Common use of Lease Sales Clause in Contracts

Lease Sales. (a) Except as provided in this Section 5.4, in Section 6.2(d) and elsewhere herein, the General Partner may sell, farm-out, abandon or otherwise dispose of any Partnership Lease, on such terms as the General Partner deems reasonable and in the best interests of the Partnership and the Limited Partner.

Appears in 2 contracts

Samples: BreitBurn Energy Partners L.P., Magnum Hunter Resources Inc

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Lease Sales. (a) Except as provided in this Section 5.4, in Section 6.2(dSubject to SUBSECTION (B) below and SECTION 6.2(D) and elsewhere herein, the General Partner may sell, farm-out, abandon or otherwise dispose of any Partnership Lease, on such terms as the General Partner deems reasonable and in the best interests of the Partnership and the Limited PartnerPartners.

Appears in 2 contracts

Samples: Investors Agreement (Santa Fe Energy Trust), Texoil Inc /Nv/

Lease Sales. (a) Except as provided in this Section 5.4, in Section 6.2(d) ), and elsewhere herein, the General Partner may sell, farm-out, abandon or otherwise dispose of any Partnership Lease, on such terms as the General Partner deems reasonable and in the best interests of the Partnership and the Limited Partner.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Georesources Inc)

Lease Sales. (a) Except as provided in this Section 5.4, in Section 6.2(d6.2(c) and elsewhere herein, the General Partner may sell, farm-out, abandon or otherwise dispose of any Partnership Lease, on such terms as the General Partner deems reasonable and in the best interests of the Partnership and the Limited PartnerPartnership.

Appears in 1 contract

Samples: The Purchase and Sale Agreement (Primeenergy Corp)

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Lease Sales. (a) Except as provided in this Section 5.4, in Section 6.2(d) and elsewhere herein, the General Partner may sell, farm-out, abandon or otherwise dispose of any Partnership Lease, on such terms as the General Partner deems reasonable and in the best interests of the Partnership and the Limited PartnerPartners.

Appears in 1 contract

Samples: Encap Investments L C

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