Reserved Interests. Notwithstanding any provision of this Agreement to the contrary, Seller reserves and retains (i) Seller's corporate, financial, tax and legal records and its other business records; (ii) cash, bank accounts, travel letter accounts and prepaid insurance; (iii) the management information systems and other intellectual property rights of Seller used by Seller in the management and administration of its business; (iv) all claims that Seller may have under any policy of insurance, indemnity or bond maintained by Seller other than claims relating to property damage or casualty loss affecting the Interests occurring between the Effective Time and Closing (which claims shall be included in the Interests); (v) all accounts receivable, trade credits or notes receivable accrued before the Effective Time; (vi) any files or records that Seller is contractually or otherwise obligated not to disclose to Buyer; (vii) all claims and causes of action arising from acts, omissions or events, or damage or destruction of property occurring prior to the Effective Time; and (viii) all interests and rights not specifically included in the definition of Interests (the "Reserved Interests").
Reserved Interests. Seller shall reserve and except from the sale and conveyance of the Interests in favor of itself, its successors and assigns the following:
(a) All accounts receivable attributable to the Interests that are, in accordance with generally accepted accounting principles, attributable to the period prior to the Effective Time;
(b) All claims and rights relating to overpayments of costs and expenses attributable to periods prior to the Effective Time, including, without limitation, the right to initiate, prosecute or participate, at Seller's sole cost and expense, in all audits, audit claims and tax claims or proceedings relating to or including periods prior to the Effective Time, regardless of when commenced, arising under applicable law, operating or product sale agreements or otherwise, and to recover all costs and expenses claimed or shown by such audits or proceedings as owing to the owner of the Interests for periods prior to the Effective Time; and
(c) All rights, if any, to recover additional production or proceeds or requirements to refund monies attributable to such production or proceeds therefrom attributable to the Interests for any production month prior to the Effective Time, resulting from any adjustment to the net revenue interest attributable to the Interests in the applicable division orders.
Reserved Interests. Notwithstanding anything to the contrary herein, Inspire acknowledges and agrees that this Agreement shall not restrict or limit InSite or its Affiliates, at any time, with respect to (i) any activity, licensing or otherwise, related to any product other than the Subject Products (other than the Option Product as provided under Section 2.10 or any Future Development as provided in Section 3.8); or (ii) any activity, licensing or otherwise, related to the Option Product other than as expressly provided under Section 2.10 or related to any Future Development other than as expressly provided under Section 3.8. Inspire also acknowledges and agrees that any such activities described in clauses (i) and (ii) above, as well as all rights and interests not expressly granted to Inspire are reserved by InSite (the “Reserved Interests”).
Reserved Interests. Notwithstanding anything to the contrary herein, but subject to Section 2.1(d), Licensee acknowledges and agrees that this Agreement shall not restrict or limit Teikoku or its Affiliates, at any time, with respect to any activity, licensing or otherwise, related to any product other than the Current Product. Licensee also acknowledges and agrees that any such activities described in the foregoing sentence, as well as all rights and interests not expressly granted to Licensee are reserved by Teikoku (the “Reserved Interests”).
Reserved Interests. Assignor shall reserve and except from the exchange of the Properties in favor of itself, its successors and assigns all accounts receivable attributable to the Properties being assigned that are, in accordance with generally accepted accounting principles, attributable to the period prior to the Effective Time.
Reserved Interests. Notwithstanding any provision of this Agreement to the contrary, each of CECI and P&L Inc. reserve and retain (i) their respective corporate, financial, tax and legal records and its other business records; (ii) cash, bank accounts, letters of credit, travel letter accounts and prepaid insurance;
Reserved Interests. Notwithstanding any provision of this Agreement to the contrary, Seller reserves and retains (i) Seller's corporate, financial, tax and legal records and its other business records; (ii) cash, bank accounts, letters of credit, travel letter accounts and prepaid insurance; (iii) the management information systems and other intellectual property rights of Seller used by Seller in the management and administration of its business; (iv) all accounts receivable, trade credits or notes receivable accrued before the Effective Time; (v) any files or records that Seller is contractually or otherwise obligated not to disclose to Buyer; (vi) all claims and causes of action arising from acts, omissions or events, or damage or destruction of property occurring prior to the Effective Time; (vii) engineering studies or reserve reports relating to the Interests; (viii) all interests and rights not included in the definition of the Interests (the "Reserved Interests").
Reserved Interests. Section 2.3
Reserved Interests. Notwithstanding any provision of this Agreement to the contrary, Seller shall retain following the Closing, a five percent (5.0%) overriding royalty interest attributable to, or associated with, the Leases (the "Reserved Interests"), thus delivering an 82.5% to the 8/8ths revenue interest to Buyer in and to the Leases, proportionately reduced. The Reserved Interests shall bear its pro-rata share of the actual costs and expenses of all transportation fees, Carbon Dioxide, Hydrogen Sulfide, Nitrogen and any other contaminate removal treatments required for the marketability of production, and production taxes. Buyer hereby acknowledges and agrees that the Reserved Interests shall be retained by Seller following the Closing and shall not be included in the Interests.
Reserved Interests. Notwithstanding any provision of this Agreement to the contrary, Seller shall retain following the Closing, a one-half percent (.5%) overriding royalty interest attributable to, or associated with, the Wabash Leases (the "Reserved Interests"), thus delivering an 83.5% to the 8/8ths revenue interest to Buyer. The Reserve Interests shall bear its pro-rata share of the costs and expenses of all transportation fees, Carbon Dioxide, Hydrogen Sulfide, Nitrogen and any other contaminate removal treatments required for the marketability of production, and production taxes. Buyer hereby acknowledges and agrees that the Reserved Interests shall be retained by Seller following the Closing and shall not be included in the Interests. Seller and Buyer acknowledge and agree that the Reserved Interests shall be retained by Seller and transfer by Seller from time to time to certain key persons as project and land management incentives which may be conducted for the future benefit of both Seller and Buyer.