Real Property Assets

Real Property Assets. Means (a) all rights, titles, interests and estates in and to the oil and gas leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, fee interests, surface interests, mineral fee interests, overriding royalty and royalty interests, net profit interests and production payment interests, including any reserved or residual interests of whatever nature, located in Chaves County, New Mexico and set forth on Exhibit A attached hereto, (b) all properties now or hereafter... pooled or unitized therewith, (c) all presently existing or future agreements which may affect all or any portion thereof, (d) all property, real or personal, affixed thereto or situated thereon and used, held for use or useful in the development thereof and (e) all oil, gas, condensate, helium, or other minerals and substances produced and saved or attributable thereto, in each case, whether now owned or hereafter acquired by Pledgor, or purported to be owned by Pledgor in the NM Mortgage and the representations and warranties set forth therein. View More

Real Property Assets. Shall mean, as of any time, the real property assets (including interests in preferred equity and participating mortgages in which the lender's interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Guarantors or a Consolidated Subsidiary at such time.