Examples of Land Companies in a sentence
Operating Companies shall indemnify Land Companies for all costs incurred by Land Companies in curing or attempting to cure such non-compliance or default.
The Emerald Parties and the Mac Land Companies shall have executed and delivered a release agreement in form reasonably acceptable to WCA Parent.
The rights herein granted to Operating Companies are subject to the limitation of Land Companies’ power to grant same and to such rights as Land Companies possess by virtue of the Coal Leases.
Land Companies shall have no obligation to Operating Companies of any sort whatsoever for failure to cure any default Land Companies may attempt to cure, for failure or refusal to attempt to cure a default, for an incomplete cure of a default, or for abandonment of an attempt to cure a default.
The Parties hereto do acknowledge, however, that Land Companies have reserved certain rights and have imposed certain requirements under the terms of this Master Agreement solely for the purpose of preventing waste and protecting the reserved rights of the Land Companies.
Notwithstanding anything in this Master Agreement to the contrary, it is expressly understood, stipulated, and agreed that the relationship between Land Companies and Operating Companies shall be that of landlord and tenant.
At the request of the Land Companies, Operating Companies shall furnish to Land Companies true, complete and correct copies of each of the maps required by all governmental agencies within thirty (30) days from the date the maps are finally approved by any such governmental agency.
Operating Companies shall provide copies of permits and bonds to Land Companies at Land Companies’ written request.
Land Companies make no representation or warranty that (i) Land Companies or the lessors of the Coal Leases (“Base Lessors”) have good and marketable title to the Leased Coal, or that (ii) the rights herein granted to Operating Companies are sufficient to enable Operating Companies to conduct the mining operations contemplated by Operating Companies.
Operating Companies accept this Master Agreement with the understanding that the rights and privileges granted hereunder are and shall be construed as limited to only such rights and privileges as Land Companies possess and have the lawful right to lease, sublease or otherwise grant to Operating Companies.