Burdens. The Leasehold Interests to be acquired by the Program shall be subject to and McMoRan and Participant each shall bear its proportionate part of all third party overriding royalties and other burdens on Leasehold Interests (including subsequently acquired Leasehold Interests in the Prospect AMI) which McMoRan contracts for incidental to the acquisition or evaluation of such Leasehold Interests. Participant acknowledges that McMoRan has heretofore entered into a retainer agreement with a Technical Consultant and may enter into similar agreements with others during the Program Term. Without the consent of Participant, McMoRan agrees not to subject any Leasehold Interests to overriding royalty burdens to its Technical Consultants which exceed the amounts deliverable to its current Technical Consultant, CLK Company, L.L.C.(CLK),under their existing agreement as described in the letter to Participant dated the date hereof. McMoRan has provided Participant with a copy of its current consulting agreement with CLK and Participant agrees that it will bear its proportionate part of the overriding royalties to which CLK is entitled pursuant to the terms of said consulting agreement as to any Leasehold Interests acquired hereunder as well as to any Leasehold Interests that Participant may acquire pursuant to an AMI agreement subject hereto.
Burdens. Except as set forth in Schedule 3.25, and except for amounts owed to Third Parties that are held in suspense and amounts disputed in good faith, Seller and its Affiliates have properly and timely paid, or caused to be paid, in all material respects, all Burdens due upon the Seller's and its Affiliates' interest in production from the Xxxxx prior to the Effective Time in accordance with the applicable Leases and Legal Requirements.
Burdens. ANEC acknowledges that its working interest in the acreage it is committing or may subsequently acquire in the AMI may be less than 100%, and furthermore that its working interest in the AMI is burdened by overriding royalty interests, net profits interests, production payments and/or other burdens on production. The Parties hereto agree that ExxonMobil's working interest and royalty share of production from the AMI shall be free and clear of any such burdens, and all such burdens shall be borne solely by ANEC's share of production developed under the AMI.
Burdens. Except as set forth in Schedule 9.11, if (a) such Seller or any of its Affiliates is the operator of such Assets, such Seller or its applicable Affiliates have paid or caused to be paid in accordance with applicable Law and the terms of the applicable Leases, in all material respects, all Burdens due by such Seller with respect to its interest in the Assets, and (b) neither such Seller nor any of its Affiliates is the operator of such Assets, then, to the Knowledge of such Seller, the applicable operator has paid or caused to be paid in accordance with applicable Law and the terms of the applicable Leases, in all material respects, all Burdens due with respect to such Seller’s interest in such Assets.
Burdens. The only Burdens of a material nature to which the Property is subject are those disclosed in Section 3 of Part 2 of the Schedule. The Seller has told us that it has not received notice of any breach of and is not aware of any breach of those Burdens and that those Burdens do not materially adversely affect the Existing Use or the Proposed Use. The Property is not affected by the provisions of Part 3 of the Land Reform (Scotland) Xxx 0000. [The Property is within an area designated as "Excluded Land" in terms of section 33 of the Land Reform (Scotland) Xxx 0000 and The Community Right to Buy (Definition of Excluded Land) (Scotland) (Order) 2009.] OR [The Seller has told us that it is not aware of any proposals to register a community interest in respect of the Property in terms of Part 2 of the Land Reform (Scotland) Act 2003.] The Seller has told us that it is not aware that any person is in the process of acquiring the benefit of a Burden over the Property through prescription. Where any such Burden requires registration in the Land Register in order to be effective, that registration has been properly effected.
Burdens. All royalties, overriding royalties, net profit interests, production payments, back-in working interests and other burdens on production from a Lease existing on the Acquisition Date of such Lease.
Burdens. The terms and conditions of this Agreement are created real burdens upon and affecting the Croft House and binding on the Applicant and their successors as proprietor of the Croft House, and the Proprietor and their successors as proprietor of the Croft Land from time to time and as such are appointed to be recorded or otherwise to be validly referred to in terms of law in all future conveyances, dispositions and other deeds relating to the Croft House.
Burdens. 7.1.1 So far as the Seller is aware there are no servitudes, rights of way or similar rights affecting the Property other than as referred to in the Disclosed Documents.
7.1.2 The Property is sold with and under the real burdens, reservations, restrictions, servitudes, rights of way or similar rights, overriding interests, and other conditions affecting the Property whether specified or referred to in the Title Deeds or not.
Burdens. The terms and conditions of this Agreement are created real and preferable burdens upon and affecting the Site and binding on the Proprietors or Proprietors of the Site from time to time and as such are appointed to be recorded or otherwise to be validly referred to in terms of law in all future conveyances, Dispositions and other deeds relating to the Site.
Burdens. Seller has not assigned, conveyed, or otherwise created any overriding royalty interest or other royalty interest, production payment, net profits interest, oil payment, or other similar burden on production from the Assets that reduces Seller’s Net Revenue Interest in any Lease during the twelve (12) months prior to the Effective Time until the Execution Date.
