PRB SALE definition
PRB SALE means the sale to PetroHunter Energy Corporation, a Maryland corporation ("PETROHUNTER"), by the Company and Dolphin Energy Corporation, a Nevada corporation and wholly-owned Subsidiary of the Company, of all of their Leased Real Property in the Powder River Basin of Wyoming and Montana as more specifically set forth on SCHEDULE 1 to the November 2006 Waiver and Amendment;
Examples of PRB SALE in a sentence
PetroHunter Energy Corporation, a Nevada corporation ("PETROHUNTER"), has agreed to purchase from the Company and Dolphin Energy Corporation, a Nevada corporation (the "PRB SALE"), all of their Leased Real Property (as defined in the 2005 Purchase Agreement, (as defined below)) in the Powder River Basin of Wyoming and Montana, as more specifically set forth on SCHEDULE 1 to the November 2006 Waiver and Amendment (as defined below) (the "PRB ASSETS").
Subject to Sections 6(b) and 6(c) and the conditions set forth in the definition of "APPROVED PRB SALE," each of the Buyers, severally and not jointly, hereby consents to, and approves, an Approved PRB Sale and the PRB Sale Related Transactions.