Cost of Renewals, Extensions and Re-acquisitions Sample Clauses

Cost of Renewals, Extensions and Re-acquisitions. Notwithstanding anything contained in this Agreement to the contrary, if during the 18 month period commencing as of the Effective Date, any lease acquired as part of the Subject Oil and Gas Interests expires, or with respect to which an option to extend has expired, then Atlas shall, at its sole cost and expense, take any one of the following actions: (a) renew such lease, (b) lease the lands covered by such lease, (c) extend the term of such lease, or (d) enter into a replacement lease covering comparable acreage in terms of (i) the number of acres, (ii) location of the acreage, and (iii) at a Net Revenue Interest not less than, and a Working Interest not greater than, that of the expiring or invalid lease, provided that in the event Atlas is unable to find acreage with the same or a higher Net Revenue Interest, the Parties will negotiate in good faith to resolve such issue by other mutually acceptable means.
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Related to Cost of Renewals, Extensions and Re-acquisitions

  • Modification, Extension and Renewal of Options The Board or a duly appointed committee thereof, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Code and applicable securities laws. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Recipient, alter to the Recipient’s detriment or impair any rights of Recipient hereunder.

  • Conditions to Initial Extensions of Credit The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, immediately prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:

  • Conditions to All Extensions of Credit The obligation of each Lender to make any Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent on the date of making such Extension of Credit:

  • Renewals and Extensions All provisions of this Agreement relating to the Note shall apply with equal force and effect to each and all promissory notes hereafter executed which in whole or in part represent a renewal, extension, amendment, modification or rearrangement of any part of the Indebtedness originally represented by the Note.

  • Conditions Precedent to all Extensions of Credit The obligation of the Lender Group (or any member thereof) to make any Revolving Loans hereunder (or to extend any other credit hereunder) at any time shall be subject to the following conditions precedent:

  • Conditions to Extensions of Credit The obligation of any Lender to make any Extension of Credit hereunder is subject to the satisfaction of such of the following conditions on or prior to the proposed date of the making of such Extension of Credit:

  • Modification, Extension The issuance of any supplement, modification, amendment, renewal, or extension to any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Acquisitions and Investments The Borrower will not, nor will it permit any Subsidiary to, make or suffer to exist any Investments (including without limitation, loans and advances to, and other Investments in, Subsidiaries), or commitments therefor, or become or remain a partner in any partnership or joint venture, or to make any Acquisition of any Person, except:

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