ASSIGNMENT OF RECORD TITLE Sample Clauses

ASSIGNMENT OF RECORD TITLE. Within three (3) business days from receipt of the Sunk Land Costs, LLOG shall execute and deliver to Ridgewood an Assignment of Record Title Interest delivering to Ridgewood a 50% of 6/6ths Record Title Interest in the Redacted Lease. The Assignment shall be without warranty of title, either express or implied, except by, through and under LLOG, but not otherwise. Additionally, such Assignment shall be subject to the approval of the authorized officer of the U.S. Mineral Management Service (“MMS”). The Assignment shall be prepared with an attached Exhibit “A” thereto, with said Exhibit “A” being a mutually acceptable assignment form which can be executed by the parties and recorded in the appropriate County/Parish, as applicable. The Assignment shall be subject to; 1. The Option Agreement (attached hereto as Exhibit “B”). 2. The September 1, 2008 Offshore Operating Agreement (“OOA”) between LLOG and Apache, covering the CPA, and ratified by Ridgewood. 3. A 1% overriding royalty interest in favor of Seitel Data, Ltd proportionately reduced amongst the participating parties in the CPA and/or Redacted Lease outside the CPA. By letter dated July 22, 2008, Seitel agreed to pool their overriding royalty interest in the CPA, giving them a 0.5% in the CPA and a 1% in the redacted Lease outside the CPA. Ridgewood’s net revenue interest in the CPA and the Redacted Lease is set forth on Exhibit “A”. LLOG and Ridgewood agree to execute any necessary documents and take all other actions reasonably necessary, if any, to assist in the MMS approval process.
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ASSIGNMENT OF RECORD TITLE. Unless a Participant earns only rights in a Shallow Rights Well pursuant to Section 1(d), and provided that it (i) is not in default under the terms of this Agreement; (ii) has participated in the drilling of the Test Well (or any Substitute Well drilled therefor) to Casing Point; and (iii) has reimbursed El Paso for its share of Sunk Costs in accordance with Section 2, such Participant shall have earned and be entitled to receive an assignment of its undivided After Casing Point interest in and to the Lease, effective as of the Effective Date. El Paso shall deliver such assignment to the Participant(s) no later than thirty (30) days after earning occurs. Such assignment shall be subject to the terms of this Agreement, the assumption of its proportionate share of obligations pursuant to the Lease and the Operating Agreement, and be free of all royalty and overriding royalty burdens except the Lease Burdens described in Section 5. The assignment shall be on a mutually agreeable form and subject to approval by the State Mineral Board of the State of Louisiana.
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ASSIGNMENT OF RECORD TITLE. Within fifteen (15) days from receipt of the Sunk Land Costs, LLOG shall execute and deliver to Ridgewood an Assignment of Record Title Interest delivering to Ridgewood a 25% of 6/6ths Record Title Interest in the Lease. The Assignment shall be without warranty of title, either express or implied, except by, through and under LLOG, but not otherwise. Additionally, such Assignment shall be subject to the approval of the authorized officer of the U.S.
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ASSIGNMENT OF RECORD TITLE. Rights Interest in Federal OCS Oil and Gas Lease (for OCS-G 35805) from Xxxxxx Oil & Gas Corporation to Ridgewood Energy O Fund, LLC, Ridgewood Energy Q Fund, LLC, Ridgewood Energy S Fund, LLC, Ridgewood Energy T Fund, LLC, Ridgewood Energy V Fund, LLC, Ridgewood Energy W Fund, LLC, Ridgewood Energy Y Fund, LLC, Ridgewood Energy A-1 Fund, LLC, Ridgewood Energy B-1 Fund, LLC, Ridgewood Energy Gulf of Mexico Oil and Gas Fund, L.P. and ILX Prospect Beta, LLC (with Partial Assignment of Record Title Interest between the same parties attached thereto), filed with the BOEM on December 15, 2016 and approved by the BOEM on December 29, 2016 effective July 1, 2016. [The Partial Assignment of Record Title Interest was also filed on December 14, 2016 at Conveyance Book 2056, Page 479, Instrument No. 1231475 of the conveyance records of Lafourche Parish, Louisiana.]
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Related to ASSIGNMENT OF RECORD TITLE

