Xxxxxxxx Petroleum Corporation, Xxxxxxxx Petroleum Company L Sample Clauses

Xxxxxxxx Petroleum Corporation, Xxxxxxxx Petroleum Company L. L.C. and Xxxxxxxx Petroleum Company-Lafitte, L.L.C. vs. Stone Energy Corporation No. 2000-06437, in the 125th Judicial District Court, Xxxxxx County, Texas. This action was commenced by the Company and its subsidiaries on February 8, 2000. This action arises out of a May 20, 1999 letter agreement between Xxxxxxxx Petroleum Corporation (the "Company") and Xxxxxxxx Petroleum Company, L.L.C. ("Xxxxxxxx-Louisiana"), on the one hand, and Stone Energy Corporation, on the other. The interests of the Company and Xxxxxxxx-Louisiana were later transferred to Xxxxxxxx Petroleum Company- Lafitte, L.L.C. ("Xxxxxxxx-Xxxxxxx"). The Letter Agreement represents the agreement between the parties to jointly acquire the Lafitte Field from Texaco Exploration and Production, Inc. ("Texaco"), with Stone owning a 51% interest and Xxxxxxxx-Xxxxxxx owning a 49% interest, and to jointly develop that field. The Company and its subsidiaries allege that Stone fraudulently induced the execution of the Letter Agreement in that Stone's actions indicate that Stone has never intended to share the benefits of the field with Xxxxxxxx-Xxxxxxx. The suit further alleges that Stone breached various contractual and other obligations by failing to provide to Xxxxxxxx-Xxxxxxx its 49% undivided interest in 3-D Seismic data acquired by the parties from Texaco. Finally, the suit alleges that Stone has tortiously interfered with the Company's relationship with Texaco and has published false and defamatory statements regarding the Company and its subsidiaries. In the suit, the Company and its subsidiaries seek the rescission of the May 20, 1999 Letter Agreement, restoring the Company to full ownership of the Lafitte Field, compensatory and punitive damages, and specific performance of Stone's obligations regarding the 3-D seismic data. Counsel of record for the Company and its subsidiaries is Xxxxxxx X. Xxxxxx, Mayor, Day, Xxxxxxxx & Xxxxxx, 000 Xxxxxxxxx, Xxxxx 0000, Xxxxxxx, Xxxxx 00000, (000) 000-0000.
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Related to Xxxxxxxx Petroleum Corporation, Xxxxxxxx Petroleum Company L

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  • Xxxxxxx Xxxxxxx/Market Abuse Laws You acknowledge that, depending on your country or broker’s country, or the country in which Common Stock is listed, you may be subject to xxxxxxx xxxxxxx restrictions and/or market abuse laws in applicable jurisdictions, which may affect your ability to accept, acquire, sell or attempt to sell, or otherwise dispose of the shares of Common Stock, rights to shares of Common Stock (e.g., RSUs) or rights linked to the value of Common Stock, during such times as you are considered to have “inside information” regarding the Company (as defined by the laws or regulations in applicable jurisdictions, including the United States and your country). Local xxxxxxx xxxxxxx laws and regulations may prohibit the cancellation or amendment of orders you placed before possessing inside information. Furthermore, you may be prohibited from (i) disclosing insider information to any third party, including fellow employees and (ii) “tipping” third parties or causing them to otherwise buy or sell securities. Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Company xxxxxxx xxxxxxx policy. You acknowledge that it is your responsibility to comply with any applicable restrictions, and you should speak to your personal advisor on this matter.

  • Xxxxxxxx X Xxxxxxxx, as Trustee .................. 00 Xxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000

  • Xxxxxxx X X. Xxxxxxxx -------------------------- Xxxxxxx X. X. Xxxxxxxx

  • Xxxxxxxx, President ACKNOWLEDGED AND ACCEPTED ------------------------- State Street Bank and Trust Company By: /s/ -------------------------------

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