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 Subchapter J (Payment for Proceeds of Sale), Section 91.401, et seq., and Subchapter L (Royalty Reporting Standards), Section 91.5001, et seq., of the Texas Natural Resources Code, and any similar Legal Requirement.
Appears in 6 contracts
Samples: Perpetual Overriding Royalty Interest Conveyance (SandRidge Permian Trust), Perpetual Overriding Royalty Interest Conveyance (SandRidge Permian Trust), Term Overriding Royalty Interest Conveyance (SandRidge Permian Trust)
