Additional Acreage Sample Clauses

Additional Acreage. With regard to the Site, the area may be increased, in the City’s sole discretion, upon conclusion of the City’s construction and installation of a roundabout at ▇▇▇▇▇ ▇▇▇▇▇▇ and Florida Road and any additional area shall become part of the “Site” as defined herein.
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Additional Acreage. (a) If, after the Effective Date and prior to June 30, 2011, a Gastar Person directly or indirectly acquires Leases within the Additional AMI (“Additional Acreage”), then Gastar shall comply with the terms and conditions of this Section 5.2. This Section 5.2 shall not apply to acquisitions by a Gastar Person from its Affiliates. (b) On or before the tenth Business Day after the acquisition of the Additional Acreage, Gastar shall send to Participant a notice of such acquisition (an “Additional Acreage Notice”). On or before the 30th day after the Additional Acreage Notice is delivered to Participant, Participant will have the option to acquire all, but not less than all, of its Fully Earned Working Interest Share of all, but not less than all, of the Additional Acreage by providing written notice of such election to Gastar. If Participant fails to exercise its option within such 30-day period, Participant shall be deemed to have made an election not to participate. (c) If Participant elects or is deemed to have elected not to participate in accordance with Section 5.2(b), (i) Gastar will retain 100% of the Additional Acreage, which will not be governed by the terms of this Agreement or any Form JOA, and (ii) all of the acreage in the county or counties in which such Additional Acreage is located (other than those lands described in clause (iv) of the definition of Initial AMI) shall be excluded from Section 5.1 and 5.2, such that Participant shall have no right to acquire any acreage in such county or counties (other than those lands described in clause (iv) of the definition of Initial AMI). (d) If Participant elects to participate in accordance with Section 5.2(b), Participant shall purchase its Fully Earned Working Interest Share of the Additional Acreage from the Acquiring Party on or before the 30th day following its election. At the closing of the purchase from Gastar, for each Net Acre included in the Additional Acreage, (i) Participant shall pay to Gastar an up front payment of $1,755.50 and (ii) the Drilling Carry Cap shall be increased by $2,340.67. At the closing of the purchase from Gastar, Gastar shall deliver to Participant an assignment of its Fully Earned Working Interest Share of the Additional Acreage using the Form of Assignment, without warranty of title either express or implied, except as to claims made by, through or under Gastar, but not otherwise. Participant will be responsible for and will pay the costs of recording such assignmen...
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Additional Acreage. Tenant shall be allowed access to utilize an additional .5 acre parcel located at Newport Marine Terminal for parking equipment. Landlord and Tenant agree that this specific .5 acres of laydown acreage can be relocated but will remain on Newport Marine Terminal property. Landlord will give written notice to Tenant of need for relocation with specification of the new, comparable parking area. Tenant will relocate to the new designated area within 30 days of receipt of the written notice from Landlord.
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Additional Acreage. (a) (i) The Company Parties, at their sole option, may, from the Execution Date until Closing, enter into agreements to acquire and/or acquire additional oil, gas and other leasehold interests covering all the Target Depths in the area covered by the lands described on Schedule 5.15(a) attached hereto, including additional undivided interests in the Leases and (ii) following Closing, the Company Parties shall acquire those additional oil, gas and other leasehold interests covering all the Target Depths (excluding the Company Unearned Leases) which the Company Parties have entered into definitive agreements to acquire as of the Closing Date but, as of the Closing Date, have not received assignments of or otherwise consummated the transactions related thereto (collectively, the “New Interests”), such New Interests not to exceed two thousand five hundred (2,500) Net Mineral Acres in the aggregate, the Company Parties’ title to each such New Interest shall not be subject to Lease Burdens greater than twenty-five percent (25%) and the acquisition price for each such New Interest shall not exceed Ten Thousand Dollars ($10,000) per Net Mineral Acre covered by such New Interest.
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Additional Acreage. It is acknowledged that the land described on Exhibit “C”, consisting of approximately 40 acres, is not currently farmable due to environmental restrictions. At such time as the land or some portion thereof becomes legally farmable, Lessor shall notify Lessee and such additional farmable acreage shall be added to this Lease upon all the same terms and conditions, except that the rent hereunder shall be increased by $750.00 per acre per year for the initial ten years of the term of this Lease and by $900.00 per acre per year for the second ten years, payable monthly, commencing upon the delivery of such land to Lessee in a farmable condition.
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Additional Acreage. Company has through a third party nominated 560 net acres of mineral rights owned by the State of North Dakota located in Section 36, T142N-R95W, to be sold by auction at the state sale on August 5, 2008 in Minot, North Dakota (the "State Sale"), as scheduled on Exhibit "C." Woodstone agrees to attempt to purchase at the State Sale up to 560 net acres located in Section 36, T142N-R95W. Should Woodstone be successful in acquiring any of this acreage, NOG agrees to purchase up to 560 net acres of such acreage purchased by Woodstone under the same terms and conditions as the other acreage purchased from Woodstone. Should Woodstone pay more than $400 per acre for any of the State tracts purchased, NOG shall have the option to elect (a) not to acquire said tract from Woodstone or (b) to acquire said tract from Woodstone for the price paid by Woodstone at the sale plus $25.00 per net acre with Woodstone delivering an 80% net revenue interest to NOG. Further, Company agrees to attempt to acquire up to 5,000 additional net acres located within the referenced Townships and Ranges, which acreage would be in addition to that identified in the first paragraph above. Should Woodstone be successful in acquiring any of this acreage within ninety (90) days of Closing, NOG agrees to purchase up to 5,000 net acres of such acreage acquired by Company located in the above Townships and Ranges under the same terms and conditions as the other acreage purchased from Company. NOG agrees that it will not compete with Company within the aforementioned Townships and Ranges for a period of Ninety (90) days from closing.
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Additional Acreage. If Buyer's title examination shows that Seller owns more than 2,000 Net Mineral Acres in the Initial Leases, then (a) Buyer shall pay Seller at Closing and shall receive an assignment for the additional Net Mineral Acres based upon $3,000.000 per Net Mineral Acre and (b) any additional Net Mineral Acres shall be deemed a part of the Pending Leases. Net Mineral Acres in excess of 2,000 acres in the Pending Leases shall be deemed to be Acquired Interests, subject to the provisions of Article 6.
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Additional Acreage. The Additional Acreage shall be included in the Land; however, the inclusion of the Additional Acreage in the Land shall be subject to Tenant’s sole, reasonable determination that the Additional Acreage is located in an area and is of suitable composition for Tenant’s needs pursuant to the Permitted Use hereunder. Tenant shall obtain a survey (the “Survey”) prepared by a Texas licensed surveyor of the Additional Acreage at Tenant’s sole cost and expense and the Survey shall provide the final legal description, metes and bounds, and depiction of the Additional Acreage. Upon obtaining the final Survey, Tenant shall provide Landlord with a copy thereof and Tenant and Landlord shall (i) enter into an amendment of this Lease to replace Exhibit A-1 with the legal description provided in the Survey and (ii) enter into and file of record in the Real Property Records of ***, Texas, an amended Memorandum of Lease replacing the legal description of the Additional Acreage therein with the legal description set forth in the Survey. Upon such amendment to the Lease, Base Rent shall be adjusted to reflect the correct acreage and, notwithstanding anything to the contrary contained in the Lease, any excess Base Rent paid by Tenant shall be repaid to Tenant in the form of a credit against future payments of Base Rent.
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Related to Additional Acreage

