the ORR definition
Examples of the ORR in a sentence
Right shall entitle Seller to purchase the ORR ▇▇▇hts offered or intended to be offered by Buyer at the same price and on the same terms as are offered or intended to be offered to third parties.
To the extent that Seller ever obtains a final judgment for damages against Buyer (including any successor owner of the ORR ▇▇▇hts), then Seller shall be entitled to setoff such damages against any amounts payable under the Overriding Royalty Documents by Seller to Buyer (or to any such successor owner) until Seller shall have recovered such damages (with interest thereon at the Agreed Rate) in full.
Exploration Participation Plan dated January 1, 1988 (the "ORR ▇▇▇n") shall have been terminated.
Right shall apply to any proposed transaction or series of transactions the result of which would be that the ORR ▇▇▇hts or portions thereof would come to be held by a party that is not an Affiliate of Buyer at the time the transfer is proposed.
The Stockholders shall cause the Buy-Sell and Voting Agreement dated as of November 29, 1989 to which the Stockholders are parties (the "Stockholders' Agreement") and the ORR ▇▇▇n to be terminated, effective at or prior to the Effective Time, and each of the Stockholders, the Warrantholders and the Preferred Stockholders who are parties to the Stockholders Agreement agrees that the Stockholders Agreement is hereby terminated effective as of the Effective Time, and each of Walt▇▇, ▇.
So long as the patents, or any of them, listed in the first recital to this Agreement shall remain valid, enforceable and unexpired, Eurotech shall pay to Kurchatov an overriding royalty interest (the "ORR") of two per cen▇.
The closing for the consummation of the sale and purchase of the first component of the ORR ▇▇▇hts (herein called the "INITIAL CLOSING") shall, unless another date, time or place is agreed to in writing by Seller and Buyer, take place at the offices of Milbank, Tweed, Hadl▇▇ & ▇cCl▇▇ ▇▇ Los Angeles, California on a date (herein called the "INITIAL CLOSING DATE") which is on or about the date of this Agreement.
Payment of the ORR shall be convert▇▇ into U.S. dollars at the rate of exchange applicable to the currency in which the Gross sales are made as established by the trustee New York City bank as Kurchatov may from time to time designate (the "Trustee") All payments of the ORR shall be made in ▇.S.
Seller's rights under this subsection shall be superior to, and may be enforced by Seller notwithstanding, any mortgage, deed of trust, financing statement, or other lien upon any of the ORR ▇▇▇hts.
Upon the terms and conditions of this Agreement, Seller agrees to sell the ORR ▇▇▇hts to Buyer and Buyer agrees to purchase the ORR ▇▇▇hts from Seller.