Dispositions of Petroleum and Natural Gas Rights. Notwithstanding anything in this Agreement, the Grantor, acting reasonably and in accordance with prudent oil and gas industry practices, shall be entitled to sell its interest in Petroleum and Natural Gas Rights comprised in the Properties, either by themselves or together with interests in related Tangibles and Miscellaneous Interests, and the Royalty Owner shall concurrently sell the portion of the Royalty that is calculated with reference to production from or otherwise relates to such interests, provided that each of the following criteria is satisfied with respect to such sale:
Appears in 4 contracts
Samples: Royalty Agreement, Royalty Agreement (Paramount Energy Trust), Royalty Agreement (Paramount Energy Trust)
Dispositions of Petroleum and Natural Gas Rights. Notwithstanding anything in this Agreement, The Grantor shall have the Grantor, acting reasonably right and in accordance with prudent oil and gas industry practices, shall be entitled permitted to sell its interest interests in Petroleum and Natural Gas Rights comprised in the Properties, either by themselves or together with interests in related Tangibles and Miscellaneous Interests, and the Royalty Owner shall concurrently sell the portion of Royalty to the Royalty that is calculated with reference to production from or otherwise extent it relates to such interests, provided that interests only if each of the following criteria is satisfied with respect to by such sale:
Appears in 2 contracts
Samples: Primewest Royalty Agreement (Primewest Energy Trust), Royalty Agreement (Primewest Energy Trust)
