MINERAL RESERVATION Sample Clauses

MINERAL RESERVATION. The quitclaim deed shall transfer only the surface estate of the Property to the Buyer, and the City shall specifically exclude and reserve unto itself any and all interest in and to all of the mineral rights of whatsoever nature or kind in, under, and that may be produced from the Property, including rights to any oil, gas, gravel, clay, scoria, sulphur, and all other minerals whether similar or dissimilar, and including the rights to any oil royalties, gas royalties, overriding royalty interests, working interests, royalties in casinghead gas and all other royalties whatsoever. The City also reserves the right of ingress and egress to the Property for exploring for, drilling, mining, storing, and transporting any of the minerals reserved unto itself.

MINERAL RESERVATION. For Grantor and Grantor's heirs successors, and assigns forever, a reservation of all oil, gas and other minerals that are in and under the property and that may be produced from the property. If this interest is subject to an existing lease for oil and gas or oil, gas, and other minerals, Grantor is entitled to receive the royalties and other benefits that are associated with the interest and payable under the lease. Grantor waives the right of ingress and egress to and from the surface of the Property relating to the portion of the mineral estate owned by Grantor. Nothing herein, however, restricts or prohibits the pooling or unitization of the portion of the mineral estate owned by Grantor with land other than the Property; or the exploration or production of the oil, gas, and other minerals by means of ▇▇▇▇▇ that are drilled or mines that open on land other than the Property but enter or bottom under the Property, provided that these operations in no manner interfere with the surface or subsurface support of any improvements constructed or to be constructed on the Property The provisions of this section B(2) regarding the Property will be included in the deed with appropriate modification of terms as the context requires.

MINERAL RESERVATION. There shall be reserved from the conveyance hereunder for Seller and Seller’s successors and assigns, all of Seller’s interest, if any: (i) in and to the oil, gas, and other minerals that are in, on and under the Property and that may be produced from the Property, and (ii) in and to or pursuant to any lease (either as lessee or lessor) and any other agreement covering or in any way affecting the mineral estate in, on or under any portion of the Property, and (iii) in and to any compressors, rigs, tank batteries, pipe, gathering lines, flow lines, gas pipelines, water pipelines, other pipelines, subsurface wellbores, treaters, power lines or equipment, seismic equipment, processing equipment, personal property, fixtures, and other structures, equipment and machinery on the Property and in any way related to the development, drilling, production, storage, transportation, processing, reworking or other handling of or operations related to any oil, gas or other minerals (collectively, the “Mineral Reservation”). The Mineral Reservation shall be a Permitted Encumbrance and shall be reserved in the Deed (defined below).

MINERAL RESERVATION. The State of California, pursuant to Section 2 of Chapter 1333 of the Statutes of 1968, as amended, has reserved all subsurface mineral deposits, including oil and gas deposits, on or underlying the Premises. In accordance with the provisions of said Statutes, Port and Tenant shall and hereby do grant to the State of California the right to explore, drill for and extract said subsurface minerals, including oil and gas deposits, from such area. In no event shall Port be liable to Tenant for any Claims arising from such exploration or drilling, nor shall such exploration or drilling constitute an actual or constructive eviction of Tenant, or entitle Tenant to any abatement or diminution of Rent or otherwise relieve Tenant from any of its obligations under this Lease.

MINERAL RESERVATION. Notwithstanding the description of the Property in Section 1.1 above, Seller shall reserve all subsurface oil, minerals, natural gas, all surface-mined materials such as sand, gravel and aggregate, coal, and the like, or other similar materials of any nature (the "Mineral Reservation").

MINERAL RESERVATION. There shall be reserved from the conveyances hereunder for Seller and Seller’s successors and assigns, all of Seller’s interest in the water (including, without limitation, underground water from any and all depths and geological formations, surface water, diffuse surface flow and runoff, and harvested rain water), oil, gas, and other minerals that are in, on and under the Real Property and that may be produced from it; provided, however, that Seller shall not have the right of ingress and egress over the surface of the Real Property for the purpose of mining, drilling, exploring, or developing the water, oil, gas or other minerals. Notwithstanding anything to the contrary, nothing contained herein shall be construed as preventing Seller from developing or producing the water, oil, gas and other minerals in and under the Real Property by pooling or by directional or horizontal drilling under the Real Property from well sites located on tracts other than the Real Property; provided that such drilling does not adversely affect the support of the surface of the Property. Such water and mineral reservation shall be reserved in the Deeds and shall be a Permitted Exception.

MINERAL RESERVATION. The State of California (“State”), pursuant to Section 2 of Chapter 1333 of the Statutes of 1968, as amended, has reserved all subsurface mineral deposits, including oil and gas deposits, on or underlying the License Area and Licensee acknowledges such reserved rights including necessary ingress and egress rights. In no event shall Port be liable to Licensee for any Claims arising from the State’s exercise of its rights nor shall such action entitle Licensee to any abatement or diminution of Fees or otherwise relieve Licensee from any of its obligations under this License.

MINERAL RESERVATION. Seller agrees to sell and convey to the Purchaser fifty-one percent (51%) of the oil, gas, and other minerals in and under and that may be produced from the Land and all of the executive rights applicable to the Land together with the right of ingress and egress for the purpose of exploring, drilling, mining for, and producing oil, gas, and other minerals, which will entitle Purchaser to fifty-one percent (51%) of all royalties under any existing and/or future leases. Seller will reserve unto itself, its heirs, successors and assigns, forty-nine percent (49%) of the oil, gas, and other minerals in and under and that may be produced from the Land subject to this Agreement, together with the right to receive a like part of all royalties, bonuses, and rentals payable under any lease in the proportion that the reserved interest bears to one hundred percent (100%) of the fee mineral interest under the Land. Seller is expressly authorized to enter into any mineral lease pending Closing, and the conveyance to Purchaser under this Agreement will be subject to any mineral lease existing at Closing. In the event that a mineral lease is executed after the Effective Date, but prior to the Closing Date, Seller shall pay Purchaser at Closing fifty-one percent (51%) of all royalties, bonuses and rentals received by Seller after the Effective Date, but prior to Closing Date, on any such executed mineral lease. Purchaser agrees to ratify any mineral lease existing as of the Closing Date. Anything to the contrary herein notwithstanding, Purchaser has the right to approve any mineral lease prior to its execution. Such approval shall not be unreasonably withheld. If Purchaser fails to approve or reject any mineral lease within ten (10) business day after the same has been submitted to Purchaser by Seller, such mineral lease shall be deemed approved. In the event that a mineral lease is executed after the Effective Date, but prior to the Closing Date, Seller shall pay Purchaser at Closing, in addition to the above, fifty-one percent (51%) of all payments received for surface damages and one-hundred percent (100%) of all payments received for easements for roads and transmission lines.

MINERAL RESERVATION. The State of California (“State”), pursuant to Section 2 of Chapter 1333 of the Statutes of 1968, as amended, has reserved all subsurface mineral deposits, including oil and gas deposits, on or underlying the Premises and Tenant acknowledges such reserved rights including necessary ingress and egress rights. In no event shall Port be liable to Tenant for any Claims arising from the State’s exercise of its rights nor shall such action entitle Tenant to any abatement or diminution of Rent or otherwise relieve Tenant from any of its obligations under this Lease.