  • ADDITIONAL ACTS If for the validation of any of the provisions in this Agreement any act, resolution, approval or other procedure is required to the fullest extent permitted by law, the Company undertakes to cause such act, resolution, approval or other procedure to be affected or adopted in a manner that will enable the Company to fulfill its obligations under this Agreement.

  • Additional Actions If, at any time after the Effective Time, the Surviving Corporation shall consider or be advised that any deeds, bills of sale, assignments, assurances or any other actions or things are necessary or desirable to vest, perfect or confirm of record or otherwise in the Surviving Corporation its right, title or interest in, to or under any of the rights, properties or assets of Merger Sub or the Company or otherwise carry out this Agreement, the officers and directors of the Surviving Corporation shall be authorized to execute and deliver, in the name and on behalf of Merger Sub or the Company, all such deeds, bills of sale, assignments and assurances and to take and do, in the name and on behalf of Merger Sub or the Company, all such other actions and things as may be necessary or desirable to vest, perfect or confirm any and all right, title and interest in, to and under such rights, properties or assets in the Surviving Corporation or otherwise to carry out this Agreement.

  • Additional Action 10.1 Each Party to this Agreement shall execute and deliver such other documents and do such other acts and things as may be reasonably necessary or desirable to give effect to the provisions of this Agreement. 10.2 Nothing contained in the Agreement shall be construed as creating an obligation on the part of either Party to refrain from entering into a business relationship with any third party. Nothing contained in the Agreement shall be construed as creating a joint venture, partnership or employment relationship between the Parties. Except as specified herein, neither Party shall have the right, power or implied authority to create any obligation or duty (express, implied or otherwise) on behalf of the other Party. For the avoidance of doubt, nothing in this Agreement shall oblige either of the Parties to enter into any agreements or transactions whatsoever.

  • Additional Activities I agree that during the period of my employment by the Company I will not, without the Company's express written consent, engage in any employment or business activity which is competitive with, or would otherwise conflict with, my employment by the Company. I agree further that for the period of my employment by the Company and for one (l) year after the date of termination of my employment by the Company I will not induce any employee of the Company to leave the employ of the Company.

  • Additional Acquiring Funds In the event that an Acquiring Fund wishes to include one or more series in addition to those originally set forth on Schedule A, the Acquiring Fund shall so notify the Acquired Fund in writing, and if the Acquired Fund agrees in writing, such series shall hereunder become an Acquiring Fund, and Schedule A shall be amended accordingly.