AMI Interests definition

AMI Interests means the Vanguard PUD Interests, the Vinland PUD Interests and the New AMI Leases.

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AMI Interests means any interest in the oil, gas or other minerals in and under the AMI, including leasehold interests under oil and gas leases, oil and gas lease options, interests of the farmee under farmout agreement, and other such interests or rights similar or dissimilar to those mentioned, including, but not limited to, seismic permits. AMI Interest does not, however, include nonpossessory interests in the oil, gas and other minerals in and under the AMI, such as royalty interests, overriding royalty interests, net profits interests, or other such interests whether similar or dissimilar to those mentioned.

AMI Interests means interests in and rights with respect to Hydrocarbons and Hydrocarbons leases, subleases, fee interests, fee mineral interests, mineral servitudes, royalties, overriding royalties, production payments, net profits interests, carried interests, reversionary interests and all other interests of any kind or character in Hydrocarbons in place and located in or covering any part of the AMI (collectively, the “Oil and Gas Leases”), together with any and all other rights, titles and interests in and to any pooled acreage, communitized acreage or units arising on account of the Oil and Gas Leases having been pooled, communitized or unitized into such units, including any arrangement by which the consideration to acquire an Oil and Gas Lease is paid at the time of signing of such Oil and Gas Lease but such Oil and Gas Lease becomes effective only after expiration or termination of an existing lease.

Examples of AMI Interests in a sentence

Each Party agrees to perform its Proportionate Share of the obligations under the AMI Interests acquired pursuant to this Agreement and the other obligations described in this Article, but only to the extent that such obligations arise after the acquisition of such AMI Interests by such Party.
The Parties hereby establish an Area of Mutual Interest "AMI", same to be comprised of the area outlined on the attached Exhibit "A", and which shall cover AMI Interests located therein.
Each Party's interest under this agreement in the AMI Interests, and oil and gas leases which may be acquired thereunder, shall be subject to and burdened by its proportionate share of all existing operating agreements, existing and pending pooling and spacing orders and all Lease Burdens other than Subsequently Created Burdens.
After the expiration of the Interim Period and this Agreement, the terms of the relevant Operating Agreement shall control the development of the AMI Interests.
After the termination of this Agreement, the rights and obligations of the Parties with regard to the ▇▇▇▇▇ and ▇▇▇▇▇ subsequently drilled on areas subject to the AMI Interests will be governed by the Operating Agreement applicable to such property which is executed pursuant to Section 3.1(f).
The following procedures shall apply to all PUD ▇▇▇▇▇ to be drilled on the oil and gas leases which comprise the AMI Interests.
Upon receipt of payment for AMI Interests, Parallel shall assign to the Parties hereto their Initial Interest in such AMI Interests.
An Acquisition Notice shall be provided for each transaction pursuant to which one or more AMI Interests is directly or indirectly acquired by any CRC Person during such five (5) year period.
In any event, the Parties agree to pay Operator their respective shares of the total costs of the 3-D Seismic Operations conducted on all land covered by AMI Interests as set forth in Article 2.2 hereof.
Such assignment shall be recordable in form, shall be subject to this agreement, shall provide for warranty by, through and under Parallel, but not otherwise, and shall be subject to the terms and provisions of the AMI Interests assigned.

More Definitions of AMI Interests

AMI Interests shall have the meaning ascribed to it in Sub-Article 13.1; provided, however, AMI Interests shall not include renewals and extensions of oil and gas leases owned by Chesapeake or an Affiliate of Chesapeake within the Program Area as of the Effective Date.

AMI Interests means any right or interest in and/or to any Petroleum Substances related to the Area of Mutual Interest;

AMI Interests means any right, title, or interest of MRD Operating or any of its Subsidiaries in lands, ▇▇▇▇▇, or leases located within the AMI with the right to produce Hydrocarbons therefrom, whether arising from fee ownership, working interest ownership, mineral ownership, leasehold ownership, or arising from any pooling, unitization or communitization of any of the foregoing rights.

AMI Interests means any (1) oil, gas, and/or associated hydrocarbon interest,

AMI Interests means (a) oil, gas and other mineral leases, and any other real property interests, leases, or contracts granting the right to explore for and produce hydrocarbons, (b) any AMI Investment Opportunity, and (c) all interests in units or ▇▇▇▇▇, fee interests, subleases, mineral rights, back in interests, joint venture interests, operating rights, royalties, overriding royalties, production payments, net profits interests, carried interests, easements, rights-of-way, surface leases, permits, licenses, and other interests, together with all rights, titles, interests, tenements, hereditaments, appurtenances, benefits and privileges attributable to each such interest, in each case (a), (b), and (c) to the extent covering lands located within the AMI. If an interest of the type described in (a), (b), or (c) is located partially within the AMI, the AMI shall be deemed modified to cover and include all of such interest.