Common use of Option Not Exercised Clause in Contracts

Option Not Exercised. If the other Partner does not give -------------------- such notice within the 90-day period set forth in Section 13.4, neither it nor the Partnership shall have any interest in the acquired interest, and the acquired interest shall not be a part of the Partnership, shall not be considered Coal Property and shall not be subject to this Agreement.

Appears in 3 contracts

Samples: Partnership Agreement (Princess Beverly Coal Holding Co Inc), Partnership Agreement (Princess Beverly Coal Holding Co Inc), Partnership Agreement (Princess Beverly Coal Holding Co Inc)

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Option Not Exercised. If the other Partner does not give -------------------- such notice within the 90-day period set forth in Section 13.4, neither it nor the Partnership shall have any interest in the acquired interest, and the acquired interest shall not be a part of the Partnership, shall not be considered Coal Property and shall not be subject to this Agreement.

Appears in 3 contracts

Samples: Partnership Agreement (Shipyard River Coal Terminal Co), Company) Partnership Agreement (Shipyard River Coal Terminal Co), Partnership Agreement (Shipyard River Coal Terminal Co)

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