Subsequently Acquired Leases Sample Clauses

Subsequently Acquired Leases. In the event that after the Effective Date hereof Customer and/or any of its Affiliates acquire Leases within the Dedicated Area, then the Dedicated Gas produced and saved from such Leases shall automatically be included within the Dedication; provided, however, if any of the Dedicated Gas produced from such Leases is subject to a Prior Dedication, then such Dedicated Gas shall be excluded from the Dedication, to the extent and only to the extent of such Prior Dedication, until such Prior Dedication expires or terminates. In the event that any such Prior Dedication expires or terminates, then 4
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Subsequently Acquired Leases. It is understood by the parties that it may be advisable to acquire additional leases within the AMI (Subsequently Acquired Leases). Aurora, at its option, may acquire such Leases on such terms and for such consideration as Aurora deems reasxxxxxx. Xx each monthly Joint Interest Billing statement, Aurora shall provide Investor with an estimation of Subsequently Acquired Leases to be obtained by Aurora in the next month, including the acquisition costs for the same. Based on these estimated lease acquisition costs Aurora shall include on each Joint Interest Billing, the Investor's proportionate advance payment required for said lease acquisitions. Reconciliation to Investor's Joint Interest Billing shall be made periodically based on the actual costs of the leasing program. Investor shall participate in such Subsequently Acquired Leases to the extent of an undivided twenty-two and one-half percent (22.5%) interest before payout on a well by well basis and an undivided twenty percent (20.0%) after payout on a well by well basis by paying to Aurora twenty-five percent (25%) of the actual acquisition costs for the Subsequently Acquired Leases. Payment by Investor shall be made within ten (10) days of receipt of each Joint Interest Billing. For purposes of this section, lease acquisition costs shall include but shall not be limited to lease bonus, surface use fees and land and legal fees. If Investor does not make his payment as required in this paragraph, he forfeits his interest to those leases acquired.
Sample 1

Related to Subsequently Acquired Leases

  • Subsequently Acquired Collateral If any Pledgor shall acquire (by purchase, stock dividend or otherwise) any additional Collateral at any time or from time to time after the date hereof, such Collateral shall automatically (and without any further action being required to be taken) be subject to the pledge and security interests created pursuant to Section 3.1 hereof and, furthermore, the Pledgor will promptly thereafter take (or cause to be taken) all action with respect to such Collateral in accordance with the procedures set forth in Section 3.2 hereof, and will promptly thereafter deliver to the Pledgee (i) a certificate executed by a principal executive officer of such Pledgor describing such Collateral and certifying that the same has been duly pledged in favor of the Pledgee (for the benefit of the Secured Creditors) hereunder and (ii) supplements to Annexes A through F hereto as are necessary to cause such annexes to be complete and accurate at such time. Without limiting the foregoing, each Pledgor shall be required to pledge hereunder any shares of stock at any time and from time to time after the date hereof acquired by such Pledgor of any Foreign Corporation, provided that (x) except as provided in Section 8.12 of the Credit Agreement, no Pledgor (to the extent that it is the Borrower or a Domestic Subsidiary of the Borrower) shall be required at any time to pledge hereunder more than 65% of the Voting Stock of any Foreign Corporation and (y) each Pledgor shall be required to pledge hereunder 100% of any Non-Voting Stock at any time and from time to time acquired by such Pledgor of any Foreign Corporation.

  • Real estate transactions You must sign the certification. You may cross out item 2 of the certification.

  • Property Acquisitions System Agency funds must not be used to purchase buildings or real property. Any costs related to the initial acquisition of the buildings or real property are not allowable.

  • Mergers, Consolidations, Sales of Assets and Acquisitions Merge into or consolidate with any other person, or permit any other person to merge into or consolidate with it, or Dispose of (in one transaction or in a series of related transactions) all or any part of its assets (whether now owned or hereafter acquired), or Dispose of any Equity Interests of any Subsidiary, or purchase, lease or otherwise acquire (in one transaction or a series of related transactions) all of the assets of any other person or division or line of business of a person, except that this Section 6.05 shall not prohibit:

  • Sale and Lease-Back Transactions Enter into any arrangement, directly or indirectly, with any person whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property which it intends to use for substantially the same purpose or purposes as the property being sold or transferred unless (a) the sale of such property is permitted by Section 6.05 and (b) any Capital Lease Obligations, Synthetic Lease Obligations or Liens arising in connection therewith are permitted by Sections 6.01 and 6.02, as the case may be.

  • Off-Balance Sheet Transactions There is no transaction, arrangement or other relationship between the Company or any of its Subsidiaries and an unconsolidated or other off-balance sheet entity which is required to be disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus (other than as disclosed therein).

  • Sale and Leasebacks The Borrower will not enter into --------------------- any arrangement, directly or indirectly, with any Person whereby the Borrower shall sell or transfer any of its Property, whether now owned or hereafter acquired, and whereby the Borrower shall then or thereafter rent or lease such Property or any part thereof or other Property that the Borrower intends to use for substantially the same purpose or purposes as the Property sold or transferred.

  • Sale and Leaseback Transactions The Company will not, and will not permit any of its Subsidiaries to, enter into any Sale and Leaseback Transaction except:

  • Operating Leases Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be made) by the Loan Parties (on a consolidated basis) to exceed $1,000,000 in any Fiscal Year.

  • Operating Lease Obligations On the Effective Date, none of the Loan Parties has any Operating Lease Obligations other than the Operating Lease Obligations set forth on Schedule 6.01(q).

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