Assignments and Consideration Sample Clauses

Assignments and Consideration. Closing shall occur on May 18th, 2007. At closing, TETON shall remit to the Assignors cash consideration equal to the number of net acres of leasehold assigned multiplied by $75.00 for a total consideration of $488,325.00, subject to adjustment for title defects as provided in Section 3.2. The Assignors shall advise TETON in writing prior to the date of closing the proportionate amount of such payment payable to Mélange, Tinker, and Hxxxxx, respectively. The Assignors shall assign to TETON one hundred percent (100%) of the Assignors’ interest, as to all depths, subject to the retained/reserved overriding royalty interests provided for herein, in the Current Leasehold. All assignments from the Assignors to TETON shall be on a form of assignment attached hereto as Exhibit 3. In addition, the Assignors shall deliver assignments of federal and state leases on the required forms. Once all assignments have been fully executed by the Parties, TETON shall be responsible for submitting all assignments to the proper agency for approval or to the proper county for recording. All reservations of overriding royalty, as stated above in Article 3.3, shall be expressly stated.
Sample 1
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Assignments and Consideration. Closing shall occur on October 11, 2005. At Closing, AOGI shall remit to Tahosa et al (i) cash consideration equal to the number of net acres of leasehold assigned multiplied by $120.00 and (ii) 675,000 shares of AOGI stock. Notwithstanding the foregoing, in the event the number of net acres of Leasehold assigned exceeds 24,750 net acres the consideration for all of the excess Leasehold shall be equal to the consideration actually paid for the Leasehold by Tahosa et al plus actual acquisition costs (i.e. broker costs, title costs, recording fees, etc.). In the event the number of net acres of leasehold assigned is less than 24,750 net acres, the stock consideration provided for herein shall be reduced proportionately, although no fractional shares shall ever be delivered. Tahosa et al shall assign to AOGI all of Tahosa et al’s right, title and interest (but not its overriding royalty interest) in the Current Leasehold, subject to the overriding royalty interests described in Article 3.3 and the 25% leasehold interest (being the same 25% leasehold interest as is excluded in the definition of Current Leasehold, rather than an additional 25% interest) previously conveyed to Exxxxxxx. All assignments from Tahosa et al to AOGI shall be on a form of assignment acceptable to all Parties. Once the assignments have been fully executed by the Parties, AOGI shall be responsible for submitting the assignments to the proper agency for approval or to the proper county for recording. The AOGI stock provided for hereunder shall be registered pursuant to the Registration Statement on Form S-3 filed by AOGI with the Securities and Exchange Commission on June 9, 2005. AOGI agrees that, commencing upon the closing of the transactions contemplated by this agreement, it will apply for listing approval from the American Stock Exchange of the aforementioned stock. Tahosa et al agree not to sell more than 25,000 shares of AOGI stock in any given trading day without the express written permission of AOGI.
Sample 1
Assignments and Consideration. Closing shall occur on June 6th, 2007. At closing, TETON shall remit to the Assignor cash consideration equal to the number of net acres of leasehold assigned multiplied by $75.00 for a total consideration of $431,472.75 subject to adjustment for title defects as provided in Section 3.2. The Assignor shall assign to TETON one hundred percent (100%) of the Assignor’s interest, as to all depths, subject to the retained/reserved overriding royalty interest provided for herein, in the Kirkwood Leasehold. All assignments from the Assignor to TETON shall be on a form of assignment attached hereto as Exhibit 2. In addition, the Assignor shall deliver assignments of federal and state leases on the required forms. Once all assignments have been fully executed by the Parties, TETON shall be responsible for submitting all assignments to the proper agency for approval or to the proper county for recording. All reservations of overriding royalty, as stated above in Article 3.3, shall be expressly stated.
Sample 1
Assignments and Consideration 
Sample 1

Related to Assignments and Consideration

  • Special Considerations Special considerations in determining allowability of compensation will be given to any change in a non-Federal entity's compensation policy resulting in a substantial increase in its employees' level of compensation (particularly when the change was concurrent with an increase in the ratio of Federal awards to other activities) or any change in the treatment of allowability of specific types of compensation due to changes in Federal policy.

  • General Considerations a. All reports, drawings, designs, specifications, notebooks, computations, details, and calculation documents prepared by Vendor and presented to the Board pursuant to this Agreement are and remain the property of the Board as instruments of service.

