Conveyed Interests definition

Conveyed Interests shall have the meaning set forth in Section 2.1.

Conveyed Interests has the meaning set forth in the recitals to this Agreement.

Conveyed Interests has the meaning set forth in the recitals.

Examples of Conveyed Interests in a sentence

• Purchase of a portion of the Conveyed Interests may be part of a transaction intended to qualify as an exchange under Section 1031 of the Code.

• Upon termination of this Agreement, the Confidentiality Agreement shall govern the return, destruction and confidentiality of all title, engineering, geological and geophysical data, environmental assessments and/or reports, maps and other information furnished by or on behalf of Seller to Buyer or prepared by or on behalf of Buyer in connection with its due diligence investigation of the Conveyed Interests.

• Promptly after Closing, Buyer shall (a) record the Assignments of the Conveyed Interests and all state/federal assignments executed at the Closing in all applicable real property records and/or, if applicable, all state or federal agencies, and (b) actively pursue the unconditional approval of all applicable Customary Post-Closing Consents (provided that Seller shall cooperate with Buyer in obtaining such approvals as may be reasonably necessary).

• Seller and Xxxxx shall then cooperate to prepare a final schedule of the Allocable Amount among the Conveyed Interests, which shall also be materially consistent with the Allocated Values (as adjusted, the “Allocation Schedule”).

• The purchase price for the sale of the Conveyed Interests as contemplated by Section 2.1 shall be an amount equal to $339,367,815 (the “Purchase Price”), as adjusted pursuant to this Agreement, to be paid by Buyer to Seller (or any Selling Subsidiary or Qualified Intermediary designated by Seller) in United States currency by direct bank deposit or wire transfer in same day funds at the Closing.

More Definitions of Conveyed Interests

Conveyed Interests has the meaning assigned to such term in Section 5.02.

Conveyed Interests has the meaning set forth in the Purchase Agreement.

Conveyed Interests. (a) an undivided forty percent (40%) of all of Seller’s and each Selling Subsidiary’s right, title and interest in and to the oil, gas and/or mineral leases, subleases, fee interests, fee mineral interests, mineral servitudes, royalties, overriding royalties, production payments, net profits interests, carried interests, reversionary interests and all other interests of any kind or character in oil, gas and/or minerals in place described in Exhibit A, with respect only to the Conveyed Depths (collectively, the “Leases”), together with any and all leasehold interests and other rights, titles and interests of Seller or any Selling Subsidiary in and to, or arising in connection with (i) the leasehold estates created by the Leases, and (ii) the interest in any pooled acreage, communitized acreage or units arising on account of the Leases having been pooled, communitized or unitized into such units (such undivided forty percent (40%) of Seller’s and any Selling Subsidiary’s interest in such units, collectively with the Leases, the “Oil and Gas Interests”);

Conveyed Interests means an undivided 50% of Seller’s right, title and interest in the Assets, as determined immediately prior to Closing.

Conveyed Interests means the Net Profits Interests and Royalty Interest.

Conveyed Interests means, collectively, the Contributed Equity Interests and the respective rights and obligations of SE Corp and its Affiliates under the Conveyed Contracts.

Conveyed Interests has the meaning assigned to such term in Section 5.02. “Conveying Parties” has the meaning assigned to such term in Section 5.02.