Remaining Interests Clause Samples
The Remaining Interests clause defines the rights or claims that persist after a primary interest or obligation has been fulfilled, transferred, or terminated. In practice, this clause often applies in contexts such as trusts, leases, or property transfers, where a party may retain a future interest in an asset after another party's current interest ends. For example, after a lease expires, the property owner regains full rights to the property. The core function of this clause is to clarify the disposition of residual rights, ensuring all parties understand what interests continue or revert after the main transaction concludes.
Remaining Interests. As of the Effective Time, the Units and general partner interests in the Partnership held by the Purchasing Group as set forth on Section 2.1(b) of the Parent Disclosure Schedule (collectively, the “Remaining Interests”) shall be unchanged and remain outstanding as Units or general partner interests in the Partnership, as applicable, and no consideration shall be delivered in respect thereof. Immediately after the Effective Time, the Remaining Interests will constitute the only outstanding partnership interests of the Surviving Entity.
Remaining Interests. All other rights and interests in, to or under or derived from the Subject Property, even though the same may be improperly described in or omitted from the Exhibits. It is the express intent of the parties that all of Seller's right, title and interest in and to the Leases, Contracts, Easements, Equipment, Permits, ▇▇▇▇▇ or Units , and interests appurtenant thereto, be assigned to Buyer hereunder; and
Remaining Interests. Right, title and interest in, to or under or derived from the Interests [defined as all of the above described interests], even though improperly described in or omitted from Exhibit "a" hereto. AND FURTHER, all right, title and interest of Seller received in that Assignment, Conveyance and ▇▇▇▇ of Sale from ▇▇▇▇▇▇▇▇ & Associates, LLC to Apache Canyon Gas, L.L.C., effective June 28, 1999, recorded at Document No. 640675, Book 981, Page 129 in the official records of Las Animas County, Colorado. To Wit: An undivided fifty percent (50%) interest in that Oil and Gas Lease dated June 28, 1999, between MGP Enterprises, L.P., as Lessor, and ▇▇▇▇▇▇▇▇ & Associates, LLC, as lessee, covering seven tracts of land totaling 17,381.84 acres as described therein and reproduced as Exhibit "b" attached hereto, in Las Animas County, Colorado (commonly known as the "Lorencito Tract"). A Memorandum of Oil and Gas Lease was filed with respect to such lease in Book 978, Page 793 of the official records of Las Animas County, Colorado (the "MGP Lease"). PROVIDED, HOWEVER, that Seller makes no representation or warranty as to the validity of the MGP Lease. Seller, by making the conveyance, does not imply that the MGP Lease is valid, and Purchaser does not rely on the continued validity of the MGP Lease in the acceptance of same; however, Purchaser shall receive all right, title, and interest which Seller may own in the MGP Lease, if any. -------------------------------------------------------------------------------- EXHIBIT A/A-1 WELL # REV INT WELL NAME 8789008.06 42.0% LORENCITO 10-9-34-66 Total 8789037.06 42.0% LORENCITO ▇▇-▇▇-▇▇-▇▇ Total 8789039.06 42.0% LORENCITO 1-17-34-66 Total 8789015.06 42.0% LORENCITO ▇▇-▇▇-▇▇-▇▇ Total 8789012.06 42.0% LORENCITO 12-3-34-66 Total 8789009.06 42.0% LORENCITO 12-9-34-66 Total 8789038.06 42.0% LORENCITO ▇▇-▇▇-▇▇-▇▇ Total 8789027.06 42.0% LORENCITO 14-8-34-66 Total 8789022.06 42.0% LORENCITO ▇▇-▇▇-▇▇-▇▇ Total 8789028.06 42.0% LORENCITO 2-8-34-66 Total 8789007.06 42.0% LORENCITO 2-9-34-66 Total 8789017.06 42.0% LORENCITO 3-22-34-66 Total 8789014.06 42.0% LORENCITO 4-10-34-66 Total 8789005.06 42.0% LORENCITO 4-16-34-66 Total 8789034.06 42.0% LORENCITO 4-17-34-66 Total 8789029.06 42.0% LORENCITO 4-8-34-66 Total 8789026.06 42.0% LORENCITO 5-3-34-66 Total 8789036.06 42.0% LORENCITO 6-15-34-66 Total 8789016.06 42.0% LORENCITO 8-16-34-66 Total 8789033.06 42.0% LORENCITO 9-17-34-66 Total 8789023.06 42.0% LORENCITO 9-8-34-66 Total 8789021.06 37.8% LOR...
Remaining Interests. All other rights and interests in, to or under or derived from the Subject Property, even though the same may be improperly described in or omitted from the Exhibits. It is the express intent of the parties that all of Seller's right, title and interest in any and all oil and gas properties described on Exhibits "A", "B" or "C" be assigned to Buyer hereunder.
Remaining Interests. All of Seller's night, title and interest in all other rights and interests 'in, to or under or derived from the Subject Property, even though improperly described in or omitted from the Exhibits.
Remaining Interests. All other rights and interests in, to, or under, or derived from the Assignor's interests in or related to the Assets, even if improperly described in this definition or omitted from the
Remaining Interests. Right, title and interest in, to or under or derived from the Interests [defined as all of the above described interests], even though improperly described in or omitted from Exhibit "A" hereto.
Remaining Interests. Immediately prior to the Closing, Prometheus shall either (i) acquire all the Remaining Interests or (ii) if requested by Buyers, cause such Remaining Interests to be conveyed directly by the holders of such Remaining Interests to Buyers or their designees (such Remaining Interests in each case to be conveyed free and clear of all Encumbrances).
Remaining Interests. Without limiting the generality of the foregoing, the interest of Seller, whether now owned or hereafter acquired by operation of law, in any of the above, even though such interest may be incorrectly described in or omitted from Exhibit “A” (collectively, the “Remaining Interests”), including, but not limited to, interests in or derived from all oil, gas and mineral leases and leaseholds, fee and mineral interests, overriding royalties and all other interests of whatsoever character, insofar as the same cover or relate to the Lands, even though said interests or Lands may be incorrectly described in or omitted from Exhibit “A”. The term “Properties” shall not include, and Seller shall retain, all liability for all Litigation (as defined in Section 4.1[d]), if any, pending or threatened in writing before any court or governmental agency as of the date of Closing (as defined in Paragraph 7.1), to the extent it relates to the period of time prior to the Effective Date (collectively, the “Retained Obligations”).