Examples of Nytis in a sentence
NYTIS EXPLORATION COMPANY LLC By: Nytis Exploration (USA) Inc., its Manager By: /s/ Xxxxxxx X.
It is our understanding that the proved reserves estimates in this report constitute 100 percent of all proved hydrocarbon reserves owned by Nytis Exploration Company LLC (“Nytis”).
Additionally, it is understood that Nytis may engage a legitimate third party contract operator, which is mutually acceptable to the parties hereto, to consummate the actual Drilling and Completion Activities to be conducted on each designated prospect.
Section 3.1 Nytis Exploration Company, LLC – Contract No. 183408 Section 3.2 Kinzer Business Realty, LTD – Contract No. 24661 Section 3.3 Diversified Production LLC – Contract No. 185307 Section 3.4 Diversified Production LLC – Contract No. 185308 Section 3.5 Old Dominion Electric Coop, Inc.
The accidental omission to give notice of any meeting of Directors or the non- receipt of any such notice by any Director or Alternate Director does not invalidate any act, or resolution passed, at a Directors' meeting.
Such acquired interest shall be offered to the non-acquiring party on a heads up basis: sixty percent (60%) to Nytis and forty percent (40%) to Liberty.
Simultaneously with Liberty’s payment of the Initial Payment, Nytis shall deliver to Liberty a recordable assignment, in substantially the form attached hereto as Exhibit E (the “Assignment”), assigning Liberty forty percent (40%) of all of Nytis’ undivided right, title and interest in and to the Leases.
Nytis shall be the Operator under the Operating Agreement and in such capacity shall carry out or cause to be carried out all Drilling and Completion Activities as well as all other operations covered by the Operating Agreement; provided, however, that Nytis shall be permitted to assign its obligations as Operator in accordance with the Operating Agreement.
Each and every Assignment contemplated herein shall be made with a warranty of title, by, through and under Nytis, but not otherwise, and such assignment(s) shall be subject to the terms contained in this Agreement and the applicable operating agreements and/or pooling orders, if any.
The liability of Nytis and Carbon pursuant to this Article X shall be joint and several.