Pooled Lands definition

Pooled Lands means the Part I Lands and the Part II Lands as described in Schedule “A” and so much thereof as from time to time remain subject to this Agreement, and includes the Pooled Substances within, upon or under those lands in the Pooled Formations only, together with the right to explore for and recover the same, to the extent that those rights are granted by the Title Documents.
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Pooled Lands means the Leased Lands or any portion of the Leased Lands and any other lands that are pooled with the Leased Lands or any portion of the Leased Lands to form a Spacing Unit in accordance with Article 11;
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Pooled Lands means the Said Lands and any other lands pooled therewith to form a spacing unit in accordance with the clause hereto entitled “Pooling”.
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Examples of Pooled Lands in a sentence

  • The Title Documents relating to the Pooled Lands are valid and subsisting documents, and that the obligations, covenants, provisions and conditions on its part under the Title Documents have been kept, observed and performed as of the Effective Date.

  • If a Title document fails in any portion of the Pooled Lands resulting in the termination of one or more of the Title Documents relating to the Part I Lands or Part II Lands, it shall not affect the relationship among the remainder of the Pooled Lands.

  • Notwithstanding anything to the contrary, such pooling shall not give rise to a cross-assignment or cross-conveyance of interests or require an assignment or conveyance of any interest in the Title Documents or the Pooled Lands.

  • Subject to the terms and conditions of this Agreement, the Parties pool their respective Pre-Pooled Interests in the Title Documents insofar as they relate to the Pooled Lands and Pooled Substances, so that from and after the Effective Date, all operations relative to exploration, development, maintenance or production of the Pooled Lands may be conducted without regard to the boundary lines of the separate Title Documents.

  • All terms, covenants, provisions and conditions of this Agreement shall run with and be binding upon the Pooled Lands during the term of this Agreement.

  • This Agreement supersedes all previous agreements, whether in writing or verbal understanding, by the Parties relating to the Pooled Lands.

  • The Parties have agreed to pool their respective interests in the Pooled Substances and Pooled Formations in the Part I Lands and the Part II Lands for the purpose of drilling and operating the Joint Well and maintaining the Pooled Lands.

  • At such time as the failed Title Document is replaced, the Pooled Lands governed by the new Title Document shall be added to the Pooled Lands by notice to the other Parties.


More Definitions of Pooled Lands

Pooled Lands means, collectively, the lands described as the Part I Lands and the Part II Lands, insofar as they include and apply to the Pooled Substances and the Pooled Formations.
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Pooled Lands means all or any portion of the said lands and such other lands as may have been pooled, which pooling shall not exceed a spacing unit, in accordance with the terms hereof or pursuant to any agreement, or any statute, regulation, order or directive of any government or any governmental agency;
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Pooled Lands means the Leased Lands or any portion of the Leased Lands and any other lands that are pooled with the Leased Lands or any portion of the Leased Lands to form a Spacing Unit in accordance with Clause 5 (Pooling and Unitization).
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Related to Pooled Lands

  • Undeveloped Land means (i) land owned in fee by the Company or any Subsidiary as of December 31, 2016 which at the time of determination has not been developed for commercial or residential purposes, (ii) land acquired by the Company or any Subsidiary subsequent to December 31, 2016 pursuant to a Code section 1031 like-kind exchange (in exchange for land described in clause (i) or (ii) of this definition) which at the time of determination has not been developed for commercial or residential purposes, or (iii) capital stock or other equity interests of a Subsidiary which owns as its principal asset, directly or indirectly, Undeveloped Land described in clause (i) or (ii) of this definition.

  • Said Land shall have the meaning ascribed to such term in Paragraph I above and which is more fully and particularly described in the First Schedule written hereunder and delineated and demarcated in Annexure – A hereto;

  • Developed Land means non-vacant land that is likely to be redeveloped during the planning period.

  • Leased Land means land which is the subject of a lease granted under section 60 or 93G; S. 3 def. of "lessee" amended by No. 39/1997 s. 4(2)(b).

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • Lands means the purchase of real property or interest in real property.

  • Tribal lands means all lands within the exterior boundaries of any Indian reservation and all dependent Indian communities.

  • Project Land means any parcel or parcels of land on which the project is developed and constructed by a promoter;

  • Subject Lands means the lands subject to or covered by the oil and gas leases described in Exhibit A, insofar and only insofar as they are located within the AMI Area and cover the Target Formation, subject to the exceptions, exclusions and reservations set forth on such Exhibit A.

  • Tract means 2 or more parcels that share a common property line and are under the same ownership.

  • Tribal Land means all lands within the exterior boundaries of any land formally designated by the federal government as a Tribal reservation or land set apart by the federal government for a Tribe’s use such as pueblos and tribal trust lands but it does not include land that the Tribe acquired legal title through non-federal designation or award, unless 1) the tribe has obtained a federal public law stating that the Tribal members who reside in a particularly named area shall be considered (without any fiscal year limitation) for the purposes of the United States Housing Act of 1937 or such other federal housing law as residing on an Indian reservation or other Indian area; or 2) the tribe has acquired the land under Public Law 99-503 that provided for the replacement of certain lands within the Gila Bend Indian Reservation, the Secretary of the Interior holds such land in trust for the benefit of the tribe, and such land is deemed to be a Federal Indian Reservation for all purposes. The Project must be wholly located in the particular area stated in the federal public law to be considered to be Tribal Land.

  • Land means the land described in Exhibit A.

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

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

  • Project Area means land or lands located within the incentive

  • adjacent land means all land that borders a property and all land that would have bordered a property, if they were not separated by a river, road, railway line, power transmission line, pipeline, or a similar feature;

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Acreage means the number of acres of land area of an Assessor's Parcel as shown on an Assessor's Parcel Map, or if the land area is not shown on an Assessor’s Parcel Map, the Board may rely on the land area shown on the applicable final map, parcel map, condominium plan, or other recorded County parcel map.