Legal Dictionary of Pakistan

habendum clause

1. The part of a deed that defines the extent of the interest being granted and any conditions affecting the grant. ( The introductory words to the clause are ordinarily to have and to hold. - Also termed to-have-and-to-hold clause. 2. An oiland-gas lease provision that defines the lease's primary term and that usu. extends the lease for a secondary term of indefinite duration as long as oil, gas, or other minerals are being produced. ( Most jurisdictions require production of paying quantities to keep the lease in effect.