First Lien in Favor of the Operator Sample Clauses

First Lien in Favor of the Operator. Each Non‑Operating Party hereby grants to the Operator a lien upon all of its rights, titles, and interests in and to (a) the Leases, (b) the oil and gas in, on, under, and that may be produced from the lands within the Contract Area, including, without limitation, all contractual rights, operating rights, leasehold interests, working interests, royalty interests, overriding royalty interests, non-participating royalty interests, mineral interests, production payments, net profits interests, or any other interest measured by or payable out of production of Hydrocarbons (as such interests may be enlarged by the discharge of any payments out of production or by the removal of any charges or encumbrances), (c) any rights-of-way or other documents described in Exhibit “A” and all renewals and extensions thereof and all new oil and gas leases, rights-of-way, or other documents (I) in which it acquires an interest after the termination or expiration of any Leases, right-of-way, or other document described in Exhibit “A,” and (II) that cover all or any part of the property described in and covered by such terminated or expired Leases, right-of-way, or other document, to the extent and only to the extent, such new oil and gas leases, rights-of-way, or other documents may cover such property, (d) all fixtures on or used or obtained for use in connection with the Leases or the Contract Area, and (e) all other real property susceptible of the lien granted hereby situated within the Contract Area. This lien is given to secure the complete and timely performance of and payment by each Non-Operating Party of all obligations and indebtedness of every kind or nature, whether now owed by such Non-Operating Party or hereafter arising, pursuant to this Agreement. To the extent susceptible under applicable law, the liens and security interests granted in favor of the Operator herein shall secure the payment of all Costs and other expenses properly charged to such Party, together with (A) interest on such indebtedness, Costs, and other expenses at the rate set forth in Exhibit “C” attached hereto (the “Accounting Procedure”) or the maximum rate allowed by law, whichever is the lesser, (B) reasonable attorneys' fees, (C) court costs, and (D) other directly related collection costs. If any Non-Operating Party does not pay such Costs and other expenses or perform its obligations under this Agreement when due, the Operator shall have the additional right to notify the purchaser or...