Fossil Minerals Sample Clauses

Fossil Minerals. Subject to the terms of this Section 3.10, Fossil Owner shall retain and reserve for itself, and its permitted lessees hereunder, rights to any oil, gas, coal or other minerals located on or under the Fossil Land (collectively, the “Fossil Minerals”) and such reservation of rights shall be set forth in the Deed for the Fossil Real Property to be delivered at Closing (the “Fossil Minerals Reservation”). The Fossil Minerals Reservation shall provide the following: (i) Fossil Owner shall have all rights in and to the Fossil Minerals, except for and subject to prior existing rights in and to the Fossil Minerals, if any, and subject to the Buyer Participation, (ii) Fossil Owner and any assignee, transferor or lessee hereunder shall have no right of entry or access to or upon the surface of the Fossil Land for any purpose related to or in connection with the Fossil Minerals Reservation, including, without limitation, the conduct of any operations or activities such as seismic testing or other exploration for the Fossil Minerals, the drilling of any xxxxx or other production of the Fossil Minerals, or the storage of any property or equipment used in connection with any permitted subsurface drilling for exploration and production of the Fossil Minerals, (iii) Fossil Owner and any assignee, transferor or lessee shall be permitted to use the subsurface of the Fossil Land solely for the purpose of drilling from drill xxxxx located off the Fossil Land for exploration and production of the Fossil Minerals and for the extraction of Fossil Minerals, solely in accordance with all applicable rules, regulations and restrictions imposed by any Governmental Entity, but shall have no right to drill any well from the Fossil Land to other lands, (iv) any lease, contract or other agreement between Fossil Owner and any lessee, assignee or transferor shall include those restrictions set forth in this Section 3.10, and (v) Fossil Owner shall pay to Buyer fifty percent (50%) of the proceeds actually received by Fossil Owner from any sale, lease or other disposition of any of the Fossil Minerals or the right to explore for or produce the same, net of any reasonable expenses incurred by Fossil Owner in connection with the same (the “Buyer Participation”). Fossil Owner shall provide Buyer with copies of (a) any and all leases, contracts or other agreements, (b) financial statements or reports related to any sale, lease or other disposition of the Fossil Minerals, and (c) documentation i...
Sample 1
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Related to Fossil Minerals

  • Minerals The seller’s share of minerals (if any) will NOT transfer with the surface at closing.

  • Gas If Customer has selected a Gas Fixed Rate, Customer’s Price will be based on the Fixed Rate(s), plus the Administration Charge, set forth in the Application, which includes RITERATE ENERGY’s compressor fuel and transportation charges, administrative and transaction costs and the Gas Balancing Amount and any Regulatory Charges (defined below).

  • Pipelines Developer shall have no interest in the pipeline gathering system, which gathering system shall remain the sole property of Operator or its Affiliates and shall be maintained at their sole cost and expense.

  • Production Lessee shall, subject to applicable laws, regulations and orders, operate and produce all xxxxx upon the leased land so long as the same are capable of producing in paying quantities, and shall operate the same so as to produce at a rate commensurate with the rate of production of xxxxx on adjoining lands within the same field and within the limits of good engineering practice, except for such times as there exist neither market nor storage therefore, and except for such limitations on, or suspensions of, production as may be approved in writing by Lessor. Lessee shall be responsible for adequate site security on all producing properties.

  • Fuel The Vehicle must be returned with the amount of fuel equal to that at the time of the commencement of the rental. If the Vehicle is returned with less fuel, the difference will be charged to You at a rate of $5.00 per litre (which includes a service component).

  • MINES The Contractor represents and warrants that neither it, its parent entities (if any), nor any of the Contractor’s subsidiaries or affiliated entities (if any) is engaged in the sale or manufacture of anti-personnel mines or components utilized in the manufacture of anti-personnel mines.

  • Plant The expression ‘Plant’ as used in the tender papers shall mean every temporary accessory necessary or considered necessary by the Engineer to execute, construct, complete and maintain the work and all altered, modified, substituted and additional works ordered in the time and the manner herein provided and all temporary materials and special and other articles and appliance of every sort kind and description whatsoever intended or used therefore.

  • Conflict Minerals Seller shall, no later than thirty (30) days following each calendar year in which Seller has delivered any goods to Buyer, under this Contract or otherwise, complete and provide to Buyer a single and comprehensive Conflict Minerals Reporting Template, using the form found at xxxx://xxx.xxxxxxxxxxxxxxx.xxx. Seller shall perform appropriate due diligence on its supply chain in order to fulfill the reporting obligations of this Article.

  • Notice of Sales of Oil and Gas Properties In the event the Borrower or any Subsidiary intends to sell, transfer, assign or otherwise dispose of any Oil or Gas Properties or any Equity Interests in any Subsidiary in accordance with Section 9.12, prior written notice of such disposition, the price thereof and the anticipated date of closing and any other details thereof requested by the Administrative Agent or any Lender.

  • Natural Gas 21.1 Subject to Article 21.2, the Indian domestic market shall have the first call on the utilisation of Natural Gas discovered and produced from the Contract Area. Accordingly, any proposal by the Contractor relating to Discovery and production of Natural Gas from the Contract Area shall be made in the context of the Government's policy for the utilisation of Natural Gas and shall take into account the objectives of the Government to develop its resources in the most efficient manner and to promote conservation measures. 21.2 The Contractor shall have the right to use Natural Gas produced from the Contract Area for the purpose of Petroleum Operations including reinjection for pressure maintenance in Oil Fields, gas lifting and captive power generation required for Petroleum Operations. 21.3 For the purpose of sales in the domestic market pursuant to this Article 21, the Contractor shall have freedom to market the Gas and sell its entitlement.

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