Operating Rights definition

Operating Rights shall have the meaning given such term in Section 5.3.

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Operating Rights means sufficient space and legal rights for the construction, operation, repair, and maintenance of the Underground Distribution System.

Operating Rights with respect to an OCS Lease, a leasehold interest that is classified by the MMS as an “operating rights” interest under its rules and regulations and entitles the holder to conduct drilling and related operations, but the holder of which does not have a contractual relationship with the MMS, and cannot relinquish or terminate the OCS Lease.

Examples of Operating Rights in a sentence

• This Assignment of Operating Rights ("Assignment") is made by AMERICAN RESOURCES OFFSHORE, INC., a Delaware corporation, whose address is 801 Travis Street, Suite 21▇▇, ▇▇▇▇▇▇▇, Texas 77002 (hereinafter referred to as "Assignor") in favor of NEWFIELD EXPLORATION COMPANY, a Delaware corporation, whose address is 363 N.

• Create, incur, grant, assume or suffer to exist any Lien on, nor sell, transfer or otherwise dispose of, any present or future Operating Rights of any Company, including but not limited to franchises, certificates, authorizations, permits and licenses.

• If the Tribe enters into a Transfer Agreement to transfer some or all of its Gaming Device Operating Rights the Tribe shall also execute a Forbearance Agreement with the State.

• Tenant shall exercise its Operating Rights and Authority in a commercially reasonable manner consistent with the Facility Standard of Care.

• The procedures to be examined and reported upon are whether payments made under the Transfer Agreement were made in the proper amount, made at the proper time, and deposited in an account of the Indian tribe transferring Gaming Device Operating Rights.

More Definitions of Operating Rights

Operating Rights means the operating rights, franchises, certificates, authorizations, permits and licenses of Borrower and the other Companies.

Operating Rights means all rights and obligations conferred and imposed on the Terminal Operator in terms of and pursuant to this Agreement in respect of and for the purposes of carrying out the Project;

Operating Rights means all of the rights, obligations, liabilities and attributes of a working interest ownership covering less than all depths, and potentially less than the entire surface area, in and on a Lease.

Operating Rights means a Working Interest in a federal lease that (a) has a beginning and ending depth and (b) does not include the contractual right to unitize, relinquish or terminate the federal lease.

Operating Rights has the meaning specified in Section 6.15.

Operating Rights means the interest created out of the record title ownership of a Lease authorizing the holder of that right to enter upon the lands covered by the Lease to conduct drilling and related operations, including production of oil or gas from such lands, in accordance with the terms of the Lease, and the obligation to bear the expense and cost associated with such operations.

Operating Rights means the exclusive right, subject to the grant or reservation of Participation Rights under this Agreement or in the Assignment of Operating Rights, to explore for, mine, extract, produce, capture and market Leased Substances, or any derivative or product thereof, under or within the scope of terms of the Leases, or any of them, subject to and within the Specified Depths. The term “Operating Rights” shall not include the primary obligation of the owner(s) of the Record Title in and to the Leases with respect to the payment of royalty and the right to assign or dispose of any interest under the Leases.