P&NG Leases definition

P&NG Leases means, collectively, any and all documents of title including leases, reservations, permits, licences, unit agreements, assignments, trust declarations, participation, exploration, farm-out, farm-in, royalty, purchase or other agreements by virtue of which the Borrower or any Subsidiary thereof is entitled to explore for, drill for, recover, take or produce Petroleum Substances of any kind whatsoever from or with respect to P&NG Rights owned by the Borrower or any Subsidiary thereof (as applicable), or to share in the production or proceeds of production or any part thereof or proceeds of royalty, production, profits or other interests out of, referable to or payable in respect of Petroleum Substances of any kind whatsoever from or with respect to P&NG Rights owned by the Borrower or any Subsidiary thereof (as applicable), and the rights of the Borrower or a Subsidiary thereof (as applicable) thereunder.

P&NG Leases means, collectively, any and all documents of title including, without limitation, leases, reservations, permits, licenses, unit agreements, assignments, trust declarations, participation, exploration, farm-out, farm-in, royalty, purchase or other agreements by virtue of which the Borrower or any Subsidiary is entitled to explore for, drill for, recover, take or produce Petroleum Substances of any kind whatsoever from or with respect to P&NG Rights owned by Trident - Unsecured Credit Agreement the Borrower or any Subsidiary (as applicable), or to share in the production or proceeds of production or any part thereof or proceeds of royalty, production, profits or other interests out of, referable to or payable in respect of Petroleum Substances of any kind whatsoever from or with respect to P&NG Rights owned by the Borrower or such Subsidiary (as applicable), and the rights of the Borrower or any Subsidiary (as applicable) thereunder.

P&NG Leases means, collectively, any and all documents of title including leases, reservations, permits, licences, unit agreements, assignments, trust declarations, participation, exploration, farm-out, farm-in, royalty, purchase or other agreements by virtue of which the Borrower or any other Obligor is entitled to explore for, drill for, recover, take or produce Petroleum Substances of any kind whatsoever from or with respect to P&NG Rights owned by the Borrower or any other Obligor, or to share in the production or proceeds of production or any part thereof or proceeds of royalty, production, profits or other interests out of, referable to or payable in respect of Petroleum Substances of any kind whatsoever from or with respect to P&NG Rights owned by the Borrower or any other Obligor, and the rights of the Borrower or any other Obligor thereunder.

Examples of P&NG Leases in a sentence

• Moravia’s changes in the following years are the result of growing local government investments in the physical and social infrastructure of peripheral areas, a planning philosophy that is known as ‘social urbanism’.

• All rents, royalties and other payments due and payable under each of the P&NG Leases and any contracts and other instruments constituting a part of the Collateral have been duly paid.

• At the request of the Lender from time to time, provide to the Lender certified copies of all Material Contracts and Material Licences and all P&NG Leases.

• Perform or cause to be performed all obligations under all leases relating to its Property (including without limitation the P&NG Leases and Production Facilities), including payment of rentals, royalties, taxes or other charges in respect thereof which are necessary to maintain all such leases in good standing in all material respects, provided that this covenant will not restrict their right to surrender leases which are uneconomic to maintain with prior written notice of such surrender to the Lender.

• No agreement, whether written or oral, exists pursuant to which any Person has a call upon, option to purchase or similar right with respect to future production from or allocable to the P&NG Leases other than pursuant to Approved Marketing Contracts.

• Union has subleased its rights under the P&NG Leases that cover the proposed Designated Storage Area for the Jacob Pool to Liberty Oil and Gas Ltd.

• Recovery could have been declared, and delisting finalized, once populations stabilized in Northern Minnesota and on Isle Royale.

• See Item 4 “Results of Operations – Bakken PN&G Leases, SE Saskatchewan and SW Manitoba”.

• CONCLUSIONThis 2017 SFRA review has assessed the latest and most up-to-date information of the risk of flooding to the City of London from all sources.

• Decision Justice Jo’Anne Strekaf concluded that Jensen’s GOR applies to the sections 1 and 4 OSL and to the section 32 OSL on the basis that the OSLs were issued in place of the PNG Leases with respect to the Mannville zone for those sections.