Subsequently Created Interests. Farmor's rights of reverter under this Contract shall at all times be superior to all liens, claims, and encumbrances, and all overriding royalties, production payments, net profit obligations, carried working interests, and other payments out of or with respect to production, or any other obligations created, assigned, or incurred by Operator, and any interest which reverts to Farmor pursuant to this Contract shall revert to Farmor free and clear of any such lien, encumbrance, debt, claim, overriding royalty, or other production payment burden, or other obligation.
Appears in 2 contracts
Sources: Seismic and Farmout Option Contract (Armada Oil, Inc.), Seismic and Farmout Option Contract (Armada Oil, Inc.)