Powers of Agent. Agent is empowered to take such actions and functions as set forth in the Agency Agreement. Pursuant to the Agency Agreement, THE PARTIES HERETO EXPRESSLY AGREE AND REQUEST THAT ANY AND ALL ROYALTY OR OTHER PRODUCTION PAYMENTS, BONUS PAYMENTS, DELAY RENTALS, OR ANY OTHER PAYMENTS RELATED TO THE ASSETS, AND ALL OIL AND GAS LEASES AND DIVISION ORDERS RELATED TO THE ASSETS, SHALL BE MADE AS A SINGLE COMBINED DECIMAL FOR EACH ASSET AND SENT DIRECTLY TO: [NAIL BAY ROYALTIES, LLC P.O. BOX 671099 DALLAS, TEXAS 75367-1099 AND PAID UNDER FEDERAL TAX IDENTIFICATION NUMBER: 26-4512257] [DUNCAN MANAGEMENT, LLC P.O. BOX 671099 DALLAS, TEXAS 75367-1099 AND PAID UNDER FEDERAL TAX IDENTIFICATION NUMBER: 20-6045545] Notwithstanding the foregoing, Grantee may, at any time, elect that any and all royalty or other production payments, bonus payments, delay rentals, or any other payments related to the Assets, and all oil and gas leases and division orders related to the Assets, be made as a single combined decimal for each asset and sent directly to Grantee or any other entity of its choosing.
Appears in 2 contracts
Sources: Contribution, Conveyance, Assignment and Assumption Agreement (Kimbell Royalty Partners, LP), Contribution, Conveyance, Assignment and Assumption Agreement (Kimbell Royalty Partners, LP)