Black Stone definition
Examples of Black Stone in a sentence
The Borrower’s jurisdiction of organization is Delaware; the name of the Borrower as listed in the public records of its jurisdiction of organization is Black Stone Minerals Company, L.P.; and the organizational identification number of the Borrower in its jurisdiction of organization is 2933632.
BLACK STONE MINERALS COMPANY, L.P., as Borrower By: BSMC GP, L.L.C., its General Partner By: Black Stone Minerals, L.P., its Sole Member By: Black Stone Minerals GP, L.L.C., its General Partner By: /s/ ▇▇▇▇▇▇▇ ▇.
Further, the Black Stone Units granted hereby that are no longer subject to Forfeiture Restrictions may not be sold or otherwise disposed of in any manner that would constitute a violation of the Limited Partnership Agreement of the Company, the Limited Liability Company Agreement of the General Partner, any other agreement regulating the transfer of Units or Shares, or any applicable securities laws.
Neither the Black Stone Units, nor the Units or the Shares comprising the Black Stone Units, granted hereby may be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of (other than by will or the applicable laws of descent and distribution) to the extent then subject to the Forfeiture Restrictions.
After the drilling obligations in Section 2.01(a) have been satisfied in addition to all other obligations of Operator under this Agreement, Black Stone shall, on request, execute, acknowledge, and deliver to Operator a recordable instrument that terminates this Development Agreement.
In the event that Operator acquires any additional leases ("Additional Lease") other than the Subject Interests in the AMI Areas prior to Operator's satisfaction of Operator's drilling requirements in Section 2.01, Operator and Black Stone shall execute, acknowledge, and deliver an instrument that amends this Development Agreement so that such Additional Lease will be part of the Subject Interests and Subject Development Lands hereunder.
Subject to the limitations and restrictions on the assignment or delegation by the Parties of their rights and interests under this Development Agreement, this Development Agreement binds and inures to the benefit of Operator, Black Stone and their respective successors, assigns, and legal representatives.
Operator's obligation under Section 2.01(a) shall survive, even if (i) any of the Term Royalty Interest in the Subject Development Lands is Transferred or released in whole or in part by Black Stone or (ii) notwithstanding Sections 11.01 through 11.04 of each of the Term Royalty Conveyance, Operator Transfers, mortgages or pledges the Subject Development Lands or Subject Interests.
The Participant consents to the placing on the electronic book entry for the Black Stone Units an appropriate legend restricting resale or other transfer of the Black Stone Units except in accordance with the Limited Partnership Agreement of the Company, the Limited Liability Company Agreement of the General Partner, any other agreement regulating the transfer of Units or Shares, and all applicable securities laws and rules thereunder.
Operator will give Black Stone a Notice of each Force Majeure as soon as reasonably practicable after the occurrence of the Force Majeure.