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.
Sample 1Sample 2Sample 3
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).
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2

Examples of ORRI Conveyance in a sentence

  • 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.

  • Subject to Section 10.5(b) and 10.5(c), no amendment, modification, termination or waiver of any provision of the Transaction Documents (other than the Equity Document, the ORRI Conveyance or the Warrants), or consent to any departure by any Credit Party therefrom, shall in any event be effective without the written concurrence of the Required Lenders.

  • Until the Loans have been paid in full, Company will, as it acquires new Oil and Gas Properties, amend and supplement the ORRI Conveyance to make such new Oil and Gas Properties subject thereto (or, alternatively, if requested by Royalty Owner, Company will deliver a new ORRI Conveyance conveying a net profits interest in and to such Properties in the form of, and upon the same terms as, the ORRI Conveyance executed and delivered to Royalty Owner on the Closing Date).

  • For the avoidance of doubt, except to the extent, if any, expressly set forth in the ORRI Conveyance and/or Assignment and Assumption Agreement, Buyer make no representation or warranty of any nature whatsoever, express or implied, regarding the Term ORRI, including the present or future value thereof, the amount or value of Hydrocarbons produced from the Wxxxx, the realization of Seller’s expectations (whether known or unknown to Buyer) in connection therewith, or otherwise.

  • 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.


More Definitions of ORRI Conveyance

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.
Sample 1Sample 2
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.
Sample 1Sample 2
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.
Sample 1Sample 2
ORRI Conveyance has the meaning set forth in Section 3.3.
Sample 1
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 |US-DOCS\127003600.2131522459.11||
Sample 1
ORRI Conveyance means an assignment in the form of Exhibit E pursuant to which a Loan Party conveys to the Lenders an ORRI if required by the terms of this Agreement.
Sample 1
ORRI Conveyance means the Conveyance of Overriding Royalty Interest substantially in the form of Exhibit C, and all amendments, supplements, modifications or memoranda thereof.
Sample 1