Common use of Reacquisition Clause in Contracts

Reacquisition. If any Properties are abandoned or surrendered under the provisions of this Section 14, then, unless this Agreement is earlier terminated, no Participant (except a Participant that has objected to an abandonment or surrender) nor any Affiliate thereof shall acquire any interest in such Properties for a period of one year following the date of such abandonment or surrender. If a Participant reacquires any Properties in violation of this Section 14.2, the other Participants may elect by notice to the reacquiring Participant within 45 days after actual notice of such reacquisition, to have such properties made subject to the terms of this Agreement. In the event such an election is made, the acquired properties shall thereafter be treated as Properties, and the costs of reacquisition shall be borne solely by the reacquiring Participant and shall not be included for purposes of calculating the Participants” respective Participating Interests.

Reacquisition. If any Properties are Property is abandoned or surrendered under the provisions of this Section 14Article 13, then, unless this Agreement is earlier terminated, no Participant (except a Participant that has objected to an abandonment or surrender) nor any Affiliate thereof shall acquire any interest in in--such Properties Property for a period of one year following the date of such abandonment or surrender. If a Participant reacquires any Properties Property in violation of this Section 14.213.02, the other Participants Participant may elect by notice to the reacquiring Participant within 45 days after actual notice of such reacquisition, to have such properties made subject to the terms of this Agreement. In the event such an election is made, the acquired properties shall thereafter be treated as PropertiesProperty, and the costs of reacquisition shall be borne solely by the reacquiring Participant and shall not be included for purposes of calculating the Participants” Participant's respective Participating Interests.

Reacquisition. If any Properties are part of the Property is abandoned or surrendered under the provisions of this Section Article 14, then, unless this Agreement is earlier terminated, no Participant (except a Participant that has objected to an abandonment or surrender) nor any Affiliate thereof shall acquire any interest in such Properties Property for a period of one year three years following the date of such abandonment or surrender. If a Participant reacquires any Properties Property in violation of this Section 14.2, the other Participants Participant may elect by notice to the reacquiring Participant within 45 days after actual notice of such reacquisition, to have such properties made subject to the terms of this Agreement. In the event such an election is made, the acquired properties shall thereafter be treated as Propertiesthe Property, and the costs of reacquisition shall be borne solely by the reacquiring Participant and shall not be included for purposes of calculating the Participants” Participant’s respective Participating InterestsInterest.