Prospects definition
Examples of Prospects in a sentence
All information about NCPS Prospects is confidential information of NCPS, provided however upon any such NCPS Prospect becoming an investor in the Company all information provided to the Company by such NCPS Prospect will be Company property also.
For the avoidance of doubt, the parties listed in Exhibit A (“Excluded Investors”) shall be deemed to be Company Prospects.
The Partnership shall be responsible only for its obligations, and shall be liable only for its proportionate share of the costs of developing and operating the Prospects.
Notwithstanding the foregoing, if the Company has not informed the Escrow Agent within 18 months after the date of the Prospects in writing that an acquisition meeting the requirements of Rule 419 has occurred, funds held in the Escrow Account shall be returned by first class mail or equally prompt means pro rata to the purchasers and all securities held in the Escrow Account shall be returned to the Company within five business days following that date.
The Partnership shall have the right to take in kind and separately dispose of its share of all oil and gas produced from the Prospects, excluding its proportionate share of production required for lease operations and production unavoidably lost.