Mineral Interests definition
Mineral Interests means rights, estates, titles, and interests in and to oil and gas leases and any oil and gas interests, royalty and overriding royalty interest, production payment, net profits interests, oil and gas fee interests, and other rights therein, including, without limitation, any reversionary or carried interests relating to the foregoing, together with rights, titles, and interests created by or arising under the terms of any unitization, communization, and pooling agreements or arrangements, and all properties, rights and interests covered thereby, whether arising by contract, by order, or by operation of Laws, which now or hereafter include all or any part of the foregoing.
Mineral Interests. “Improvements,” “Premises,” “Fixtures,” “Leases,” “Rents,” “Personalty,” “Permits,” “Proceeds,” “Deposit Accounts,” “Tax Refunds,” “Insurance” and “Condemnation Awards,” to secure the payment and performance of the Secured Obligations, and agrees that Mortgagee shall have all the rights and remedies of a secured party under the UCC with respect to such property. Any notice of sale, disposition or other intended action by Mortgagee with respect to all existing or hereafter acquired “as-extracted collateral,” “Mineral Interests,” “Improvements,” “Premises,” “Fixtures,” “Leases,” “Rents,” “Personalty,” “Permits,” “Proceeds,” “Deposit Accounts,” “Tax Refunds,” “Insurance” and “Condemnation Awards” or other Mortgaged Property, sent to Mortgagor at least ten (10) days prior to any action under the UCC shall constitute reasonable notice to Mortgagor.
Mineral Interests means rights, estates, titles, and interests in and to oil, gas, sulphur, or other mineral leases and any mineral interests, royalty and overriding royalty interest, production payment, net profits interests, mineral fee interests, and other rights therein, including, without limitation, any reversionary or carried interests relating to the foregoing, together with rights, titles, and interests created by or arising under the terms of any unitization, communization, and pooling agreements or arrangements, and all properties, rights and interests covered thereby, whether arising by contract, by order, or by operation of Laws, which now or hereafter include all or any part of the foregoing.
Examples of Mineral Interests in a sentence
The term “Acquisition” means any transaction whereby Borrower acquires Mineral Interests including specifically producing oil and gas properties with an Advance under the Operating Loan.
Borrower has requested that Lender extend to Borrower a revolving credit facility to finance ▇▇▇▇▇▇▇▇’s general working capital and operating expenses, Borrower’s cost to purchase additional Mineral Interests, and Borrower’s costs and expenses for enhancements to Borrower’s Mineral Interests.
Effective as of the original Execution Date, Exhibit A-1 (Leases; Mineral Interests) to the Purchase Agreement is hereby amended by adding the overriding royalty interests listed on Annex II Part 1 and the leases on Annex II Part 2.
Within ten (10) days of ▇▇▇▇▇▇’s request, Borrower shall execute and deliver to Lender Mortgages (in form and substance satisfactory to Lender in its sole discretion) for all Mineral Interests not subject to a perfected Lien in favor of Lender.
Without the written consent of Lender, Borrower will not, nor will Borrower permit, any capital expense, excluding drilling expenses incurred to maintain and develop the Mineral Interests and excluding expenses incurred for the purchase of equipment or rolling stock to be used in Borrower’s business or for improvements to assets actually used in Borrower’s business.
More Definitions of Mineral Interests
Mineral Interests means interests in Hydrocarbons constituting royalty and leased mineral fee interests, including lessor royalties, overriding royalty interests, non-participating royalty interests, net profit interests, production payments and any other similar non-participatory interests, in each case, which do not bear a share of drilling, operating, or other costs as a participating mineral owner.
Mineral Interests means all right, title, interest and estates now owned or hereafter acquired in and to oil and gas leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests and production payment interests, including any reserved interests, reversionary interests, carried working interests, or residual interests of whatever nature.
Mineral Interests is defined in subsection (b) of the definition of “Asset Seller Assets.”
Mineral Interests means rights, estates, titles, and interests in and to oil and gas leases, oil and gas mineral leases, oil and gas royalty interests and overriding royalty interests, oil and gas production payments and net profits interests, oil and gas fee interests, and other real property rights in and to oil and gas reserves, including any reversionary or carried interests relating to the foregoing and any rights, titles, and interests created by or arising under the terms of any unitization, communitization, and pooling agreements or arrangements relating to the foregoing, whether arising by contract, by order, or by operation of Law.
Mineral Interests mean leasehold and other interests of the Company or a Restricted Subsidiary in or under oil, gas or other mineral fee interests, overriding royalty and royalty interests and any other interest in Hydrocarbons and any other interest in minerals in place, wherever located, and classified by the Board of Directors of the Company as capable of producing Hydrocarbons by the Company or a Restricted Subsidiary, except any Mineral Interest which in the opinion of the Board of Directors of the Company is not of material importance to the total business conducted by the Company and its Restricted Subsidiaries.
Mineral Interests means rights, estates, titles, and interests in and to oil and gas leases, coal bed methane leases, and any oil and gas interests, royalty and overriding royalty interests, production payments, net profits interests, oil and gas fee interests, and other rights therein, including, without limitation, any reversionary or carried interests relating to the foregoing, together with rights, titles, and interests created by or arising under the terms of any unitization, communitization, and pooling agreements or arrangements, and all properties, rights and interests covered thereby, whether arising by contract, by order, or by operation of Law, which now or hereafter include all or any part of the foregoing.
Mineral Interests means all present and future rights, titles and interests that Borrower or any other Company may now have or hereafter acquire in and to all (i) oil, gas and/or mineral leases, royalty and overriding royalty interests, production payments, farm-out agreements, net profit interests and mineral fee interests, (ii) present and future unitization, communication and pooling arrangements (and all properties covered and units created thereby), whether arising by contract or operation of law, which now or hereafter include all or any part of the foregoing and (iii) lands now or hereafter subject to any of the foregoing.