Conveyance and Reservation Sample Clauses

Conveyance and Reservation. (a) Assignor does hereby sell, assign, and convey unto Assignee the following described properties, rights and interests, but only to the extent related to the real property described in Exhibit A ("Property"): (i) All of Assignor's right, title, and interest, if any, in all oil, gas and other mineral interests, including Assignor's right, title, and interest, if any, in all: (A) oil and gas leases and any other mineral leases, (B) royalties and overriding royalties, (C) production payments, (D) net profits interests, (E) reversionary mineral interests, (F) unitization, pooling, and communitization agreements, and (G) declarations and orders (including all units formed under orders, rules, regulations, or other official acts of any federal, state, or other authority having jurisdiction, and voluntary unitization agreements, designations and declarations), subject to any exceptions and reservations contained in Exhibit A; (ii) All of Assignor's right, title, and interest, if any, in all fixtures, equipment, and other personal property, to the extent relating to the xxxxx described in Exhibit B and their appurtenant production, storage, treating, gathering, and transportation facilities, situated on the Property; and (iii) all contracts; lease files; abstracts and title opinions; production records; well files; permits and licenses; accounting records (but excluding all general financial accounting or tax accounting records that do not pertain exclusively to the Property); electric logs and geological, engineering, and other technical data and records (subject to any contractual or other restrictions relating to the transfer of such data and records); and other files, documents and records that directly relate to the Property. (b) Assignor's interest, if any, in the assets described in subsection (a) is herein sometimes collectively called the "Assets." (c) Assignor excepts and reserves from this Assignment, and reserves unto itself, all of its right, title, and interest in and to the surface estate of the Property (to the extent of any surface estate interests not created by lease, easement, or right-of-way) and all rights of any nature whatsoever appurtenant or otherwise associated therewith, and such right, title, and interest does not constitute any part of the Assets; provided however, Assignor grants Assignee the right to use the surface of the Property for purposes reasonably necessary or incidental to oil and gas operations on the Property, but Assig...
Sample 1Sample 2
AutoNDA by SimpleDocs
Conveyance and Reservation. Assignor does hereby grant, bargain, sell, convey, and assign to Assignee as of the date hereof, subject to the terms and provisions of the Agreement, Assignor's right, title and interest in and to the following described property (collectively, the "Assigned Assets"): (a) An undivided fifty percent (50%) of Assignor's right, title and interest in and to Assignor's leasehold working interests in all: (i) oil and gas leases and any other mineral leases, and (ii) farmout agreements or other agreements but only insofar as (i) and (ii) are attributable to the real property described in Exhibit A (including any of Assignor's interest in any contiguous outside acreage of lands included, in part, within the real property described in Exhibit A). Such working interests are subject to and Assignee shall take such interests subject to all royalties, overriding royalties and other burdens on the Oil and Gas Properties. (b) An eighty percent (80%) (based on 100% working interest), net revenue interest in each leasehold interest that constitutes part of the Oil and Gas Properties; provided, however, if Assignor holds less than a 100% working interest in any particular lease then the net revenue interest as to such lease shall be proportionately reduced. Notwithstanding anything herein to the contrary, as to each leasehold interest that constitutes part of the Oil and Gas Properties, Assignor reserves unto itself and its successors and assigns an overriding royalty interest equal to the difference between: (i) twenty percent (20%) and (ii) the total amount of the royalty and overriding royalty interests that were a burden on said leasehold interest at the time acquired by Assignor; provided however, if Assignor acquired less than a 100% working interest in any particular lease, then the overriding royalty herein reserved by Assignor as to such particular lease shall be accordingly proportionately reduced. Consistent with, and by way of example but not limitation, if Assignor acquired only a fifty percent (50%) working interest in a lease and said interest entitled Assignor to a forty-four percent (44%) net revenue interest ("NRI") as to said lease, then with regard to the twenty-five percent (25%) working interest Assignee will acquire hereunder as to said lease, the NRI attributable to said 25% working interest will be only twenty percent (20%), and Assignor will reserve and own a two percent (2%) overriding royalty. Said 2% represents the difference between 22% (which...
Sample 1
Conveyance and Reservation. Assignor, for valuable consideration, the -------------------------- receipt and sufficiency of which are hereby acknowledged, by these presents does, effective as of the Effective Date, bargain, sell, grant, convey, transfer, assign, set over and deliver unto Assignee, the Net Profits Interest. TO HAVE AND TO HOLD the Net Profits Interest unto Assignee, its successors and assigns forever.
Sample 1

