top lease

top lease

top lease 重叠租赁;覆盖租赁;接续租约 指:1在前一租约尚未期满时签订的租赁,前后两项租赁的期限有所重叠;2后续的石油、天然气租赁中,含有在先存续的租约之一项或多项矿产权益;3对已受油气租约支配的财产再作租赁。通常重叠租赁只在原已存在的租约期满之时才授予权利。

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top lease

Oil & gas. A lease granted on property already subject to an oil-and-gas lease. • Generally, any rights granted by a top lease are valid only if the existing lease ends. [Cases: Mines and Minerals 56. C.J.S. Mines and Minerals §§ 194–195, 233.]

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