Examples of BLM Leases in a sentence
Upon the date that the BLM Leases are reinstated, the Plan Administrator shall be authorized to take any and all appropriate steps to transfer such BLM Leases to the Purchaser in accordance with the Sale Order.
Without limiting the generality of the foregoing, JPMorgan Chase Bank, N.A. shall act as sub-collateral agent for purposes of the BLM Leases (the “BLM Sub-Collateral Agent”).
If the Protest is denied and the BLM Leases are issued by the BLM, the Company Parties will promptly execute and deliver to the Purchasers assignments, substantially in the form of the Closing Assignment set forth in Exhibit C-1, of an undivided 25% of the Company Parties' interest in the BLM Leases (or an undivided 27 1/2% or 30% of the Company Parties' interest, as appropriate, if the Purchasers have acquired part or all of the Additional Interest).
The BLM Leases are noted on Exhibit A as not issued and under protest.
In February 2002, the Company Parties paid $1,428,436.75 (the "BLM Lease Price") to the Bureau of Land Management (the "BLM") to purchase certain federal leases (the "BLM Leases").