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Tauren Exploration, Inc., the Louisiana Second Circuit upheld a trial court’s ruling that Wells Fargo, a mortgage lender with a security interest in a mineral lease, was solidarily liable with its borrowers (the mineral lessees) for a breach of the mineral lessees’ contractual and statutory obligations to produce in paying quantities, pay royalties, and respond to the mineral lessor’s demands regarding those obligations. [read post]
15 Oct 2010, 11:50 am by John McFarland
Chesapeake Exploration, L.L.C. and Chesapeake Operating, Inc., Civil Action No. [read post]
Tauren Exploration, Inc., the Louisiana Second Circuit upheld a trial court’s ruling that Wells Fargo, a mortgage lender with a security interest in a mineral lease, was solidarily liable with its borrowers (the mineral lessees) for a breach of the mineral lessees’ contractual and statutory obligations to produce in paying quantities, pay royalties, and respond to the mineral lessor’s demands regarding those obligations. [read post]
27 Aug 2010, 12:01 am
”In a subsequent 1984 lease between Tropicana Enterprises (as lessor) and Hotel Ramada of Nevada (as lessee), a separate reversionary interest clause provided that: “Lessee shall upon termination of this Lease for any reason whatsoever, immediately cease to use such name and all interest of Lessee in said name shall become the property of the Lessor, and Lessee shall if requested so to do by Lessor, execute and deliver to Lessor such instruments as… [read post]
29 Jul 2020, 4:00 am by Administrator
Hengyun International Investment Commerce Inc. c. 9368-7614 Québec inc., 2020 QCCS 2251 (CanLII) [49] The lessor’s obligation to provide peaceable enjoyment is an obligation of result[24]; it can only be relieved of this obligation in the event of superior force (force majeure) or the fault of someone beyond its control.[25] [50] When a lessor fails to perform an obligation owing under the lease, including the obligation to provide peaceable… [read post]
17 Mar 2008, 10:00 am
Dunkley, after Sharon Graham was injured in a two-car collision, she filed suit against the other driver Rayon Dunkley, and the vehicle's lessor, NILT Inc. [read post]
3 Mar 2011, 8:42 pm by Mike
See e.g., In re New Valley Corp., 2000 WL 1251858, at 91-12 (D.N.J.2000); In re Andover Togs, Inc., 231 B.R. 521, 545-46 (Bankr.S.D.N.Y. 1999); In re Today's Woman of Florida, Inc., 195 B.R. 506, 507-08 (Bankr.M.D.Fla. 1996); In re Gantos, Inc., 176 B.R. 793, 795-96 (Bankr.W.D.Mich.1995); In re Financial News Network, Inc., 149 B.R. 348, 351 (Bankr.S.D.N.Y.1993); In re Communicall Central, Inc., 106 B.R. 540, 544 (Bankr.N.D.Ill.1989). [read post]
9 May 2014, 9:29 am
The Dudeks leased the oil and gas rights to EOG Resources Inc., receiving a 16% royalty and a bonus of over $883,000. [read post]
14 Nov 2014, 8:31 am
District Court Proceedings The Plaintiff based their claim in part on the previous decisions of the Texas Supreme Court in Heritage Resources, Inc. v. [read post]
17 Jul 2022, 8:26 am by Ben Vernia
According to DOJ’s press release: BioReference Health LLC, formerly known as BioReference Laboratories, Inc., (BioReference), and OPKO Health, Inc. [read post]