The Owner's Title Policy shall insure the Acquiror in the amount of the Consideration and shall be acceptable in form and substance to the Acquiror. Owner’s Title Policy means an owner's policy of title insurance issued to the Acquiror by the Title Company, pursuant to which the Title Company insures the Acquiror's ownership of fee simple title to the Real Property (including the marketability thereof) subject only to Permitted Title Exceptions. Gatherer As defined in the preamble of this Agreement.ĭelivery Points means: (i) for natural gas transported by interstate pipelines, the city gate stations of your Utility, and (ii) for electricity, one or more points at which Company, as your agent, has arranged for the delivery of electricity to a third party (such as your Utility) for your account or at your premises. Quantity Surveyor means the quantity surveyor appointed by the Seller for the purposes of the Development Royalty interest owner means a person or the estate of a person, other than a working interest owner, who owns the right to or interest in any portion of the oil and/or gas, or proceeds from the sale thereof, from a tract. Supply Point means the point of connection between the licensed network and your apparatus or equipment.
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Title Defect Property shall have the meaning set forth in Section 11.2(a). Shipper means a person that enters into a contract of transportation with a carrier. Producer means the owner of a well or wells capable of producing oil or gas or both.
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Licensed water supplier means a company which is the holder for the time being of a water supply licence under Section 17A(1) of the 1991 Act(f) ĭelivery Point means the point(s) of connection(s) at which energy is delivered into the Grid System i.e.