Burdens Clause Samples
Burdens. The Leasehold Interests to be acquired by the Program shall be subject to and McMoRan and Participant each shall bear its proportionate part of all third party overriding royalties and other burdens on Leasehold Interests (including subsequently acquired Leasehold Interests in the Prospect AMI) which McMoRan contracts for incidental to the acquisition or evaluation of such Leasehold Interests. Participant acknowledges that McMoRan has heretofore entered into a retainer agreement with a Technical Consultant and may enter into similar agreements with others during the Program Term. Without the consent of Participant, McMoRan agrees not to subject any Leasehold Interests to overriding royalty burdens to its Technical Consultants which exceed the amounts deliverable to its current Technical Consultant, CLK Company, L.L.C.(CLK),under their existing agreement as described in the letter to Participant dated the date hereof. McMoRan has provided Participant with a copy of its current consulting agreement with CLK and Participant agrees that it will bear its proportionate part of the overriding royalties to which CLK is entitled pursuant to the terms of said consulting agreement as to any Leasehold Interests acquired hereunder as well as to any Leasehold Interests that Participant may acquire pursuant to an AMI agreement subject hereto.
Burdens. Except as set forth in Schedule 3.25, and except for amounts owed to Third Parties that are held in suspense and amounts disputed in good faith, Seller and its Affiliates have properly and timely paid, or caused to be paid, in all material respects, all Burdens due upon the Seller's and its Affiliates' interest in production from the ▇▇▇▇▇ prior to the Effective Time in accordance with the applicable Leases and Legal Requirements.
Burdens. ANEC acknowledges that its working interest in the acreage it is committing or may subsequently acquire in the AMI may be less than 100%, and furthermore that its working interest in the AMI is burdened by overriding royalty interests, net profits interests, production payments and/or other burdens on production. The Parties hereto agree that ExxonMobil's working interest and royalty share of production from the AMI shall be free and clear of any such burdens, and all such burdens shall be borne solely by ANEC's share of production developed under the AMI.
Burdens. Except as set forth in such Seller’s Schedule 9.11, if (a) such Seller or any of its Affiliates is the operator of such Assets, such Seller or its applicable Affiliates have paid or caused to be paid in accordance with applicable Law and the terms of the applicable Leases, in all material respects, all Burdens due by such Seller with respect to its interest in the Assets, and (b) neither such Seller nor any of its Affiliates is the operator of such Assets, then, to the Knowledge of such Seller, the applicable operator has paid or caused to be paid in accordance with applicable Law and the terms of the applicable Leases, in all material respects, all Burdens due with respect to such Seller’s interest in such Assets.
Burdens. Seller shall ensure that all expenses, burdens and obligations (including, without limitation, royalties, overriding royalties, rentals and other charges) attributable to the Assets that are due and payable prior to the Closing Date are properly and fully paid prior to the Closing Date.
Burdens. Seller has not assigned, conveyed, or otherwise created any overriding royalty interest or other royalty interest, production payment, net profits interest, oil payment, or other similar burden on production from the Assets that reduces Seller’s Net Revenue Interest in any Lease during the twelve (12) months prior to the Effective Time until the Execution Date.
Burdens. Except for such items that are being held in suspense as permitted pursuant to applicable Law, and except as set forth on Schedule 4.25, the Company Group has properly and timely paid, or caused to be paid, in all material respects all Burdens due by the Company Group with respect to the Assets.
Burdens. The NPG ORI shall (i) not bear any of the costs of producing, storing, separating, treating, dehydrating, processing, gathering or transporting or otherwise making the oil gas and leased substances produced from the leases in question ready for sale, except taxes applicable to said interest and the production attributable thereto, and (ii) remain effective as to all extensions, replacements, new leases, and renewals of the Leases acquired by Solaris and its successors, assigns, within 6 months of the expiration of the existing lease.
Burdens. The Parties hereby agree to share on an equal basis existing burdens on lands within the Dune AMI including but not be limited to royalty interests, overriding royalty interests and any other burdens affecting said lands including the burden sharing provided for in the EMDA. All overriding royalty interests, net profits interest and production payments created through the reorganization of Couba Operating, Inc., will be born solely by ANEC.
Burdens. The only Burdens of a material nature to which the Property is subject are those disclosed in Section 3 of Part 2 of the Schedule. The Seller has told us that it has not received notice of any breach of and is not aware of any breach of those Burdens and that those Burdens do not materially adversely affect the Existing Use or the Proposed Use. The Property is not affected by the provisions of Part 3 of the Land Reform (Scotland) ▇▇▇ ▇▇▇▇. [The Property is within an area designated as "Excluded Land" in terms of section 33 of the Land Reform (Scotland) ▇▇▇ ▇▇▇▇ and The Community Right to Buy (Definition of Excluded Land) (Scotland) (Order) 2009.] OR [The Seller has told us that it is not aware of any proposals to register a community interest in respect of the Property in terms of Part 2 of the Land Reform (Scotland) Act 2003.] The Seller has told us that it is not aware that any person is in the process of acquiring the benefit of a Burden over the Property through prescription. Where any such Burden requires registration in the Land Register in order to be effective, that registration has been properly effected.