lines, power lines, railways and other easements and
rights-of-way,
on, over or in respect of any of the properties
of the Company or Parent, as applicable, or any of their respective Subsidiaries, that are customarily granted in the oil and gas industry and do not materially interfere with the operation, value or use of the property or asset affected;
(g) any Encumbrances discharged at or prior to the Effective Time (including Encumbrances securing any Indebtedness that will be paid off in
connection with the Closing);
(h) Encumbrances imposed or promulgated by applicable Law or any Governmental Entity with respect to real
property, including zoning, building or similar restrictions;
(i) Encumbrances, exceptions, defects or irregularities in title,
easements, imperfections of title, claims, charges, security interests,
rights-of-way,
covenants, restrictions and other similar matters that would be accepted by a
reasonably prudent purchaser of oil and gas interests, that would not reduce the net revenue interest share of the Company or Parent, as applicable, or such partys Subsidiaries, in any Oil and Gas Lease below the net revenue interest share
shown in the Company Reserve Report or Parent Reserve Report, as applicable, with respect to such lease, or increase the working interest of the Company or Parent, as applicable, or of such partys Subsidiaries, in any Oil and Gas Lease above
the working interest shown on the Company Reserve Report or Parent Reserve Report, as applicable, with respect to such lease and, in each case, that have not and would not reasonably be expected to have, individually or in the aggregate, a Company
Material Adverse Effect or Parent Material Adverse Effect, as applicable; or
(j) with respect to the Company and its Subsidiaries,
Encumbrances arising under the Company Credit Agreement.
Person
means any individual, partnership, limited liability
company, corporation, joint stock company, trust, estate, joint venture, Governmental Entity, association or unincorporated organization, or any other form of business or professional entity.
Personal Information
means such term or like terms set forth in any privacy Law that describes, covers or defines data
that identifies or can be used to identify individuals either alone or in combination with other information which is in the possession of, or is likely to come into the possession of a Party, including a combination of an individuals name,
address or phone number with any such individuals username and password, social security number or other government-issued number, financial account number, date of birth, email address or other personally identifiable information.
Proceeding
means any actual or threatened claim (including a claim of a violation of applicable Law), cause of action,
action, audit, demand, litigation, suit, proceeding, investigation, grievance, notice of violation, citation, summons, subpoena, inquiry, hearing, complaint, petition, originating application to a tribunal, arbitration or other proceeding at Law or
in equity or order or ruling, in each case whether civil, criminal, administrative, investigative or otherwise, whether in contract, in tort or otherwise, and whether or not such claim, cause of action, action, audit, demand, litigation, suit,
proceeding, investigation grievance, citation, summons, subpoena, inquiry, hearing, originating application to a tribunal, arbitration or other proceeding or order or ruling results in a formal civil or criminal litigation or regulatory action.
Production Burdens
means any royalties (including lessors royalties), overriding royalties, production payments, net
profit interests or other burdens upon, measured by or payable out of oil, gas or mineral production.
Rattler
means
Rattler Midstream Partners LP, a Delaware limited partnership.
Rattler GP
means Rattler Midstream Partners GP LLC, a
Delaware limited liability company.
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