Subject Development Lands definition

Subject Development Lands means the lands subject to or covered by the oil and gas leases described in Exhibit A-2, subject to the exceptions, exclusions and reservations set forth on such Exhibit A-2, as such Exhibit may be modified pursuant to the Term Royalty Conveyance.

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Subject Development Lands means the lands subject to or covered by the --------------------------- oil and gas leases described in Exhibit A-2, subject to the exceptions, exclusions and reservations set forth on such Exhibit A-2, as such Exhibit may be modified pursuant to Section 1.05 and Section 12.01.

Subject Development Lands means the Subject Development Lands subject to the Royalty Interests, as "Subject Development Lands" are defined in the Conveyances.

Examples of Subject Development Lands in a sentence

• The counterparts are identical except to facilitate recordation, the counterpart recorded in each county may contain property descriptions relating only to the Subject Development Lands located in that county.

• If any Subject Development Lands are located in more than one county, the description of such Subject Development Lands may be included in any one or more counterparts prepared for recordation in separate counties, but the inclusion of the same property description in more than one counterpart of this Development Agreement shall not be construed as having effected any cumulative, multiple, or overlapping interest in the Subject Lands in question.

• A counterpart of the Development Agreement containing all property descriptions of Subject Development Lands will be filed for record in Kanawha County, West Virginia.

• In the event that Operator acquires any additional leases ("Additional Lease") other than the Subject Interests in the AMI Areas prior to Operator's satisfaction of Operator's drilling requirements in Section 2.01, Operator and Black Stone shall execute, acknowledge, and deliver an instrument that amends this Development Agreement so that such Additional Lease will be part of the Subject Interests and Subject Development Lands hereunder.

• Operator's obligation under Section 2.01(a) shall survive, even if (i) any of the Term Royalty Interest in the Subject Development Lands is Transferred or released in whole or in part by Black Stone or (ii) notwithstanding Sections 11.01 through 11.04 of each of the Term Royalty Conveyance, Operator Transfers, mortgages or pledges the Subject Development Lands or Subject Interests.

• Prior to the satisfac▇▇▇▇ of Operator's drilling requirements in Section 2.01, Operator shall not, and shall cause its Affiliates not to, nor permit any other Person to, drill any well on the Subject Development Lands in the AMI Areas that will not be a Development Well hereunder; provided however that any Development Well that does not constitute a Completed Development Well shall not be deemed a violation of this Section 2.09, so long as such Development Well is drilled in compliance with Section 2.13.

• Multiple counterparts of the Development Agreement have been recorded in the counties where the Subject Development Lands are located.

• To the extent that there are any Additional Leases prior to Assignor’s satisfaction of Assignor’s drilling requirements in Section 2.01, such Additional Lease, without any further action hereunder, shall become part of the Subject Interests and Subject Development Lands hereunder at such time.

• Assignor's obligation under Section 2.01(a) shall survive, even if (i) any of the Royalty Interest in the Subject Development Lands is Transferred or released in whole or in part by Trustee on behalf of the Trust or (ii) notwithstanding Sections 11.01 through 11.04 of each of the Conveyances, Assignor Transfers, mortgages or pledges the Subject Development Lands or Subject Interests.

• Multiple counterparts of the Development Agreement have been recorded in the counties of the Commonwealth/State of ____________________ where the Subject Development Lands are located.