The Farmee Sample Clauses

The Farmee. (A) shall be liable to the Farmor for the Farmor's losses; and
Sample 1
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The Farmee. In consideration of the Farmee fulfilling its obligations hereunder and subject to the necessary consents and approvals of the Secretary, the Farmor shall, as each Farmin Well is Capped and Suspended or Abandoned, grant and assign to the Farmee the Farmin Percentage in the Farmin Area on which the said Farmin Well was Drilled and solicit the consent and approval of the Secretary to a Deed of Assignment of Licence for the appropriate Licence in respect thereof, and shall grant and assign to the Farmee the Farmin Percentages so that before and after the Payout Date the Paying and Working Interests in the Farmin Area in and under the particular Licence and the Joint Operating Agreement shall be:- PARTY PERCENTAGE INTERESTS --------------------------------------------------------------------------------------------------- BEFORE PAYOUT AFTER PAYOUT --------------------------------------------------------------------------------------------------- PAYING WORKING GROSS PAYING WORKING REVENUE --------------------------------------------------------------------------------------------------- ISO 90.0 45.0 ) * - 28.8 28.8 Archean 10.0 5.0 ) 3.2 3.2 (less (Pounds)2.25M) --------------------------------------------------------------------------------------------------- Buy-in Party (Pounds)2.25M 50.0* - 24.5 22.5 --------------------------------------------------------------------------------------------------- Farmor 0.0 0.0 13.0 43.5 41.5 --------------------------------------------------------------------------------------------------- Altwood 0.0 0.0 2.0 0.0 4.0 --------------------------------------------------------------------------------------------------- TOTALS 100.0 100.0 15.0 100.0 100.0 --------------------------------------------------------------------------------------------------- * Subject to one half of the 15% GRI.
Sample 1

Related to The Farmee

  • Buyer’s Warranties All representations and warranties by Buyer in this Agreement shall be true on and as of the closing date as though such representations and warranties were made on and as of that date.

  • Representations Relating to Documents and Legal Compliance Borrower represents and warrants to Silicon as follows: All statements made and all unpaid balances appearing in all invoices, instruments and other documents evidencing the Receivables are and shall be true and correct and all such invoices, instruments and other documents and all of Borrower's books and records are and shall be genuine and in all respects what they purport to be, and all signatories and endorsers have the capacity to contract. All sales and other transactions underlying or giving rise to each Receivable shall fully comply with all applicable laws and governmental rules and regulations. All signatures and endorsements on all documents, instruments, and agreements relating to all Receivables are and shall be genuine, and all such documents, instruments and agreements are and shall be legally enforceable in accordance with their terms.

  • Buyer’s Representations Buyer represents and warrants to, and covenants with, Seller as follows:

  • Waiver of Closing Conditions Upon the occurrence of the Closing, any condition set forth in this Article V that was not satisfied as of the Closing shall be deemed to have been waived as of the Closing for the applicable Transferred Asset.

  • COVENANTS OF BUYER AND SELLER Buyer and Seller agree that:

  • Manufacturer’s Warranties If a Lease Vehicle is covered by a Manufacturer’s warranty, the Lessee, during the Vehicle Term for such Lease Vehicle, shall have the right to make any claims under such warranty that the Lessor could make.

  • Representations and Warranties of the Company and the Operating Partnership The Company and the Operating Partnership, jointly and severally, represent and warrant to, and covenant with, each Underwriter as follows:

  • COVENANTS OF SELLER AND BUYER Seller and Buyer each covenant with the other as follows:

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