Mineral Interest Descriptions Sample Clauses

Mineral Interest Descriptions. The leasehold and mineral interests described in the applicable UCC-1 Financing Statements naming (a) Ramaco Resources, LLC, as debtor, and the Agent, as secured party, previously prepared by the Borrowers and delivered to Agent, for filing of record in the official records of Xxxxx County, West Virginia, XxXxxxxx County, West Virginia, Wyoming County, West Virginia, Xxxxxxxx County, Virginia, and Tazewell County, Virginia, as applicable, constitute all of the leasehold and mineral interests of Ramaco Resources, LLC in counties from which Ramaco Resources, LLC presently extracts coal or other minerals, and (b) Ramaco Resources Land Holdings, LLC, as debtor, and the Agent, as secured party, previously prepared by the Borrowers and delivered to Agent, for filing of record in the official records of Tazwell County, Virginia, constitute all of the leasehold and mineral interests of Ramaco Resources Land Holdings, LLC in counties from which Ramaco Resources Land Holdings, LLC presently extracts coal or other minerals. The interests in the “as extracted collateral” of Xxxxx Coal LLC described in the applicable UCC-1 Financing Statements to be delivered pursuant to Section 8.3(b) naming (i) Xxxxx Coal LLC, as debtor, and the Agent, as secured party, prepared by the Borrowers and delivered to Agent, for filing of record in the official records of the Office of the Clerk of the County Commission of Raleigh County, West Virginia, and (ii) Xxxxx Coal LLC, as debtor, and the Agent, as secured party, prepared by the Borrowers and delivered to Agent, for filing of record in the official records of the Office of the Clerk of the County Commission of Wyoming County, West Virginia, constitute all of Xxxxx Coal LLC’s interests in “as extracted collateral” in counties from which Xxxxx Coal LLC presently extracts coal or other minerals. No Borrower other than Ramaco Resources, LLC, Ramaco Resources Land Holdings, LLC, and Xxxxx Coal LLC has any leasehold or mineral interests in any counties from which it presently extracts coal or other minerals. Not later than ten (10) days before any Borrower commences extraction of coal or other minerals from any property not described in the UCC-1 Financing Statements referenced in this Section 4.22, the applicable Borrower shall prepare and deliver to the Agent a UCC-1 Financing Statement naming such Borrower, as debtor, and the Agent, as secured party. Such UCC-1 Financing Statement shall describe such new property from which such Borro...
Sample 1
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Mineral Interest Descriptions. The leasehold and mineral interests described in the applicable UCC-1 Financing Statements naming Ramaco Resources, LLC, as debtor, and the Lender, as lender, previously prepared by the Borrowers and delivered to Lender, for filing of record in the official records of Xxxxx County, West Virginia, XxXxxxxx County, West Virginia, Wyoming County, West Virginia, Xxxxxxxx County, Virginia, and Tazewell County, Virginia, as applicable, constitute all of the leasehold and mineral interests of Ramaco Resources, LLC in such counties from which Ramaco Resources, LLC presently extracts coal or other minerals. No Borrower other than Ramaco Resources, LLC has any leasehold and mineral interests in such counties from which it presently extracts coal or other minerals. Not later than ten (10) days before Ramaco Resources LLC or any other Borrower commences extraction of coal or other minerals from any property not described in such UCC-1 Financing Statements, the applicable Borrower shall prepare and deliver to the Lender a UCC-1 Financing Statement naming such Borrower, as debtor, and the Lender, as lender. Such UCC-1 Financing Statement shall describe such new property from which such Borrower anticipates extraction of coal or other mineral interests, shall be in form sufficient for filing in the official records of the applicable county in which such new property sits, and shall be reasonably acceptable to the Lender.
Sample 1

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