Leased Interests definition
Examples of Leased Interests in a sentence
Lessee shall indemnify, protect, and hold harmless Lessor, his or her agents, servants, employees, officers, directors, successors, and assigns from and against all losses, damages, injuries, claims, demands and expenses, including legal expenses, of whatever nature, arising out of the use by Lessee of the Leased Interest(s) and/or Pledged/Assigned Shares.
Lessor does not warrant its title to the Leased Interests, or the quantity or quality of the Coal, or the condition of the Leased Interests.
XVII.1 Subject to the limitations set forth in Section 19 hereof, if, at the time of the exercise by the Pledgee of its rights and remedies involving the Membership Interest, title thereto or to any of the Leased Interests or the ▇▇▇▇▇▇/▇▇▇▇▇▇ ▇▇▇▇ Fee Option shall be subject to a Lien or to a Title Impairment other than a Pledgor Permitted Lien, the Pledgor shall be obligated to pay, bond, or otherwise Cure such Lien and to Cure such Title Impairment.
Operator’s rights under this Agreement may be exercised by Operator in connection with mineral rights in Area Lands, the Leased Interests, the Federal Grazing Lands and State Lands which are acquired by or leased to Operator from third parties, or which are otherwise controlled by Operator.
Unless sooner terminated due to a default by Operator, the rights granted by Owner to Operator hereunder shall terminate when Operator has ceased uranium mining operations on the Leased Interests, or from the Federal Grazing Lands, State Lands or any lands pooled therewith for a period of time exceeding 12 months.
Lessor further represents and warrants that he/she/it has not previously entered into a lease agreement or other arrangement whereby he/she/it has granted the rights that are granted hereunder to Lessee with respect to the Leased Interest(s), during the Lease Term.
The covenants and agreements herein contained shall run with the Leased Interests and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
Lessor represents and warrants that he/she/it owns beneficially and of record the Leased Interest(s).
Lessor / Lessee (circle one) shall be responsible to Lessor / Lessee (circle one) for satisfying all obligations including but not limited to dues, fees, taxes or assessments of any kind or other charges imposed with respect to the use or lease of the Leased Interest(s) and/or Pledged/Assigned Shares.
Lessee shall indemnify, protect, and hold harmless Lessor, his or her agents, servants, employees, officers, directors, successors, and assigns from and against all losses, damages, injuries, claims, demands and expenses, including legal expenses, of whatever nature, arising out of the use by Lessee of the Leased Interest(s).