Subject Assets. The Subject Assets shall mean all of the coal reserves and real property described in, and conveyed, demised or otherwise granted in or under the following deeds and instruments, to Western Land Company, LLC and/or Western Diamond LLC, subject to all rights-of-way, easements, leases, deed and plat restrictions, partitions, severances, encumbrances, licenses, reservations, conveyances and exceptions which are of record as of the date of the exercise of the Option by Elk Creek, and to all rights of persons in possession, and to physical conditions, encroachments and possessory rights which would be evident from an inspection of the property at such time:
Appears in 11 contracts
Samples: Membership Interest Purchase Agreement (Armstrong Coal Company, Inc.), Royalty Deferment and Option Agreement (Armstrong Coal Company, Inc.), Royalty Deferment and Option Agreement (Armstrong Energy, Inc.)
