Xxxxxx Island Lease definition

Xxxxxx Island Lease means the petroleum lease dated 27th February, 1967 granted under the former provisions and registered as Number 1H and includes any renewal, substitution or variation thereto and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;
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Xxxxxx Island Lease has the meaning given to it in the Ratifying Act;
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Xxxxxx Island Lease means the petroleum lease dated 27 February 1967 granted under the Petroleum Act 1936 and registered as Number 1H and named “Xxxxxx Island” under that Act and includes that lease as renewed, substituted or varied; Note: though repealed by the Petroleum Act 1967, the Petroleum Act 1936 continues to apply to the Xxxxxx Island lease and renewals of it (see the Petroleum Act 1967 s. 134).
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Examples of Xxxxxx Island Lease in a sentence

  • The royalty shall be calculated by reference to all petroleum commodities produced from the production unit in a royalty year from petroleum from the Xxxxxx Island Lease.

  • The Lessee shall with effect from 1st July 1985 and during the continuance of this lease pay to the State a royalty in respect of petroleum recovered by the Lessee from the Xxxxxx Island Lease.

  • Within 3 months after the commencement date the Lessee shall file with the Minister an audited royalty return for the period from 1st January 1985 to 30th June 1985 in accordance with the provisions of the former Clause 2 of the Xxxxxx Island Lease and the Minister shall within 3 months after the receipt of that return determine the amount of the royalty actually payable with respect to that petroleum in stock.

  • The Minister or the Premier for the time being of the State may from time to time make, execute and do or cause to be made executed or done all necessary incidental instruments and acts which may be necessary or convenient to protect, secure or otherwise ensure compliance by the Lessee with the terms of the Xxxxxx Island Lease.

  • For the purpose of paragraph (b) of this clause 5 the interim royalty payable with respect to that petroleum in stock shall be the royalty paid by the Lessee to the State with respect to that petroleum upon its sale or removal without sale from the Xxxxxx Island Lease, as agreed between the Minister and the Lessee or, in default of agreement within such period as the Minister allows, as determined by the Minister.

  • All petroleum commodities produced from the production unit from petroleum from the Xxxxxx Island Lease and held in stock on the production unit as at midnight on 30th June 1985 shall be subject to the provisions of the former Clause 2 of the Xxxxxx Island Lease as though that Xxxxxx was still in force.

  • All petroleum commodities produced from the production unit from petroleum from the Xxxxxx Island Lease and held in stock on the production unit as at midnight on 30th June 1985 shall be subject to the provisions of the former Clause 2 of the Xxxxxx Island Lease as though that Clause was still in force.

  • Save as modified and varied by this Agreement, the Xxxxxx Island Lease shall continue in full force and effect.

  • For the purpose of paragraph (b) of this clause 5 the interim royalty payable with respect to that petroleum in stock shall be the royalty paid by the Lessee to the State with respect to that petroleum upon its sale or removal without sale from the Xxxxxx Island Lease, as agreed between the Minister and the Lessee or, in default of page 20 Compare 03 Jan 2003 [01-a0-05] / 21 Dec 2007 [01-b0-02] agreement within such period as the Minister allows, as determined by the Minister.


More Definitions of Xxxxxx Island Lease

Xxxxxx Island Lease means the petroleum lease dated 27 February 1967 granted under this Act and registered as Number 1H and named “Xxxxxx Island” pursuant to this Act and includes that lease as renewed, substituted or varied.
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Related to Xxxxxx Island Lease

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Head Lease or “Superior Lease” means the document which sets out the promises the Landlord has made to the Superior Landlord. The promises contained in this Head Lease will bind the Tenant if he has prior knowledge of those promises.

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • Lease means any and all leases, subleases, licenses or other occupancy agreements, sale/leaseback arrangements or similar arrangements.

  • Nationwide Mortgage Licensing System and Registry means a mortgage licensing system developed and maintained by the conference of state bank supervisors and the American association of residential mortgage regulators for the licensing and registration of licensed mortgage loan originators.

  • Rental agreement or "lease agreement" means all agreements, written or oral, and valid rules and