as defined in the Gathering Agreement) owns an interest related to the current operation of a well or xxxxx connected to the Gathering System which was charged to the joint account of the working interest owners in such well or xxxxx.
Sample 1

Examples of Lease Owned in a sentence

  • The Authority shall endeavour to adhere to the following schedule:No.Event descriptionDate1.Name of the projectRFP for “Selection of Agency for Refurbishment and Operations of Properties on Lease Owned byDepartment of Tourism at Multiple Locations in Chhattisgarh2.Tender issued byCTB3.Mode of BiddingOnline; through E-Procurement portal https://eproc.cgstate.gov.in.

  • Of a more recent date the author would like to acknowledge the most rewarding discussions with one of the fathers of Risk Management, Kenneth G.

Related to Lease Owned

  • Leash means attaches the bird to the perch or falconer's glove.

  • Company Owned Real Property shall have the meaning set forth in Section 3.12(a).

  • Capital Lease means, with respect to any Person, any lease of any property (whether real, personal or mixed) by such Person as lessee that, in accordance with GAAP, would be required to be classified and accounted for as a capital lease on a balance sheet of such Person.

  • Owned Property has the meaning set forth in Section 4.10(a).

  • Capitalized Leases means all leases that have been or should be, in accordance with GAAP, recorded as capitalized leases.

  • Owned Aircraft Has the meaning specified in the third recital to this Trust Supplement.

  • Lease means any agreement, whether written or oral, no matter how styled or structured, pursuant to which a Loan Party is entitled to the use or occupancy of any real property for any period of time.

  • Leaseholder means a grantee or a person or other legal entity holding a valid lease or licence of occupation with the federal Crown for the use or occupation of land in Jasper National Park, and shall mean Canadian National Railway in respect of lots or land parcels held by Canadian National Railway, and shall mean Jasper National Park of Canada in respect to lots or land parcels held by the Crown;

  • Capitalized Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) of which the discounted present value of the rental obligations of such Person as lessee, in conformity with GAAP, is required to be capitalized on the balance sheet of such Person.

  • Leasehold Property means any leasehold interest of any Credit Party as lessee under any lease of real property.

  • Net Acres means, as computed separately with respect to each leasehold, (a) the number of gross acres in the lands covered by such leasehold, multiplied by (b) the undivided percentage interest in oil, gas and other minerals covered by such leasehold in such lands, multiplied by (c) Producer’s working interest or undivided interest in such leasehold.”

  • Surface owner means any person who holds record title to the surface of the land as an owner.

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Operating Lease Obligations means all obligations for the payment of rent for any real or personal property under leases or agreements to lease, other than Capitalized Lease Obligations.

  • 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).

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Capitalized Lease Obligations means, with respect to any Person, obligations of such Person and its Subsidiaries under Capitalized Leases, and, for purposes hereof, the amount of any such obligation shall be the capitalized amount thereof determined in accordance with GAAP.

  • Unconsolidated Affiliate means, with respect to any Person, any other Person in whom such Person holds an Investment, which Investment is accounted for in the financial statements of such Person on an equity basis of accounting and whose financial results would not be consolidated under GAAP with the financial results of such Person on the consolidated financial statements of such Person.

  • Capitalized Lease Obligation means an obligation under a lease that is required to be capitalized for financial reporting purposes in accordance with generally accepted accounting principles, and the amount of Indebtedness represented by such obligation shall be the capitalized amount of such obligation determined in accordance with such principles.

  • Footage means still images, video, audio and other data captured by the Flock Hardware or Customer Hardware in the course of and provided via the Flock Services.

  • Leases means any and all leases, subleases, tenancies, options, concession agreements, rental agreements, occupancy agreements, franchise agreements, access agreements and any other agreements (including all amendments, extensions, replacements, renewals, modifications and/or guarantees thereof), whether or not of record and whether now in existence or hereafter entered into, affecting the use or occupancy of all or any portion of any Real Property.

  • Leased Real Estate means all leasehold or subleasehold estates and other rights to use or occupy any land, buildings, structures, improvements, fixtures, or other interest in real property held by the Company or any of its Subsidiaries.

  • Undeveloped Land means (i) all undeveloped land existing on or acquired after the Issue Date and (ii) any operating property of the Company or any Subsidiary that is subject to a casualty event that results in such property ceasing to be operational.

  • Sale and Lease-Back Transaction means any arrangement providing for the leasing by the Company or any of its Restricted Subsidiaries of any real or tangible personal property, which property has been or is to be sold or transferred by the Company or such Restricted Subsidiary to a third Person in contemplation of such leasing.

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

  • 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.