GRANT OF OVERRIDING ROYALTY Sample Clauses

GRANT OF OVERRIDING ROYALTY. Grantor hereby grants to the Royalty Owner an interest in respect of the Petroleum Substances within, upon or under the Royalty Lands equal to one (1%) percent of the gross monthly production produced from the Royalty Lands.
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GRANT OF OVERRIDING ROYALTY. GRANTEE does hereby GRANT, ASSIGN, TRANSFER, and SET OVER to GRANTOR free and clear of all costs, expenses, liens, and encumbrances created by GRANTEE, its parent and/or its affiliates, an overriding royalty interest in and to the fee, leased, and subleased coal, in place, having been conveyed, leased, and subleased to GRANTEE under the instruments cited in the recitals herein above (herein the “Coal”). GRANTEE covenants and agrees that after the mining by GRANTEE and its successors and assigns of Coal from the Property as depicted on the maps and the descriptions on the attached Addendum 1 (hereinafter the “Property”), GRANTEE, its successors and assigns, shall pay to GRANTOR, its successors and assigns, when such payments are due without the necessity of prior demand:
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GRANT OF OVERRIDING ROYALTY. Grantor hereby irrevocably grants, assigns and sets over to Grantee an overriding royalty of 0.4% of all Petroleum that is produced, saved and marketed from the Well, limited to production of Petroleum from the weilbore of the Well and not including any production of Petroleum from any other well located within the Area attributable to Grantor's ownership of rights in any such well in the event of any unitization or pooling of Grantor's interests that may hereafter occur (the "Royalty"), free and clear of all costs of every kind and nature incurred in connection with exploration, production and delivery to shore of such Petroleum, but subject to its proportionate share of all taxes assessed in or measured by production. The Royalty is a royalty on the value of the production at the point where first metered on shore, free and clear of all costs expended to deliver the production to such onshore meter. The Grantor may use Petroleum produced from the Well in connection with operating, development or production operations with respect to the Well and the Grantee shall own no Royalty hereunder in the Petroleum so used or unavoidable lost; and no Royalty shall be paid upon Petroleum used in repressuring or recycling operations or pressure maintenance operations benefitting the Area or the License. The Royalty is payable out of and only out of Petroleum produced, saved and marketed, pursuant to terms and provisions of the License, and is expressly subject thereto and to any applicable law, regulation, order or other provision of governmental authority of the State of Israel having jurisdiction over the License.
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GRANT OF OVERRIDING ROYALTY. (a) Grantor hereby grants to the Grantee an interest in respect of the Petroleum Substances within, upon or under the Royalty Lands to be quantified as 1 % of the gross monthly production of all Petroleum Substances produced or deemed to be produced from or allocated to each Well and marketed.
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GRANT OF OVERRIDING ROYALTY. AOL hereby grants to FRO a Gross Over-Riding Royalty in the PNG Interest in [**********] for the Formation(s) that are excavated using Terra Slicing™ technology, in an amount equal to [**********], which shall not be subject to any royalties, burdeu, encumbrances, costs or other deductions whatsoever, payable in respect of the Royalty Lands or Petroleum Substances derived therefrom, subject only to governmental or other regulatory taxes, olevies, or fees (hereinafter "Royalty"). FRO shall record and register such Royalty in the RM recorder's office where the Royalty Lands are located. It is up to FRO to register the caveat on the title document.
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GRANT OF OVERRIDING ROYALTY. Immediately following the signing of this Agreement, MCNIC (which will then be the sole member of CAR) will cause CAR to grant and assign to CAC and its successors and assigns a one percent (1%) non-cost bearing, overriding royalty interest in the sales proceeds received by CAR or its successors and assigns from any product produced from the lands known as "Tract A" of CAR (i) that are either currently leased by CAR or (ii) that are currently leased by one of the other Crown Parties, where the lease is one that will be assigned to CAR upon the signing of this Agreement pursuant to Paragraph 2 above and a three percent (3%) non-cost bearing, overriding royalty interest in the sales proceeds received by CAR or its successors and assigns from any products produced from any other lands (i) that are either currently leased by CAR or (ii) that are currently leased by one of the other Crown Parties, where the lease is one that will be assigned to CAR upon the signing of this Agreement pursuant to Paragraph 2 above. The Parties acknowledge and agree that no overriding royalties shall be due and payable on any raw tar sands or products that are removed from the specified lands by a lessor or its assigns unless CAR or any successor or assign receives any net proceeds (i.e., compensation in excess of all associated costs, including overhead) as a result of such removal, in which case the applicable overriding royalty will be paid only on the net proceeds. No amendment, modification to, or transfer of interests in any lease or agreement for "Tract A" or other lands shall serve to extinguish or eliminate these overriding royalty interests. CAR and MCNIC agree to cause the necessary documentation evidencing the granting of the overriding royalty interests to be prepared and executed in such a manner as to allow the documentation to be recorded with the County Recorder's Office of Uintah County, Utah. In the event any lease or agreement relating to any lands covered by these overriding royalty interests terminates or expires, then such overriding royalty interest expires, provided, however, that if any such lease or agreement is subsequently renewed by MCNIC or CAR, or any related entity or successor in interest to MCNIC or CAR, within one (1) year of such expiration or termination, the respective overriding royalty interest will be granted and assigned by CAR or its successor or assigns to CAC or its successors and assigns in all such renewal leases or agreements. The C...
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GRANT OF OVERRIDING ROYALTY. Royalty Payor hereby grants and sets over to Royalty Owner, and Royalty Owner hereby acquires from Royalty Payor, the Overriding Royalty, payable in accordance with Section 2.4(a) on the Royalty Payor’s Working Interest in the Petroleum Substances in situ, produced, or deemed to be produced, sold and marketed from the Royalty Lands.
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Related to GRANT OF OVERRIDING ROYALTY

