New Lands definition

New Lands means those lands protruding above the line of ordinary high water, whether or not connected with the adjoining or opposite upland or riparian lands on the same side of the body of water, which have been created upon submersible or submerged lands by artificial fill or de- posit. “New lands” does not include bridges, wharves and similar structures constructed upon submersible or submerged lands by other than artificial fill or deposit.

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New Lands means joint lands acquired pursuant to this Agreement excepting those lands acquired pursuant to Clauses 12(b) and 13(b);

New Lands means each parcel or tract of land within the AMI excluding Petroleum & Natural Gas License nos. 5494040101, 5401070160, 5401070162, 540107163, 5401090094 and 5401100080.

Examples of New Lands in a sentence

• New Lands – Lands located within the covered area that a Partner enrolls in the Agreement by modifying its Certificate of Inclusion through written notification to the Programmatic Administrator.

• Total debt consists of the sum of the balance sheet lines titled payable to original shareholders, loans payable to New Land's previous shareholders, loans from employees, loans payable, and convertible debt.

• The decrease in net debt as a percent of total capital was primarily due to the issuance of convertible debt and warrants in January 2008 and payments on loans payable to New Land's previous shareholders in January 2008.

• If the Parties do not agree on the terms of a joint bid with respect to the New Lands, any Party may submit an independent bid with respect thereto, subject to Section 6.1(c).

• If New Lands are acquired by more than one Party without being subject to an agreement which provides for the Joint Operation of those New Lands, the acquiring Parties shall be bound by the Operating Procedure for the maintenance and operation of those New Lands.

• If unanimous agreement is reached by the Parties for joint acquisition of those New Lands, the Operator (or the agreed upon Party) shall submit that bid on behalf of all Parties.

• A non-acquiring Party shall have the right for a period of fifteen (15) days from receipt of such notification to elect in writing to acquire its working interest in such New Lands by paying to the acquiring Party within the said fifteen (15) day period its working interest share, as set out in Clause 6 c) hereof, of such acquisition costs.

• Failure by a Party to limit participation in the acquisition of New Lands in its notice to the acquiring Party shall be deemed to be an election to participate to the extent of the percentage interest of that Party’s Working Interest increased by its proportionate share of any unassumed percentage of participation in that acquisition.

• The acquiring Party will deliver written notice to the other Parties describing the material provisions of the acquisition of those New Lands or rights within 5 days of that acquisition.

• Eternal and American Eagle agree that this Agreement and the Operating Procedure shall apply to the Joint Lands, the Option Lands and any New Lands acquired by either Eternal or American Eagle hereunder and that, from and after the Effective Date, the JOA shall have no further application to the Parties and shall be terminated and superceded in its entirety by this Agreement and the Operating Procedure.

More Definitions of New Lands

New Lands means those lands and premises, if any, which BMAHC and New Commons agree to acquire or lease for the purpose of carrying out the Project.

New Lands means any interest in Petroleum Substances acquired, or available to be acquired, where the surface area of that interest is contained in the AMI Lands and which becomes available for acquisition either: (i) under the Regulations, including by presentation of a bid at a Crown sale; or (ii) by agreement with any third party by purchase and otherwise; and which interest may include, without limitation, any arms’ length encumbrance such as a production payment or a net profits interest or a royalty. A Party will be deemed to have acquired any New Lands acquired by an Affiliate of that Party, or a Party’s successors and assigns, and the obligations under this Agreement will not apply to: (iii) interests acquired by a Party or an Affiliate pursuant to a corporate reorganization of that Party, the amalgamation with a third party of the acquisition of a third party; and (iv) legal or beneficial interests acquired by a Party or an Affiliate of that Party prior to the Effective Date, including any documents of title issued in direct substitution for the documents of title under which those interests had been held prior to the Effective Date;