Operated Properties definition

Operated Properties as defined in Section 6.17(a).
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Operated Properties or “Properties” shall consist of the Matagorda Bay Properties, whether described under named Xxxxx or as properties within an AMI, but not yet in a unit, on attached Exhibit “A.”
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Operated Properties as defined in Section 7.17(a).
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Examples of Operated Properties in a sentence

  • Sonterra shall continue to comply with the bonding requirements of the applicable governmental agency and other governmental authorities, together with any bonding or other security requirements provided for in any Contracts, as they relate to the Operated Properties.

  • Schedule 4.1(k) sets out all Imbalances associated with the Conveyed Properties (other than the Buyer Operated Properties) as of the Effective Time.

  • Except as disclosed in this Agreement the Exhibits and operational contracts required in connection with Company Operated Properties, which contracts will be disclosed to Purchaser prior to the Closing Date, there are presently outstanding no other contracts or agreements (whether written or oral) to which Seller is a party with respect to the ownership, development or operation of the Properties and no other parties have any interest in any of the Properties, except as set forth herein.

  • As of the Effective Date, STO will begin overseeing daily operations, in the name of, on behalf of, and for the benefit of Sonterra, by providing Operating Services and Accounting Services for the Operated Properties as an independent contractor acting in the role of Contract Operator, subject to the terms, conditions, and limitations set forth in this Contract Operating Agreement (as the context indicates, individually or collectively, the “Operating Services”, “Accounting Services”, or the “Services”).

  • There are no bankruptcy, reorganization or receivership proceedings pending, or to Seller’s Knowledge, being contemplated by or threatened against any of the Company Parties, their affiliates, or the Conveyed Properties (other than with respect to interests of Buyer or third parties in the Buyer Operated Properties).

  • Seller has all approvals, permits, governmental authorizations and consents required to operate each of the Company Operated Properties as a retail service station and any other current use thereon.

  • Except for such items that are being held in suspense for which the Purchase Price is adjusted pursuant to Section 3.2(b)(viii), all Burdens with respect to the Conveyed Properties (other than the Buyer Operated Properties) have been paid, or if not paid, are being contested in good faith in the normal course of business.

  • There are not any xxxxx or other equipment located on the Subject Oil and Gas Interests (other than the Buyer Operated Properties) that (i) any Company Party is currently obligated by any Laws or contract to currently plug, dismantle and/or abandon; or (ii) to Seller’s Knowledge, has been plugged, dismantled or abandoned in a manner that does not comply in all material respects with Laws.

  • The purpose of the automatic stay is threefold: 4 MDC Reeves incurs operating expenses from third-party vendors, pays expenses, bills non-operating working interest owners for Joint Interest Billings (“JIBs”) and other expenses on MDC Reeves letterhead, collects the revenues from the MDC Operated Properties, and distributes such revenues (to the extent they have been distributed to date) with MDC Reeves checks.

  • STO shall continue to comply with the bonding requirements of the applicable governmental agency and other governmental authorities, together with any bonding or other security requirements provided for in any Contracts, as they relate to the Operated Properties.


More Definitions of Operated Properties

Operated Properties means each Ownership Interest (a) that is subject to a joint operating agreement pursuant to which any of the Target Parties is designated as an operator thereunder and (b) to the extent not described in subclause (a), with respect to which any of the Target Parties is designated as an operator under a Permit.
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Operated Properties or “Properties” shall include the Bastrop I, Bastrop II, Central Texas, and the Southern Texas Properties, whether described under named Wexxx xr as properties not yet in a unit on attached Exhibit “A”, sometimes also referred to internally at STO as the:
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Operated Properties has the meaning given that term in Section 7.3(a).
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Operated Properties has the meaning set forth in the Junior Lien Purchase and Sale Agreement.
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Operated Properties means those oil and gas properties in which the Company has an ownership interest in and was the licensed operator of as of the date of the Receivership Order;
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Related to Operated Properties

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

  • Real Properties means the real property owned by the Borrower or any of its Subsidiaries.

  • 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.

  • 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.

  • 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.