  • Additional Considerations For each mediation or arbitration:

  • Additional Consideration Retrocessionaire agrees to pay under the Inuring Retrocessions all future premiums Retrocedant is obligated to pay pursuant to the terms of the Inuring Retrocessions to the extent that such premiums are allocable to Retrocessionaire in the manner set forth in Exhibit E hereto, and not otherwise paid by Retrocessionaire and to indemnify Retrocedant for all such premiums paid directly by Retrocedant, net of any ceding commissions and similar amounts paid by Third Party Retrocessionaires to Retrocedant.

  • Financial Considerations 5.1 In the event aggregate funding provided to SCDDO from county, state and/or federal sources is reduced or in any way becomes insufficient to fund this Agreement, the obligations of both SCDDO and the CSP must thereupon be: (1) reduced on a pro rata basis, or (2) renegotiated or terminated, provided that any termination of this Agreement must be without prejudice to any obligations or liabilities of the parties accrued prior to the termination.

  • Other Considerations A. Changes to an Approved Scope of Work: The Recipient shall notify FEMA and shall require a sub-recipient to notify it immediately when a sub-recipient proposes changes to an approved scope of work for an Undertaking.

  • Assignments and Transfers 18.1 Any assignment by either Party to any entity of any right, obligation or duty, or of any other interest hereunder, in whole or in part, without the prior written consent of the other Party shall be void. The assignee must provide evidence of a Commission approved certification to provide Telecommunications Service in each state that FPB is entitled to provide Telecommunications Service. After BellSouth’s consent, the Parties shall amend this Agreement to reflect such assignments and shall work cooperatively to implement any changes required due to such assignment. All obligations and duties of any Party under this Agreement shall be binding on all successors in interest and assigns of such Party. No assignment or delegation hereof shall relieve the assignor of its obligations under this Agreement in the event that the assignee fails to perform such obligations. Notwithstanding anything to the contrary in this Section, FPB shall not be permitted to assign this Agreement in whole or in part to any entity unless either

  • Initial Consideration On the Effective Date, Retrocessionaire shall reimburse Retrocedant for one hundred percent (100%) of any and all unearned premiums paid by Retrocedant under such Inuring Retrocessions net of any applicable unearned ceding commissions paid to Retrocedant thereunder.

  • Closing Consideration The closing consideration shall be delivered at the Closing as follows:

  • Assignments and Participation (a) Each Lender may assign to one or more banks or other entities all or a portion of its rights and obligations under this Agreement, the Notes and the Security Documents (including, without limitation, all or a portion of its Commitment, the Advances owing to it and the Note or Notes held by it) with the prior written consent of the Borrower to the extent the assignee thereunder is not then a Lender or an Affiliate of a Lender (which consent shall not be unreasonably withheld); provided, however, that (i) each such assignment shall be of a constant, and not a varying, percentage of all of the assigning Lender's rights and obligations under this Agreement, (ii) to the extent the assignee thereunder is not then a Lender or an Affiliate of a Lender, the amount of the Commitment or Note(s) to be held by such assignee (after giving effect to such assignment and any other assignments being made concurrently therewith to the same assignee by one or more other Lenders) shall in no event be less than $5,000,000, unless such assignment is of the entire amount of the assigning Lender's Commitment, and (iii) the parties to each such assignment shall execute and deliver to the Administrative Agent, for its acceptance and recording in the Register, a Lender Assignment, together with any Note or Notes subject to such assignment and a processing and recordation fee of $2,500. Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each Lender Assignment, which effective date shall be at least five Business Days after the execution thereof, (x) the assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Lender Assignment, have the rights and obligations of a Lender hereunder and (y) the Lender assignor thereunder shall, to the extent that rights and obligations hereunder have been assigned by it to an assignee pursuant to such Lender Assignment, relinquish its rights and be released from its obligations under this Agreement (and, in the case of a Lender Assignment covering all or the remaining portion of an assigning Lender's rights and obligations under this Agreement, such Lender shall cease to be a party hereto); provided, however, if an Event of Default shall have occurred and be continuing and the Administrative Agent shall have declared all Advances to be immediately due and payable hereunder a Lender may assign all or a portion of its rights and obligations without the prior written consent of the Borrower but otherwise in accordance with this Section.

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