Common use of Pre-existing Rights Clause in Contracts

Pre-existing Rights. Grantee's rights hereunder shall not cover, shall be subject to and shall not supersede any existing valid oil and gas lease(s) or other agreement(s) for oil and gas development on the Property, such as an operating agreement or other exclusive geophysical agreement (Prior Agreements), whose effective date predates the Effective Date of this Agreement. Grantee must deal with said prior lessees or contractees separately and independently from this Agreement. Should any Prior Agreements terminate as to all depths, either fully or partially, before the end of the Initial Term or the Option Term, if activated, Grantee shall have the right to conduct 3D or other more advanced forms of geological or geophysical surveys or operations on the acreage of the terminated Prior Agreements subject to the following:

Pre-existing Rights. GranteeXxxxxxx's rights hereunder shall not cover, shall be subject to and shall not supersede any existing valid oil and gas lease(s) or other agreement(s) for oil and gas development on the Property, such as an operating agreement or other exclusive geophysical agreement (Prior Agreements), whose effective date predates the Effective Date of this Agreement. Grantee must deal with said prior lessees or contractees separately and independently from this Agreement. Should any Prior Agreements terminate as to all depths, either fully or partially, before the end of the Initial Term or the Option Term, if activated, Grantee shall have the right to conduct 3D or other more advanced forms of geological or geophysical surveys or operations on the acreage of the terminated Prior Agreements subject to the following:

Pre-existing Rights. Grantee's rights hereunder shall not cover, shall be subject to and shall not supersede any existing valid existingvalid oil and gas lease(s) or other agreement(s) for oil and gas development on the Property, such as an operating agreement or other exclusive geophysical agreement (Prior Agreements), whose effective date predates the Effective Date of this Agreement. .Grantee must deal with said prior lessees or contractees separately and independently from this Agreement. Should any Prior Agreements terminate as to all depths, either fully or partially, before the end of the Initial Term or the Option Term, if activated, Grantee shall have the right to conduct 3D or other more advanced forms of geological or geophysical surveys or operations on the acreage of the terminated Prior Agreements subject to the following:

Pre-existing Rights. GranteeXxxxxxx's rights hereunder shall not cover, shall be subject to and shall not supersede any existing valid existingvalid oil and gas lease(s) or other agreement(s) for oil and gas development on the Property, such as an operating agreement or other exclusive geophysical agreement (Prior Agreements), whose effective date predates the Effective Date of this Agreement. .Grantee must deal with said prior lessees or contractees separately and independently from this Agreement. Should any Prior Agreements terminate as to all depths, either fully or partially, before the end of the Initial Term or the Option Term, if activated, Grantee shall have the right to conduct 3D or other more advanced forms of geological or geophysical surveys or operations on the acreage of the terminated Prior Agreements subject to the following: