Lease Acquisition. On the Initial Acquisition Date, in return for the Common Stock, and on each subsequent Acquisition Date, in return for the payment of purchase price in the amount of the net proceeds from the related Warehouse Funding or the issuance of a new Series of Notes, the Company hereby transfers, assigns, sells, grants and contributes to the Depositor, without recourse except as provided in Section 3.03 of the Standard Lease Acquisition Terms, all of the Company's right, title and interest in and to all of the Lease Assets related to the Lease Contracts now or hereafter listed on each Series Lease Schedule, whether now existing or hereafter arising, and the Demand Note. The Company hereby acknowledges that its transfer of the Lease Assets and the Demand Note to the Depositor is absolute and irrevocable, without reservation or retention of any interest whatsoever by the Company.

Lease Acquisition. Subject to the terms, conditions and reservations contained in this Agreement, Buyer shall acquire the Net Acreage Rights set forth in Section

Lease Acquisition. (a) Global shall retain the Broker to acquire Leases in the AMI. Global shall supervise the Broker and manage the Program. Global shall enter into a written agreement with the Broker that, for the duration of such agreement and at least 12 months thereafter, prohibits the Broker from acquiring any Leases within the AMI except as provided in this Agreement and requires that the Program remain confidential. The Leases acquired in the AMI shall be taken in the name of the Broker. Global shall require that the Broker convey the Leases to Hallador within five (5) business days after Hallador provides Global a written request to assign the Leases. Global shall cause the Broker to attempt to lease unleased mineral interests using the Approved Form. The $xx.00 per net mineral acre flat included in the Acreage Fee shall be used, all or in part, to compensate the Broker. Hallador shall not have any further obligation to pay the Broker retained by Global in accordance with the terms of this Agreement except that Hallador shall (a) bear any costs related to any special requests made by Hallador, (b) pay the Broker a $x,xxx per county startup fee for mapping, and (c) reimburse the Broker's reasonable out of pocket costs for overnight mail and , if requested by Hallador or Global, travel that is outside of Xxxxxxxx. All of Broker's backup materials and work copies, including all maps used in connection with the program, shall be furnished and/or made available to Global and Hallador on an ongoing basis. (b) Neither of the parties hereto nor their Affiliates shall acquire any Leases within the AMI except as set forth in this Article III. (c) Hallador shall fund the acquisition of the Leases until it has expended a minimum of $XXXXXXX for Acreage Fees. Hallador shall not be obligated to pay more than $xxxx per acre for any Lease. Hallador shall not be obligated to pay Acreage Fees for any Lease that is not on the Approved Form unless (i) it was approved prior to payment by Hallador or (ii) it meets the following minimum qualifications: 1) the Lease has at least an xx% NRI (inclusive of the Global ORRI); 2) the Lease does not contain a Pugh clause or other sixxxxr acreage reduction provision at the end of the primary term; 3) the Lease contains a broad form pooling clause; the lessor's royalty does not expressly prohibit deduction of post production costs including gathering, dehydration, compression, transporta- tion and processing; 4) the Lease contains a primary term of...

Lease Acquisition. In return for the Common Stock and other rights created by this Agreement, the Contributor hereby transfers, assigns, sells, grants and contributes, or shall contribute, to the Issuer, without recourse except as provided in Section 3.03 of this Agreement, on the Closing Date or the Subsequent Transfer Date, as the case may be, any and all of the Contributor's respective right, title and interest in and to all of the Lease Assets set forth on Schedule I to the Lease Asset Assignment or the Subsequent Lease Assignment, as the case may be. The Contributor hereby acknowledges that its transfer of the Lease Assets to the Issuer is absolute and irrevocable, without reservation or retention of any interest whatsoever by the Contributor.

Lease Acquisition. Xxxxxxx agrees to participate for a 33.33% share of the offer to Richfield Oils Inc., a copy of which is attache4d hereto, to earn a 25% interest in the Freehold Leases.

