AMI Sample Clauses

AMI. The area median income for San Xxxxxx County, Colorado based on the most recently published area median income limits established by the United States Department of Housing and Urban Development.
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AMI. To Seller’s Knowledge, there are no area of mutual interest agreements to which the Sellers are subject with respect to the Properties.
AMI. The Gridiron AMI is an area of mutual interest (“AMI”) by and among the Parties hereto as to the lands within such Gridiron AMI to be administered pursuant to the terms and provisions of Article XVI.D. of the JOA (or any other governing JOA).
AMI. (a) An Area of Mutual Interest (“AMI”) is hereby formed and created between the Parties, which includes only the area described in Exhibit H. The AMI shall remain in force and effect until December 31, 2014. After December 31, 2014, the AMI may be extended by the mutual agreement of the Parties, but, absent such an extending agreement, the AMI shall thereafter be limited to those units, Lands or Leases that contain Subject Interests and in which both the Buyer and either Seller continue to have an ownership interest and only for so long as the Buyer and either Seller retains an ownership interest therein. As set forth in detail below, the Parties shall be entitled to participate in all Interests acquired after the Effective Date by any Party on the basis set forth below: Buyer 40% Sellers 60%, except where Buyer makes an acquisition in accordance with 13.07(b)(ii), in which case the percentages shall be reversed and Buyer shall be entitled to participate with 60% and Sellers with 40%
AMI. The Parties acknowledge that Seller or its Affiliates will be acquiring additional Leases in the East Texas/North Louisiana Area from and after the date of this Agreement (the “Additional Interests”). Such Additional Interests shall be excluded from the transactions contemplated by this Agreement (and no adjustment shall be made to the Closing Cash Consideration or the Carried Cost Obligation as a result thereof) and the Parties agree that, upon Closing, Seller or any such Affiliate shall offer to Buyer its 50% undivided share of any such Additional Interests pursuant to Article 9 of the Joint Development Agreement.
AMI. Upon the execution hereof, the Parties shall establish the Area of Mutual Interest covering the lands depicted on the attached Exhibit D, ("AMI"). The term of the AMI shall continue through the Drilling Term. During the term of the AMI, if an oil or gas lease, or other interest within the AMI is acquired by one Party (the "Acquiring Party"), the Acquiring Party shall offer the other Parties ("Non-acquiring Parties") their proportionate share of such lease or interest (including all obligations associated with such lease or interest) as set forth below.
AMI. The Borrower will not permit any of its Affiliates to acquire any Hydrocarbon Interests in the State of North Dakota. Borrower is the only Subsidiary of Parent that will own Hydrocarbon Interests in North Dakota and Parent will not own Hydrocarbon Interests in North Dakota.
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AMI. Alternative Method of Instruction
AMI. AMI" means the Area of Mutual Interest created by and described in Section II of this Agreement.
AMI. An Area of Mutual Interest (AMI) shall be established within the boundaries of the Project Area. The AMI shall be for a period of three (3) years from the date of this Agreement. Subject only to the specific terms of this Agreement to the contrary, a Party acquiring an interest in leasehold within the boundary of the AMI and during its term shall be obligated to offer the leasehold to the other Party in the proportion that each Party owns in non state lands under this Agreement. The acquiring party shall give the non-acquiring Party written notice of all information relevant to the leasehold acquired. The non-acquiring Party shall have 20 days after receipt of notice from the acquiring Party to elect, in writing, to participate in such acquisition. Failure to make an election to participate in the acquisition within the twenty (20) day period shall be deemed an election to not participate in the acquisition. Should a Party elect not to take its proportionate share of a leasehold interest, the non-acquiring Party shall forfeit its right to participate in future leasehold acquisitions in all sections of land that fall within a 3-mile radius of the lands being acquired in such leasehold acquisition.
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