Subsurface Resources Clause Samples

The Subsurface Resources clause defines the rights and responsibilities related to minerals, oil, gas, or other resources located beneath the surface of a property. Typically, this clause clarifies whether the ownership or use of these resources is included in a transaction, and may specify if the seller retains rights to extract subsurface materials or if such rights are transferred to the buyer. Its core function is to prevent disputes by clearly allocating ownership and usage rights for valuable underground resources, ensuring both parties understand their entitlements and limitations.
Subsurface Resources. The right to oil, gas, minerals, and geothermal resources underlying the Easement Area, provided that any drilling or mining activities are to be located outside the boundaries of the Easement Area, unless activities within the boundaries are specified in accordance with the terms and conditions of EXHIBIT C which is appended to and made a part of this easement deed, if applicable.
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Subsurface Resources. The ability to explore or exploit any owned rights to oil, gas, minerals, and geothermal resources underlying the Property area, provided that any drilling or mining activities are to be located outside the boundaries of the Property unless activities within the boundaries are specified in accordance with the terms and conditions of EXHIBIT C, which is appended to and made part of this Contract, if applicable.
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Subsurface Resources. 41. Lheidli T’enneh owns all Subsurface Resources on or beneath the surface of Lheidli T’enneh Lands.
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Subsurface Resources. The right to oil, gas, minerals, geothermal resources, and water underlying the easement area, provided that any drilling or mining activities are to be located outside the boundaries of the easement area. To the extent any subsurface rights are owned and exercised by third parties, the United States will be afforded comment opportunities by the Landowner prior to the exercising of those rights
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Subsurface Resources. General 1. Kitselas will own Subsurface Resources on or under Kitselas Lands where, before the Effective Date, Canada or British Columbia owns the Subsurface Resources. 2. Kitselas ownership of Subsurface Resources is subject to the Subsurface Tenures listed in Appendix C-3. 3. Subject to paragraph 12, Kitselas, as owner of Subsurface Resources, has authority to set fees, rents, royalties and other charges, except taxes, for exploration, development, extraction and production of Subsurface Resources owned by Kitselas. 4. Nothing in the Final Agreement confers authority on Kitselas to make laws in relation to the exploration for, development, production, use and application of nuclear energy and atomic energy and the production, possession and use, for any purpose, of nuclear substances, prescribed substances, prescribed equipment and prescribed information. 5. Nothing in the Final Agreement confers authority on Kitselas to make laws in respect of: a) spacing and target areas related to Petroleum and Natural Gas and Geothermal Resources, and conservation and allocation of Petroleum and Natural Gas and Geothermal Resources among parties having interests in the same reservoir; and b) Subsurface Tenures listed in Appendix C-3 and related Tenured Subsurface Resources. 6. Before the Final Agreement, British Columbia and Kitselas will address the relationship between Provincial Law with respect to Subsurface Resources and Kitselas Law with respect to land use. 7. Subject to paragraph 11, the Subsurface Tenures: a) continue in accordance with Provincial Law and the Final Agreement; and b) will be administered by British Columbia in accordance with Provincial Law and the Final Agreement. 8. Provincial Law applies to any exploration, development, extraction and production of Tenured Subsurface Resources as if the Tenured Subsurface Resources were owned by British Columbia. 9. In administering the Subsurface Tenures and Tenured Subsurface Resources, British Columbia may grant, as necessary, any related extensions, renewals, continuations, replacements or issue any further rights as the Tenured Subsurface Resources are developed. 10. In administering the Subsurface Tenures and Tenured Subsurface Resources, British Columbia will notify the Kitselas Government before changing or eliminating any rents or royalties applicable to the Tenured Subsurface Resources. 11. British Columbia will: a) ensure that any rents and royalties applicable to Tenured Subsurface Resources th...
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Subsurface Resources. Nisga'a Government will own all mineral resources on or under Nisga'a Lands, including:
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Subsurface Resources. The right to oil, gas, minerals, and geothermal resources underlying the contract area, provided that any drilling or mining activities are to be located outside the boundaries of the contract area and will not have an adverse impact on the contract area.
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Subsurface Resources. On the Effective Date, Yekooche First Nation will own Subsurface and Mineral Resources on Yekooche First Nation Lands subject to the continuation of interests existing on the Effective Date as set out in Appendix G.
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Subsurface Resources. The subsurface resources chapter provides that the NWTMN will receive an annual payment consisting of a percentage of the Mackenzie Valley mineral royalties. The NWTMN will receive 4.56% of the first $2 million and 0.912% of the remaining Mackenzie Valley Mineral Royalties. The NWTMN will begin to receive the mineral royalties when the Final Agreement is in effect.
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Related to Subsurface Resources

  • Groundwater Any water, except capillary moisture, beneath the land surface or beneath the bed of any stream, lake, reservoir or other body of surface water within the boundaries of this state, whatever may be the geologic formation or structure in which such water stands, flows, percolates, or otherwise moves.

  • Infrastructure Vulnerability Scanning Supplier will scan its internal environments (e.g., servers, network devices, etc.) related to Deliverables monthly and external environments related to Deliverables weekly. Supplier will have a defined process to address any findings but will ensure that any high-risk vulnerabilities are addressed within 30 days.

  • Subsurface Conditions Unless the Contract Documents stipulate specific quantities and units of rock or unsuitable soils, the Contractor shall assume material below the surface of the Earth to be earth and other material that can be removed by power shovel or similar equipment. Should conditions encountered below the surface of the ground be at variance to the number of unit requirements as indicated by drawings or specifications, and absent an agreed-upon unit price established prior to the bid by Addendum, or after contract execution by Change Order, the Contract Sum and/or time shall be adjusted as provided in the Contract Documents for changes in the work.

  • Dewatering (a) Where the whole of a site is so affected by surface water following a period of rain that all productive work is suspended by agreement of the Parties, then dewatering shall proceed as above with Employees so engaged being paid at penalty rates as is the case for safety rectification work. This work is typically performed by Employees engaged within CW1, CW2 or CW3 classifications. When other Employees are undertaking productive work in an area or areas not so affected then dewatering will only attract single time rates. (b) Where a part of a site is affected by surface water following a period of rain, thus rendering some areas unsafe for productive work, consistent with the Employer’s obligations under the OH&S Act, appropriate Employees shall assist in the tidying up of their own work site or area if it is so affected. Where required, appropriate Employees will be provided with the appropriate PPE. Such work to be paid at single time rates. Productive work will continue in areas not so affected. (c) To avoid any confusion any ‘dewatering’ time which prevents an Employee from being engaged in their normal productive work is not included in any calculation for the purposes of determining whether an Employee is entitled to go home due to wet weather (refer clauses 32.4 and 32.5)

  • Water Provide hot water for lavatory purposes and cold water for drinking, lavatory and toilet purposes.