Operator Support. From and after the Closing and until the fifth anniversary ofthe Closing Date, Assignee shall (and shall cause all successors to its interests in any of the Assets to): (a) at Assignor's request from time to time, support Assignor or any Affiliate of Assignor as operator of any existing or proposed oil and gas ▇▇▇▇▇ within the Subject Sections or Wellbore Only Sections, and (b) at Assignor's request from time to time not to exceed five years after the Closing, convey to Assignor's designee interests in one or more Subject Section Leases constituting one Net Mineral Acre in a Subject Section or, if lesser, the amount of Net Mineral Acres in such Subject Section included in the Assets (excluding, for the avoidance of doubt, any interest in any existing well in such Subject Section) in exchange for Assignor's payment of $1,000 to Assignee, each such conveyance to be (i) Fee: $62 00 Doc: $0.00 ▇▇▇▇▇ ▇▇▇▇▇▇. ▇▇▇▇▇ ▇▇▇▇▇ County Clerk state of OK effective as of the first day of the month after the date of such request and (ii) made within ten Business Days after such request pursuant to a form of conveyance provided by Assignor, it being understood that Assignor shall not be entitled to make more than one request per Subject Section. Assignee's obligations under this Section 3.2 shall run with the lands underlying the Assets.
Appears in 1 contract
Sources: Assignment and Bill of Sale
Operator Support. From and after the Closing and until the fifth anniversary ofthe of the Closing Date, Assignee shall (and shall cause all successors to its interests in any of the Assets to):
(a) at Assignor's request from time to time, support Assignor or any Affiliate of Assignor as operator of any existing or proposed oil and gas ▇▇▇▇▇ within the Subject Sections or Wellbore Only Sections, and
(b) at Assignor's request from time to time not to exceed five years after the Closing, convey to Assignor's designee interests in one or more Subject Section Leases constituting one Net Mineral Acre in a Subject Section or, if lesser, the amount of Net Mineral Acres in such Subject Section included in the Assets (excluding, for the avoidance of doubt, any interest in any existing well in such Subject Section) in exchange for Assignor's payment of $1,000 to Assignee, each such conveyance to be (i) Fee: 06/06/2024 10.12am Pg 0267--0330 Fee $62 144.00 Doc $0 00 Doc: $0.00 ▇▇▇▇▇ ▇▇▇▇▇▇. ▇▇▇▇▇ ▇▇▇▇▇ - ▇▇▇▇▇▇ County Clerk state of OK effective as of the first day of the month after the date of such request and (ii) made within ten Business Days after such request pursuant to a form of conveyance provided by Assignor, it being understood that Assignor shall not be entitled to make more than one request per Subject Section. Assignee's obligations under this Section 3.2 shall run with the lands underlying the Assets.
Appears in 1 contract
Sources: Assignment and Bill of Sale