Common use of Additional Title and Operating Documents Clause in Contracts

Additional Title and Operating Documents. Provided that the Grantor acts reasonably and in accordance with prudent oil and gas industry practices, the Grantor shall have the right to enter into and, subject to Section 5.3, amend Title and Operating Documents, from time to time, on such terms and conditions as it considers appropriate in its sole discretion.

Appears in 4 contracts

Sources: Royalty Agreement, Royalty Agreement (Paramount Energy Trust), Royalty Agreement (Paramount Energy Trust)

Additional Title and Operating Documents. Provided that the Grantor acts reasonably and in accordance with prudent oil and gas industry practices, the The Grantor shall have the right to enter into and, subject to Section 5.3, and amend Title and Operating Documents, from time to time, on such terms and conditions as it considers appropriate in its sole discretion, provided that it acts in accordance with prudent oil and gas industry practices and in good faith in connection therewith.

Appears in 3 contracts

Sources: Net Profit Interests Agreement (Baytex Energy Trust), Npi Agreement (Penn West Energy Trust), Net Profit Interests Agreement (Baytex Energy LTD)

Additional Title and Operating Documents. Provided that the The Grantor acts reasonably and in accordance with prudent oil and gas industry practicesshall, the Grantor shall subject to section 6.3, have the right to enter into and, subject to Section 5.3, and amend Title and Operating Documents, from time to time, on such terms and conditions as it considers appropriate in its sole discretion, provided that it acts in accordance with prudent oil and gas industry practices and in good faith in connection therewith.

Appears in 2 contracts

Sources: Royalty Agreement (Primewest Energy Trust), Royalty Agreement (Primewest Energy Trust)