This is a form addressing Preferential Right to Purchase Interest Assigned. In the event assignee receives a bona fide offer from a third party to purchase all or a part of the interest assigned to assignee in this assignment, and assignee desires to accept the offer,assignee shall notify assignor in writing of the existence of the third party offer.
Colorado Preferential Right to Purchase Interest Assigned
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US-OG-504
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Area of mutual interest (AMI) is a defined geographic location in which two or more oil or natural gas companies have a stake. Area Of Mutual Interest (AMI): What It is, How It Works - Investopedia investopedia.com ? terms ? area-of-mutual-i... investopedia.com ? terms ? area-of-mutual-i...
Implied Covenant to Develop the Lease: This implied covenant requires the Lessee to protect against drainage and typically arises when a neighbor's land is drilled and that lease could be draining oil out from under the leased land. Implied Covenants Owed to Land and Mineral Right Owners wattsguerra.com ? implied-covenants-owed-to-lan... wattsguerra.com ? implied-covenants-owed-to-lan...
Preferential Right means any right or agreement that enables any Person to purchase or acquire any Asset or any interest therein or portion thereof as a result of or in connection with the execution or delivery of this Agreement or the consummation of the transactions contemplated hereby. Preferential Right Definition: 130 Samples - Law Insider lawinsider.com ? dictionary ? preferential-ri... lawinsider.com ? dictionary ? preferential-ri...
1. n. [Oil and Gas Business] The right that nonselling participating parties have in a lease, well or unit to proportionately acquire the interest that a participating party proposes to sell to a third party.
