Production Lease definition

Production Lease means an amended and restated Inuit Owned Lands Mineral Production Lease dated November 4, 2015 among the Company and NTI, as amended by an amendment dated May 1, 2017, as may be further amended, restated or otherwise modified from time to time.
Production Lease means a lease issued under the Petroleum Law and conferring on the holder the rights set out in Article 60 of the Petroleum Law.
Production Lease means that part of the License Area which is established for development of a Discovery pursuant to the License which is delineated as the Production Lease in a Development Plan approved as a Joint Operation or as an Exclusive Risk Operation.

Examples of Production Lease in a sentence

  • The production sharing agreement will be executed by the Contractor with GHPL who will be granted the Exploration Licence and Development and Production Lease.

  • At the time it entered into the APA and Production Lease, Medex CP was owned by Medex, Inc., a subsidiary of MedVest Holdings Corporation (“MedVest”).

  • The Chief Safety Officer and Transit Safety Committee assess prioritized hazards using GVT’s Safety Risk Matrix.

  • Pursuant to the Production Lease, Medex CP leased “machinery, equipment and other assets” at IPI’s Chicago manufacturing facility in order to produce IPI’s medical products.

  • On May 10, 2002, IPI and Medex CP entered into two agreements through which Medex CP acquired and leased IPI’s assets: the Asset Purchase Agreement (“APA”) and the Machinery and Equipment Production Lease (“Production Lease”).R.


More Definitions of Production Lease

Production Lease means the production lease to be executed by the Parties for the Meliadine Project.
Production Lease means the production lease to be executed by the Parties for the Whale Tail Project.
Production Lease means a lease granted 6[under section 8 or section 12 or section 13] which confers an exclusive right for the purpose of undertaking production operation;
Production Lease means a lease granted under section 13 which confers an exclusive right for the purpose of undertaking production operation;
Production Lease means a lease granted under section 13 which confers an exclusive right for the purpose of undertaking produc­ tion operation;
Production Lease means a 30 years oil production lease granted by the Government.
Production Lease means lease KVPL08D280, executed by the Parties for the Meadowbank Project as amended from time to time.