Common use of Assignment by Atlas Energy Clause in Contracts

Assignment by Atlas Energy. Each of Atlas Energy and Energy Operating, on their own behalf and on behalf of the Subsidiaries, hereby irrevocably assigns, sets over, transfers and conveys to Atlas America all of the right, title and interest of any of them in and to all of the gathering fees (i) accruing to any of them from the Investment Programs or (ii) attributable to the production interest of Atlas Energy, Energy Operating or any of the Subsidiaries for gas gathered from and after the Closing Date pursuant to the Gathering Agreement (the “Assigned Amounts”). Each of Atlas Energy and Energy Operating shall pay, and shall cause each of the Subsidiaries to pay, the Assigned Amounts to Atlas America within 15 Business Days after the end of the month in which received by them.

Appears in 4 contracts

Samples: Contribution, Conveyance and Assumption Agreement (Atlas America Series 27-2006 LP), Contribution, Conveyance and Assumption Agreement (Atlas Resources Public #16-2007 (B) L.P.), Contribution, Conveyance and Assumption Agreement (Atlas America Inc)

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Assignment by Atlas Energy. Each of Atlas Energy and Energy Operating, on their own behalf and on behalf of the Subsidiariesother members of the Atlas Energy Group, hereby irrevocably assigns, sets over, transfers and conveys to Atlas America all of the right, title and interest of any the members of them the Atlas Energy Group in and to all of the gathering fees (i) accruing to any of them from the Investment Programs or and (ii) attributable to the production interest of Atlas Energy, Energy Operating or any the members of the Subsidiaries Atlas Energy Group for gas gathered from and after the Closing Date pursuant to the Gathering Agreement (the “Assigned Amounts”). Each of Atlas Energy and Energy Operating shall pay, and shall cause each of the Subsidiaries other members of the Atlas Energy Group to pay, the Assigned Amounts to Atlas America within 15 Business Days after the end of the month in which received by themfrom such entity’s receipt thereof.

Appears in 3 contracts

Samples: Contribution and Assumption Agreement, Contribution, Conveyance and Assumption Agreement (Atlas America Inc), Contribution, Conveyance and Assumption Agreement (Atlas Energy Resources, LLC)

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