EXCLUDED LANDS Sample Clauses

EXCLUDED LANDS. Notwithstanding anything contained in this Agreement -------------- to the contrary, Excluded Lands are specifically excluded from the terms of this Agreement. "Excluded Lands" shall mean the following Petroleum and Natural Gas Rights, lands, tangibles, and associated interests of CamWest and its Affiliates to the extent such property rights are not acquired as the result of SFD Data, SFD Information, and SFD Anomalies (the "Excluded Lands"):
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EXCLUDED LANDS. The Purchaser acknowledges that subdivision and/or survey plans for the lands comprising the Excluded Assets referred to in items 2 to 4 inclusive of Schedule D will not be completed before the Closing. The Purchaser covenants and agrees to cooperate with the Vendor so as to assist the Vendor in completing the same as soon as possible following the Closing and to forthwith execute and deliver all such documents and do such acts and things as may be necessary to convey title to such Excluded Assets to the Vendor. Until title to such Excluded Assets has been transferred to the Vendor, the Purchaser shall hold all of its right, title and interest in such Excluded Assets in trust for the Vendor. The Vendor shall be responsible for all costs associated with the subdivision and/or survey plans and the said lands shall remain at the sole risk of the Vendor. The Vendor shall pay to the Purchaser any costs associated with the holding of the said lands in trust for the Vendor, including without limitation, the Vendor's proportionate share of real property taxes.
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EXCLUDED LANDS. Lands included in the Contract Area which, as of the date of this Agreement, are subject to Existing Agreements, insofar as to the formations covered by such Existing Agreements, shall not be Subject Lands and shall be excluded from the provisions of the Agreement ("Excluded Lands"). The Excluded Lands are described in Exhibit "D-1", attached hereto and made a part hereof. As used in this Agreement, "
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Related to EXCLUDED LANDS

  • Excluded Property Notwithstanding anything to the contrary in Section 2.1, the property, assets, rights and interests set forth in this Section 2.2 (the “Excluded Property”) are excluded from the Property:

  • Excluded Assets Notwithstanding the foregoing, the Purchased Assets shall not include the following assets (collectively, the “Excluded Assets”):

  • Included Assets The Assets referred to in Section 1.1(a)(ii) shall include, without limitation, the following assets, properties and rights of Seller used directly or indirectly in the conduct of, or generated by or constituting, the Business, except as otherwise expressly set forth in this Agreement:

  • After Acquired Real Property Upon the acquisition by it or any of its Domestic Subsidiaries that is a Loan Party after the date hereof of any Material Real Estate Asset (each such interest being an “After Acquired Property”), as soon as reasonably practicable so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property after taking into account any liabilities with respect thereto that impact such fair market value. The Collateral Agent shall notify such Loan Party within ten (10) Business Days of receipt of notice from the Administrative Borrower whether it intends to require any of the Real Property Deliverables referred to below. Upon receipt of such notice, the Loan Party that has acquired such After Acquired Property shall furnish to the Collateral Agent as promptly as reasonably practicable the following, each in form and substance reasonably satisfactory to the Collateral Agent: (i) a Mortgage with respect to such real property and related assets located at the After Acquired Property, duly executed by such Loan Party and in recordable form; (ii) evidence of the recording of the Mortgage referred to in clause (i) above in such office or offices as may be necessary or, in the opinion of the Collateral Agent, desirable to create and perfect a valid and enforceable first priority lien on the After Acquired Property purported to be covered thereby (subject to Permitted Liens) or to otherwise protect the rights of the Agents and the Lenders thereunder, (iii) a Title Insurance Policy, (iv) a survey of such real property, certified to the Collateral Agent and to the issuer of the Title Insurance Policy by a licensed professional surveyor reasonably satisfactory to the Collateral Agent, provided that an existing survey shall be acceptable if sufficient for the applicable title insurance company to remove the standard survey exception and issue survey-related endorsements, (v) if requested, Phase I Environmental Site Assessments with respect to such real property, certified to the Collateral Agent by a company reasonably satisfactory to the Collateral Agent, and (vi) such other documents reasonable and customary or instruments (including guarantees and enforceability opinions of counsel) as the Collateral Agent may reasonably require (clauses (i)-(vi), collectively, the “Real Property Deliverables”). The Borrowers shall pay all reasonable and documented out-of-pocket fees and expenses, including reasonable and documented out-of-pocket fees and expenses of one outside counsel and one local counsel in each relevant jurisdiction, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(o).

  • Excluded Liabilities Buyer shall not assume and shall not be responsible to pay, perform or discharge any of the following liabilities or obligations of Seller (collectively, the “Excluded Liabilities”):

  • Borrowing Base Properties (a) Except where the failure to comply with any of the following would not have a Material Adverse Effect, each of Parent and Borrower shall, and shall use commercially reasonable efforts to cause each other Loan Party or the applicable tenant, to:

  • Owned and Leased Real Properties (a) Neither Public Company nor any of its Subsidiaries owns or has ever owned any real property.

  • Retained Assets (a) Notwithstanding Section 2.1(a), all of Seller's right, title and interest in the following properties, assets and rights shall be excluded from the Assets (collectively, the "Retained Assets"):

  • Net Tangible Assets Acquiror shall have at least five million one dollars ($5,000,001) of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) remaining after the Offer.

  • Excluded Contracts All of Seller's right, title and interest in, to and under the Contracts listed on Schedule 1.2(b) attached hereto (the "Excluded Contracts");

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