Grant of Overriding Royalty Interest Sample Clauses

Grant of Overriding Royalty Interest. Promptly after the Effective Date, Grantor will cause a Recordable Conveyance to be filed of record in all appropriate records of the Minerals Management Service and in the counties and parishes adjacent to where the Existing Subject Interests are located and the Overriding Royalty Percentage as such term is used in the Recordable Conveyance, with respect to each of the Existing Subject Interests shall equal the amount for such property as set forth on Exhibit C. From time to time during the Grant Period, as Grantor or its Affiliates enter into any additional Leases related to the Subject Interest, Grantor will cause a Recordable Conveyance to be filed of record in all appropriate records of the Minerals Management Service and in the counties or parishes adjacent to where such Subject Interests are located. The Overriding Royalty Percentage as such term is used in the Recordable Conveyance, with respect to each Lease within the Subject Interest, shall be determined with respect to each such Lease as set forth in Section 2.2 below.
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Grant of Overriding Royalty Interest. For and in consideration of Ten Dollars ($10.00) and other good and valuable consideration to it paid by Grantee, the receipt and sufficiency of which are hereby acknowledged, Grantor has bargained, sold, conveyed, transferred, assigned and delivered, and by these presents does hereby bargain, sell, convey, transfer, assign and deliver unto Grantee, a royalty interest comprised of the Overriding Royalty Interest in and to the Oil, Gas, Gas Liquids and other hydrocarbons in and under and that may be produced and saved from the Subject Leases.
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Grant of Overriding Royalty Interest. Assignor hereby grants, bargains, sells, assigns, conveys, transfers and sets over to Assignee, effective as of the Effective Date, an interest for Assignee more specifically described in Section 4 (each such interest is an “Overriding Royalty Interest” and collectively, the “Overriding Royalty Interests”) in and to the Subject Hydrocarbons (hereinafter defined) produced and saved from the oil and gas leases (collectively, “Leases” and individually, a “Lease”) described in or referred to in Exhibit A attached hereto and made a part hereof for all purposes (such interests and properties collectively called the “Subject Interests”). TO HAVE AND TO HOLD the Overriding Royalty Interests, together with all and singular, all rights, privileges, options, hereditaments, and appurtenances pertaining to the Overriding Royalty Interests in anywise belonging, unto Assignee, and its respective successors and assigns forever, subject to the terms, conditions, exceptions, reservations, covenants, and agreements herein set forth.
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Grant of Overriding Royalty Interest. (a) The Sellers, collectively, will be granted an overriding royalty interest (“ORRI”) on each lease owned by the Company on the Closing Date and on each lease acquired pursuant to the Samson PSA, equal to the difference between a 75% net revenue interest (“NRI”) (on an 8/8ths basis) and the current NRI, not to exceed 3%. No ORRI shall be granted on any lease subject to this paragraph 2.4(a) if said lease and any burdens causes said lease to deliver an NRI of 75% or less on an 8/8ths basis. For any leases in which the Company has less than a 100% working interest, the ORRI granted shall be proportionally reduced based on the percentage of working interest owned by the Company.
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Grant of Overriding Royalty Interest. Assignor hereby grants, bargains, sells, assigns, conveys, transfers and sets over to Assignee, effective as of the Effective Date (defined below), an interest more specifically described in Section 4 (herein called the "Overriding Royalty Interest") in and to the Subject Hydrocarbons (hereinafter defined) produced and saved from the oil and gas leases (collectively, "Leases" and individually, a "Lease"), interests, estates and properties described in or referred to in Exhibit A attached hereto and made a part hereof for all purposes (such interests and properties collectively called the "Subject Interests"). TO HAVE AND TO HOLD the Overriding Royalty Interest, together with all and singular, all rights, privileges, options, hereditaments, and appurtenances thereto in anywise belonging, unto Assignee, its successors and assigns forever, subject to the terms, conditions, exceptions, reservations, covenants, and agreements herein set forth. (b) "Subject Interests" Defined. In addition to the specific interests described in Exhibit A, the Subject Interests also include (i) all interests in the properties described in Exhibit A, which are now held by Assignor; (ii) all interests which are acquired by Assignor in the Leases or the servitudes or other interests in the lands affected by the Leases after the date of execution of this Override; (iii) all extensions, renewals or replacements of any Leases described in Exhibit A affecting any portion of the lands covered by the Leases which are obtained by Assignor within one (1) year following the termination or expiration of a particular Lease; and (iv) all of the interests, property and rights described in the preceding clauses (i), (ii) and (iii):
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Grant of Overriding Royalty Interest 
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Related to Grant of Overriding Royalty Interest

