Acquisition of Additional Reserves Sample Clauses

Acquisition of Additional Reserves. Seller shall have the exclusive right to acquire additional reserves in the South Xxxxxx Area of Interest. Buyer agrees that it and its Affiliates shall not acquire any interest in real property or minerals in the South Xxxxxx Area of Interest during the Term, without Seller’s prior written consent.

Acquisition of Additional Reserves. As coal becomes available for lease or purchase in the Xxxxxxxxx Coal Field or the Riverdale Coal Field, Falkirk shall request approval by GRE of the proposed bonus payments, tonnage royalty rates, minimum royalty rates or price per acre of coal to be acquired in fee or by leasehold. Within the limits of such approval, Falkirk shall use its best efforts to acquire such coal in the quantities that are available and that GRE requests. However, if the acquisition of such coal is required to meet GRE’s requirements for coal under this Agreement, Falkirk shall acquire such coal on the best available terms, and all costs thereof shall be included in the Cost of Production. Neither North American Coal nor any other Affiliate of Falkirk may acquire for its own account any coal within the Riverdale Coal Field or the Xxxxxxxxx Coal Field until Falkirk first seeks GRE’s approval for Falkirk’s acquisition of the coal. If GRE does not approve such acquisition, any Affiliate of Falkirk may acquire the coal for its own account.

Acquisition of Additional Reserves. As surface and coal becomes available for lease or purchase in the Xxxxxxxxx Coal Field or the Riverdale Coal Field for which Falkirk does not already have rights thereto, and Falkirk or its Affiliates wish to acquire rights to such coal, Falkirk will request approval by Rainbow of the proposed bonus payments, tonnage royalty rates, minimum royalty rates or price per acre of surface and coal to be acquired in fee or by leasehold. Within the limits of such approval, Falkirk will use its best efforts to acquire such surface and coal in the quantities that are available and that Falkirk has requested, with Rainbow’s approval. However, if the acquisition of such surface and coal is required to meet Rainbow’s requirements for coal under this Agreement, Falkirk will acquire such surface and coal on the best available terms, and all costs thereof will be included in the Cost of Production. Neither North American Coal nor any other Affiliate of Falkirk may acquire for its own account any surface and coal within the Riverdale Coal Field or the Xxxxxxxxx Coal Field until Falkirk first seeks Rainbow’s approval for Falkirk’s acquisition of the surface and coal. If Rainbow does not approve such acquisition, any Affiliate of Falkirk (but not Falkirk) may acquire the surface and coal for its own account.