AMI Sample Clauses
AMI. The area median income for San Xxxxxx County, Colorado based on the most recently published area median income limits established by the United States Department of Housing and Urban Development.
AMI. The Parties acknowledge that Seller or its Affiliates will be acquiring additional Leases in the East Texas/North Louisiana Area from and after the date of this Agreement (the “Additional Interests”). Such Additional Interests shall be excluded from the transactions contemplated by this Agreement (and no adjustment shall be made to the Closing Cash Consideration or the Carried Cost Obligation as a result thereof) and the Parties agree that, upon Closing, Seller or any such Affiliate shall offer to Buyer its 50% undivided share of any such Additional Interests pursuant to Article 9 of the Joint Development Agreement.
AMI. The Gridiron AMI is an area of mutual interest (“AMI”) by and among the Parties hereto as to the lands within such Gridiron AMI to be administered pursuant to the terms and provisions of Article XVI.D. of the JOA (or any other governing JOA).
AMI. To Seller’s Knowledge, there are no area of mutual interest agreements to which the Sellers are subject with respect to the Properties.
AMI. Upon the execution hereof, the Parties shall establish the Area of Mutual Interest covering the lands depicted on the attached Exhibit D, ("AMI"). The term of the AMI shall continue through the Drilling Term. During the term of the AMI, if an oil or gas lease, or other interest within the AMI is acquired by one Party (the "Acquiring Party"), the Acquiring Party shall offer the other Parties ("Non-acquiring Parties") their proportionate share of such lease or interest (including all obligations associated with such lease or interest) as set forth below.
AMI. (a) An Area of Mutual Interest (“AMI”) is hereby formed and created between the Parties, which includes only the area described in Exhibit H. The AMI shall remain in force and effect until December 31, 2014. After December 31, 2014, the AMI may be extended by the mutual agreement of the Parties, but, absent such an extending agreement, the AMI shall thereafter be limited to those units, Lands or Leases that contain Subject Interests and in which both the Buyer and either Seller continue to have an ownership interest and only for so long as the Buyer and either Seller retains an ownership interest therein. As set forth in detail below, the Parties shall be entitled to participate in all Interests acquired after the Effective Date by any Party on the basis set forth below: Buyer 40% Sellers 60%, except where Buyer makes an acquisition in accordance with 13.07(b)(ii), in which case the percentages shall be reversed and Buyer shall be entitled to participate with 60% and Sellers with 40%
(b) Sellers and Buyer agree that Panther shall lead and manage all acquisition activity (including, but not limited to leasing, contractual rights to earn, acreage swaps, purchases of producing properties and prospect purchases) within the AMI as between Sellers and Buyer, and Buyer will not initiate acquisition activity, directly or indirectly, except as in coordination with, and at the direction of Panther. Notwithstanding the foregoing, Sellers recognize that Buyer is actively engaged in acquisition activity, and may acquire interests within the AMI in connection with a larger activity. Nothing in this Agreement prevents or limits such activity by Buyer, where (i) the majority of the interest involved in such larger activity lies outside of the AMI, or (ii) the interest involved in such larger activity contains a producing property acquisition component with a purchase price equal to or in excess of $100 million dollars. Buyer must comply with Section 13.07(d) in the event of such any acquisition.
AMI. Should HHOC (or any affiliate of HHOC), within 18 --- months of the date hereof, acquire any interest within Eugene Island Block 64 or 65, Buyer shall be exxxxxxd to acquire 75% of the interest so acquired by HHOC (or an affiliate of HHOC) in exchange for its payment of 75% of the out-of-pocket cost of acquisition.
AMI. Alternative Method of Instruction
AMI. AMI shall mean the geographical area of mutual interest as defined by the map attached hereto as Exhibit C. With respect to the South China and South French prospects listed on Exhibit C, the AMI shall remain in place for the term of the Partnership. With respect to the Xxxx and Mid-French prospects, if the Partnership does not exercise its option to drill these prospects, the AMI with respect to these prospects will lapse with respect to those prospects as of the date the option exercise price is due to SK Resources, Inc.
AMI. There are ten thousand (10,000) shares of Associate Mechanical capital stock authorized, consisting entirely of common stock with no par value (the “AMI Common Shares”). As of the date of this Merger Agreement, there were seventy (70) issued and outstanding AMI Common Shares. It is acknowledged that as of the Closing Date, the entity/individuals named, which shall be disclosed on Schedule 3.02 and attached hereto prior to the Closing, collectively, will own of record and beneficially one hundred percent (100%) of the issued and outstanding Associated Common Shares, constituting one hundred percent (100%) of such shares. No AMI Common Shares have been reserved for issuance to any Person, and there are no outstanding rights, warrants, options or agreements for the exchange of AMI Common Shares. No Person is entitled to any rights with respect to the conversion, exchange or delivery of the AMI Common Shares. The AMI Common Shares have been issued in compliance with Applicable Law.