Examples of BLM Leases in a sentence
Upon the date that the BLM Leases are reinstated, the Plan Administrator shall be authorized to take any and all appropriate steps to transfer such BLM Leases to the Purchaser in accordance with the Sale Order.
Prior to the issuance of the BLM Leases, a formal protest of such issuance (the "Protest") was filed by one or more third parties, and as of the date of this Agreement, the BLM has not issued the BLM Leases and has not refunded the BLM Lease Price to the Company Parties, pending resolution of the Protest.
On June 10, 2016, the Debtors filed a Notice of Appeal and Petition for Stay of the Decision with the United States Department of Interior’s Office of hearings and Appeals seeking to reinstate the BLM Leases.
In February 2002, the Company Parties paid $1,428,436.75 (the "BLM Lease Price") to the Bureau of Land Management (the "BLM") to purchase certain federal leases (the "BLM Leases").
If the Protest is denied and the BLM Leases are issued by the BLM, the Company Parties will promptly execute and deliver to the Purchasers assignments, substantially in the form of the Closing Assignment set forth in Exhibit C-1, of an undivided 25% of the Company Parties' interest in the BLM Leases (or an undivided 27 1/2% or 30% of the Company Parties' interest, as appropriate, if the Purchasers have acquired part or all of the Additional Interest).