NPI Conveyance definition

NPI Conveyance is defined in the recitals.
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NPI Conveyance means the Conveyance of Net Profits Overriding Royalty Interest to be executed by WI Owner in favor of Assignee with respect to the Net Profits Interest, substantially in the form attached hereto as Exhibit B.
Sample 1
NPI Conveyance means the Conveyance of Net Profits Interest executed by Borrower in favor of Payee whereby Borrower conveys a net profits interest in and to its Oil and Gas Properties, as such conveyance may be amended or supplemented from time to time.
Sample 1

Examples of NPI Conveyance in a sentence

  • All persons are referred to the NPI Conveyance for the terms thereof and for specific descriptions of the Royalty NPI created under the NPI Conveyance.

  • The representations and warranties set forth in this Section 3.1 are made as of the date of execution of this Agreement and the Initial NPI Conveyance and shall be deemed to be made again as of the date of execution of the Supplemental NPI Conveyance.

  • Prior to the Effective Date, all Taxes based upon or measured by the ownership of the Subject Interests, Hydrocarbon production therefrom, or the receipt of proceeds thereof, shall be borne and paid by WI Owners, and after the Effective Date, shall be allocated as set forth in the NPI Conveyance.

  • WI Owner and Assignees agree to take all such further actions and to execute, acknowledge, and deliver all such further documents as are necessary or useful to effectuate the conveyance of the Net Profits Interest and to carry out the purposes of this Agreement and the NPI Conveyance.

  • Buyer received, reviewed and acknowledges the letter from ECA dated October 4, 2012 regarding potential Chargeable Costs under the Royalty NPI Conveyance as well as corrections to the interests to be conveyed to Buyer, a copy of which is attached hereto as Exhibit G.

  • Prior to the Effective Date, all Taxes based upon or measured by the ownership of the Subject Interests, Hydrocarbon production therefrom, or the receipt of proceeds thereof, shall be borne and paid by WI Owner, and after the Effective Date, shall be allocated as set forth in the NPI Conveyance.

  • Until the Loans have been paid in full, Borrower shall, and shall cause each other Loan Party to, as they acquire new Oil and Gas Properties (or earn any such new Oil and Gas Properties pursuant to farmout or exploration agreements), grant new NPI Conveyances (or, at Payee’s election, supplement a then existing NPI Conveyance) conveying a NPI in and to such Oil and Gas Properties to Payee.

  • Xxx xxxx "Xermitted Burdens" means (i) all valid lessor royalties, (ii) an overriding royalty interest in favor of B&C Oil Company created in Assignment recorded in Entry No. 181002, COB 474, Folio 548 of the public records of St. Charles Parish, Louisiana, (iii) the term overriding royalty xxxxxxxx xxxxted in the ORI Conveyance, and (iv) the net profits interest created in the NPI Conveyance.

  • The specific terms and conditions applicable to the Net Profits Interest are set forth in the NPI Conveyance.

  • Such instruments shall be delivered (a) within fifteen (15) days after Borrower acquires or earns any Oil and Gas Properties and (b) within fifteen (15) days after delivery of each Reserve Report, with respect to any Oil and Gas Properties not properly covered by an NPI Conveyance.


More Definitions of NPI Conveyance

NPI Conveyance means the Net Profits Interest Conveyance among PetroQuest and the Members and their spouses in the form of Exhibit C hereto.
Sample 1
NPI Conveyance means Conveyance of Net Profits Interest dated December 28, 2001 from Seller to the Liquidation Agent for the benefit of the members of Class 7 appointed in the Plan of Reorganization in the bankruptcy proceeding In Re Couba Operating Company, Case No. 00-11837-WV recorded in Entry No. 263437, COB 598, Page 322 of the public records of St. Charles Parish, Louisiana.
Sample 1
NPI Conveyance means the Net Profits Conveyance dated effective as of October 1, 1992 by and among Xxxxxxxx Production Company, The Xxxxxxxx Companies, Inc., Bank of America, N.A. (as successor in interest to NationsBank of Texas, N.A., as Trustee of Seller, and The Bank of New York Mellon Trust Company, N.A. (as successor in interest to Chemical Bank Delaware), as Delaware Trustee of Seller, as such has been supplemented and amended by the Supplemental Net Profits Conveyance entered by and between Xxxxxxxx Production Company LLC and Bank of America, N.A., as Trustee of Seller, and also for the benefit of the Bank of New York Mellon Trust Company, N.A., as Delaware Trustee of Seller, as such has been further amended by the Amendment to Net Profits Conveyance of even date herewith between Xxxxxxxx Production Company LLC and Bank of America, N.A., as Trustee of Seller, and also for the benefit of the Bank of New York Mellon Trust Company, N.A.
Sample 1
NPI Conveyance means each net profits interest conveyance in form and substance reasonably acceptable to Lender pursuant to which the Borrower from time to time on and after the Eighth Amendment Closing Date conveys to Lender the Net Profit Interest as required under Section 8.7, as the same may be amended, restated or supplemented from time to time in writing by the parties thereto.
Sample 1

Related to NPI Conveyance

  • Public conveyance means a conveyance that the public or a portion of the public has access to and a right to use for transportation, including an airline, railroad, bus, boat, or other public conveyance.

