Acquired Interest has the meaning set forth in Section 9.2(a).
Acquired Interest has the meaning set forth in the recitals to this Agreement.
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 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.
The accounting policies that were used in preparation of the financial statements are consistent with the policies used in preparation of the consolidated financial statements of the Group for the year ended on 31 December 2012, except for the changes resulting from implementation of new standards.
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 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.
Acquired Interest as defined herein), covering any acreage within the legal description of the Contract Acreage set forth in Exhibit 1 and including lands located in Wasatch County, Utah within the following legal description: Wasatch County, Utah in the Uintah Special Meridian Township 5 South, Range 10 West, Sections: 1-36 the acquiring party (hereinafter referred to as "Proposing Party") shall promptly notify the non-acquiring party (hereinafter referred to as "Non- Proposing Party") of such Acquired Interest and shall attach a copy of the instrument evidencing the same, together with all title materials in its possession and an itemized statement of the acquisition costs attributable to each such Acquired Interest. Such acquisition costs shall exclude any overhead, financing or other internal costs incurred by the Proposing Party. The Non- Proposing Party shall have the option to acquire its proportionate share as set forth in Article I for Participant 85% and 15% of any interest offered for Pioneer, of the Acquired Interest by notifying the Proposing Party of its election in writing within fifteen (15) days (seventy-two (72) hours exclusive of Saturdays, Sundays, and legal banking holidays in the event an oil and gas rig is drilling or standing by accumulating charges anywhere within the proposed area in which the Acquired Interest is located) after receipt of such offer. Failure of a Non-Proposing Party to so notify the Proposing Party in the specified time period shall be deemed an election not to participate. Should the Non-Proposing Party elect to acquire its proportionate share of the Acquired Interest, such party shall within thirty (30) days of its election, pay to the Proposing Party its share of the acquisition costs or assume its proportionate share of any contractual commitment necessary to earn such Acquired Interest. Upon such payment, the Proposing Party shall promptly execute and deliver to the Non-Proposing Party an assignment, in customary form and containing a "By, Through and Under" Warranty as to title of the leasehold interest assigned. If the Proposing Party does not receive timely payment from the parties who elect to so participate, the Proposing Party may give such non-paying parties certified written notice that failure to receive such payment in five (5) days shall be deemed an election by such non-paying party to not participate in the acquisition of such interest.
Acquired Interest shall have the meaning given that term in Section 10.07(a).
Acquired Interest. On the Closing Date, RVOP shall sell and deliver to TLP or its designated affiliate, free and clear of all liens and encumbrances, all of RVOP’s right, title and interest in (i) all outstanding stock in the Included Subsidiaries and (ii) all of RVOP’s right title and interest in the US Pipelines and US Easements.
Acquired Interest has the meaning set forth in Section 2.2(a) of the Transfer Provisions.