Examples of Proposed Sale Notice in a sentence
Background: XXXX proposed this lease sale on August 16, 2016, in the Proposed Sale Notice and Request for Interest (PSN/RFI) for Commercial Leasing for Wind Power on the Outer Continental Shelf (OCS) Offshore North Carolina (Kitty Hawk), which was published in the Federal Register (81 FR 54591).
If Buyer does not provide such a notice, then, subject to the requirements of Section 14.7, Seller may sell the Facility to any third party, provided that if a sale is not consummated within eighteen (18) months following the date of the Proposed Sale Notice, then Seller must provide Buyer with another Proposed Sale Notice hereunder (and go through the process set forth herein) before consummating any such sale.
This Proposed Sale Notice (PSN) contains information pertaining to the areas available for leasing, certain lease provisions and conditions, auction details, lease forms, criteria for evaluating competing bids, award procedures, appeal procedures, and lease execution procedures.
The comment period following issuance of a Proposed Sale Notice will be 60 days.
XXXX will publish the Proposed Sale Notice in the FEDERAL REGISTER and send it to the Governor of any affected State, any In- xxxx Tribe that might be affected, and the executive of any local government that might be affected.