P&NG Rights means the entire right, title, estate and interest of the Company and the Restricted Subsidiaries (whether legal or beneficial, contingent or absolute, present or future) in and to all:
P&NG Rights means all of the right, title, estate and interest, whether contingent or absolute, legal or beneficial, present or future, vested or not, and whether or not an "interest in land", of the Borrower and its Subsidiaries in and to any of the following, by whatever name the same are known:
P&NG Rights means the entire right, title, estate and interest of a Person (whether legal or beneficial, contingent or absolute, present or future) in and to all rights to explore for, drill for, produce, save or market Hydrocarbons, rights to Hydrocarbons when produced or a share thereof, rights to the proceeds of, or to receive payments calculated by reference to the quantity or value of, production from Hydrocarbons when produced, or a share thereof, rights in lands or documents of title relating thereto, including leases, subleases, licenses, permits, reservations, profits a prendre, rights and privileges, and rights to acquire any of the forgoing rights, and P&NG Rights include: (a) interests and rights known as working interests, royalty interests, overriding royalty interests, gross overriding royalty interests, production payments, profits interests, net profits interests, revenue interests, net revenue interests, economic interests and other interests; (b) fractional or undivided interests in any of the foregoing; (c) freehold, leasehold or other interests; and (d) options in respect of the foregoing.
Examples of P&NG Rights in a sentence
Subject to Permitted Encumbrances, Baytex Trust and each Subsidiary thereof has good and marketable title to its P&NG Rights and P&NG Leases and to its other material property, except to the extent that failure to have such title would not have or would not reasonably be expected to have a Material Adverse Effect.
More Definitions of P&NG Rights
P&NG Rights means all of the right, title, estate and interest, whether contingent or absolute, legal or beneficial, present or future, vested or not, and whether or not an “interest in land”, of Baytex Trust and its Subsidiaries in and to any of the following, by whatever name the same are known:
P&NG Rights means all of the right, title, estate and interest, whether contingent or absolute, legal or beneficial, present or future, vested or not, and whether or not an "interest in land", of any Loan Party at such time in and to any, or such as are stipulated, of the following, by whatever name the same are known:
P&NG Rights means the entire right, title, estate and interest of the Loan Parties (whether legal or beneficial, contingent or absolute, present or future) in and to all:
P&NG Rights means the entire right, title, estate, and interest held by the Vendor (whether absolute or contingent, legal or beneficial, vested or not, and whether or not an "interest in land") to:
(i) explore for, drill for, extract, win, produce, take, save or market Petroleum Substances from the Scheduled Assets and from lands in the White Map Area;
(ii) a share of the production of Petroleum Substances from the Scheduled Assets and from lands in the White Map Area;
(iii) Petroleum Substances injected into but not produced from the Scheduled Assets and from lands in the White Map Area; and
(iv) a share of the proceeds of sale of, or rights to receive payment calculated by reference to, the quantity, value or proceeds of sale of the production of Petroleum Substances produced from the Scheduled Assets and from lands in the White Map Area, other than the rights under agreements for the sale of Petroleum Substances. Including, without limitation, any interests and rights known as unit interests, working interests, royalty interests, overriding royalty interests, gross overriding royalty interests, production payments, profits interests, net profits interests, including those interests set forth in schedule “A” and including fractional or undivided interests in any of the foregoing.