Acquisition Price. The price to be paid by the Participants with respect to their acquisition of an interest in a Lease pursuant to this Section 2 shall be an amount equal to the Participants’ respective shares, as set forth in Section 3(a) of either (i) the Lease Acquisition Costs with respect to such Lease or (ii) as provided in Section 5.10(h) of the Partnership Agreement, the fair market value of such Lease.
Appears in 4 contracts
Samples: Drilling Program Agreement (Mewbourne Energy Partners 10-A, L.P.), Drilling Program Agreement (Mewbourne Energy Partners 09-A, L.P.), Drilling Program Agreement (Mewbourne Energy Partners 08-a Lp)
Acquisition Price. The price to be paid by the Participants with respect to their acquisition of an interest in a Lease pursuant to this Section 2 shall be an amount equal to the Participants’ ' respective shares, as set forth in Section 3(a) of either (i) the Lease Acquisition Costs with respect to such Lease or (ii) as provided in Section 5.10(h) of the Partnership Agreement, the fair market value of such Lease.
Appears in 1 contract
Samples: Drilling Program Agreement (Mewbourne Energy Partners O4-a Lp)