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

  • Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, whether absolute, accrued, contingent, fixed or otherwise and wherever situated), including the goodwill related thereto, operated, owned, licensed or leased by such Person, including cash, cash equivalents, Investment Assets, accounts and notes receivable, chattel paper, documents, instruments, general intangibles, real estate, equipment, inventory, goods and Intellectual Property.

  • Additional Properties means any oil and natural gas assets or related interests that are acquired by any member of the Partnership Group pursuant to an Acquisition.

  • Leased Properties have the meaning set forth in Section 3.16 herein.

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

  • Borrowing Base Properties means the Oil and Gas Properties of the Credit Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 9.14.

  • Oil and Gas Properties means (a) Hydrocarbon Interests; (b) the Properties now or hereafter pooled or unitized with Hydrocarbon Interests; (c) all presently existing or future unitization, pooling agreements and declarations of pooled units and the units created thereby (including without limitation all units created under orders, regulations and rules of any Governmental Authority) which may affect all or any portion of the Hydrocarbon Interests; (d) all operating agreements, contracts and other agreements, including production sharing contracts and agreements, which relate to any of the Hydrocarbon Interests or the production, sale, purchase, exchange or processing of Hydrocarbons from or attributable to such Hydrocarbon Interests; (e) all Hydrocarbons in and under and which may be produced and saved or attributable to the Hydrocarbon Interests, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable to the Hydrocarbon Interests; (f) all tenements, hereditaments, appurtenances and Properties in any manner appertaining, belonging, affixed or incidental to the Hydrocarbon Interests and (g) all Properties, rights, titles, interests and estates described or referred to above, including any and all Property, real or personal, now owned or hereinafter acquired and situated upon, used, held for use or useful in connection with the operating, working or development of any of such Hydrocarbon Interests or Property (excluding drilling rigs, automotive equipment, rental equipment or other personal Property which may be on such premises for the purpose of drilling a well or for other similar temporary uses) and including any and all oil xxxxx, gas xxxxx, injection xxxxx or other xxxxx, buildings, structures, fuel separators, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, tanks and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements and servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing.

  • 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.

  • Unencumbered Properties means each Acceptable Property that either (a) is an Initial Unencumbered Property or (b) becomes an Unencumbered Property pursuant to Section 4.03, and “Unencumbered Property” means any one of the Unencumbered Properties.

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

  • Oil and Gas Interests means: (a) direct and indirect interests in and rights with respect to oil, gas, mineral and related properties and assets of any kind and nature, direct or indirect, including, without limitation, working, royalty and overriding royalty interests, mineral interests, leasehold interests, production payments, operating rights, net profits interests, other non-working interests, contractual interests, non-operating interests and rights in any pooled, unitized or communitized acreage by virtue of such interest being a part thereof; (b) interests in and rights with respect to Hydrocarbons and other minerals or revenues therefrom and contracts and agreements in connection therewith and claims and rights thereto (including oil and gas leases, operating agreements, unitization, communitization and pooling agreements and orders, division orders, transfer orders, mineral deeds, royalty deeds, oil and gas sales, exchange and processing contracts and agreements and, in each case, interests thereunder), and surface interests, fee interests, reversionary interests, reservations and concessions related to any of the foregoing; (c) easements, rights-of-way, licenses, permits, leases, and other interests associated with, appurtenant to, or necessary for the operation of any of the foregoing; (d) interests in oil, gas, water, disposal and injection xxxxx, equipment and machinery (including well equipment and machinery), oil and gas production, gathering, transmission, compression, treating, processing and storage facilities (including tanks, tank batteries, pipelines and gathering systems), pumps, water plants, electric plants, gasoline and gas processing plants, refineries and other tangible or intangible, movable or immovable, real or personal property and fixtures located on, associated with, appurtenant to, or necessary for the operation of any of the foregoing; and (e) all seismic, geological, geophysical and engineering records, data, information, maps, licenses and interpretations.

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

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • 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.

  • Hotel Property means a Property on which there is located an operating hotel.

  • 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.

  • 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.

  • Material Properties means (a) those Mortgaged Properties designated on Schedule 3.12 as Material Properties and (b) each other Mortgaged Property with respect to which a Mortgage is granted pursuant to Section 5.11 after the Restatement Effective Date.

  • Leaseholds of any Person shall mean all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.