Acquired Interest definition
Acquired Interest has the meaning set forth in the recitals to this Agreement.
Acquired Interest has the meaning set forth in Section 9.2(a).
Acquired Interest has the meaning set forth in the Recitals of this Agreement.
Examples of Acquired Interest in a sentence
Acquired Interest Acquired Interest can be an amount that has to be considered as the interest that has already been accrued on the contract.
Option to Receive Shipper’s Subsequently Acquired Interest in Gas from Existing and Future Xxxxx in the Area of Interest.
In reliance upon the representations and warranties of Xxxxxxxx contained herein, and on the terms and subject to the conditions herein set forth, LMP agrees that at Closing it will purchase the Acquired Interest from Xxxxxxxx.
In addition to that interest, you can specify an amount that is the Acquired Interest.
By way of clarification, the Acquired Interest must not be subject to any Liens.
More Definitions of Acquired Interest
Acquired Interest shall have the meaning ascribed to the term in Section 1.1 hereof.
Acquired Interest has the meaning set forth in the Recitals.
Acquired Interest has the meaning ascribed thereto in Section 5.1;
Acquired Interest has the meaning given in Section 9.1.
Acquired Interest shall have the meaning given in Section 8.1.
Acquired Interest shall have the meaning given that term in Section 10.07(a).
Acquired Interest means, to the extent located within the AMI Area, any and all (a) leases or leasehold interests affecting, relating to or covering any hydrocarbons in place, (b) leasehold interests and estates in the nature of working or operating interests under such leases, as well as overriding royalties, net profits interests, production payments, carried interests, rights of recoupment and other interests in, under or relating to such leases, and/or (c) any economic or contractual rights, options or interests in and to any of the foregoing, whether vested or contingent, including, without limitation, any farmout or farmin agreement; provided, however, the term “Acquired Interest” shall not include any (i) any fee mineral interests, fee royalty interests and any non-participating royalties and other similar interests in hydrocarbons in place (that are not acquired or derived from any leasehold interests), (ii) any other interest in hydrocarbons in place, (iii) any and all rights and interests attributable or allocable thereto by virtue of any pooling, unitization, communitization, production sharing or similar agreement, order or declaration (iv) any interests in any wellbores to the extent such wellbores are producing hydrocarbons as of the date of the applicable Acquisition of such interests by the Acquiring Party, (v) any interests described in subparts (a) through (c) of this definition INSOFAR AND ONLY INSOFAR as such interests are allocated to any wxxxx described in subpart (iv) of this definition, or (vi) any interests described in subparts (a) through (c) of this definition to the extent the aggregate Net Revenue Interest in such interest are equal to or less than the product of (i) 75% multiplied by (ii) the actual Working Interest in such interests.