Common use of Additional Leases and Additional Interests Clause in Contracts

Additional Leases and Additional Interests. In the event that, after the Closing Time and prior to the Drilling Obligation Completion Date, Assignor (a) acquires additional leases covering lands lying within the AMI Area (each, an “Additional Lease”) or (b) acquires through forced pooling or otherwise by operation of law or pursuant to any applicable contract any rights or interests that increase Assignor’s interest in Minerals located within the AMI Area (each such increase in Assignor’s interest, an “Additional Interest”), at Assignor’s option and subject to Section 3.3, Assignor may elect to make such Additional Lease and/or Additional Interest part of the Subject Interests and Subject Lands and subject to the Royalty Interests. In such event Assignor and the Trust shall execute, acknowledge and deliver (i) an instrument that amends the Conveyances so that each such Additional Lease or Additional Interest is subject to the Royalty Interest and included in the Subject Interests and Subject Lands, and (ii) an instrument that amends the Mortgage so that each such Additional Lease or Additional Interest is subject to the Mortgage.

Additional Leases and Additional Interests. In the event that, after the Closing Time and prior to the Drilling Obligation Completion Date, Assignor Assignor (a) acquires additional leases covering lands lying within the AMI Area (each, an “Additional Lease”) or (b) acquires through forced pooling or otherwise by operation of law or pursuant to any applicable contract any rights or interests that increase Assignor’s interest in Minerals located within the AMI Area (each such increase in Assignor’s interest, an “Additional Interest”), at Assignor’s option and subject to Section 3.3, Assignor may elect to make such Additional Lease and/or Additional Interest part of the Subject Interests and Subject Lands and subject to the Royalty Interests. In such event Assignor and the Trust shall execute, acknowledge and deliver (i) an instrument that amends the Conveyances so that each such Additional Lease or Additional Interest is subject to the Royalty Interest and included in the Subject Interests and Subject Lands, and (ii) an instrument that amends the Mortgage so that each such Additional Lease or Additional Interest is subject to the Mortgage.