Property Interests Clause Samples

Property Interests. No real or other property of the Company or any Series shall be deemed to be owned by any Member individually, but shall be owned by and title shall be vested solely in the Company or the Series, as applicable. The Interests of the Members shall constitute personal property.

Property Interests. If the Executive’s employment with the Company is terminated, and within three years of such termination, the Executive acquires for his account, directly or indirectly, other than from the Company or its subsidiaries any present or future interest in any mining claims or properties or mineral interests within 10 kilometers of the external boundaries of any mineral property held by the Company during the time the Executive was employed by the Company, the Executive will offer the Company, in writing the right to acquire such interest in exchange for reimbursement of his direct and indirect acquisition costs. The Company shall have 30 days after receipt of such offer to accept the offer and 90 days after receipt of such offer to reimburse such costs. For further clarity, the requirements of the Section 6.5 shall not preclude a company that employs the Executive subsequent to the termination of the Executive’s employment with the Company from acquiring, directly or indirectly, any present or future interest in any mining claims or properties or mineral interests wherever situated for the account of such company.

Property Interests. All of Seller’s, right, title and interest in and to the following shall herein be called the Property Interests: (i) The oil, gas and water injection ▇▇▇▇▇ described in EXHIBIT A hereto (the “▇▇▇▇▇”), together with all oil, gas and mineral production from the ▇▇▇▇▇; (ii) All oil, gas, casinghead gas, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all products refined therefrom, together with all minerals produced in association with these substances (collectively called the “Hydrocarbons”) in and under and which may be produced and saved from or attributable to the ▇▇▇▇▇, and all profits, proceeds, products, revenues and other income from or attributable thereto; (iii) All the property, rights, privileges, benefits and appurtenances in any way belonging, incidental to, or pertaining to the property, interests and rights described in Sections A (i) through A (iv) including the ▇▇▇▇▇ and reserves of unproduced oil and natural gas in place, including, to the extent transferable, all exploration agreements, letter agreements, product purchase and sale contracts, surface leases, gas gathering contracts, processing agreements, compression agreements, equipment leases, permits, gathering lines, rights-of-way, easements, licenses, farmouts and farmins, options, orders, pooling, spacing or consolidation agreements and operating agreements and all other agreements relating thereto into which the Seller has entered (the “Contracts”); and (iv) All of the files, records, data (including seismic data and related information) and other documentary information maintained in the normal course of business by Seller pertaining to the ▇▇▇▇▇, Hydrocarbons and the Contracts (collectively, the “Data”) in the format maintained by Seller. The Data shall not, however, include any information, which, if disclosed, would cause Seller to breach any contract or agreement. Seller will use reasonable efforts to obtain any required consent to disclose such information. Notwithstanding anything in this Agreement to the contrary, (i) Seller will retain and not transfer to Buyer the Property Interests described in Exhibit A-2, including but not limited to, any Property Interests expressly retained by Seller or otherwise disposed of not in violation of any provision of this Agreement during the period from date hereof until the date of the proposed Final Settlement Statement as described in Article I-G below (the “Excluded Assets”); and (ii) Buyer will not assume and w...

Property Interests. All tangible, intangible and mixed property interests (which include any and all rights and licenses, express or implied) that arise as a result of the Development Work under this Agreement shall be owned by the Participants as tenants in common in undivided ownership interests; subject, however, to the limitations set forth in this

Property Interests. The RDT Interests are free and clear of adverse claims created by, through or under RDT except those arising in the ordinary course of business and that would not have a Material Adverse Effect on RDT and, to its knowledge, RDT holds the RDT Interests under valid and subsisting patents and licenses or other agreements except where the failure to so hold the RDT Interests would not have a Material Adverse Effect on RDT.

Property Interests. Subject to the provisions and terms contained herein, Seller and Buyer agree that Seller will (a) sell to Buyer all of Seller's right, title and interest in and to the Mineral Interests, (b) assign to Buyer all of Seller's right, title and interest in and to the Geothermal Lease and (c) grant to Buyer the Easement. The Mineral Interests, Geothermal Lease and Easement are sometimes referred to herein collectively as the "PROPERTY INTERESTS".

Property Interests. District shall acquire all land, easements, and rights of way required for the construction, operation, and maintenance of the First Expansion Facilities including real property interests owned by City where applicable. City shall assist with the identification and acquisition of all water storage sites within its respective Service Areas. If City either acquires real property for District’s portion of the First Expansion Facilities, or agrees to the utilization of already owned property for District’s portion of the Project, then District shall acquire the real property from City at the Property Cost.

Property Interests. (a) Seller has good and marketable title to, or has valid leasehold interests in, the Acquired Assets, free and clear of all Liens except the Permitted Liens and except as set forth on Schedule 7.1.2(a) hereto. (b) Schedules 2.1.1, 2.1.2 and 2.

Property Interests. Schedule 3.2.11 (a) lists all ------------------ material real property, coal and mineral interests owned, leased or otherwise held by the Company or any of its Subsidiaries as of the date hereof (the "Property Interests"), (b) indicates which Property Interests are owned by the Company or any of its Subsidiaries (the "Owned Property Interests") and (c) indicates which Property Interests are leased by the Company or any of its Subsidiaries (the "Leased Property Interests"). The Company or one of its Subsidiaries has such title or leasehold interest to the Property Interests as is necessary to permit the operation of such properties, substantially in the manner such properties are operated by the Company and its Subsidiaries as of the date hereof, free and clear of any and all Encumbrances, except as may result from the expiration of any leasehold interest. With respect to each of the Owned Property Interests, the Company has such title as is reasonably necessary to permit the operation of such properties, substantially in the manner such properties are currently operated by the Company and its Subsidiaries, free and clear of any and all Encumbrances. The coal estates listed as Owned Property Interests are coal estates to which the Company or one of its Subsidiaries has ownership rights by deed and the coal estates listed as Leased Property Interests are coal estates to which the Company or one of its Subsidiaries has leasehold interests pursuant to lease, in each such case, free and clear of any and all Encumbrances. There has been no actual and Cyprus Amax does not have Knowledge of any proposed condemnation, requisition or taking by any public authority of any portion of the Property Interests.