Superseding Effect. By acceptance of this Conveyance, Assignee agrees, for itself and its successors and assigns, immediate and remote, that the timing of payment, accrual of interest and reporting requirements with respect to the Royalty Interest shall be as provided by the terms of this Conveyance and not as prescribed by Kansas Statutes Annotated 55-1614 through 55-1622b (the “Act”), or any similar Legal Requirement. Assignee expressly waives any rights it may have under the Act, including, without limitation, interest on payments related to Assignee Proceeds at the rate provided in Kansas Statutes Annotated 55-1614(h) and the reporting requirements provided in Kansas Statutes Annotated 55-1620.
Appears in 4 contracts
Samples: Term Overriding Royalty Interest Conveyance (SandRidge Mississippian Trust II), Long Term Overriding Royalty Interest Conveyance (SandRidge Mississippian Trust II), Perpetual Overriding Royalty Interest Conveyance (SandRidge Mississippian Trust II)
