Common use of Covenants by Owner Clause in Contracts

Covenants by Owner. Owner represents and warrants to the ▇▇▇▇▇▇▇ Parties that at all times during the term of this Agreement: a. It has, and will continue to have, the right to convey good and merchantable title to all of Owner’s Proportionate Share of and in the raw natural gas production stream from the ▇▇▇▇▇ or to all of Owner’s Residue Gas, whichever is applicable, free and clear of all liens, encumbrances and claims other than any customary liens arising under any joint operating agreement; and b. Except as provided herein or pursuant to any Commitment Agreements, its gross working interest is undedicated to or fully released from any marketing agreement(s) related to the ▇▇▇▇▇ and/or Owner’s Residue Gas, and the ▇▇▇▇▇▇▇ Parties shall have the sole right to purchase and resell Owner’s Residue Gas. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS AGREEMENT, OWNER SHALL RELEASE, INDEMNIFY, DEFEND AND HOLD THE ▇▇▇▇▇▇▇ PARTIES, THE MARKETING ▇▇▇▇▇▇▇ PARTY AND ALL OF THEIR AFFILIATES, AND EACH OF THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, AGENTS AND REPRESENTATIVES HARMLESS FROM AND AGAINST ALL SUITS, ACTIONS, DEBTS, ACCOUNTS, COSTS, DAMAGES (OF ANY KIND OR TYPE), CHARGES, FINES, PENALTIES, LOSSES, JUDGMENTS, LIABILITIES AND/OR EXPENSES (INCLUDING REASONABLE ATTORNEYS’ FEES AND OTHER COSTS OF LITIGATION) ARISING FROM OR OUT OF ADVERSE CLAIMS OF ANY PARTY TO OWNER’S RESIDUE GAS.

Appears in 1 contract

Sources: Interim Investors Agreement

Covenants by Owner. Owner represents and warrants to the ▇▇▇▇▇▇▇ Parties that at all times during the term of this Agreement: a. It has, and will continue to have, the right to convey good and merchantable title to all of Owner’s Proportionate Share of and in the raw natural gas production stream from the ▇▇▇▇▇ or to all of Owner’s Residue Gas, whichever is applicableOil Production, free and clear of all liens, encumbrances and claims other than any customary liens arising under any joint operating agreement; and b. Except as provided herein or pursuant to any Commitment Agreements, its gross working interest is undedicated to or fully released from any marketing agreement(s) related to the ▇▇▇▇▇ and/or Owner’s Residue GasOil Production, and the ▇▇▇▇▇▇▇ Parties shall have the sole right to purchase and resell Owner’s Residue GasOil Production. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS AGREEMENT, OWNER SHALL RELEASE, INDEMNIFY, DEFEND AND HOLD THE ▇▇▇▇▇▇▇ PARTIES, THE MARKETING ▇▇▇▇▇▇▇ PARTY AND ALL OF THEIR AFFILIATES, AND EACH OF THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, AGENTS AND REPRESENTATIVES HARMLESS FROM AND AGAINST ALL SUITS, ACTIONS, DEBTS, ACCOUNTS, COSTS, DAMAGES (OF ANY KIND OR TYPE), CHARGES, FINES, PENALTIES, LOSSES, JUDGMENTS, LIABILITIES AND/OR EXPENSES (INCLUDING REASONABLE ATTORNEYS’ FEES AND OTHER COSTS OF LITIGATION) ARISING FROM OR OUT OF ADVERSE CLAIMS OF ANY PARTY TO OWNER’S RESIDUE GASOIL PRODUCTION.

Appears in 1 contract

Sources: Interim Investors Agreement

Covenants by Owner. Owner represents and warrants to the ▇▇▇▇▇▇▇ Parties that at all times during the term of this Agreement: a. It has, and will continue to have, the right to convey good and merchantable title to all of Owner’s Proportionate Share of and in the raw natural gas production stream from the ▇▇▇▇▇ or to all of Owner’s Residue GasNGLs, whichever is applicable, free and clear of all liens, encumbrances and claims other than any customary liens arising under any joint operating agreement; and b. Except as provided herein or pursuant to any Commitment Agreements, its gross working interest is undedicated to or fully released from any marketing agreement(s) related to the ▇▇▇▇▇ and/or Owner’s Residue GasNGLs, and the ▇▇▇▇▇▇▇ Parties shall have the sole right to purchase and resell Owner’s Residue GasNGLs. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS AGREEMENT, OWNER SHALL RELEASE, INDEMNIFY, DEFEND AND HOLD THE ▇▇▇▇▇▇▇ PARTIES, THE MARKETING ▇▇▇▇▇▇▇ PARTY AND ALL OF THEIR AFFILIATES, AND EACH OF THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, AGENTS AND REPRESENTATIVES HARMLESS FROM AND AGAINST ALL SUITS, ACTIONS, DEBTS, ACCOUNTS, COSTS, DAMAGES (OF ANY KIND OR TYPE), CHARGES, FINES, PENALTIES, LOSSES, JUDGMENTS, LIABILITIES AND/OR EXPENSES (INCLUDING REASONABLE ATTORNEYS’ FEES AND OTHER COSTS OF LITIGATION) ARISING FROM OR OUT OF ADVERSE CLAIMS OF ANY PARTY TO OWNER’S RESIDUE GASNGLS.

Appears in 1 contract

Sources: Interim Investors Agreement