OGM Interest definition

OGM Interest means any oil and gas fee or leasehold interest, oil and gas well or unit mineral interest, royalty interest, net profits interest or the right to earn any such interest or any ownership interest in any Person who owns any such interests. As used herein, “AMI” means those areas within one (1) mile of (i) the OGM Interests identified on Exhibit A attached hereto and (ii) any OGM Interests acquired by Company or its Subsidiary after the Effective Date and prior to the termination of this Agreement. Company acknowledges and agrees that, in addition to the information included on Exhibit A, it shall provide additional information regarding the AMI as may be reasonably requested by Consultant from time to time. As used herein “AMI Threshold” means $50,000.
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Examples of OGM Interest in a sentence

  • If any Consultant Person or Affiliate of any Consultant Person (the “Acquiring Party”) acquires or contracts to acquire, or desires to offer or contract to acquire, directly or indirectly, through any individual or entity associated or affiliated with such Acquiring Party, any OGM Interest within the AMI (or any equity interest in an entity that has any OGM Interest within the AMI), Consultant shall cause the applicable Acquiring Parties to offer Company the right to make such acquisition.

  • If the Acquiring Party has not received actual written notice of such election within the fifteen (15) business day period, it shall be conclusively presumed that Company rejects the offer and the Acquiring Party may offer and enter into a contract to acquire and acquire the OGM Interest without any participation by or obligation to Company.

  • Company shall have fifteen (15) business days after the receipt of such notice and information within which to notify the Acquiring Party of Company’s election to acquire or offer or contract to acquire, as applicable, the OGM Interest in the AMI acquired or to be acquired by the Acquiring Party.