Overriding Royalties definition

Overriding Royalties means the 1% Overriding Royalty Agreement and the Gaziantep Overriding Royalty Agreement described in (a) and (b) below:
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Overriding Royalties means the Statutory Royalties and the Contractual Royalties in respect of the Pledged Leviathan Interest.
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Overriding Royalties means the 1% Overriding Royalty Agreement and the Gaziantep Overriding Royalty Agreement described in (a) and
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Examples of Overriding Royalties in a sentence

  • Royalties and Overriding Royalties: The Partnership interest in production from drilling Prospects will be subject to the payment to non-affiliated parties of royalties and overriding royalties, provided the weighted average of all royalties for all Partnership Prospects drilled shall not exceed 25% gross revenues.

  • Buyer has the unrestricted right, power, and authority to execute and deliver this Agreement and the Overriding Royalties, as the case may be, and to perform its obligations under this Agreement and the Overriding Royalties.

  • Upon the execution and delivery by Buyer of the Overriding Royalties, it will constitute the legal, valid, and binding obligation of Buyer, enforceable against Buyer in accordance with their terms.

  • Royalties and Overriding Royalties: The Partnership interest in production from drilling Prospects will be subject to the payment to non-affiliated parties of royalties and overriding royalties which may range from 12.5% to 22.00% of gross revenues, provided the weighted average for all Partnership Prospects drilled shall not exceed 20% gross revenues.

  • Royalties and Overriding Royalties: The Partnership interest in production from drilling Prospects will be subject to the payment to non-affiliated parties of royalties and overriding royalties, provided the weighted average for all Partnership Prospects drilled shall not exceed 20% gross revenues.

  • Royalties and Overriding Royalties: The Partnership interest in production from drilling Prospects will be subject to the payment to non-affiliated parties of royalties and overriding royalties , provided the weighted average of all royalties for all Partnership Prospects drilled shall not exceed 25% gross revenues.

  • Seller hereby agrees and acknowledges that Buyer may, at its reasonable discretion, offset any or all amounts of Damages against any amount payable to Seller pursuant to the Overriding Royalties or otherwise.

  • In the same manner, the parties shall also own all production of oil and gas from the Contract Area subject to the payment of royalties so the extent of Overriding Royalties and Landowner Royalties which shall be borne as hereinafter set forth.

  • The Trustee may not sell or otherwise dispose of the Overriding Royalties.

  • The Overriding Royalties identified in Schedule 1 shall constitute the initial Trust Estate of the Trust.


More Definitions of Overriding Royalties

Overriding Royalties means the overriding royalty interests conveyed by the Company to the Trustee.
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Related to Overriding Royalties

  • Overriding Royalty Interest means an interest in the natural gas and oil produced under a Lease, or the proceeds from the sale thereof, carved out of the Working Interest, to be received free and clear of all costs of development, operation, or maintenance.

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Royalty means an interest in an oil and natural gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof) but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

  • Royalty Interest is defined in Section 1.01.