Related to Conveyance and Reservation

  • Exceptions and Reservations There are excepted and reserved from the demise in favour of the Lessor and all others now entitled or who may become entitled: - the free and uninterrupted passage and running of water sewage electricity telephone and other services or supplies from and to other parts of the Property and the Building in and through the Pipes which now are or may after the date of this Lease during the Term be in under or over the Premises; the right to construct and to maintain in on under or over the Premises at any time during the Term any Pipes for the benefit of any part of the land and the Building; the right at any time during the term and upon reasonable notice except in cases of emergency to enter the Premises: - to inspect the condition and state of repair of the Premises; to inspect cleanse connect or to repair remove replace with others alter or execute any works whatever to or in connection with the Pipes easements or services referred to in Clause 2.3 (a) and 2.3 (b); to view the state and condition of and repair and maintain the Premises and any other buildings erected on the land after the date of this Lease; to carry out work or do anything whatsoever comprised within the Lessor’s obligations within this Lease; to take schedules or inventories of fixtures fittings and other items to be yielded up on the expiry of the Term; to exercise any of the rights granted to the Lessor by this Lease; the right to erect scaffolding for the purpose of inspecting repairing or cleaning the Premises and the Building after the date of this Lease notwithstanding that such scaffolding may temporarily restrict the access to or use and enjoyment of the Premises; the rights of light air support shelter protection and all other easements and rights now or after the date of this Lease belonging to or enjoyed by other parts of the Premises and any adjoining property owned by or in the possession of the Lessor; and the right to reasonable access to the Premises for the purpose of cleaning and maintaining in good repair and condition the lifts (if any) that open into the Premises.

  • RESERVATIONS TO MANAGEMENT 6.01 The Union recognizes the right of the Employer to direct the workforce, to promote, demote, transfer or discharge. 6.02 The Union further recognizes the right of the Employer to operate and manage its business in all respects. 6.03 The Employer also reserves the right to supplement and alter, from time to time, reasonable rules and regulations to be observed by the employees. 6.04 Such management rights shall be exercised in a manner which shall not be inconsistent with the terms of the Agreement.

  • Margin of Preference and Reservations 32.1 A margin of preference may be allowed on locally manufactured goods only when the contract is open to international tendering, where the tender is likely to attract foreign goods and where the contract exceeds the threshold specified in the Regulations. 32.2 For purposes of granting a margin of preference on locally manufactured goods under international competitive tendering, a procuring entity shall not subject the items listed below to international tender and hence no margin of preference shall be allowed. The affected items are: a) motor vehicles, plant and equipment which are assembled in Kenya; b) furniture, textile, foodstuffs, oil and gas, information communication technology, steel, cement, leather agro-processing, sanitary products, and other goods made in Kenya; or c) goods manufactured, mined, extracted or grown in Kenya. 32.3 A margin of preference shall not be allowed unless it is specified so in the TDS.

  • Exclusions and Reservations A. Nothing in this Article will be construed as authorizing the Airline to conduct any business on the Airline Premises or elsewhere at the Airport separate and apart from the conduct of its permitted uses as authorized in this Agreement. B. The Airline will not interfere or permit interference with the use, operation, or maintenance of Airport, including but not limited to, the effectiveness or accessibility of the drainage, sewerage, water, communications, fire protection, utility, electric, or other systems installed or located at the Airport. C. The rights and privileges granted to the Airline pursuant to this Article will be subject to the Authority Rules and Regulations, as they may be amended from time to time. D. The Airline will not do or permit to be done anything, either by act or failure to act, that will cause the cancellation or violation of the provisions, or any part thereof, of any policy of insurance of the Authority, or that will cause a hazardous condition so as to increase the risks normally attendant upon operations permitted by this Agreement. If such act or failure to act on the part of the Airline will cause cancellation of any such policy, the Airline will immediately, upon notification by the Authority, take whatever steps or actions deemed necessary to cause reinstatement of said insurance. Furthermore, if the Airline does or permits to be done any act not expressly permitted under this Agreement, or fails to do any act required under this Agreement, regardless of whether such act constitutes a breach of this Agreement, that causes an increase in the Authority’s insurance premiums, the Airline will immediately remedy such actions and pay the increase in premiums, upon notice from the Authority to do so; but in any event, the Airline will hold the Authority harmless for any expenses and damage resulting from any action as set forth in this paragraph. E. Except as provided elsewhere in this Agreement, nothing in this Agreement will be construed as establishing exclusive rights, operational or otherwise, to the Airline. F. Any and all rights and privileges not specifically granted to the Airline for its use of and operations at the Airport pursuant to this Agreement are hereby reserved for and to Authority. G. Other than those areas used for the purpose of egress and ingress, all operations will be conducted on the Airline Premises.