  • Assignment and Conveyance An assignment and conveyance of the Mortgage Loans purchased on a Closing Date in the form annexed hereto as Exhibit 4.

  • Conveyance Agreement means the Conveyance Agreement Master Securitization Terms Number 1000, dated February 29, 2008, as amended and reaffirmed from time to time, among the Master Depositor, Deutsche Bank Trust Company Americas (as successor in interest to The Bank of New York Mellon Trust Company, National Association, formerly known as The Bank of New York Trust Company, N.A.), as eligible lender trustee for the benefit of the Master Depositor, VL Funding, as the depositor, Deutsche Bank Trust Company Americas (as successor in interest to The Bank of New York Mellon Trust Company, National Association, formerly known as The Bank of New York Trust Company, N.A.), as eligible lender trustee for the benefit of VL Funding, and Xxxxxx Xxx, Inc., as master servicer, together with each executed Purchase Agreement (as defined therein), each executed Xxxx of Sale (as defined therein) and all attachments thereto.

  • Assignment and Conveyance Agreement As defined in Subsection 6.01.

  • Conveyance Date means the date of a Conveyance, as specified in the applicable Purchase Notice or Notice of Substitution.

  • Conveyance shall have the meaning specified in Subsection 2.01(a).

  • Conveyancers means conveyancers nominated by the Seller in terms of clause 1.15 of the Contract of Sale;

  • conveyancer means the conveyancer described at paragraph 6 of the Schedule;

  • Other Conveyed Property means all property conveyed by the Seller to the Trust pursuant to Section 2.1(b) through (i).

  • Subsequent Transfer Instrument Each Subsequent Transfer Instrument, dated as of a Subsequent Transfer Date, executed by the Trustee and the Depositor substantially in the form attached hereto as Exhibit Q, by which Subsequent Mortgage Loans are transferred to the Trust Fund.

  • Purchase Agreement Assignment means that certain Purchase Agreement Assignment [NW 1997 I], dated as of February 3, 1998, between Lessee and Lessor, as the same may be amended, supplemented or modified from time to time, with a form of Consent and Agreement to be executed by the Manufacturer attached thereto.

  • Conveyance Documents has the meaning set forth in Section 11.2(a).

  • Conveyance Taxes means all sales, use, value added, transfer, stamp, stock transfer, real property transfer or gains and similar Taxes.

  • Transfer and Servicing Agreement means the Amended and Restated Transfer and Servicing Agreement dated as of May 1, 2007 among the Transferor, the Servicer, and the Indenture Trustee, as the same may be amended, modified or supplemented.

  • Contribution Agreement means that certain Contribution and Conveyance Agreement, dated as of the Closing Date, among the General Partner, the Partnership, the Operating Partnership and certain other parties, together with the additional conveyance documents and instruments contemplated or referenced thereunder, as such may be amended, supplemented or restated from time to time.

  • Transfer Agreement means an executed form of the transfer agreement providing, among other things, that a transferee is bound by the terms of this Agreement and substantially in the form attached hereto as Exhibit D.

  • Bxxx of Sale has the meaning set forth in Section 3.02(a)(i).

  • Asset Transfer Agreement means the asset transfer agreement dated September 12, 2014 between Centurion Real Estate Opportunities Trust and Centurion Apartment REIT pursuant to which Centurion Apartment REIT seeded the initial portfolio of Centurion Real Estate Opportunities Trust.

  • Conveyed Assets shall have the meaning set forth in Section 2.01.

  • Transfer Agreements As defined in the Mortgage Loan Sale Agreement. Transferor: Each seller of Mortgage Loans to the Seller pursuant to the Transfer Agreements.

  • Subsequent Transfer Agreement A Subsequent Transfer Agreement substantially in the form of Exhibit P hereto, executed and delivered by the Sellers, the Depositor and the Trustee as provided in Section 2.01(d).

  • Sale and Purchase Agreement means all the agreements entered into from time to time (whether before, on or after the date of this Agreement) by the Borrower for the sale of the Units and shall include any one or more or all of the Sale and Purchase Agreements.

  • Lease Assignment has the meaning set forth in Section 3.6(d).

  • Conveyancing and Assumption Instruments means, collectively, the various Contracts, including the related local asset transfer agreements and local stock transfer agreements, and other documents entered into prior to the Effective Time and to be entered into to effect the Transfer of Assets and the Assumption of Liabilities in the manner contemplated by this Agreement, or otherwise relating to, arising out of or resulting from the transactions contemplated by this Agreement, in such form or forms as the applicable Parties thereto agree.

  • Sale Agreement means the Sale Agreement Master Securitization Terms Number 1000, dated as of August 15, 2013, among SLM Funding LLC, as Seller, SLM Student Loan Trust 2013-4, as Purchaser, and Deutsche Bank Trust Company Americas, as Interim Eligible Lender Trustee and as Eligible Lender Trustee.