Effect of Sale. From and after the actual date of any such Transfer by Assignor, Assignor and any assignee, purchaser, transferee or grantee of such Subject Interest shall be relieved of all obligations, requirements and responsibilities arising under the Royalty Interest or this Conveyance with respect to the Development Well or Subject Interests Transferred, except for those that accrued prior to such date.
Appears in 18 contracts
Samples: Term Overriding Royalty Interest (SandRidge Mississippian Trust II), Perpetual Overriding Royalty Interest Conveyance (SandRidge Mississippian Trust I), Perpetual Overriding Royalty Interest Conveyance (SandRidge Permian Trust)
Effect of Sale. From and after the actual date of any such Transfer by Assignor, Assignor and any assignee, purchaser, transferee or grantee of such Subject Interest shall be relieved of all obligations, requirements and responsibilities arising under the Royalty Interest or this Conveyance with respect to the Development Well or Subject Interests Transferred, except for those that accrued prior to such date.
Appears in 14 contracts
Samples: Term Overriding Royalty Interest (SandRidge Mississippian Trust II), Term Overriding Royalty Interest Conveyance (SandRidge Permian Trust), Perpetual Overriding Royalty Interest Conveyance (SandRidge Permian Trust)