  • Mineral Reserves and Resources The estimated proven and probable mineral reserves and estimated indicated, measured and inferred mineral resources disclosed in the Company Public Documents since December 31, 2006 have been prepared and disclosed in all material respects in accordance with accepted engineering practices and all applicable Laws. There has been no material reduction in the aggregate amount of estimated mineral reserves, estimated mineral resources or mineralized material of the Company and the Company Subsidiaries, taken as a whole, from the amounts disclosed in the Company Public Documents since December 31, 2006.

  • Transfer and Reassignment An academic staff member may, by agreement between the member and the University, be assigned to a new academic unit (Article 13.

  • Transfers and Reassignments Definitions

  • Reciprocal Easement Agreements (a) Neither Borrower, nor any other party is currently in default (nor has any notice been given or received with respect to an alleged or current default) under any of the terms and conditions of the REA, and the REA remains unmodified and in full force and effect; (b) All easements granted pursuant to the REA which were to have survived the site preparation and completion of construction (to the extent that the same has been completed), remain in full force and effect and have not been released, terminated, extinguished or discharged by agreement or otherwise; (c) All sums due and owing by Borrower to the other parties to the REA (or by the other parties to the REA to the Borrower) pursuant to the terms of the REA, including without limitation, all sums, charges, fees, assessments, costs, and expenses in connection with any taxes, site preparation and construction, non-shareholder contributions, and common area and other property management activities have been paid, are current, and no lien has attached on the Property (or threat thereof been made) for failure to pay any of the foregoing; (d) The terms, conditions, covenants, uses and restrictions contained in the REA do not conflict in any manner with any terms, conditions, covenants, uses and restrictions contained in any Lease or in any agreement between Borrower and occupant of any peripheral parcel, including without limitation, conditions and restrictions with respect to kiosk placement, tenant restrictions (type, location or exclusivity), sale of certain goods or services, and/or other use restrictions; and (e) The terms, conditions, covenants, uses and restrictions contained in each Lease do not conflict in any manner with any terms, conditions, covenants, uses and restrictions contained in the REA, any other Lease or in any agreement between Borrower and occupant of any peripheral parcel, including without limitation, conditions and restrictions with respect to kiosk placement, tenant restrictions (type, location or exclusivity), sale of certain goods or services, and/or other use restrictions.

  • Grant of Easements Provided no Event of Default has occurred and is continuing, Landlord will join in granting and, if necessary, modifying or abandoning such rights-of-way, easements and other interests as may be reasonably requested by Tenant for ingress and egress, and electric, telephone, gas, water, sewer and other utilities so long as: (a) the instrument creating, modifying or abandoning any such easement, right-of-way or other interest is satisfactory to and approved by Landlord (which approval shall not be unreasonably withheld, delayed or conditioned); (b) Landlord receives an Officer’s Certificate from Tenant stating (i) that such grant, modification or abandonment is not detrimental to the proper conduct of business on such Property, (ii) the consideration, if any, being paid for such grant, modification or abandonment (which consideration shall be paid by Tenant), (iii) that such grant, modification or abandonment does not impair the use or value of such Property for the Permitted Use, and (iv) that, for as long as this Agreement shall be in effect, Tenant will perform all obligations, if any, of Landlord under any such instrument; and (c) Landlord receives evidence satisfactory to Landlord that the Manager has granted its consent to such grant, modification or abandonment in accordance with the requirements of such Manager’s Management Agreement or that such consent is not required.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!