Surface Interests definition

Surface Interests is defined in the definition of Company Assets.

Surface Interests means all surface leases, subsurface leases, rights-of-way, licenses and easements applicable to, or used or held in connection with the ownership, operation, maintenance or repair of, or the production, gathering, treatment, processing, storing, sale or disposal of Hydrocarbons or produced water from, the Properties, together with all surface fee interests in the lands covered by the Assigned Leases and Interests, excluding any surface use agreements and other surface or subsurface rights agreements.

Surface Interests has the meaning set forth in the definition of “Assets.”

Examples of Surface Interests in a sentence

• Seller is in compliance in all material respects with the Leases and agreements creating Surface Interests, including all express and implied covenants thereunder, and no demands or notices of a material default or non-compliance have been issued to or received by Seller that have not been resolved.

• Seller owns, or has the right to use (subject to Permitted Encumbrances), the Surface Interests as are necessary to use, own and operate the Assets in the same manner as such Assets are currently used, owned and operated by the Seller as of the Execution Date.

• There is no existing material default by Seller or, to Seller’s Knowledge, any counterparties under any of the Surface Interests.

• Each of the Surface Interests described on Exhibit A-5 is legal, valid, binding, enforceable and in full force and effect.

• Schedule 1.1(a)(vi) sets forth for Assets operated by Seller and, to Seller’s Knowledge for Assets not operated by Seller, a list of all contracts and agreements material to the ownership and operation of the Assets as of the execution date hereof (other than the Leases, agreements creating Surface Interests, and oil or gas gathering, marketing, and/or purchase agreements that are terminable on 60 days or less notice).

More Definitions of Surface Interests

Surface Interests is defined in Section 1.2(h).

Surface Interests means all rights of the Vendor to enter upon, use, occupy and enjoy the surface of the Lands, any lands with which the same have been pooled or unitized and any lands upon which any Tangibles or any Xxxxx are located and any lands to be traversed to gain access to the Lands, the Tangibles or any Xxxxx, which are held for purposes related to the use, ownership or operation of the Petroleum and Natural Gas Rights, the Xxxxx or Tangibles, whether the same are held in fee simple, by lease, by right-of-way, or otherwise;

Surface Interests has the meaning specified in the definition of Properties.

Surface Interests is defined in subsection (c) of the definition of “Asset Seller Assets”.

Surface Interests means all right, title, interest and estate of the Vendor to enter upon, use, occupy and enjoy the surface of the Lands and any lands upon which the Xxxxx or the Tangibles are located and any lands used to gain access thereto, in each case, for purposes related to the use or ownership of the Oil Sands Rights, the Tangibles or the Xxxxx or Operations, whether the same are held by right of way, or otherwise.

Surface Interests means all right, title, interest and estate of the Corporation and the Subsidiary to enter upon, use, occupy and enjoy the surface of the Lands, any lands with which the same have been pooled or unitized and any lands upon which the Tangibles are located, for purposes related to the use, ownership and operation of the Petroleum and Natural Gas Rights or the Tangibles, whether the same are held in fee simple, by lease, by right-of-way, or otherwise;

Surface Interests means all right, title, interest and estate of SellCo as at the Closing Time to enter upon, use, occupy and enjoy the surface of the Lands, any lands with which the same have been pooled or unitized and any lands upon which the Xxxxx or the Tangibles are located and any lands used to gain access thereto, in each case, for purposes related to the use or ownership of the Petroleum and Natural Gas Rights or the Tangibles or the Xxxxx or Operations, whether the same are held by right of way, or otherwise;