Granting and Habendum Clause Samples
The Granting and Habendum clause defines the rights and interests being transferred from the grantor to the grantee in a deed or lease. It specifies exactly what is being granted—such as land, mineral rights, or other property interests—and clarifies the duration and extent of those rights, for example, whether the interest is for a fixed term, for life, or in perpetuity. This clause ensures both parties understand the nature and scope of the rights conveyed, thereby preventing disputes over ownership or usage in the future.
Granting and Habendum. For Ten Dollars ($10.00) and other good and valuable consideration, the receipt, and sufficiency of which are hereby acknowledged, Assignor does hereby grant, bargain, sell, transfer, convey, set over, assign and deliver unto Assignee, its successors and assigns, effective for all purposes as of the Effective Time and subject to the matters set forth herein, the Assets. The term “
Granting and Habendum. For Ten Dollars ($10.00) and other good and valuable consideration, the receipt, and sufficiency of which are hereby acknowledged, Assignor does hereby grant, bargain, sell, transfer, convey, set over, assign and deliver unto Assignee, its successors and assigns, effective for all purposes as of the Effective Time and subject to the matters set forth in this Assignment, the Assets. The term "Assets" (or in the singular "Asset") means all of Assignor's right, title and interest in and to the following, less and except the Excluded Assets (as defined below):
(a) the oil, gas and/or mineral leases described in Exhibit A attached hereto, together with all amendments, supplements, renewals, extensions or ratifications thereof, insofar and only insofar as said leases cover the lands and depths described in Exhibit A attached hereto (collectively, the "Leases"), and all oil, gas and/or mineral leasehold interests, reversionary, back-in, net profits, carried, convertible, non-consent and overriding royalty interests, operating rights, record title and other similar interests in the Leases (collectively, the "Subject Interests" or, singularly, a "Subject Interest");
(b) except to the extent as may be limited by the Subject Interests or to the extent used or held in connection with the Excluded Assets, all rights, privileges, benefits and powers conferred upon Assignor, as holder of the Subject Interests, with respect to (i) all rights of use and occupation of the surface of and the subsurface depths under the Subject Interests, and (ii) all rights with respect to any pooled, communitized or unitized acreage by virtue of any Subject Interest being a part thereof, including all Hydrocarbon (as defined below) production after the Effective Time attributable to the Subject Interests or any such pool or unit allocated to any such Subject Interest;
(c) to the extent assignable or transferable by Assignor, all easements, rights-of-way, surface leases, servitudes, permits, licenses, franchises and other estates or similar rights and privileges directly related to and to the extent used in connection with the Subject Interests, including, without limitation, those described or referred to in Exhibit A-1 attached hereto (the "Easements");
Granting and Habendum. For Ten Dollars ($10.00) and other good and valuable consideration, the receipt, and sufficiency of which are hereby acknowledged, Assignor does hereby grant, bargain, sell, transfer, convey, set over, assign and deliver unto Assignee, its successors and assigns, effective for all purposes as of the Effective Time and subject to the matters set forth herein, the working interests and net revenue interests set forth in Exhibit B in the oil and gas leases set forth in Exhibit A and the working interest set forth in Exhibit B in the rights, personal property and fixtures associated with the oil and gas leases as set forth below. The term “
Granting and Habendum. For Ten Dollars ($10.00) and other good and valuable consideration, the receipt, and sufficiency of which are hereby acknowledged, Assignor does hereby grant, bargain, sell, transfer, convey, set over, assign and deliver unto Assignee, its successors and assigns, effective for all purposes as of the Effective Time and subject to the matters set forth herein, an undivided 75% interest in the Assets, from the surface to a drill depth of 7,500 feet, and an undivided 18.75% interest in the Assets, from a drill depth below 7,500 feet. The term “
Granting and Habendum