Undeveloped Properties definition

Undeveloped Properties means Seller’s interest in all of the oil, gas or other Hydrocarbon leases and other rights to Hydrocarbons and other minerals in place on the lands described on Exhibit A-5, including, without limitation, those Leases set forth in Exhibit A-5, together with each and every kind and character of right, title, claim and interest that Seller has in and to such leases and other rights, or the lands covered thereby or lands currently pooled, unitized, communitized or consolidated therewith; provided, for the avoidance of doubt, that such leases and other rights shall not include the Pontotoc Interest or the Xxxxx Properties.

Undeveloped Properties means, in general, all interests (and “Undeveloped Property” means any or each interest individually, as the context requires) of substantially or entirely undeveloped Property (in each case on substantially entitled land).

Undeveloped Properties means, the Opco Undeveloped Land, the Auburn Undeveloped Land and the Sonoma Undeveloped Land.

Examples of Undeveloped Properties in a sentence

• The Parties acknowledge and agree that other than the Management Fees and those amounts due and payable to Manager under Sections 5.1(a) and (b), Manager shall receive no other fees or payments for the asset management and oversight of the Undeveloped Properties.

• The Company shall commence development of the Undeveloped Properties and New Projects pursuant to Development Budgets, Development Schedules and Development Plans and Specifications proposed by the Managing Member and approved by the Management Committee.

• Subject to the terms and conditions set forth herein, Seller shall sell, transfer, convey, assign, and deliver all of its interest in the Producing Properties and an undivided 50% of its interest in the Undeveloped Properties to Purchaser by delivery of the Assignment.

• Depending upon the circumstances, such newly acquired properties may be Developed Properties, Properties Under Development or Undeveloped Properties.

• The Managing Member shall monitor all development of the Properties Under Development, the Undeveloped Properties and New Projects pursuant to the Development Agreements and shall keep the Management Committee informed of all development activities with regard thereto.

More Definitions of Undeveloped Properties

Undeveloped Properties. As of the date of this Agreement, means the ---------------------- Properties specified on Exhibit A-3, subject to changes described in Section ----------- 6.5.

Undeveloped Properties means those undeveloped parcels of land comprising a portion of the Land and identified on Exhibit B-3 annexed hereto ----------- and made a part hereof.

Undeveloped Properties means the lands and leases that are more particularly described or referred to in Exhibit B.

Undeveloped Properties means, the Opco Undeveloped Land, the Auburn Undeveloped Land, the Sonoma Undeveloped Land and, in each case until the occurrence of the Trust Transfer Date with respect thereto, the Chico Land and the North Fork Land.

Undeveloped Properties means all rights, titles and interests, whether now held or hereafter acquired, by any Credit Party in and to any lease, land or estate that has not, as of the date the Mortgages have been executed, amended or supplemented, been developed to the extent that it can be appropriately classified as Oil and Gas Properties for the purposes hereof.

Undeveloped Properties means that certain real property described on Exhibit "A" attached hereto and made a part hereof, which is owned by the Developer, and which is subject to being annexed to the properties of this Declaration.

Undeveloped Properties means any lot, parcel or land that is undisturbed or altered by filling, compaction, grading, clearing, logging, roads or any man-made changes to the natural existing soil topography.