Royalty Lands definition

Royalty Lands means the specified undivided working interest(s) in the lands set forth in Schedule "A";

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Royalty Lands means the lands, zones and formations set forth and described in Schedule "A" hereto and so much thereof as from time to time remain subject to this Agreement, but only insofar as rights to the same are granted by the Title Documents;

Royalty Lands means any lands to which the Petroleum and Natural Gas Rights comprised in the Properties relate;

Examples of Royalty Lands in a sentence

• Such lien shall not attach to the Grantor's share of Petroleum Substances sold or otherwise disposed of from the Royalty Lands, but immediately upon default occurring in payment by the Grantor of monies payable to the Royalty Owner such lien shall operate as an assignment to the Royalty Owner of the consideration thereafter payable to the Royalty Owner for the Petroleum Substances sold, up to the amount owed to the Royalty Owner and not so paid by the Grantor.

• The Grantor shall thereafter give written notice to the Royalty Owner describing the extent to which the Royalty Lands are being pooled and describing the Spacing Unit with respect to which they are so pooled.

• Upon any such unitization, the Overriding Royalty shall be quantified on the basis of the production allocated to each Spacing Unit on the Royalty Lands under the plan of unitization and not upon the basis of actual production from the Royalty Lands.

• This Agreement shall remain in force and effect so long as the Grantor or any successor in interest retains an interest in the Royalty Lands.

• Grantor hereby grants to the Royalty Owner an interest in respect of the Petroleum Substances within, upon or under the Royalty Lands equal to one (1%) percent of the gross monthly production produced from the Royalty Lands.

More Definitions of Royalty Lands

Royalty Lands means those lands described in Schedule “A”.

Royalty Lands means all lands in which the Royalty Owner currently owns a working interest including, without limitation, those lands described in Schedule "A".

Royalty Lands means the lands to which the Petroleum and Natural Gas Rights comprised in the Properties relate;

Royalty Lands. All lands in which AOL or any Co-AOL individually, currently owns a working interest, but limited to the ▇▇▇▇▇▇/Torquay formation in which Terra-Slicing™ is used in the drilling unit on the [ ], all of which are included and described in Schedule "B" to this Agreement as amended from time to time pursuant to Article 14 hereof.

Royalty Lands means those Farmout Lands in which the Farmor reserves the Overriding Royalty, if any, and includes the Petroleum Substances within, upon or under those Farmout Lands.

Royalty Lands means the Property listed in Schedule “A:; and

Royalty Lands means the Acquired Lands, which become subject to this Agreement.