Existing AMI Interests definition

Existing AMI Interests means the Seismic and Lease Options, Oil and Gas Leases and Seismic Permits which have been acquired by TAC as of August 1, 1997.
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Examples of Existing AMI Interests in a sentence

  • TAC represents that, except as hereinafter provided, it has not burdened the Existing AMI Interests acquired or to be acquired with any liens or Subsequently Created Burdens.

  • Parallel, Unit, Beta and ▇▇▇▇▇ hereby agree that TAC shall have the exclusive right to acquire AMI Interests through August 1, 1997, and that same shall be treated in all respects as Existing AMI Interests.

  • Based on the foregoing, the current total cost of Existing AMI Interests is One million seven hundred forty-eight thousand one hundred eighty-three and 73/100 Dollars ($1,748,183.73).

  • The Existing AMI Interests are presently comprised of approximately 23,183.908 net mineral acres covered by seismic and lease option, and 300.5 net mineral acres covered by seismic permit where cost was $25.00/net mineral acre.

  • Parallel, Unit, Beta and ▇▇▇▇▇ agree to pay TAC their portion of such cost, as referenced above, in the Existing AMI Interests upon execution of this Agreement.

  • Parallel, Unit, Beta and ▇▇▇▇▇ agree that their costs in the Existing AMI Interests shall be based on $75.00 per net mineral acre on seismic and lease options, and cost plus 25% on oil and gas leases and seismic permits.

  • Parallel, TAC and Allegro represent that they have not burdened the Existing AMI Interests acquired or to be acquired with any liens or Subsequently Created Burdens.

  • Payments due hereunder for Existing AMI Interests under Article 2.2, renewals and/or extensions acquired under Article 2.6, Seismic Operations under Article 3.4, and Lease Acquisition under Article 4 shall be mandatory.

  • The Parties hereby agree to own, as their Initial Interest, and agree to bear the costs set out below as follows: Party Initial Interest Share of Costs Share of Costs for Prior to Leasehold Leasehold Acquisition Acquisition and Subsequent Operations TAC .2000000 .0625000 .2000000 Parallel .1750000 .2187500 .1750000 Unit .2500000 .3125000 .2500000 Beta .2500000 .2500000 .2500000 ▇▇▇▇▇ .1250000 .1562500 .1250000 TAC has acquired and now owns the Existing AMI Interests.

  • Parallel agrees to file for record in the office of the ▇▇▇▇▇▇▇ County Clerk, all Memorandums of Seismic and Lease Options covering the Existing AMI Interests within fifteen (15) days of the date this Agreement is executed by all Parties.

Related to Existing AMI Interests

  • Transferred Interests has the meaning set forth in the Recitals.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • Subsidiary Interests means, collectively, the issued and outstanding shares of stock of the Subsidiary Debtors as of the Petition Date and any options, warrants or other contractual rights to acquire any shares of stock of the Subsidiary Debtors as of the Petition Date.

  • Existing Equity Interests means any Equity Security, including all issued, unissued, authorized, or outstanding shares of capital stock and any other common stock, preferred stock, limited liability company interests, and any other equity, ownership, or profit interests of Mariposa Intermediate, including all options, warrants, rights, stock appreciation rights, phantom stock rights, restricted stock units, redemption rights, repurchase rights, convertible, exercisable, or exchangeable securities, or other agreements, arrangements, or commitments of any character relating to, or whose value is related to, any such interest or other ownership interest in Mariposa Intermediate, whether or not arising under or in connection with any employment agreement and whether or not certificated, transferable, preferred, common, voting, or denominated “stock” or a similar security.

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.