Lease Acquisition. 2.1 Offering Letter Leases Navitas has acquired, or has the right to acquire, the Offering Letter Leases. Pursuant to the Offering Letters, PQ has previously paid to Navitas the sum of Six Million Nine Hundred Eighty-Two Thousand Five Hundred Thirty-Four and 90/100 Dollars ($6,982,534.90) in partial payment for all of Navitas’ rights, title and interest in and to the Offering Letter Leases. Within three business days after the Effective Date, as full and final consideration PQ will reimburse Navitas in the amount of One Million Three Hundred Eighty Thousand Three Hundred Seventy-Six and 00/100 Dollars ($1,380,376.00) for amounts previously paid by Navitas towards the total bonus consideration due for the Offering Letter Leases. Upon payment of the reimbursement amount to Navitas, PQ shall own all of Navitas’ right, title and interest of every kind in and to the Offering Letter Leases, including its rights and obligations under the Side Letter Agreements applicable thereto. Once the reimbursement has been received, Navitas shall execute an assignment of any Offering Letter Leases currently held by Navitas and Navitas shall execute such further assignments or other documents or instruments as may be requested by PQ from time to time to evidence PQ’s ownership of such leases or rights thereto. The Parties acknowledge that additional lease bonus payments are still due for certain of the Offering Letter Leases as set forth on Exhibit “B”. After the Effective Date, PQ shall be responsible for and shall pay such bonus payments directly to the lessors or their designated agents.