  • Transfer/Assignment (A) Subject to compliance with clause (B) of this Section 7, this Warrant and all rights hereunder are transferable, in whole or in part, upon the books of the Company by the registered holder hereof in person or by duly authorized attorney, and a new warrant shall be made and delivered by the Company, of the same tenor and date as this Warrant but registered in the name of one or more transferees, upon surrender of this Warrant, duly endorsed, to the office or agency of the Company described in Section 3. All expenses (other than stock transfer taxes) and other charges payable in connection with the preparation, execution and delivery of the new warrants pursuant to this Section 7 shall be paid by the Company. (B) The transfer of the Warrant and the Shares issued upon exercise of the Warrant are subject to the restrictions set forth in Section 4.4 of the Purchase Agreement. If and for so long as required by the Purchase Agreement, this Warrant shall contain the legends as set forth in Section 4.2(a) of the Purchase Agreement.

  • Assignment or transfer fee The New Lender shall, on the date upon which an assignment or transfer takes effect, pay to the Facility Agent (for its own account) a fee of USD 2,500.

  • Assignment of Membership Interest A Member may not assign the Member’s interest in the Company except with the written consent of all the other Members of record. Any such consent to assignment automatically entitles the assignee to become a Member. A Member’s membership interest may be evidenced by a certificate of membership interest issued by the Company.

  • Transfer and Assignment of Interests With the exception of transfers between family members, stated in 6.3, Members who wish to transfer, assign, convey or sell their Membership Interest must obtain unanimous written approval from the other Members. The other Members may approve or reject this request in their sole discretion.

  • Assignment, Etc The Holder may assign or transfer this Note to any transferee at its sole discretion. This Note shall be binding upon the Company and its successors and shall inure to the benefit of the Holder and its successors and permitted assigns.

  • Assignment of Rights Borrower acknowledges and understands that Agent or Lender may, subject to Section 11.7, sell and assign all or part of its interest hereunder and under the Loan Documents to any Person or entity (an “Assignee”). After such assignment the term “Agent” or “Lender” as used in the Loan Documents shall mean and include such Assignee, and such Assignee shall be vested with all rights, powers and remedies of Agent and Lender hereunder with respect to the interest so assigned; but with respect to any such interest not so transferred, Agent and Lender shall retain all rights, powers and remedies hereby given. No such assignment by Agent or Lender shall relieve Borrower of any of its obligations hereunder. Lender agrees that in the event of any transfer by it of the Note(s)(if any), it will endorse thereon a notation as to the portion of the principal of the Note(s), which shall have been paid at the time of such transfer and as to the date to which interest shall have been last paid thereon.

  • Assignment of Rights to Intellectual Property The Executive shall promptly and fully disclose all Intellectual Property to the Company. The Executive hereby assigns and agrees to assign to the Company (or as otherwise directed by the Company) the Executive’s full right, title and interest in and to all Intellectual Property. The Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) requested by the Company to assign the Intellectual Property to the Company and to permit the Company to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. The Executive will not charge the Company for time spent in complying with these obligations. All copyrightable works that the Executive creates shall be considered “work made for hire”.

  • ASSIGNMENT OF RIGHTS, TITLE, INTEREST AND BENEFITS The Purchaser shall not without the written consent of the Assignee/Bank, Developer/Proprietor (if applicable) and/or the relevant authorities be entitled to assign his rights, title, interest and benefits under the contract of sale made pursuant hereto or the principal Sale and Purchase Agreement entered between the Developer/Proprietor and the original Purchaser before the Property has been duly assigned or transferred to him by the Assignee/Bank. The Assignee/Bank’s decision to grant the consent or otherwise shall be in its absolute discretion and shall not be questioned.

  • Assignment of Option Except as otherwise permitted by the Committee, the rights of the Optionee under the Plan and this Agreement are personal; no assignment or transfer of the Optionee’s rights under and interest in this Option may be made by the Optionee otherwise than by will, by beneficiary designation, by the laws of descent and distribution or by a qualified domestic relations order; and this Option is exercisable during his lifetime only by the Optionee, except as otherwise expressly provided in this Agreement. After the death of the Optionee, exercise of the Option shall be permitted only by the Optionee’s designated beneficiary or, in the absence of a designated beneficiary, the Optionee’s executor or the personal representative of the Optionee’s estate (or by his assignee, in the event of a permitted assignment) to the extent that the Option is exercisable on or after the date of the Optionee’s death, as set forth in Sections 2(a) and 3(d) hereof.

  • Assignment and Transfer The Member may assign or transfer in whole but not in part its limited liability company interest to a single acquiror.

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