Common use of Additional Leases Clause in Contracts

Additional Leases. In the event that Assignor acquires any additional leases ("Additional Lease") other than the Subject Interests in the AMI Area prior to Assignor's satisfaction of Assignor's drilling requirements in Section 2.01, Assignor and Trustee shall execute, acknowledge, and deliver an instrument that amends this Development Agreement so that such Additional Lease will be part of the Subject Interests and Subject Development Lands hereunder.

Appears in 1 contract

Sources: Development Agreement (Appalachian Gas Royalty Trust)

Additional Leases. In the event that Assignor acquires any additional leases lease ("Additional Lease") other than the Subject Interests in ---------------- the AMI Area Areas prior to Assignor's satisfaction of Assignor's drilling requirements in Section 2.012.01 of the Development Agreement, Assignor and Trustee Assignee shall execute, acknowledge, and deliver an instrument that amends this Development Agreement Conveyance so that such Additional Lease will be subject to the Term Royalty Interest and be part of the Subject Interests and Subject Development Lands hereunder.

Appears in 1 contract

Sources: Term Royalty Conveyance (Energy Corp of America)