Active Prospect definition
Examples of Active Prospect in a sentence
During the AMI Term Aspect shall continue to have the same elections as to the continued funding of Subsequent Deposits in the amount of two hundred thousand dollars for continued participation in the Active Prospect Areas as each prior Subsequent Deposit runs out until such time as Aspect elects Full Termination.
After the termination of this Agreement for Cause, neither Master Servicer nor Owner shall have further obligations hereunder, and Manager shall have no power or right to act in any way on behalf of Master Servicer or Owner and shall not be entitled to any additional compensation by reason of Master Servicer or Owner’s purchase of any Property, including any Pending Contract or Active Prospect.
In the event of Par▇▇▇▇ ▇ermination this Agreement shall terminate as to any Leasehold Interests and Royalty Interests which are acquired after the funds from the Initial Deposit have been exhausted by Brigham, except as to Leasehold Interests and Royalty Interes▇▇ ▇▇▇t cover lands that are located within Active Prospect Areas.
Notwithstanding anything in paragraph 7 above to the contrary but subject to the next sentence, Sydson and each applicable Meridian Party retain and do not release any or all audit rights (and corresponding rights to issue additional invoices, including for expenses incurred before the Effective Time) under, subject to and in accordance the applicable MPA, Third-Party JOA and MPA-Form JOA with respect to any Active Prospect.
If the Active Prospect List is not delivered on or before the List Date, time being of the essence, Broker shall have no right to any commission based on the provisions of this Section 8.1 d) and no right to bring any action or claim for any such commission based on the provisions of this Section 8.