Related to Lease Acquisition

Notice to Proceed - Land Acquisition The acquisition of the Land shall not occur until the Director has issued a written Notice to Proceed for land acquisition to the Recipient (the "Notice to Proceed"). Such Notice to Proceed will not be issued until the Director has received a Request to Proceed acceptable to the Director and is assured that the Recipient has complied with all requirements for the approval of a grant under Revised Code Sections 164.20 through 164.27 and any requirements for land acquisition set forth in this Agreement, including without limitation the OPWC's approval of the proposed Deed Restrictions and Title Agent. The Notice to Proceed also shall specify the time frame for the Closing.
The Acquisition At the Closing (as defined below), each Stockholder shall sell to Group 1 and Group 1 shall purchase from each Stockholder that number of shares of common stock, par value $1.00 per share of the Company ("Company Common Stock") as set forth opposite their respective names in Schedule II hereto in exchange for that number of shares of common stock, par value $.01 per share of Group 1 ("Group 1 Common Stock") set forth opposite their respective names in Schedule II hereto (as may be appropriately adjusted for stock splits, reverse stock splits and/or stock dividends). In the event that the Board of Directors of Group 1 approves a reverse stock split upon the recommendation of the Representatives of the Underwriters in connection with the IPO, the number of shares of Group 1 Common Stock to be received by the shareholders of the Founding Companies shall be decreased proportionately as a result of the reverse stock split; provided, however, that in the event that the number of shares of Group 1 Common Stock resulting from the reverse stock split recommended by the Representatives of the Underwriters is less than the number of shares resulting from a 4.444 for 5 reverse stock split, a 4.444 for 5 reverse stock split shall be implemented and the number of shares of Group 1 Common Stock resulting from such 4.444 for 5 reverse stock split to be received by the shareholders of the Founding Companies shall be further decreased proportionately to the number of shares that would have been issued to the shareholders of the Founding Companies had the reverse stock split recommended by the Representatives of the Underwriters been implemented. If the number of shares of Group 1 Common Stock received by a Stockholder pursuant to this Agreement includes a fractional share as a result of a reverse stock split affecting the Group 1 Common Stock, such fractional share shall be rounded up to the nearest whole share of Group 1 Common Stock.
Acquisition For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license, or other disposition of all or substantially all of the assets of the Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization (or, if such Company stockholders beneficially own a majority of the outstanding voting power of the surviving or successor entity as of immediately after such merger, consolidation or reorganization, such surviving or successor entity is not the Company); or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power.
Mergers, Acquisitions, Etc Merge or consolidate with any other entity or acquire all or a material part of the assets of any person or entity, or form or create any new Subsidiary or affiliate, or commence operations under any other name, organization, or entity, including any joint venture.
Consummation of Acquisition Concurrently with the making of the initial Loans, (i) the Buyer shall have purchased pursuant to the Acquisition Documents (no provision of which shall have been amended or otherwise modified or waived in a manner that is materially adverse to the Lenders’ interests) without the prior written consent of the Agents), and shall have become the owner, free and clear of all Liens, of all of the Acquisition Assets, (ii) the proceeds of the initial Loans shall have been applied in full to pay a portion of the Purchase Price payable pursuant to the Acquisition Documents for the Acquisition Assets and the closing and other costs relating thereto, and (iii) the Buyer shall have fully performed all of the obligations to be performed by it under the Acquisition Documents.
Land Acquisition Reimbursement for the costs associated with acquiring interest and/or rights to real property (including access rights through ingress/egress easements, leases, license agreements, or other site access agreements; and/or obtaining record title ownership of real property through purchase) must be supported by the following, as applicable: Copies of Property Appraisals, Environmental Site Assessments, Surveys and Legal Descriptions, Boundary Maps, Acreage Certification, Title Search Reports, Title Insurance, Closing Statements/Documents, Deeds, Leases, Easements, License Agreements, or other legal instrument documenting acquired property interest and/or rights. If land acquisition costs are used to meet match requirements, Xxxxxxx agrees that those funds shall not be used as match for any other Agreement supported by State or Federal funds.
Limited Condition Acquisitions Notwithstanding anything in this Agreement or any Loan Document to the contrary, when calculating any applicable ratio or any basket based on Consolidated EBITDA or total assets, or determining other compliance with this Agreement (including the determination of compliance with any provision of this Agreement which requires that no Default or Event of Default has occurred, is continuing or would result therefrom, but excluding Section 4.02 to the extent set forth therein) in connection with a Specified Transaction undertaken in connection with the consummation of a Limited Condition Acquisition, the date of determination of such ratio or any basket based on Consolidated EBITDA or total assets, and determination of whether any Default or Event of Default has occurred, is continuing or would result therefrom or other applicable covenant shall, at the option of the Borrower (the Borrower’s election to exercise such option in connection with any Limited Condition Acquisition, an “LCA Election”), be deemed to be the date the definitive agreements for such Limited Condition Acquisition are entered into (the “LCA Test Date”) and if, after such ratios and other provisions are measured on a Pro Forma Basis after giving effect to such Limited Condition Acquisition and the other Specified Transactions to be entered into in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) as if they occurred at the beginning of the applicable Test Period ending prior to the LCA Test Date, the Borrower could have taken such action on the relevant LCA Test Date in compliance with such ratios and provisions, such provisions shall be deemed to have been complied with; provided that no such acquisition shall constitute a Limited Condition Acquisition unless the Payment Conditions are satisfied on a Pro Forma Basis on the applicable LCA Test Date. For the avoidance of doubt, (x) if any of such ratios are exceeded as a result of fluctuations in such ratio (including due to fluctuations in Consolidated EBITDA of the Borrower and its Subsidiaries) at or prior to the consummation of the relevant Limited Condition Acquisition, such ratios and other provisions will not be deemed to have been exceeded as a result of such fluctuations solely for purposes of determining whether the Limited Condition Acquisition is permitted hereunder and (y) such ratios and other provisions shall not be tested at the time of consummation of such Limited Condition Acquisition or related Specified Transactions. If the Borrower has made an LCA Election for any Limited Condition Acquisition, then in connection with any subsequent calculation of any ratio or basket availability with respect to any other Specified Transaction on or following the relevant LCA Test Date and prior to the earlier of the date on which such Limited Condition Acquisition is consummated or the date that the definitive agreement for such Limited Condition Transaction is terminated or expires without consummation of such Limited Condition Acquisition, any such ratio or basket shall be calculated on a Pro Forma Basis assuming such Limited Condition Acquisition and other transactions in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) have been consummated.
Property Acquisitions System Agency funds must not be used to purchase buildings or real property. Any costs related to the initial acquisition of the buildings or real property are not allowable.
No Acquisitions The Company shall not, nor shall it permit any of its Subsidiaries to, acquire or agree to acquire by merging or consolidating with, or by purchasing a substantial equity interest in or a substantial portion of the assets of, or by any other manner, any business or any corporation, partnership, association or other business organization or division thereof without the approval of the holders of at least 75% in interest of the Covenant Preferred Shares, voting together as a class.
Information Acquisition Connecting Transmission Owner and Developer shall each submit specific information regarding the electrical characteristics of their respective facilities to the other, and to NYISO, as described below and in accordance with Applicable Reliability Standards.

Lease Acquisition Sample Clauses

Filter & Search

Related Clauses

Parent Clauses

Related to Lease Acquisition