Lease Burdens definition

Lease Burdens means the royalties, overriding royalties, production payments, net profit interests, and all similar interests burdening the Leases or production therefrom.

Lease Burdens means the royalties, overriding royalties, production payments, net profit interests, and all similar interests burdening the Leases or production therefrom, that are: (i) legally binding and enforceable at law or in equity; and (ii) the obligation with respect to which was created prior to the Effective Date, whether or not conveyed or of record prior to such date.

Lease Burdens means royalties, overriding royalties (other than the Overriding Royalty Interests), net profits interests, production payments and other burdens on production.

Examples of Lease Burdens in a sentence

• Each Party’s interest in the Subsequently-Acquired Interests acquired pursuant to the terms of this Section, shall be subject to and burdened by its AMI Share of all Lease Burdens other than Subsequently- Created Burdens.

• Neither the State Lease Burdens nor the Surface Agreement Burdens will result in any decrease or otherwise effect any Production Royalty Payment, Minimum Rental Payment or other amount due to Lessor under this Lease.

• Subsequently Created Lease Burdens Notwithstanding any contrary provision of this Agreement, if a Party, after executing this Agreement, creates a Lease Burden, that Lease Burden shall be made specifically subject to this Agreement.

• Net Revenue Interest shall mean a Revenue Interest less all Lease Burdens applicable to such Revenue Interest.

• Lease Burdens shall mean all Royalties and such other rights to share in the Production from the Xxxxx of record or, if not of record, as set forth on hereto.

More Definitions of Lease Burdens

Lease Burdens means the royalties, overriding royalties, production payments, net profit interests, and all similar interests burdening the Mineral Leases or production therefrom, that are legally binding and enforceable at law or in equity.

Lease Burdens means the royalty reserved to the lessor in an oil and gas lease, an overriding royalty, a production payment and any other burden upon the Working Interests.

Lease Burdens means all lessors’ royalties, overriding royalties, production payments, net profits interests, and similar contractual burdens upon, payable out of, or measured by Hydrocarbon production from a Phase I Well.

Lease Burdens means, as to any Lease, the lessor's royalty interest, and all overriding royalty, net profits or production payment interests, reversionary interests, and/or any other interests regardless of their form or manner of calculation which burden the working interest in such Lease, including, unless otherwise stated, the Overriding Royalty Interest (as defined below).

Lease Burdens means the royalty reserved to the lessor in an oil and gas lease, an overriding royalty, a production payment, and any similar burden on such lease, but does not include a carried working interest, a net profits interest, or any other interest which is payable out of profits.

Lease Burdens means all Royalties and Overriding Royalties and such other rights to share in the Production from the Xxxxx of record as of the Effective Date, other than the Net Profits Interest.

Lease Burdens means the royalty reserved to the lessor in an oil and gas lease, an overriding royalty, a production payment, and any similar burden, but does not include a carried working interest, a net profits interest, or any other interest which is payable out of profits. "Non-Drilling Party" and "Non-Participating Party" all mean the Party or Parties that had the optional right to participate in the Drilling, Deepening, or Plugging Back, respectively, of a well at the commencement of the operation and that elected not to participate therein.