Common use of Covenants Run with the Land Clause in Contracts

Covenants Run with the Land. 26.1 The covenants herein shall be construed to be covenants running with the land with respect to the interest of the parties hereto and their successors in interest until this Agreement terminates, and any grant, transfer, or conveyance, of interest in land or leases subject hereto shall be and hereby is conditioned upon the assumption of all privileges and obligations hereunder by the grantee, transferee, or other successor in interest. 26.2 No assignment or transfer of any Working Interest or other interest subject hereto shall be binding upon Unit Operator until the first day of the calendar month after Unit Operator is furnished with the original, photostatic, or certified copy of the instrument of transfer.

Appears in 3 contracts

Samples: Royalty Agreement, Geothermal Resource Leasing and Unit Agreements, Geothermal Resource Agreement

AutoNDA by SimpleDocs

Covenants Run with the Land. 26.1 22.1 The covenants herein shall be construed to be covenants running with the land with respect to the interest of the parties hereto and their successors in interest until this Agreement terminates, and any grant, transfer, or conveyance, conveyance of interest in land or leases subject hereto shall be and hereby is conditioned upon the assumption of all privileges and obligations hereunder by the grantee, transferee, or other successor in interest. 26.2 22.2 No assignment or transfer of any Working Interest working interest or other interest subject hereto shall be binding upon the Unit Operator until the first day of the calendar month after the Unit Operator is furnished with the original, photostatic, or certified copy of the instrument of transfer.

Appears in 2 contracts

Samples: Model Unit Agreement for Exploration, Development, and Production Units, Model Unit Agreement for Exploration, Development, and Production Units

Covenants Run with the Land. 26.1 19.1 The covenants herein shall be construed to be covenants running with the land with respect to the interest of the parties hereto in the unitized reservoir and their successors in interest until this Agreement terminates, and any grant, transfer, or conveyance, conveyance of interest in land or leases subject hereto shall be and hereby is conditioned upon the assumption of all privileges and obligations hereunder by the grantee, transferee, or other successor in interest. 26.2 19.2 No assignment or transfer of any Working Interest working interest or other interest subject hereto shall be binding upon the Unit Operator until the first day of the calendar month after the Unit Operator is furnished with the original, photostatic, or certified copy of the instrument of transfer.

Appears in 1 contract

Samples: Model Unit Agreement for Development and Production Units

Covenants Run with the Land. 26.1 The covenants herein shall be construed to be covenants running with the land with respect to the interest interests of the parties hereto and their successors in interest until this Agreement agreement terminates, and any grant, transfer, transfer or conveyance, conveyance of interest in land or leases subject hereto shall be and hereby is conditioned upon the assumption of all privileges and obligations hereunder by the grantee, transferee, or other successor in interest. 26.2 . No assignment or transfer of any Working Interest working interest, royalty, or other interest subject hereto shall be binding upon Unit Operator until the first day of the calendar month after Unit Operator is furnished with the original, photostatic, or certified copy of the instrument of transfer.

Appears in 1 contract

Samples: Unit Agreement

AutoNDA by SimpleDocs

Covenants Run with the Land. 26.1 The covenants herein shall be construed con- strued to be covenants running with the land with respect to the interest of the parties hereto and their successors in interest until this Agreement terminates, and any grant, transfer, or conveyance, of interest in land or leases subject hereto shall be and hereby is conditioned upon the assumption of all privileges and obligations hereunder by the grantee, transferee, or other successor in interestin- terest. 26.2 No assignment or transfer of any Working Interest or other interest subject hereto shall be binding upon Unit Operator until the first day of the calendar month after Unit Operator is furnished with the original, photostatic, or certified copy of the instrument of transfer.

Appears in 1 contract

Samples: Unit or Cooperative Agreement

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