  • Grant of Lease Landlord does hereby lease unto Tenant, and Xxxxxx does hereby rent from Landlord, solely for use as a personal residence, excluding all other uses, the personal residence located in USA, GA, with address of: 0000 Xxxxxxxx Xxxxxxx XX, #X, Xxxxxxxx, XX, XXX Heirs And Assigns It is agreed and understood that all covenants of this lease shall succeed to and be binding upon the respective heirs, executors, administrators, successors and, except as provided herein, assigns of the parties hereto, but nothing contained herein shall be construed so as to allow the Tenant to transfer or assign this lease in violation of any term here of.

  • Grant of Contract Right In connection with each sale of Additional Loans, VG Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Original SLM ECFC Purchase Agreement, including all rights of VG Funding to proceed against SLM ECFC with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Loans.

  • Lease Grant The Premises are hereby leased to Tenant from Landlord, together with the right to use any portions of the Property that are designated by Landlord for the common use of tenants and others (the “Common Areas”).

  • GRANT OF LICENCE 2.1 XXXXX, subject to the Licensee complying with the terms of the Agreement, grants the Licensee a Licence to Perform, or permit to be performed, any of the Works of Music for the time being in XXXXX’s Repertoire, at the Premises.

  • Grant of Rights The Company hereby grants registration rights to the Designated Holders upon the terms and conditions set forth in this Agreement.

  • Sublicense Grant Licensee will be entitled to grant Sublicenses to third parties under the license granted pursuant to Section 2.1 subject to the terms of this Section 2.3. Any such Sublicense shall be on terms and conditions in compliance with and not inconsistent with the terms of this Agreement. The grant of a Sublicense shall not in any way diminish or alter Licensee’s obligations under this Agreement.

  • Assignment of Leases, Rents and Profits There exists as part of the related Mortgage File an Assignment of Leases, Rents and Profits (either as a separate instrument or incorporated into the related Mortgage). Subject to the Permitted Encumbrances and the Title Exceptions (and, in the case of a Mortgage Loan that is part of a Whole Loan, subject to the related Assignment of Leases, Rents and Profits constituting security for the entire Whole Loan), each related Assignment of Leases, Rents and Profits creates a valid first-priority collateral assignment of, or a valid first-priority lien or security interest in, rents and certain rights under the related lease or leases, subject only to a license granted to the related Borrower to exercise certain rights and to perform certain obligations of the lessor under such lease or leases, including the right to operate the related leased property, except as the enforcement thereof may be limited by the Standard Qualifications. The related Mortgage or related Assignment of Leases, Rents and Profits, subject to applicable law, provides that, upon an event of default under the Mortgage Loan, a receiver is permitted to be appointed for the collection of rents or for the related mortgagee to enter into possession to collect the rents or for rents to be paid directly to the mortgagee.

  • Grant of Sublicense Subject to the terms and conditions of this Agreement, Adviser hereby grants to the Trust a non-transferable sublicense to use the Index (and associated data and information) listed on Exhibit A in the manner set forth in, and subject to the terms of, the License Agreement.

  • Grant of License During the term of this Contract:

  • Grant of Right In addition to the demand right of registration described in Section 5.1 hereof, the Holder shall have the right, for a period of no more than two (2) years from the Initial Exercise Date in accordance with FINRA Rule 5110(g)(8)(D), to include the Registrable Securities as part of any other registration of securities filed by the Company (other than in connection with a transaction contemplated by Rule 145(a) promulgated under the Securities Act or pursuant to Form S-8 or any equivalent form); provided, however, that if, solely in connection with any primary underwritten public offering for the account of the Company, the managing underwriter(s) thereof shall, in its reasonable discretion, impose a limitation on the number of Shares which may be included in the Registration Statement because, in such underwriter(s)’ judgment, marketing or other factors dictate such limitation is necessary to facilitate public distribution, then the Company shall be obligated to include in such Registration Statement only such limited portion of the Registrable Securities with respect to which the Holder requested inclusion hereunder as the underwriter shall reasonably permit. Any exclusion of Registrable Securities shall be made pro rata among the Holders seeking to include Registrable Securities in proportion to the number of Registrable Securities sought to be included by such Holders; provided, however, that the Company shall not exclude any Registrable Securities unless the Company has first excluded all outstanding securities, the holders of which are not entitled to inclusion of such securities in such Registration Statement or are not entitled to pro rata inclusion with the Registrable Securities.

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