Stratex definition

Stratex or the “Company”), Harris and Stratex have entered into a Formation, Contribution and Merger Agreement, dated as of September 5, 2006 (the “Formation Agreement”), pursuant to which the Company was formed to acquire Stratex pursuant to the Merger (as defined in the Formation Agreement) and to receive the Contributed Assets (as defined in the Formation Agreement) from H▇▇▇▇▇ in the Contribution Transaction (as defined in the Formation Agreement), in each case on the terms and subject to the conditions set forth in the Formation Agreement; and
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Stratex or “Buyer”), a Colorado Corporation whose address is ▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ and Mesa Resources, Inc. (“Mesa” or “Seller”), a Nevada Corporation whose address is ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇-▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇. Stratex and Mesa may hereinafter be referred to collectively as the Parties or individually as a Party. The purposes of this Agreement are (1) to set forth the Terms and Conditions under which Stratex is to acquire from Mesa and Mesa is to sell and convey to Stratex certain working and net revenue interests (the “Interests”) in and to a ▇▇▇▇▇▇▇▇ County, Texas oil and gas property known as the ▇▇▇▇▇▇▇ ▇▇▇▇▇ (the “Property”); (2) to describe the drilling, completion and workover activities (the “Work Program”) that are to be conducted on the lease by Mesa; (3) to define the understanding between the Parties regarding operatorship of the Property; (4) to establish an Area of Mutual Interest (“AMI”) between the Parties in the vicinity of the Property; and (5) to provide guidelines to govern the pursuit of additional opportunities within the AMI. The Interests and the Property are more fully described in the exhibit attached hereto as Exhibit “A” to this Agreement. An overview of the Work Program is also presented in Exhibit “A”. The fixed cost arrangement under which the Work Program will be conducted (the “Turnkey Agreement”) is outlined in the exhibit attached hereto as Exhibit “B” to this Agreement. Additional exhibits are described in the Terms and Conditions section of this Agreement. The Parties acknowledge, approve and agree to the following Terms and Conditions:
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Examples of Stratex in a sentence

  • Harris and Stratex would not have entered into the Formation Agreement without the undertakings contained in this Agreement and the execution and delivery of this Agreement is a condition to closing under the Formation Agreement.

  • Harris and Stratex would not have entered into the Formation Agreement without the undertakings contained in this Agreement, and the execution and delivery of this Agreement is a condition to closing under the Formation Agreement.

  • Stratex does not own, directly or indirectly, any voting interest that may require a filing by Newco, H▇▇▇▇▇ or any of their Subsidiaries under the HSR Act.

  • None of Stratex or any of its Subsidiaries has engaged in any transactions that are the same as, or substantially similar to, any transaction which is a “reportable transaction” for purposes of Treasury Regulation § 1.6011-4(b) (including without limitation any transaction which the Internal Revenue Service has determined to be a “listed transaction” for purposes of Treasury Regulation § 1.6011-4(b)(2)).

  • Stratex shall use all reasonable efforts to cause each person who is an Affiliate of Stratex to deliver to Newco, as soon as reasonably practicable and in any event prior to the Stratex Stockholders Meeting, a written agreement substantially in the form attached as Exhibit 13.

  • Stratex has made available to H▇▇▇▇▇ a summary of any such disclosure made by management since March 31, 2004.

  • If such “tail” prepaid policy has been obtained by Stratex prior to the Closing, the Surviving Corporation shall, and Newco shall cause the Surviving Corporation to, maintain such policy in full force and effect, for its full term, and continue to honor their respective obligations thereunder, and all other obligations under this Section 9.18(c) shall terminate.

  • The parties hereto hereby designate Stratex as the sole operator of record for any and all completion and/or drilling activities to be undertaken on the Development Acreage (hereinafter defined), and the parties covenant and agree to do all things necessary to effectuate the designation of Stratex as the operator of record in a timely fashion including, without limitation, the filing of any necessary documents with the Texas Railroad Commission and the obtaining of any third party consents.

  • Following the timely commencement of the Initial Operation, Stratex shall have earned and be entitled to receive, an assignment of an undivided working interest in the Development Acreage equal to fifty percent (50%) of 8/8ths of all the oil, gas and other minerals which may be produced and sold from the lands comprised therein.

  • Each of the outstanding shares of capital stock of, or other equity interest in, each of Stratex’s Subsidiaries is duly authorized, validly issued, fully paid and nonassessable and is owned by Stratex or by a direct or indirect wholly owned Subsidiary of Stratex, free and clear of any Encumbrance.