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

  • As of the Effective Date, and except as may otherwise be provided herein, the Operating Procedure as amended by this Agreement: governs the relationship of the Parties as to their respective Pooled Interests; and applies to all Operations conducted on the Pooled Lands and the production of Pooled Substances therefrom.

  • The provisions of the preceding Clause shall apply, mutatis mutandis, to the Parties’ Operations, activities and obligations with respect to the Pooled Lands relative to the Reserved Formations.

  • Notwithstanding the provisions of Article 9.00 and Article 10.00 of the Operating Procedure, under no circumstance may a Party Complete a well in one or more formations included in the Pooled Lands and also in any other formation or for any substance not included in the Pooled Lands or Pooled Substances without the consent of the other Parties, which consent may be refused by a Party for any reason.

  • Upon termination of this Agreement with respect to the Pooled Lands in accordance with Clause 9.1 or Clause 9.2 of this Head Agreement or Clause 1.14 of the Operating Procedure, and, insofar as the Title Documents remain in effect for the Pooled Lands at that time, the applicable Parties shall thereupon hold the applicable former Pooled Lands in the proportions of their respective Pre-Pooled Interests under any relevant agreement that consequently applies between them for those rights.

  • Each Party hereby pools its respective Pre-Pooled Interest in and to the Title Documents, the Pooled Lands and the Pooled Substances only to the extent necessary for the production of Pooled Substances from the Pooled Lands, so that, as of the Effective Date, all Operations on the Pooled Lands may be conducted without regard to the boundary lines of the separate Title Documents comprising the Pooled Lands.

  • RIGHT OF FIRST REFUSAL (IF UNDERLYING AGREEMENT CONTAINS A ROFR) [Parties in underlying agreement with ROFR] agree that, notwithstanding any provision to the contrary in this Agreement, the right of first refusal in the [description of underlying agreement, including name, date, and parties] continues to apply with respect to the Pre-Pooled Interests in the applicable lands those Parties have contributed to the Pooled Lands under this Agreement.

  • In addition to the provisions of Article 15.00 of the Operating Procedure, no Party shall do, or cause to be done, anything to encumber the Pooled Lands or otherwise impact the Title Documents held by it which might reasonably result in any portion of any of those Title Documents becoming subject to termination or forfeiture.

  • The following Schedules are attached to and incorporated into this Agreement: Schedule “A”, which describes the Title Documents, the Pooled Lands, the Encumbrances, the Pre-Pooled Interests and the Pooled Interests; and Schedule “B”, which contains the elections and amendments to the Operating Procedure.

  • For the purposes of this Clause, insofar as any wellbore is used for operations outside the Pooled Lands due to the application of Article 12.00 of the Operating Procedure, that wellbore shall no longer be governed by this Agreement.

  • Nothing in this Agreement is to be construed as effecting a cross-conveyance of the interests of the Parties in the Title Documents or the Pooled Lands.


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 raw land that has not been filled to grade or been permitted for development.

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

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • 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 real property described on EXHIBIT 2, which is attached hereto and incorporated herein by reference for all purposes.

  • Project Area means THE AREA WHERE WORK IS BEING PERFORMED FOR THE CITY OF SUFFOLK, VIRGINIA.

  • 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.