Examples of Said Leases in a sentence
Code § 454.5 (a) (2018) 1CALIFORNIA PUBLIC UTILITIES COMMISSION DECISIONSDecision 15-01-024, 2015 Cal.
The Assignment contains an overriding royalty reservation (“the Reservation”) that states: Assignor RESERVES AND EXCEPTS from this Assignment of Oil and Gas leases an overriding royalty interest equal to the difference between existing landowner royalty and overriding royalty burdens as of October 27, 2006 and a total burden of 20% on all oil, gas and casinghead gas, condensate, natural gas liquids, and all other minerals and substances produced from the lands covered by Said Leases.
Failure of Farmee to timely make payment of this additional consideration to Farmor, shall cause this Agreement to terminate, expire and become of no further force and/or effect, and no assignment shall be due and owing from Farmor to Farmee as to any remaining Said Leases that have yet to be assigned to Farmee.
If the Grantor disposes, in any manner whatsoever, of its interest in this Royalty Procedure, the Royalty Lands, the Said Leases or any portion or portions thereof, it shall at all times continue to be bound by the provisions of this Royalty Procedure as if there had been no assignment, until such time as the Royalty Owner shall have been served with a document reflecting the assignment.
Surface lease rentals, mineral lease rentals, municipal taxes and any similar payments made by or on behalf of Vendor to preserve any of the Said Leases or any surface leases or any of the Assets shall be apportioned between Vendor and Purchaser as of the Effective Time.
Further, and notwithstanding any less stringent or otherwise different conditions or other provisions in this Agreement, Farmee shall commence and conduct all operations contemplated by this Agreement in accordance with the provisions of the Hxx Xxxxx Acreage and Said Leases, including without limitation, conditions and provisions for extending and maintaining the Hxx Xxxxx Acreage and Said Leases in effect.
Budden Crescent has 4 registered beds but is currently being operated as a 2 bed facility due to current staffing levels.
Said Leases hxxx xxxxxxxxxxxxx xxxxxxx xx xxxxxx xxx original terms of the Leases through 2012.
Farmor shall retain an overriding royalty being the difference between all royalty burdens and Twenty- Five Percent (25%), therein delivering to Farmee a Fifty-Two and One-Half Percent (52.50%) of Eight-Eighths (8/8ths) Net Revenue Interest in and to Said Leases.
The option of Farmee to continuously develop Said Leases by the drilling of Horizontal Lateral Exxxxxx Limestone Test Wxxxx shall be continuous as long as there is not a lapse of more than Sixty (60) days between wxxxx as heretofore described and at least a total of Six (6) Horizontal Lateral Exxxxxx Limestone Tests have been drilled and completed on Said Leases within a period of Two (2) years from the date of this Agreement.