  • Production Royalty The amount of the Royalty shall be determined at the end of each month after the Effective Date. The Royalty shall be determined monthly on the basis such that payments will be determined as of and paid within thirty (30) days after the last day of each month during which Lessee produces any Geothermal Resources. The Royalty rates shall be determined as follows:

  • Running Royalties Company shall pay to JHU a running royalty as set forth in Exhibit A, for each LICENSED PRODUCT(S) sold, and for each LICENSED SERVICE(S) provided, by Company or AFFILIATED COMPANIES, based on NET SALES and NET SERVICE REVENUES for the term of this Agreement. Such payments shall be made quarterly. All non-US taxes related to LICENSED PRODUCT(S) or LICENSED SERVICE(S) sold under this Agreement shall be paid by Company and shall not be deducted from royalty or other payments due to JHU. In order to insure JHU the full royalty payments contemplated hereunder, Company agrees that in the event any LICENSED PRODUCT(S) shall be sold to an AFFILIATED COMPANY or SUBLICENSEE(S) or to a corporation, firm or association with which Company shall have any agreement, understanding or arrangement with respect to consideration (such as, among other things, an option to purchase stock or actual stock ownership, or an arrangement involving division of profits or special rebates or allowances) the royalties to be paid hereunder for such LICENSED PRODUCT(S) shall be based upon the greater of: 1) the net selling price (per NET SALES) at which the purchaser of LICENSED PRODUCT(S) resells such product to the end user, 2) the NET SERVICE REVENUES received from using the LICENSED PRODUCT(S) in providing a service, or 3) the net selling price (per NET SALES) of LICENSED PRODUCT(S) paid by the purchaser. No multiple royalties shall be due or payable because any LICENSED PRODUCT(S) or LICENSED SERVICE(S) is covered by more than one claim of the PATENT RIGHTS or by claims of both the PATENT RIGHTS under this Agreement and “PATENT RIGHTS” under any other license agreement between Company and JHU. The royalty shall not be cumulative based on the number of patents or claims covering a product or service, but rather shall be capped at the rate set forth in Exhibit A.

  • Royalty 8.1 In consideration of the rights granted under clause 2, the Licensee shall pay to the Licensor royalties, on each twelve month time period, first calculated from the date of execution of this Agreement, and calculated on a scale as follows:

  • Payment of Royalty If the Optionor and Optionee have formed the Joint Venture under Article 4.1 hereof, then until either the Optionee or Optionor ceases to have any interest in the Joint Venture and the Property, the Optionee and Optionor shall pay their proportionate shares(based on their respective undivided interests in the Joint Venture) of any royalty payable to any governmental body.

  • Know-How Royalty Notwithstanding the provisions of Section 5.4.1(a), in countries where the sale of Product by Merck or its Related Parties would not infringe a Valid Patent Claim, Merck shall pay royalty rates that shall be set at [***] of the applicable royalty rate determined according to Section 5.4.1(a). Such royalties shall be calculated after first calculating royalties under Section 5.4.1(a).

  • One Royalty No more than one royalty payment shall be due with respect to a sale of a particular Licensed Product. No multiple royalties shall be payable because any Licensed Product, or its manufacture, sale or use is covered by more than one Valid Claim.

  • Royalty Payments (i) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate.

  • Payment of Royalties To the best of Seller’s knowledge, all royalties and in-lieu royalties with respect to the Assets which accrued or are attributable to the period prior to the Effective Time have been properly and fully paid, or are included within the suspense amounts being conveyed to Buyer pursuant to Section 11.4.

  • Sublicensing Rights Novartis and its Affiliates may grant sublicenses of the license granted in Section 5.3.1(a), Section 5.3.2, and Section 5.3.3, and Intellia and its Affiliates may grant sublicenses of the license granted in Section 5.3.1(b), provided that (a) such sublicense (i) is in writing, (ii) is subject and subordinate to, and consistent with, the terms and conditions of this Agreement, and (iii) requires the applicable sublicensee to comply with all applicable terms of this Agreement [***]; (b) with respect to Novartis or any of its Affiliates as the sublicensing Party to the extent required by the Key License Agreements as in effect on the Effective Date or the agreements for any Included Intellia New In-Licensed Intellectual Property, Novartis promptly notifies Intellia of the grant of each sublicense and provides Intellia a copy of the final executed sublicense agreement, redacted for information not pertinent to this Agreement to the extent that such redactions do not reasonably impair Intellia’s ability to ensure compliance with this Agreement, the Key License Agreements or agreements for any Included Intellia New In-Licensed Intellectual Property, as applicable, (c) Novartis or Intellia, as applicable, shall be responsible for the failure by its sublicensees to comply with, and Novartis or Intellia, as applicable, guarantees the compliance by each of its sublicensees with, all relevant restrictions, limitations and obligations in this Agreement, and [***]. CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.

  • 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.

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