Lease Burdens. “Lease Burdens” means the royalties, overriding royalties, production payments, net profit interests, and all similar interests burdening the Leases or production therefrom, that are: (i) legally binding and enforceable at law or in equity; and (ii) the obligation with respect to which was created prior to the Effective Date, whether or not conveyed or of record prior to such date.
Appears in 4 contracts
Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement (EV Energy Partners, LP)
