After-Acquired Interests. This Assignment is meant to and shall also transfer to Assignee any after-acquired rights, title or interest of Assignor in, to and under the Easements other than those that may hereafter be granted pursuant to the Purchase Agreement.
After-Acquired Interests. If at any time during the term of this Lease, lessee directly or indirectly stakes or otherwise acquires any interest in mineral claims or other forms of mineral tenure located wholly or partly within two (2) miles of the boundary of the Property as it existed at the Effective Date, then Lessee shall forthwith give notice to the Owner of such staking or acquisition, the costs thereof and all details in its possession with respect to the nature of the claims, or other forms of tenure and the known mineralization. Upon delivery of such notice, the Owner may elect by notice to Lessee to require that Lessee’s interest in such mineral claims or other forms of tenure be included in and thereafter form part of the Property. The staking or acquisition costs of any interest as aforesaid shall not constitute minimum advance royalties under section 1.2 hereof. Any ownership interests, possessory interests, or other property and royalty interests pertaining to the Property acquired by Owner following execution of this Agreement shall become subject to the terms and provisions of this Agreement.
After-Acquired Interests. All of the provisions of this Agreement shall apply also to any and all Interests which may be issued or transferred to or acquired hereafter by a Member and/or to its transferees in consequence of any additional issuance, purchase or other disposition of Interests, or any form of recapitalization, or consolidation, or merger, or otherwise.
After-Acquired Interests. If the Membership Interests changes due to membership interest dividends, membership interest splits, additional acquisitions or combinations of membership interests, reclassifications, recapitalizations, mergers, consolidations, or reorganizations, this Agreement applies to all of the resulting equity securities, but not to any resulting debt obligations.
After-Acquired Interests. The AMI shall be expanded after the ------------------------ Effective Date to apply to all After-Acquired Interests of the Company; provided, however, that the non-competition restriction set forth in Section 8.3 -------- ------- ----------- above shall not apply to any interests owned or operated by a Member within the AMI as of the date the Company acquires such After-Acquired Interests.
After-Acquired Interests. Upon any dividend, distribution, split or reverse split, recapitalization, reorganization, business combination or other change affecting the Professional Company’s outstanding Equity Interests pursuant to which any new, substituted or additional Interests or other equity interests are issued to Owner by reason of any such event or transaction, or any other issuance or transfer of Subject Interests or other Equity Interests or equity interests of the Professional Company to Owner, such Interests or other equity interests shall be automatically and immediately deemed subject to this Agreement and included within the definition of the “Subject Interests” of Owner for purposes of this Agreement.
After-Acquired Interests. (i) With respect to each Program Well, all costs and expenses (including all Drilling and Completion Costs) attributable to any After-Acquired Interests covered by such Program Well shall be borne by the Parties in proportion to their actual Working Interests in such After-Acquired Interests.
(ii) With respect to each Program Well, the Net Revenue Interest attributable to any After-Acquired Interests covered by such Program Well shall be allocated between the Parties in proportion to their actual Net Revenue Interests in such After-Acquired Interests.
After-Acquired Interests. Subject to the terms of this Agreement, Optionor shall have the right to exercise its rights under the Lease, including, without limitation, Optionor's right to purchase the fee interest in the Land and related improvements pursuant to Articles XXIII, XXIV and XXV of the Lease. The term "Property" includes any fee interest in the Land and improvements which Optionor may acquire after the date hereof.
After-Acquired Interests. If Owner acquires any interest in Gas within the Reserve Commitment Area subsequent to the date of this Agreement (the “After-Acquired Interests”), such After-Acquired Interests will likewise be dedicated to this Agreement in accordance with Section 1.1, provided, however, if such After-Acquired Interests are already dedicated to gathering and/or compression services by a third-party by agreement on the date of acquisition by Owner, then at the option of Owner, in its sole discretion, such After-Acquired Interests shall become dedicated hereunder at the end of any primary term under prior agreement, or upon such earlier date as Owner may have any right or option to terminate such prior agreement.
After-Acquired Interests. Borrower shall not acquire a fee or leasehold interest in any other properties except as expressly set forth below.
(a) Borrower shall have the right, but not the obligation, to acquire the fee simple estate in vacant land that is adjacent and contiguous to an existing Property (an “After Acquired Adjacent Property”), provided the conditions set forth on Schedule VII are satisfied. From and after the date of acquisition of an After Acquired Adjacent Property, the applicable adjacent Property shall, for all purposes herein and in the other Loan Documents, be deemed to include such After Acquired Adjacent Property. Nothing herein shall be deemed to preclude an Affiliate from acquiring property adjacent to, or in proximity with, any Individual Property, provided, however, no such property acquired by an Affiliate may be operated as part of, or integrated with, any Individual Property (unless it is an After Acquired Leasehold Property that may not be contiguous to an existing Property).
(b) Borrower shall have the right to acquire a leasehold estate in property that is operated as a storage facility, but that is not contiguous to an existing Property (an “After Acquired Leasehold Property”), provided the conditions set forth on Schedule VIII are satisfied. Borrower covenants and agrees that, following acquisition of an After Acquired Leasehold Property, such property shall only be operated as a remote storage facility, U-Box storage facility, or vehicle or RV storage facility, and shall not include any office, showroom, retail or administrative uses. Borrower further covenants and agrees that so long as any portion of the Debt remains outstanding, Borrower shall not modify or terminate any lease pursuant to which it acquired its leasehold estate in an After Acquired Leasehold Property (other than a termination in accordance with the approved lease). From and after the date of acquisition of an After Acquired Leasehold Property, all Rents derived from Borrower’s ownership of such leasehold estate shall be deemed Rents for purposes of this Agreement and the other Loan Documents.
