NEW BURDENS Sample Clauses

NEW BURDENS. Farmoutor represents and warrants that from and after March 1, 1998 it has not created, and it agrees that it shall not under any circumstance(s) hereafter create, any overriding royalty, production payment, net profits interest, mortgage or other similar or dissimilar burden which Farmoutee would have to bear under any circumstance(s) pursuant to or as a result of this Agreement whether as a result of any transfer or assignment to Farmoutee hereunder, any non-consent or default hereunder by Farmoutor, any full or partial termination of this Agreement or otherwise. Farmoutee represents and warrants that it has not heretofore created, and it agrees that it shall not under any circumstance(s) create, any overriding royalty, production payment, net profits interest, mortgage or other similar or dissimilar burden which Farmoutor would have to bear under any circumstance(s) pursuant to or as a result this Agreement whether as a result of any transfer or assignment to Farmoutor hereunder, any non-consent or default hereunder by Farmoutee, any full or partial termination of this Agreement or otherwise.
Sample 1
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Related to NEW BURDENS

  • New Businesses Borrower shall not, and shall not permit any Company to, engage in any type of business except the types of businesses in which they are presently engaged and any other reasonably related business.

  • Benefits and Burdens This Agreement shall be binding upon and inure to the benefit of the Executive and his personal representatives, and the Corporation and any successor organization which shall succeed to substantially all of its assets and business.

  • New Business This report will include new issues only, the first time the policy is reported to the Reinsurer. Automatic and Facultative business will be identified separately.

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • Partnerships and Joint Ventures No Loan Party shall become a general partner in any general or limited partnership or a joint venturer in any joint venture.

  • Benefit and Burden This Agreement shall inure to the benefit of, and shall be binding upon, the parties hereto and their legatees, distributees, estates, executors or administrators, personal and legal representatives, successors and assigns.

  • Partnerships, Etc To enter into joint ventures, general or limited partnerships and any other combinations or associations;

  • Partnership Agreements Each of the partnership agreements, declarations of trust or trust agreements, limited liability company agreements (or other similar agreements) and, if applicable, joint venture agreements to which the Company or any of its subsidiaries is a party has been duly authorized, executed and delivered by the Company or the relevant subsidiary, as the case may be, and constitutes the valid and binding agreement of the Company or such subsidiary, as the case may be, enforceable in accordance with its terms, except as the enforcement thereof may be limited by (A) the effect of bankruptcy, insolvency or other similar laws now or hereafter in effect relating to or affecting creditors’ rights generally or (B) the effect of general principles of equity, and the execution, delivery and performance of such agreements did not, at the time of execution and delivery, and does not constitute a breach of or default under the charter or bylaws, partnership agreement, declaration of trust or trust agreement, or limited liability company agreement (or other similar agreement), as the case may be, of the Company or any of its subsidiaries or any of the Agreements and Instruments or any law, administrative regulation or administrative or court order or decree.

  • Ownership Agreements The Manager has received copies of the Agreement of Limited Partnership of the OP, Articles of Incorporation and the other constitutive documents of the Owner (collectively, the “Ownership Agreements”) and is familiar with the terms thereof. The Manager shall use reasonable care to avoid any act or omission which, in the performance of its duties hereunder, shall in any way conflict with the terms of the Ownership Agreements.

  • Projects 3.3.1 Exult Supplier shall perform the impact analysis as described in Section 4.

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