Operator’s Lien. To secure the payment of all sums due from Developer to Operator under this Agreement, the Developer grants Operator a first and preferred lien on and security interest in the following:
Operator’s Lien. RIGHT TO COLLECT FROM OIL OR GAS PURCHASER.
Operator’s Lien. (a) The Developer hereby grants Operator a first and preferred lien on and security interest in the interest of the Developer covered by this Agreement, and in the Developer's interest in oil and gas produced and the proceeds thereof, and upon the Developer's interest in materials and equipment, to secure the payment of all sums due from Developer to Operator under the provisions of this Agreement.
Operator’s Lien. Operator’s heirs, executors, administrators, successors and assigns shall have a lien upon all of Renter’s personal property located within the storage unit for rent, late fees, legal fees, labor or other charges incurred pursuant to this Rental Agreement and for expenses incurred for preservation, sale, or other disposition of the personal property. Pursuant to Montana law, this lien shall have priority over all other liens except for liens that have been perfected and recorded on such personal property and tax liens. If Renter is in default for 60 days or more, Landlord may enforce Operator’s lien rights by selling Xxxxxx’s stored personal property. Sale of the personal property will be by commercially reasonable sale. The time, place and manner of the sale shall be consistent with Montana law. Notices prior to sale shall comport with Montana law, and include a notice of default to Renter at least 30 days prior to the sale, and a notice at least 7 days prior to the sale of the date, time, and location of the sale. In addition, Operator shall advertise such sale as required by law. Excess proceeds from such sale shall be sent to Renter at Renter’s last known address or to such other record lien holders, as their interests may exist.
Operator’s Lien. Operator is given a first and preferred lien on the interest of each party covered by this contract, and on each party's interest in oil and gas produced and the proceeds thereof, and upon each party's interest in material and equipment, to secure the payment of all sums due from each such party to Operator. In the event any party fails to pay any amount owing by it to Operator as its share of such costs and expenses or such advance estimate, Operator shall, as promptly as possible, report the emergency to the other parties. If all parties hereto cannot mutually agree upon the drilling, reworking, deepening or redrilling of any well or wells covered by this Agreement and jointly owned by all of the xxxxies, any party or parties wishing to drill, rework, redrill, or deepen such a well or wells may give the other parties written notice of the proposed xxxxxtions specifying the work to be performed, proposed depth, objective formation and the estimated cost of the operation. The parties receiving such a notice shall have ten (10) days after receipt of the notice within which to notify the parties wishing to do the work whether they elect to participate in the cost of the proposed operation. Failure of a party receiving such a notice to so reply to it within the period above fixed shall constitute an election by that party not to participate in the cost of the proposed operations. The entire cost and risk of conducting such operations shall be borne by the parties electing to participate in the proposed operation, such parties hereinafter referred to as "consenting parties" in the proportion that their respective interests bear to the total interest of all consenting parties. Consenting parties shall keep the leasehold estate involved in such operations free and clear of all liens and encumbrances of every kind created by or arising from the operations of the consenting parties. If such an operation results in a dry hole, the consenting parties shall plug and abandon the well at their sole cost, risk and expense. If any well drilled, reworked, deepened or redrilled under the provisions of this section results in a producer of oil and/or gas in paying quantities, the consenting parties shall complete and equip the well to produce at their sole cost and risk, and the well shall then be turned over to the Operator and shall be operated by it at the expense and for the account of the consenting parties. Upon commencement of operations for the drilling, reworking, ...
Operator’s Lien. Operator’s Lien
Operator’s Lien. Occupant hereby grants, confirms, acknowledges and agrees that Operator and Operator’s heirs, executors, administrators, successors and assigns have a lien upon all personal property located at or upon the Space or Premises for all rent, labor and other charges, present or future, in relation to the personal property and for expenses necessary for its preservation or expenses reasonably incurred in its sale or other disposition pursuant to C.R.S. §38-21.5-102, as amended from time to time. The lien attaches as of the date the personal property is brought to the Premises and continues so long as the Operator retains possession of the personal property and until the default is corrected, or a sale is conducted, or the property is otherwise disposed of to satisfy the lien.
Operator’s Lien. 1. The Operator may, upon written notice to and subject to the prior rights of the Vendor and with the consent of the Vendor (which may be withheld for any reason) have a lien and charge on the Participant’s right to receive either Product in kind or proceeds from the sale thereof and their interests in any contracts for the sale of Product as security for their respective obligations from time to time to make contributions to working capital pursuant to section 16 and to pay their respective Cost Shares of Operating Costs, provided that if a Participant wishes such lien or charge to provide a sufficient bond for securing such payment, in the place of a mortgage, pledge and charge, general security agreement and financing statement, it may elect to do so, and if the Operator objects thereto, the sufficiency of the bond (including the acceptability of the obligor thereunder) will be submitted to arbitration pursuant to section 32.
Operator’s Lien. Operator shall be entitled to utilize the provisions of any oil and gas lien law or other lien law of Oklahoma to enforce the obligations of Owner hereunder. Without limiting the generality of the foregoing, Operator is given a first and preferred lien on the interest of the Owner and in the Owner’s interest in oil and gas produced and the proceeds thereof and in the Owner’s interest in material and equipment, and lease hold interest including royalty and working interest to secure the payment of all sums due from the Owner to the Operator. In the event the Owner fails to pay any amount owing by it to the Operator within thirty days after the date of rendition of statements therefore, Operator, without prejudice to other existing remedies, is authorized to, at its election, to collect from the purchaser or purchasers of oil or gas, the proceeds accruing to the working interest of the Owner up to the amount owing by the Owner and each purchaser of oil or gas is authorized to rely upon Operator’s statement as to the amount owing by Owner.
Operator’s Lien. Operator shall have a first and prior lien on all rights and the interest of Non-Operator in and to the Lands, the Permits and in any production obtained therefrom and the material and equipment thereon, and shall have a right of set-off against monies otherwise payable to Non-Operator pursuant to this Operating Procedure, to secure the payment by Non-Operator of any amounts owing by it to Operator pursuant to the terms of this Operating Procedure. If Non-Operator does not pay to Operator its share of such monies within thirty (30) days after demand, Operator shall have the right to enforce payment thereof, together with interest thereon at Six (6%) percent per annum, in any manner in which it is entitled either pursuant to this Operating Procedure, or at law, or both. The lien and other rights herein granted to Operator shall be in addition to and not in substitution for any other rights or remedies Operator may have with respect to the non-payment of any amount owing by Non-Operator to Operator.
