Pre-Pooled Interest definition

Pre-Pooled Interest means the undivided Working Interest of each Party in the Title Documents immediately prior to the Effective Date of this Agreement as described for each Party in Schedule “A”.
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Examples of Pre-Pooled Interest in a sentence

  • Each Party hereby pools its respective Pre-Pooled Interest in and to the Title Documents, the Pooled Lands and the Pooled Substances only to the extent necessary for the production of Pooled Substances from the Pooled Lands, so that, as of the Effective Date, all Operations on the Pooled Lands may be conducted without regard to the boundary lines of the separate Title Documents comprising the Pooled Lands.

  • Each Party hereby pools its respective Pre-Pooled Interest in and to the Title Documents, the Pooled Lands and the Pooled Substances only to the extent necessary for the production of Pooled Substances from the Pooled Well, so that, as of the Effective Date, all Operations on the Pooled Lands may be conducted without regard to the boundary lines of the separate Title Documents comprising the Pooled Lands.

  • Each Party will hold each other Party harmless from and against all claims, demands and causes of action for such rentals, taxes, renewal fees, penalties, royalties, Encumbrances and other payments or burdens with respect to its Pre-Pooled Interest in the applicable Title Documents.

  • Its Pre-Pooled Interest is not encumbered with any burdens except the lessor royalty applicable to the Title Documents contributed by it to this Agreement and the Encumbrances.

  • Each Party pools its respective Pre-Pooled Interest in the Pooled Lands only to the extent necessary for the production of Pooled Substances from the Pooled Lands, so that from and after the Effective Date, all Operations, exploration and development of the Pooled Lands may be conducted without regard to the boundary lines of the separate Title Documents comprising the Pooled Lands.

  • Certain Charges Borne in Proportions of Pre-Pooled Interests Each Party will pay all rentals, taxes (except taxes assessed against equipment owned for the Joint Account which will be paid by the Operator and charged to the account of the Parties in accordance with their respective Pooled Interests), renewal fees, penalties, royalties, Encumbrances and all payments or burdens related to that portion of the Title Documents which it contributes to this Agreement in accordance with its Pre-Pooled Interest.

  • Each Party pools its respective Pre-Pooled Interest in the Title Documents, the Pooled Lands and Pooled Substances only to the extent necessary for the production of Pooled Substances from the Pooled Well, so that from and after the Effective Date, all Operations with respect to the Pooled Well may be conducted without regard to the boundary lines of the separate Title Documents comprising the Pooled Lands.

  • Each Party will pay all rentals, taxes (except taxes assessed against equipment owned for the Joint Account which will be paid by the Operator and charged to the account of the Parties in accordance with their respective Pooled Interests), renewal fees, penalties, royalties, Encumbrances and all payments or burdens related to that portion of the Title Documents which it contributes to this Agreement in accordance with its Pre-Pooled Interest.