Lease Owned definition

Lease Owned means any personal property or fixture asset in which the Seller owns an interest related to the operation of a Well or ▇▇▇▇▇ which was charged to the joint account of the working interest owners in such Well or ▇▇▇▇▇, excluding items considered part of overhead; provided, however that “Lease Owned” does not include any “Excluded Assets”.
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Examples of Lease Owned in a sentence

  • Acreage Affecting Parcels Lease Owned by Grant, (legal descriptions (as Bargain, Sale Deed follow) numbered on Pro Forma) (recording (Lease #) information: book/number) -------------------------------------------------------------------------------------------------------------- ▇▇▇▇▇▇▇ ▇▇▇, Trustee, 3.47 Parcel V 21 (Lease B-1) 949/908111 under Trust Agreement (Memorandum of Lease dated December 30, 1977 AND Doc.

Related to Lease Owned

  • Leash means a leash, cord, chain, or other comparable material which must be of a gauge suitable for controlling said dog and shall not be longer than six feet.

  • Company Owned Real Property shall have the meaning set forth in Section 3.15(a).

  • Capital Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee that, in conformity with GAAP, is or should be accounted for as a capital lease on the balance sheet of that 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.