Subject Leases definition

Subject Leases means, for any Asset Review, all 20[•]-[•] Leases which are 60-Day Delinquent Leases as of the end of the Collection Period immediately preceding the related Review Satisfaction Date.

Subject Leases means all leaseholds, royalties, overriding royalties, other non-expense bearing accounts, carried interests, fee interests or other real property interests located within the Exhibit "A" area or listed on Exhibit "B."

Subject Leases means, for any Asset Review, all 61-Day Delinquent Leases as of the related Review Satisfaction Date; provided, however, that any Lease that is repurchased by VCI and reallocated to the UTI or is paid off after such date will no longer be a Subject Lease.

Examples of Subject Leases in a sentence

• The Asset Representations Reviewer will complete the Review of all of the Subject Leases within sixty (60) days after receiving access to the Review Materials under Section 3.3(a).

• The “Noteholder Direction” shall be deemed to have occurred if Noteholders representing at least a majority of the voting Noteholders vote in favor of directing an Asset Review of the Subject Leases by the Asset Representations Reviewer.

• Following the delivery of the list of the Subject Leases and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Lease is pre-paid in full by the Obligor or reallocated from the SUBI by the Servicer according to the Basic Documents.

• The Confidential Information will not, without the prior consent of the Issuer, the Sponsor and the Servicer, be disclosed or used by the Asset Representations Reviewer, or its officers, directors, employees, agents, representatives or affiliates, including legal counsel (collectively, the “Information Recipients”) other than for the purposes of performing Asset Reviews of Subject Leases or performing its obligations under this Agreement.

• Within ten (10) Business Days after receipt of a Review Notice, the Servicer will deliver to the Asset Representations Reviewer, with a copy to the Indenture Trustee, a list of the Subject Leases.

More Definitions of Subject Leases

Subject Leases means each kind and character of right, title, claim, or interest (collectively the “rights,”) that Grantor has or owns in or to the Leases whether such right be under or by virtue of a lease, a unitization or pooling order or agreement, an operating agreement, a division order, or a transfer order or be under or by virtue of any other type of claim or title, legal or equitable, recorded or unrecorded, all as such rights shall be (a) enlarged or diminished by virtue of the provisions of Section 4.2, and (b) enlarged by the discharge of any payments out of production or by the removal of any charges or encumbrances to which any of such rights are subject at the Effective Time (provided that such removal is pursuant to the express terms of the instrument that created such charge or encumbrance) and any and all renewals and extensions of the right occurring within one year after the expiration of such rights.

Subject Leases has the meaning given such term in Paragraph I.

Subject Leases is defined in Section 24.2(b) of the Lease.

Subject Leases means the Oil, Gas and Mineral Leases, or individually “Lease”, covering portions of the Prospect Areas acquired or to be acquired in connection with exploration efforts to be conducted pursuant to this Agreement.

Subject Leases is as defined in the definition of “Properties” above.

Subject Leases means the oil, gas and mineral leases described in Exhibit "B" attached hereto as such Exhibit may be amended from time to time as provided herein, including extensions and renewals of any such lease obtained within six (6) months of the expiration thereof.

Subject Leases means (i) each oil and gas lease subject to the University Approach Consolidated Drilling and Development Unit Agreement, among Approach Oil & Gas Inc., Approach Resources I, LP, Approach Operating, LLC, the State of Texas and the Board for Lease of University Lands, dated July 1, 2013, (ii) the Oil and Gas Lease Agreement among William Carl Pfluger, Addision Lee Pfluger, William Lee Strauss, Anne Strauss Calaway, Jane Strauss Northern, and their respective successors and assigns, and Approach Oil & Gas Inc., dated January 21, 2011, (iii) the Paid Up Oil and Gas Lease between the Paul S. Reynolds Trust and Approach Oil & Gas Inc., dated March 25, 2011 (iv) the Term Assignment and Agreement between Nordstrand Engineering, Inc., Crump Family Partnership, Ltd. And Approach Oil & Gas Inc., dated June 26, 2018 and (v) the Term Assignment and Agreement between Epic Permian Resources LLC and Approach Oil & Gas Inc., dated May 8, 2018.