Farmout Agreement. Except as modified by the terms of this Agreement, the Terms and conditions of the Farmout Agreement together with its operating provisions shall control the operation of the parties and shall be deemed to be incorporated herein.
Farmout Agreement. Borrower shall cause the “Farmor” under the Farmout Agreement to deliver to Borrower each assignment earned under the Farmout Agreement in recordable form in the time and manner provided for in the Farmout Agreement, but in no event later than 45 days after such assignment has been earned under the Farmout Agreement. Contemporaneously with the receipt of any such assignment, Borrower shall notify Administrative Agent of its receipt thereof and cause such assignment to be duly and properly recorded and the interests subject of such assignment to be subject to Lender Liens pursuant to documentation in form and substance satisfactory to Administrative Agent.
Farmout Agreement. For each well drilled in which the Farmee is entitled, and elects, to participate, API Canada and the Farmee shall enter into a farmout agreement in the form to be agreed between the parties.
Farmout Agreement. This Agreement is expressly subject to the Farmout Agreement. If there is any conflict between the terms of this Agreement and the Farmout Agreement, the Farmout Agreement shall control. (See attached Exhibit B)
Farmout Agreement. The consent required from ConocoPhillips Company under the Farmout Agreement shall have been obtained.
Farmout Agreement. The Farmout Agreement is valid and in existence.
Farmout Agreement. Seller is not in material breach of the Farmout Agreement and, to Seller’s Knowledge, no other party to the Farmout Agreement is in breach thereof. Seller has not received any written notice alleging default or termination by Seller and, to Seller’s Knowledge, the Farmout Agreement is in full force and effect in accordance with its terms. Seller has made available to Buyer a true, correct and complete copy of the Farmout Agreement and all amendments thereto. The first Initial Earning Well (as defined in the Farmout Agreement) (i) was drilled, tested, completed, Equipped (as defined in the Farmout Agreement) and was producing in accordance with the terms of the Farmout Agreement on or before July 30, 2016, (ii) is currently producing in paying quantities, and (iii) has a lateral length of not less than 3,600 feet. The remaining five Initial Earning Xxxxx have been drilled to Contract Depth (as defined in the Farmout Agreement) in accordance with the Farmout Agreement and each has a lateral length of not less than 3,600 feet. Further, Exhibit 4.1(g) sets forth a full and complete list of elections made by Conoco as of the Execution Date with respect to their participation in any Xxxxx drilled or completed under the Farmout Agreement.
Farmout Agreement. This Agreement is entered into pursuant to and in connection with that certain Farmout Agreement entered into or proposed to be entered into by and among the Company and the other parties named therein (the "Farmout Agreement") relating to certain oil and gas leases covering approximately 100,000 acres of land in Niobrara, Weston and Converse Counties in the State of Wyoming. The Closing of this Agreement and the obligations of the Company to sell, and of the Purchaser to purchase, the Shares are expressly conditioned upon the satisfaction or waiver, as described above, of the following conditions: (i) the execution and delivery in form acceptable to the Company of the Farmout Agreement by all parties thereto and the effectiveness thereof and ( ii) the approval by the Bureau of Land Management of the "Timber Draw Unit" as described in the Farmout Agreement.
Farmout Agreement. Without limiting the generality of the other terms and provisions of this Agreement, (a) the Conveyance is being executed and delivered expressly subject to the terms and provisions of the Farmout Agreement, and (b) Buyer expressly agrees to be bound by the terms of the Farmout Agreement and any applicable Operating Agreement (as defined in the Farmout Agreement). Further, between the Execution Date and the Closing Date, Buyer shall comply with the provisions set forth in Article 37 of the Farmout Agreement; provided, however, that nothing contained in this Section 10.4 shall be construed to require Buyer to obtain approval of the Seller or the counterparty to the Farmout Agreement to disclose information with respect to this Agreement or the transaction represented herein (including the names of the parties to this Agreement) to the extent, and then only to the extent, required by applicable Law or necessary to comply with disclosure requirements of the SEC, New York Stock Exchange, or any other regulated stock exchange; provided, further, however, that Buyer shall consult with Seller regarding (and shall allow Seller to review and provide comments to) any such required disclosure prior to disclosure to any Third Party and shall use commercially reasonably efforts to obtain any consent or approval necessary from any Third Parties in connection therewith.
