Land Administration Services. From the Closing Date through the Turnover Date (as defined below), Seller shall provide or cause to be provided all lease, division order and land administration services in a manner substantially consistent with the applicable Seller Providers’ current general practices prior to the Closing Date and in accordance with applicable Law (collectively “Land Administration Services”), which services shall include the following:
(i) Administering and maintaining all leases and agreements relating to the Properties; provided that any actions pursuant to applicable operating agreements including without limitation well proposals, elections and voting, and submittal of AFEs shall not be taken without Buyer’s prior written consent,
(ii) Maintaining and updating all lease, ownership, contract and property records and databases relating to the Properties, including all well lists,
(iii) Maintaining and updating all royalty payment reports and databases,
(iv) Maintaining and updating all royalty suspense accounts, reports and databases,
(v) Maintaining and updating all accounts, reports and databases associated with compulsory pooled interests related to the Properties,
(vi) Generating, verifying, processing, approving and signing all internal and external division orders and transfer orders required in the normal course of business,
(vii) Identifying, paying and appropriately invoicing all rentals, surface, right of way, shut-in payments and other payments required by the leases or other agreements relating to the Properties including, without limitation, lease settlement, shut-in royalties, minimum royalties, payments in lieu of production, royalties, overriding royalties, production payments, net profit payments and other similar burdens that are associated with the ownership and operation of the Properties; provided, however, Seller shall not, without the prior written consent of Buyer, make a single payment referenced herein that exceeds US Fifty Thousand Dollars ($50,000),
(viii) Maintaining all land, contract, division of interest, lease files, and other files relating to the subject land administration functions, and
(ix) Such other administrative services as Seller administered or caused to be administered to maintain the leases or agreements relating to the Properties prior to the Closing Date.
Land Administration Services. Until the Service Termination Date for the Land Administration Services, Operator shall provide for the benefit of Buyer, under the reasonable direction of Buyer, all lease, division order and other land administration services (collectively, “Land Administration Services”) as follows:
(a) Administering and maintaining all leases and agreements relating to the Interests;
(b) Maintaining and updating all lease, ownership, contract and property records and databases relating to the Interests;
(c) Maintaining and updating all royalty payment and division order reports and databases;
(d) Generating, verifying, processing, approving and signing (provided that Buyer has granted Operator a special power of attorney authorizing Operator to sign on Buyer’s behalf) all internal and external division orders and transfer orders required in the normal course of business;
(e) Identifying, paying and appropriately invoicing all rentals, rights-of-way, shut-in payments and other payments required by the leases or other agreements relating to the Assets;
(f) Maintaining all land, contract, division of interest, lease files, and other files relating to the subject land administration functions as well as maintaining any imaging and indexing of such records in the ordinary course of business; and
(g) Performing such other reasonable and customary land administration services as Operator deems necessary to administer or maintain the leases or agreements relating to the Assets.
Land Administration Services. Manager shall provide (or, subject to the other terms of this Agreement, arrange to be provided) all lease, division order and other land administration services (collectively, "Land Administration Services"), including the following:
(i) Administering and maintaining leases and agreements relating to the Properties;
(ii) Maintaining and updating lease, ownership, contract and property records and databases relating to the Properties;
(iii) Maintaining and updating royalty payment and division order reports and databases;
(iv) Generating, verifying, and processing internal and external division orders and transfer orders required in the normal course of business;
(v) Identifying, paying and invoicing rentals, rights of way, shut-in payments and other payments required by the leases or other agreements relating to the Properties;
(vi) Maintaining land, contract, division of interest, lease files and other files relating to the subject land administration functions; and
(vii) Performing such other reasonable and customary land administration services as Reserves deems necessary to administer or maintain the leases or agreements relating to the Properties.
Land Administration Services. Manager shall provide all lease, division order and other land administration services (collectively, "Land Administration Services"), including, without limitation, the following:
(i) Administering and maintaining leases and agreements relating to the Properties;
(ii) Maintaining and updating lease, ownership, contract and property records and databases relating to the Properties;
(iii) Maintaining and updating royalty payment and division order reports and databases;
(iv) Generating, verifying, and processing internal and external division orders and transfer orders required in the normal course of business;
(v) Identifying, paying and invoicing rentals, rights of way, shut-in payments and other payments required by the leases or other agreements relating to the Properties;
(vi) Maintaining land, contract, division of interest, lease files, and other files relating to the subject land administration functions; and
(vii) Performing such other reasonable and customary land administration services as Company deems necessary to administer or maintain the leases or agreements relating to the Properties.
Land Administration Services. From the Closing Date through the Termination Date (or until such earlier date as BreitBurn notifies Quicksilver in writing that BreitBurn assumes responsibility for such land administration activities for the Oil and Gas Properties), Quicksilver shall provide the following lease, division order, and land administration services with respect to the Oil and Gas Properties (collectively, the “Land Administration Services”), except to the extent that a third party operator is responsible for such matters:
(i) administering and maintaining in force all Oil and Gas Properties;
(ii) Maintaining and updating all lease, ownership, contract, and property records and databases relating to the Oil and Gas Properties;
(iii) Maintaining and updating all royalty payment and division order reports and databases;
(iv) Identifying, paying, and appropriately invoicing all rentals, surface damage payments, right of way payments, shut in payments, and other payments required by the Oil and Gas Properties;
(v) Maintaining all land, contract, division of interest, lease files, and other files relating to the subject land administration functions; and
(vi) Such other administrative services as Quicksilver may reasonably deem necessary or advisable to administer or maintain the Oil and Gas Properties including with respect to suspense accounts.
Land Administration Services. During the Transition Period, Provider shall provide, under the reasonable instruction of Buyer, all lease, division order and other land administration services (collectively, the “Land Administration Services”) as follows:
(i) administering and maintaining all leases and agreements relating to the Hydrocarbon Interests;
(ii) maintaining and updating all lease, ownership, contract and property records and databases relating to the Hydrocarbon Interests;
(iii) maintaining and updating all royalty payment and division order reports and databases;
(iv) generating, verifying, processing, approving and signing (provided that Buyer and/or the applicable Acquired Company have granted Provider a special power of attorney authorizing Provider to sign on behalf of such applicable Person) all internal and external division orders and transfer orders required in the normal course of business;
(v) identifying, paying and appropriately invoicing all rentals, rights of way, shut-in payments and other payments required by the leases or other agreements relating to the Hydrocarbon Interests;
(vi) maintaining all land, contract, division of interest, lease files, and other files relating to the subject land administration functions as well as maintaining any imaging and indexing of such records in the ordinary course of business; and
(vii) performing such other reasonable and customary land administration services as Provider deems necessary to administer or maintain the leases or agreements relating to the Hydrocarbon Interests.
Land Administration Services. During the Transition Period, Provider shall provide, under the reasonable instruction of Buyer, all lease, division order and other land administration services (collectively, the “Land Administration Services”) as follows:
