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

  • 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).

  • As of the Execution Date, neither Company Party has received any written notice of any pending or threatened taking and there is no actual taking (whether permanent, temporary, whole or partial) of any portion of the Conveyed Properties (other than the Buyer Operated Properties) by reason of condemnation or the threat of condemnation.

  • The Officer shall fill out a Wrap-Up Report on the completion of any program and submit it to the RHA Secretary within two weeks of the program.

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

  • Funding from an existing USAA Investment Management Company Account(if applicable) Signatures are required from all applicable account owners.

  • Accordingly, MDC Reeves is the party that holds claims against Luxe for JIBs related to the MDC Operated Properties, and MDC Reeves is obligated to Luxe for unpaid revenues related to the MDC Operated Properties.

  • 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.

  • As of December 31, 2015, the Operated Properties were producing from approximately 233 wells and approximately 300 future drilling locations were planned.

  • The Sale Lots include (a) Operated Properties – Vertical Wells, (b) Operated Properties – Horizontal Wells, (c) Greater Scoop Non-Operated Properties, (d) Greater Stack Non- Operated Properties, and (e) Royalty and Overriding Royalty Interests.

  • There are not any wells 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.


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 has the meaning set forth in the Junior Lien Purchase and Sale Agreement.
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Operated Properties has the meaning given that term in Section 7.3(a).
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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 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, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • 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 or leased by such Person, including without limitation cash, cash equivalents, Investment Assets, accounts and notes receivable, chattel paper, documents, instruments, general intangibles, real estate, equipment, inventory, goods and Intellectual Property.

  • 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 Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.

  • 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 for any hotel means the Real Property and the Personal Property for such 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 any estates or interests in real property now owned or hereafter acquired by any Grantor and the improvements thereto.

  • Material Properties means the material mineral properties and projects of the Corporation and Subsidiaries, more particularly set out in Schedule “B” hereto (which schedule is incorporated into and forms part of this Agreement), including, without limitation, the material mineral properties known as the Twangiza, Lugushwa, Namoya and Kamituga deposits, and each a “Material Property”;

  • Leaseholds of any Person means 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.

  • Historic property means any prehistoric or historic site, district, building, object, or other real or personal property of historical, architectural, or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts, or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government, and culture of Florida.