Examples of Initial Leases in a sentence
File Review Procedures of Initial Leases:For each of the Initial Leases, we performed certain comparisons and recomputations of the initial lease characteristics (the Initial Lease Characteristics) set forth on the Statistical Data File and indicated below.
As discussed above, the Participation Agreement clearly provides that Decker Energy could assign its royalty interests in the Initial Leases or cause them to be paid to the Deckers.
The Deckers claim they are entitled to overriding royalty interests in the Initial Leases, including the Welch Lease, and in 5This Court notes that standing likely exists as to the Deckers’ claimed interests in the Target Leases under Count Two.
The core issues are whether, under the Participation Agreement and the Amendment, the Deckers are entitled to overriding royalty interests in the Initial Leases or in the Ball Unit and whether Decker Energy assigned its royalty interests to the Deckers.
Rather, the Deckers argue that Decker Energy effectively assigned its royalty interests in the Initial Leases to them by assigning royalty payments to the Deckers as evidenced by the parties’ course of performance.It is clear from the evidence submitted that the question of standing is equivalent to a determination on the merits.