Public Acquisitions Sample Clauses

Public Acquisitions. (a) Notwithstanding Section 12.1, each Member shall be entitled to engage in the following transactions and any rights or interests acquired thereby shall be deemed not to be Additional Rights and the acquiror thereof shall be deemed not to be an Acquiring Member: (i) the acquisition of any or all of the outstanding securities of a Person with securities listed on a Recognized Exchange; and (ii) the acquisition of Mineral Rights, surface and subsurface rights and interests, and/or other ancillary rights and interests, including rights and interests with respect to water, access, and use within the Area of Interest from a Person where such Mineral Rights, surface and subsurface rights and interests, and/or other ancillary rights and interests, including rights and interests with respect to water, access, and use within the Area of Interest do not constitute a material portion of the totality of the assets thereby acquired from such Person. (b) In addition, any claims, Authorizations, leases, licenses or other forms of tenure or other forms of mineral, subsurface, or surface tenure or rights or interests of any kind associated with, substituted, renewed or amended in respect of the interests acquired pursuant to the exceptions in Sections 12.2(a)(i) and 12.2(a)(ii) or issued in consequence of such interests, whether extending over a greater or lesser area than such interests, shall be deemed not to be Additional Rights.