Existing AMI Interests definition

Existing AMI Interests means the Seismic and Lease Options, Oil and Gas Leases and Seismic Permits which have been acquired by Parallel as of December 1, 1997.

Examples of Existing AMI Interests in a sentence

  • Parallel, Unit, Beta and Xxxxx hereby agree that TAC shall have the exclusive right to acquire AMI Interests through August 1, 1997, and that same shall be treated in all respects as Existing AMI Interests.

  • The Parties hereby agree to own, as their Initial Interest, and agree to bear the costs set out below as follows: Party Initial Interest Share of Costs Share of Costs for Prior to Leasehold Leasehold Acquisition Acquisition and Subsequent Operations TAC .2000000 .0625000 .2000000 Parallel .1750000 .2187500 .1750000 Unit .2500000 .3125000 .2500000 Beta .2500000 .2500000 .2500000 Xxxxx .1250000 .1562500 .1250000 TAC has acquired and now owns the Existing AMI Interests.

  • Parallel, Unit, Beta and Xxxxx agree that their costs in the Existing AMI Interests shall be based on $75.00 per net mineral acre on seismic and lease options, and cost plus 25% on oil and gas leases and seismic permits.

  • The Existing AMI Interests are presently comprised of approximately 23,183.908 net mineral acres covered by seismic and lease option, and 300.5 net mineral acres covered by seismic permit where cost was $25.00/net mineral acre.

  • Parallel, Unit, Beta and Xxxxx agree to pay TAC their portion of such cost, as referenced above, in the Existing AMI Interests upon execution of this Agreement.

  • TAC represents that, except as hereinafter provided, it has not burdened the Existing AMI Interests acquired or to be acquired with any liens or Subsequently Created Burdens.

  • Payments due hereunder for Existing AMI Interests under Article 2.2, renewals and/or extensions acquired under Article 2.6, Seismic Operations under Article 3.4, and Lease Acquisition under Article 4 shall be mandatory.

  • Parallel, TAC and Allegro represent that they have not burdened the Existing AMI Interests acquired or to be acquired with any liens or Subsequently Created Burdens.

  • Based on the foregoing, the current total cost of Existing AMI Interests is One million seven hundred forty-eight thousand one hundred eighty-three and 73/100 Dollars ($1,748,183.73).

  • Payments due hereunder, including Cash Calls provided for in Article 2.9, for Existing AMI Interests under Article 2.2, renewals and/or extensions acquired under Article 2.6, Seismic Operations under Article 3.4, and Lease Acquisition under Article 4 shall be mandatory.

Related to Existing AMI Interests

  • Transferred Interests has the meaning set forth in the Recitals.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • Subsidiary Interests means, collectively, the issued and outstanding shares of stock of the Subsidiary Debtors as of the Petition Date and any options, warrants or other contractual rights to acquire any shares of stock of the Subsidiary Debtors as of the Petition Date.

  • Existing Equity Interests means any Equity Security, including all issued, unissued, authorized, or outstanding shares of capital stock and any other common stock, preferred stock, limited liability company interests, and any other equity, ownership, or profit interests of Mariposa Intermediate, including all options, warrants, rights, stock appreciation rights, phantom stock rights, restricted stock units, redemption rights, repurchase rights, convertible, exercisable, or exchangeable securities, or other agreements, arrangements, or commitments of any character relating to, or whose value is related to, any such interest or other ownership interest in Mariposa Intermediate, whether or not arising under or in connection with any employment agreement and whether or not certificated, transferable, preferred, common, voting, or denominated “stock” or a similar security.

  • Intercompany Interests means an Interest in a Debtor held by another Debtor and, for the avoidance of doubt, excludes the Existing Equity Interests.

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • Common Interests of any Person means Capital Interests in such Person that do not rank prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to Capital Interests of any other class in such Person.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Related interests means the interests of a coastal State directly affected or threatened by a wreck, such as:

  • Class B Interests As set forth in the Trust Agreement.

  • Contributed Interests has the meaning set forth in the recitals.

  • Assumed Interest Amount With respect to any Distribution Date and Class of Subordinated Certificates, one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class on the applicable Assumed Balance immediately prior to that Distribution Date.

  • REMIC II Interests means, collectively, the REMIC II Regular Interests and the Class R-II Certificates.

  • Purchased Interests has the meaning set forth in the Recitals.

  • LLC Interests shall have the meaning given to such term in Section 5.1.3.

  • Intercompany Interest means an Interest in a Debtor held by another Debtor.

  • Membership Interests has the meaning set forth in the recitals.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Other Interests means the legal or equitable estates or interests and other rights in relation to the determination area described in Schedule Five and referred to in paragraph 14;

  • Assigned Interests has the meaning set forth in Section 2 hereof; and

  • Company Interests has the meaning set forth in the Recitals.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.