No Undertakes Without Consent Sample Clauses

No Undertakes Without Consent. Subject to Section 3.2, without Royalty Owner’s prior consent Working Interest Owner will not Undertake from a Subject Well (either for itself or on behalf of Royalty Owner), except as a result of an Event of Force Majeure or a joint interest owner in one or more Subject Xxxxx electing to Overtake in order to balance previous Overtakes from such Subject Xxxxx by Working Interest Owner or any of its predecessors in title to such Subject Xxxxx, but only to the extent that such previous Overtakes either occurred after the Effective Time or occurred prior to the Effective Time and are disclosed in Schedule 1 attached to the Purchase and Sale Agreement, provided that Working Interest Owner may Undertake from any Subject Well on any Day so long as Royalty Owner’s actual share of production on such Day from all Subject Xxxxx is the entire Scheduled Quantity and Adjustment Quantity for such Day. If any Undertake by Working Interest Owner occurs in violation of this section, the Production Payment will be determined (to the maximum extent allowed under applicable Law and any applicable Permitted Encumbrances) without regard thereto.
Sample 1
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No Undertakes Without Consent. Without the prior consent of Production Payment Owner, Working Interest Owner will not deliberately take (for itself and for Production Payment Owner) a lesser share of Gas produced from a Subject Well than the share of Gas which Working Interest Owner and Production Payment Owner are collectively entitled to take by virtue of ownership of the Subject Interests (without regard to any rights to take a lesser share under any production balancing agreement or other arrangement or any rights under common law with respect to production balancing), except as a result of Working Interest Owner and Production Payment Owner, or any predecessor in title to such Subject Interest, having previously taken from such Subject Well or other wells located on Subject Interests more Gas than such partixx xxuld be entitled to receive by virtue of their ownership ("previous overproduction"), but only to the extent that the amount of such previous overproduction occurred after the Initial Time or occurred prior to the Initial Time and is disclosed in the Purchase Agreement. If any such deliberate undertakes by Working Interest Owner occur in violation of this Section, the Production Payment Hydrocarbons shall be determined (to the maximum extent allowed under applicable law and any applicable Permitted Liens) without regard thereto. It is recognized, however, that due to differences between the nominations by Working Interest Owner and its (and Production Payment Owner's) share of actual production and differences between nominations by other owners of production and their shares of actual production, minor instances of overproduction or underproduction will frequently occur, and any such instances will not be deemed violations of this Section.
Sample 1
No Undertakes Without Consent. Without the prior consent of Grantee, Grantor will not deliberately take (for itself and for Grantee) a lesser share of Gas produced from a Subject Well than the share of Gas which Grantor and Grantee are collectively entitled to take by virtue of ownership of the Subject Interests (without regard to any rights to take a lesser share under any production balancing agreement or other arrangement or any rights under common law with respect to production balancing), except as a result of Grantor and Grantee, or any predecessor in title to such Subject Interest, having previously taken from such Subject Well or other wellx xxxated on Subject Interests more Gas than such parties would be entitled to receive by virtue of their ownership ("previous overproduction"), but only to the extent that the amount of such
Sample 1
No Undertakes Without Consent. Without the prior consent of Grantee, Grantor will not deliberately take (for itself and for Grantee) a lesser share of Gas produced from a Subject Well than the share of Gas which Grantor and Grantee are collectively entitled to take by virtue of ownership of the Subject Interests (without regard to any rights to take a lesser share under any production balancing agreement or other arrangement or any rights under common law with respect to production balancing), except as a result of Grantor and Grantee, or any predecessor in title to such Subject Interest, having previously taken from such Subject Well or other wellx xxxated on Subject Interests more Gas than such parties would be entitled to receive by virtue of their ownership ("previous overproduction"), but only to the extent that the amount of such previous overproduction occurred after the Initial Time or occurred prior to the Initial Time and is disclosed in the Purchase Agreement. If any such deliberate undertakes by Grantor occur in violation of this Section 3.9, the PP Hydrocarbons shall be determined (to the maximum extent allowed under applicable law and any applicable Permitted Encumbrances) without regard thereto. It is recognized, however, that due to differences between the nominations by Grantor and its (and Grantee's) share of actual production and differences between nominations by other owners of production and their shares of actual production, minor instances of overproduction or underproduction will frequently occur, and any such instances will not be deemed violations of this Section 3.9.
Sample 1
No Undertakes Without Consent. Notwithstanding anything to the contrary contained in this Conveyance, Asignor will not undertake or overtake from a Subject Well (either for itself or on behalf of Assignee) if an Affiliate of Assignor thereby overtakes or undertakes. Assignor may otherwise elect to undertake or overtake in its reasonable business judgment exercised for the benefit of itself and Assignee. If any undertake by Assignor occurs in violation of this subsection (c), the ORRI Hydrocarbons shall be determined (to the maximum extent allowed under applicable Law) without regard thereto.
Sample 1

Related to No Undertakes Without Consent

  • Covenants Without Notice The Borrower shall fail to observe or perform any covenant or agreement on its part to be observed or performed which is set forth in Section 5.01, 5.02, 5.09, 5.10, 5.12, 5.13, 5.14 or 5.15;

  • No Settlement Without Consent Neither party to this Agreement shall settle any Proceeding in any manner that would impose any damage, loss, penalty or limitation on Indemnitee without the other party’s written consent. Neither the Company nor Indemnitee shall unreasonably withhold its consent to any proposed settlement.

  • Amendments Without Consent of Holders The Company and the Trustee may amend or supplement this Indenture or the Notes without notice to or the consent of any Noteholder:

  • Actions Which May be Taken Without Instructions Unless an Instruction to the contrary is received, the Custodian shall:

  • Actions Permitted without Express Authority The Custodian may in its discretion, without express authority from the Fund:

  • Supplemental Agreements Without Consent of Holders Without the consent of any Holders, the Company and the Agent, at any time and from time to time, may enter into one or more agreements supplemental hereto, in form satisfactory to the Company and the Agent, for any of the following purposes:

  • Continuing Covenant Not to Compete or Interfere with Relationships Regardless of anything herein to the contrary, following a termination by the Bank or Executive pursuant to Section 10(e) or 10(f):

  • No Consent of Third Parties Required No consent of any person including any other general or limited partner, any other member of a limited liability company, any other shareholder or any other trust beneficiary is necessary or reasonably desirable (from the perspective of a secured party) in connection with the creation, perfection or first priority status of the security interest of the Collateral Agent in any Equity Interests pledged to the Collateral Agent for the benefit of the Secured Parties under the Security Agreement or the exercise by the Collateral Agent of the voting or other rights provided for in the Security Agreement or the exercise of remedies in respect thereof.

  • Recognition of Company’s Rights; Nondisclosure At all times during my employment and thereafter, I will hold in strictest confidence and will not disclose, use, lecture upon or publish any of the Company's Proprietary Information (defined below), except as such disclosure, use or publication may be required in connection with my work for the Company, or unless an officer of the Company expressly authorizes such in writing. I will obtain Company's written approval before publishing or submitting for publication any material (written, verbal, or otherwise) that relates to my work at Company and/or incorporates any Proprietary Information. I hereby assign to the Company any rights I may have or acquire in such Proprietary Information and recognize that all Proprietary Information shall be the sole property of the Company and its assigns.

  • Actions of Bank Without Prior Authorization Notwithstanding anything herein to the contrary, unless and until the Bank receives an Officers' Certificate to the contrary, the Bank will take the following actions without prior authorization or instruction of the Fund or the transfer agent:

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