Royalty Lands definition

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

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.

• 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.

• Grantor shall comply with all the covenants and conditions contained in the Leases insofar as they relate to the Royalty Lands and shall do all things necessary to maintain the Leases in full force and effect during the term of this Agreement including, without limitation, timely payment of all rentals, all renewal and extension fees, all taxes, all payments in lieu of actual production and royalties due or becoming due in respect of the Royalty Lands and the Leases.

• The Grantor shall not include the Royalty Lands or any part or parts thereof in a Unit Agreement or a Unit Operating Agreement for the unitized development and/or operation thereof with other lands without the consent of the Royalty Owner, which shall not be unreasonably withheld.

• 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 Xxxxxx/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 lands subject to the Royalty Agreement that are described as Royalty Lands on Schedule “A”, insofar as those identified Royalty Lands remain subject to the Royalty Agreement at the applicable time.

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

Royalty Lands. All lands in which AOL or any Co-AOL individually, currently owns a working interest, but limited to the Xxxxxx/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. [**********] Certain parts of this document has not been disclosed and have been filed separately with the Secretary, Securities and Exchange Commission, and are subject to a confidential treatment request pursuant to Rule 406 of the Securities Exchange Act of 1933.