Examples of AMI Agreement in a sentence
Under the AMI Agreement, to whatever extent Hess acquires additional leases, Plaintiffs would benefit, in the form of additional ORRIs, “from the resources [Hess] invested in acquiring new leases, if any, without any effort on Plaintiffs’ part, and receive those ORRIs ‘free and clear of any burdens placed thereon by [Hess].’” Hess Aplee.
Id.The thrust of Spring Creek’s argument for reconsideration was that the district court would have interpreted Hess’s obligations under the AMI Agreement differently had it reviewed other agreements executed that same day.
Thus, they believe they should be entitled to the value of the lost opportunity to acquire leases in the AMI area from the date of Hess’s breach until the expiration of the AMI Agreement.
Statoil had no interest in inheriting Hess’s obligations under the AMI Agreement.
These sorts of imagined breaches, detached from any contractual duty, are appropriately dismissed at the pleadings stage.In their attempt to undermine the plain meaning of the “If” provision, Plaintiffs point to two other portions of the AMI Agreement: a recital and a broker provision.