Interest of Developer Sample Clauses
The "Interest of Developer" clause defines the rights, benefits, or stakes that the developer holds in a project or agreement. Typically, this clause outlines the developer's entitlement to profits, ownership shares, or decision-making authority, and may specify conditions under which these interests can be transferred or diluted. By clearly delineating the developer's interests, this clause helps prevent disputes over ownership and ensures all parties understand the developer's role and benefits within the arrangement.
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Interest of Developer. Except as otherwise provided in this Agreement, all costs, expenses, and liabilities incurred in connection with the drilling and other operations and activities contemplated by this Agreement shall be borne and paid, and all ▇▇▇▇▇, gathering lines of up to approximately 2,500 feet on the Well Location in connection with a natural gas well, equipment, materials, and facilities acquired, constructed or installed under this Agreement shall be owned, by the Developer in proportion to the share of the Working Interest owned by the Developer in the ▇▇▇▇▇. Subject to the payment of lessor's royalties and other royalties and overriding royalties, if any, production of oil and gas from the ▇▇▇▇▇ to be drilled under this Agreement shall be owned by the Developer in proportion to the share of the Working Interest owned by the Developer in the ▇▇▇▇▇.
Interest of Developer. Developer is the fee owner and holds a legal interest in the Property and all portions thereof and all other persons holding legal or equitable interests in the Property are to be bound by this Agreement. Notwithstanding anything set forth in this Agreement to the contrary:
(a) Subject to Section 2.8 regarding the timing of development, the Property shall be developed in accordance with this Agreement as set forth herein.
(b) Developer is not obligated by the terms of this Agreement to affirmatively act to develop all or any portion of the Property, pay any sums of money, dedicate any land (except as set forth in this Agreement), indemnify any party, or to otherwise meet or perform any obligation with respect to the Property, except and only as a condition to the development of any portion of the Property and even then only to the extent that such act or obligation is necessitated by and in proportion to Developer's development of that portion or phase of the Property. Any development of a portion of the Property shall be subject to the terms of this Agreement, and all the rights, duties, and obligations of both parties to this Agreement shall pertain to such Property.
Interest of Developer. The Developer has represented and warrants to the County that it has a legal or equitable interest in the Property and that all parties with a legal interest in the Property are signatories hereto.
Interest of Developer. Developer has a legal interest in the Property in that it is the owner of the Property.
Interest of Developer. Except as otherwise provided in this Agreement, all costs, expenses, and liabilities incurred in connection with the drilling and other operations and activities contemplated by this Agreement shall be borne and paid, and all ▇▇▇▇▇, gathering lines of up to approximately 2,500 feet on each Well Location in connection with a natural gas well, equipment, materials, and facilities acquired, constructed or installed under this Agreement shall be owned, by the Developer in proportion to the share of the Working Interest owned by the Developer in the ▇▇▇▇▇. Subject to the payment of lessor’s royalties and other royalties and overriding royalties, if any, production of oil and gas from the ▇▇▇▇▇ to be drilled under this Agreement shall be owned by the Developer in proportion to the share of the Working Interest owned by the Developer in the ▇▇▇▇▇. Additionally, all costs, expenses, and liabilities incurred in connection with the leasing, developing, drilling, and operation of water disposal or injection ▇▇▇▇▇, and the transportation or injection of waste water from Developer’s productive ▇▇▇▇▇ under this Agreement shall be the sole responsibility of Developer in proportion to the share of the Working Interest owned by the Developer. In the event Operator provides any services related to disposal ▇▇▇▇▇, injection ▇▇▇▇▇, transportation of waste water or similar matters under this Agreement, Operator shall be paid a monthly competitive fee, as determined by Developer and Operator.
Interest of Developer. Developer is the fee owner and holds a legal interest in the Property and all portions thereof and all other persons holding legal or equitable interests in the Property are to be bound by this Agreement. Notwithstanding anything set forth in this Agreement to the contrary:
(a) Subject to Section 2.8 regarding the timing of development, the Property shall be developed in accordance with this Agreement as set forth herein.
(b) Developer is not obligated by the terms of this Agreement to affirmatively act to develop all or any portion of the Property, pay any sums of money, dedicate any land (except as set forth in this Agreement), indemnify any party, or to otherwise meet or perform any obligation with respect to the Property, except and only as a condition to the development of any portion of the Property and even then only to the extent that such act or obligation is necessitated by and in proportion to Developer's development of that portion or phase of the Property. Any development of a portion of the Property shall be subject to the terms of this Agreement, and all the rights, duties, and obligations of both parties to this Agreement shall pertain to such Property. Developer and the City hereby acknowledged and agree that (1) that certain Development Agreement by and between the City and ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ and ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇ relative to the Development Known as ▇▇▇▇▇▇ Ranch Project dated as of February 13, 2018 and recorded in the Placer County Official Records on April 5, 2018 as Document Number DOC-2018-0023341-00 against a portion of the Property as described therein;
Interest of Developer. Developer represents that it has a fee simple interest in the Property and is bound by this Agreement.
Interest of Developer. Except as otherwise provided in this Agreement, all costs, expenses, and liabilities incurred in connection with the drilling and other operations and activities contemplated by this Agreement shall be borne and paid, and all ▇▇▇▇▇, gathering lines of up to approximately 2,500 feet on the Well Location, equipment, materials, and facilities acquired, constructed or installed under this Agreement shall be owned, by the Developer in proportion to the share of the Working Interest owned by the Developer in the ▇▇▇▇▇. Subject to the payment of lessor's royalties and other royalties and overriding royalties, if any, production of oil and gas from the ▇▇▇▇▇ to be drilled under this Agreement shall be owned by the Developer in proportion to the share of the Working Interest owned by the Developer in the ▇▇▇▇▇.
Interest of Developer. Developer warrants and represents that it has full legal title in or an equitable interest to the Site; that it has full legal right to enter into this Agreement; and that the person executing this Agreement on behalf of Developer have been duly authorized to do so.
Interest of Developer. Sunny Knolls, LLC is the current fee simple owner of the Property. ▇▇▇▇▇▇ ▇▇▇ Communities, LLC is the applicant and authorized agent of Sunny Knolls, LLC for purposes of seeking the Entitlements.