ORRI Conveyance definition

ORRI Conveyance means that certain Conveyance of Overriding Royalty ---------------- Interest in the form attached hereto as Exhibit H from the Borrower to Lenders.

ORRI Conveyance means the conveyance by Alkali Wyoming to the ORRI SPV pursuant to that certain Conveyance of Term Overriding Royalty Interest, effective as of April 1, 2022, of a limited term overriding royalty interest equal to an undivided 10%, on an 8/8ths basis, in and to each mineral lease owned by Alkali Wyoming for the exploration and production of trona, sodium, sodium compounds and associated sodium minerals (such overriding royalty interest, the “ORRI”), pursuant to that certain Purchase and Sale Agreement, dated as of May 17, 2022, by and between Alkali Wyoming and ORRI SPV (as in effect on May 17, 2022).

ORRI Conveyance means any conveyance made by GREP Fund-B, Borrower or its Subsidiaries to NPI Holder, in the form attached as Exhibit A to the NPI Holder Partnership Agreement.

Examples of ORRI Conveyance in a sentence

• The overriding royalty shall be subject to the terms and conditions set forth in the form of the ORRI Conveyance.

• Promptly, but in any event within 5 -------------- days thereof, Borrower shall deliver to the Arranger a statement of all amounts paid to the Lenders under any ORRI Conveyance.

• A Term ORRI Conveyance in the form attached hereto as Exhibit I conveying a Term ORRI in all Oil and Gas Properties owned by the Borrower, BOG or any other Affiliate of the Borrower.

• In its discretion Company may at any time that no Obligations are owing (other than indemnity obligations and similar obligations that survive the termination of this Agreement for which no notice of a claim has been received by Company and other than Obligations under the ORRI Conveyance or the Warrants that arise after the Notes have been paid in full) elect in a written notice delivered to Administrative Agent to terminate this Agreement.

• For purposes of clarity, Issuer and, as applicable, Aurora, shall convey an overriding royalty on, and include in a Supplement to ORRI Conveyance, the working interests and other interests acquired by Issuer or Aurora from OIL in the Project Area excepting and excluding therefrom only the producing horizons of well bores of xxxxx producing on the date of acquisition from OIL.

More Definitions of ORRI Conveyance

ORRI Conveyance means, collectively, the Conveyance of Overriding Royalty Interest executed by Company in favor of Royalty Owner on the Closing Date and the additional conveyances, if any, executed by Company in favor of Royalty Owner pursuant to Section 5.22, in each case, as amended or supplemented from time to time.

ORRI Conveyance means the Overriding Royalty Conveyance executed by Existing Borrower pursuant to the Existing Note Purchase Agreement in favor of Royalty Owner whereby Existing Borrower conveyed an overriding royalty profits interest in and to its Oil and Gas Properties, as amended or supplemented.

ORRI Conveyance means the Conveyance of Overriding Royalty Interest dated as of September 8, 2006 by Foothills Texas, Inc. in favor of MTGLQ Investors, L.P.

ORRI Conveyance means the Assignment of Term Overriding Royalty Interest from Purchaser to Seller, dated as of the date hereof, substantially in the form attached as Exhibit C.

ORRI Conveyance means any assignment of Overriding Royalty Interests in the form of Exhibit D hereto.

ORRI Conveyance means each conveyance, assignment or similar instrument executed by a Credit Party in favor of Royalty Owner on the Closing Date, and each additional conveyance, assignment or similar instrument, if any, executed by a Credit Party in favor of Royalty Owner pursuant to Section 7.22, in each case conveying an overriding royalty interest in and to specified Coal Properties pursuant to the Royalty Agreement.

ORRI Conveyance has the meaning ascribed to such term in the Second Lien Credit Agreement.