Future Interests definition
Future Interests means the LP Existing Interests and the GP Existing Interests in existence from time to time (including following an increase of the contribution (Einlage) in the capital of the Company).
Future Interests means all interests that Shipper (or any of its Affiliates or any successor in interest resulting from any merger, reorganization, consolidation or as part of a sale or other disposition of all or any portion of such interests) now or hereinafter owns, controls, acquires or has the right to market (as such marketing rights may change from time to time) in Crude Oil reserves of, and production from, all leases and mineral fee interests, lands and formations (in each case) in, under or attributable to the Future Units, together with any pool, communitized area or unit, and all interests in any ▇▇▇▇▇, whether now existing or drilled hereafter, on or completed within the Future Units, or within any such pool, communitized area or unit, even though such interests may be incorrectly or incompletely stated, all as the same shall be enlarged by the discharge of any burdens or by the removal of any charges or encumbrances to which any of same maybe subject as of July 2, 2018, and any and all replacements, renewals and extensions or amendments of any of the same; provided, however, that “Future Interests” shall not include (a) any Interests or (b) any interest of Shipper or any of its Affiliates that must be offered to a third-party working interest partner pursuant to any applicable agreement with such partner in effect on July 2, 2018, and which such partner receives or elects to receive, as applicable under the affected agreement.
Future Interests means all interests that Shipper (or any of its Affiliates or any successor in interest resulting from any merger, reorganization, consolidation or as part of a sale or other disposition of all or any portion of such interests) now or hereinafter owns, controls, acquires or has the right to market (as such marketing rights may change from time to time) in Crude Oil reserves of, and production from, all leases and mineral fee interests, lands and formations (in each case) in, under or attributable to the Future Units, together with any pool, communitized area or unit, and all interests in any ▇▇▇▇▇, whether now existing or drilled hereafter, on or completed within the Future Units, or within any such pool, communitized area or unit, even though such interests may be incorrectly or incompletely stated, all as the same shall be enlarged by the discharge of any burdens or by the removal of any charges or encumbrances to which any of same maybe subject as of (x) with respect to the ▇▇▇▇▇ Unit, ▇▇▇▇▇ Unit, ▇▇▇▇▇▇ Unit and ▇▇▇▇▇▇ Unit, July 2, 2018, and (y) with respect to the ▇▇▇▇▇▇ Unit, ▇▇▇▇▇ Unit and ▇▇▇▇ Unit, December 14, 2018, and any and all replacements, renewals and extensions or amendments of any of the same; provided, however, that “Future Interests” shall not include (a) any Interests or (b) any interest of Shipper or any of its Affiliates that must be offered to a third-party working interest partner pursuant to any applicable agreement with such partner in effect on (1) with respect to the ▇▇▇▇▇ Unit, ▇▇▇▇▇ Unit, ▇▇▇▇▇▇ Unit and ▇▇▇▇▇▇ Unit, July 2, 2018, and (2) with respect to the ▇▇▇▇▇▇ Unit, ▇▇▇▇▇ Unit and ▇▇▇▇ Unit, December 14, 2018, and which such partner receives or elects to receive, as applicable under the affected agreement.
Examples of Future Interests in a sentence
In the case that the Future Interests should not be sufficiently determinable, the Pledgor is obligated to pledge such Future Interests in accordance with Section 8.6 hereof when the Future Interests become determinable.
More Definitions of Future Interests
Future Interests means all interests that Shipper (or any of its Affiliates or any successor in interest resulting from any merger, reorganization, consolidation or as part of a sale or other disposition of all or any portion of such interests) now or hereinafter owns, controls, acquires or has the right to market (as such marketing rights may change from time to time) in Crude Oil reserves of, and production from, all leases and mineral fee interests, lands and formations (in each case) in, under or attributable to the Future Units, together with any pool, communitized area or unit, and all interests in any wells, whether now existing or drilled hereafter, on or completed within the Future Units, or within any such pool, communitized area or unit, even though such interests may be incorrectly or incompletely stated, all as the same shall be enlarged by the discharge of any burdens or by the removal of any charges or encumbrances to which any of same maybe subject as of July 2, 2018, and any and all replacements, renewals and extensions or amendments of any of the same; provided, however, that “Future Interests” shall not include (a) any Interests or (b) any interest of Shipper or any of its Affiliates that must be offered to a third- party working interest partner pursuant to any applicable agreement with such partner in effect on July 2, 2018, and which such partner receives or elects to receive, as applicable under the affected agreement.
Future Interests means any and all interests in the Company, other than the Existing Interest, which KDG may acquire in future. Future Secondary Pledgee means a Finance Party (other than the Security Trustee and the High Yield Notes Trustee).
Future Interests means any and all interests in the Company, other than the Existing Interests, which the Pledgor may acquire in future. Future Pledgee means a Finance Party (other than an Original Finance Party).
Future Interests has the meaning assigned to such term in Section 2.01.