overrides. (Choose one or more of (1) through (6) if applicable.)
overrides. (Choose one or both of (1) and (2) if applicable.)
overrides. (Choose one or more of (1) through (3) if applicable.)
overrides. (Choose one or more if applicable.)
overrides. (choose one or more of (1) through (9) as applicable):
overrides. The Plan disregards Service following a Separation from Service or Break in Service, as follows:
(d) Plan Contributions and Forfeitures (
overrides. (i) On the Closing Date, the Company shall, and shall cause each of the Subsidiaries that own any Real Property (as defined in Section 3(bb)) to, deliver to each of the Buyers Overrides, each duly and validly executed by the Company and each of the Subsidiaries (as applicable), providing such Buyer with perpetual overriding royalty interests, effective from the Closing Date, in the hydrocarbon production of all of the Company’s and the Subsidiaries’ current and future interest in all of the Current Override Properties equal to three percent (3%), multiplied by such Buyer’s Allocation Percentage.
(ii) During the period commencing on (and including) the one-year anniversary of the Closing Date and terminating on (and excluding) the two-year anniversary of the Closing Date, the Company shall have the right to purchase from the Buyers all (but not less than all) of the Overrides issued to the Buyers prior to the one-year anniversary of the Closing Date (the Override Exchange”), by delivery of a written notice of election (the date of delivery of the written notice, the “Override Exchange Election Date,” and each such written notice, an “Override Exchange Notice”) to each of the Buyers, provided that the Conditions to Override Exchange (as set forth in Section 1(d)(iii)) are satisfied (or waived in writing by each of the Buyers). An Override Exchange Notice shall be irrevocable by the Company. The Company shall not be entitled or permitted to effect the Override Exchange, or deliver any Override Exchange Notice, unless the Company takes the same action, at the same time, with respect to all of the Overrides. No later than ten (10) Business Days following the Override Exchange Election Date, each of the Company and Buyers holding a majority in interest of the outstanding Overrides shall select an oil and gas industry recognized appraiser, independent of the Company, the Subsidiaries and each of the Buyers (each, an “Appraiser” and together, the “Appraisers”), to determine the Fair Market Value of the Overrides held by each of the Buyers. The designation of an Appraiser by the Company and by Buyers holding a majority in interest of the outstanding Overrides, respectively, shall not be made without the prior consent of the other, which consent shall not be unreasonably withheld. Each Appraiser shall be directed to deliver a written report (each, a “Valuation Report”) to the Company and each of the Buyers as to such Appraiser’s valuation of the Overrides (in the ag...
overrides. The Overrides, upon execution and delivery by the parties thereto, (i) will legally and effectively convey perpetual overriding royalty interests in the hydrocarbon production of all of the Company’s and the Subsidiaries’ current and future interest in all of their then current Real Property, in the percentages and as otherwise described in such conveyances, in each of the respective jurisdictions in which such Real Property is located, and (ii) will provide legal descriptions of the Subject Lands (as defined in each of the Overrides) sufficient to satisfy all requirements relating to such descriptions in each of such jurisdictions.
overrides. The Plan disregards Service following a Separation from Service or Break in Service, as follows:
overrides. The aggregate amounts received from airlines by Preview --------- or its agents for performance over and above standard sales targets set by such airlines, including without limitation, any amounts based on percentage of target volume, flat fee arrangements, or other non- cash incentives.
