This form creates an Area of Mutual Interest ( AMI ) comprising the Contract Area. During the term of this AMI, if any Party acquires all or any interest in any Oil and Gas Leases, any mineral interest, or any farmouts or other contracts which affect lands and minerals lying within the AMI, the Acquiring Party shall promptly advise each of the other Parties of the acquisition, at which time each Offeree shall have the right to acquire its proportionate interest in the Oil and Gas Interest.
Keywords: Wake North Carolina, Area of Mutual Interest, types Description: Wake North Carolina Area of Mutual Interest (AMI) refers to a specific region within Wake County, North Carolina, where various entities and stakeholders have common interests, goals, and concerns. An AMI is an agreed-upon geographic area that facilitates collaboration and coordination among organizations, agencies, and local communities. Within the Wake North Carolina Area of Mutual Interest, several types or categories can be identified: 1. Economic Development AMI: This type focuses on promoting economic growth, attracting businesses, creating job opportunities, and fostering entrepreneurship within the Wake County region. Stakeholders in this AMI may include local government agencies, chambers of commerce, economic development organizations, and educational institutions. 2. Environmental Conservation AMI: This type emphasizes the preservation and sustainable management of natural resources, ecosystems, and biodiversity within Wake County. Stakeholders in this AMI may include environmental nonprofits, local parks and recreation departments, wildlife conservation organizations, and governmental bodies responsible for environmental regulation. 3. Transportation and Infrastructure AMI: This type focuses on enhancing transportation systems, improving infrastructure, and addressing the mobility needs of the Wake County area. Stakeholders may include transportation authorities, engineering firms, city planners, public transit agencies, and community organizations advocating for better transportation networks. 4. Education and Research AMI: This type centers around promoting educational excellence, fostering research collaborations, and encouraging innovation within Wake County. Stakeholders in this AMI might include educational institutions, research centers, school boards, and organizations dedicated to promoting education and lifelong learning. 5. Community Development AMI: This type aims to enhance the quality of life, social well-being, and community cohesion in Wake County. Stakeholders in this AMI may include nonprofit organizations, community development agencies, neighborhood associations, and local government entities responsible for community planning and development. 6. Healthcare and Wellness AMI: This type involves efforts to improve the delivery of healthcare services, promote wellness initiatives, and address public health concerns in Wake County. Stakeholders may include hospitals, healthcare providers, public health departments, wellness organizations, and community health centers. In summary, the Wake North Carolina Area of Mutual Interest encompasses various types of collaborations and partnerships, including economic development, environmental conservation, transportation and infrastructure, education and research, community development, and healthcare and wellness. These types of AMIS allow stakeholders to work together to address shared challenges and leverage opportunities for the benefit of Wake County and its residents.Keywords: Wake North Carolina, Area of Mutual Interest, types Description: Wake North Carolina Area of Mutual Interest (AMI) refers to a specific region within Wake County, North Carolina, where various entities and stakeholders have common interests, goals, and concerns. An AMI is an agreed-upon geographic area that facilitates collaboration and coordination among organizations, agencies, and local communities. Within the Wake North Carolina Area of Mutual Interest, several types or categories can be identified: 1. Economic Development AMI: This type focuses on promoting economic growth, attracting businesses, creating job opportunities, and fostering entrepreneurship within the Wake County region. Stakeholders in this AMI may include local government agencies, chambers of commerce, economic development organizations, and educational institutions. 2. Environmental Conservation AMI: This type emphasizes the preservation and sustainable management of natural resources, ecosystems, and biodiversity within Wake County. Stakeholders in this AMI may include environmental nonprofits, local parks and recreation departments, wildlife conservation organizations, and governmental bodies responsible for environmental regulation. 3. Transportation and Infrastructure AMI: This type focuses on enhancing transportation systems, improving infrastructure, and addressing the mobility needs of the Wake County area. Stakeholders may include transportation authorities, engineering firms, city planners, public transit agencies, and community organizations advocating for better transportation networks. 4. Education and Research AMI: This type centers around promoting educational excellence, fostering research collaborations, and encouraging innovation within Wake County. Stakeholders in this AMI might include educational institutions, research centers, school boards, and organizations dedicated to promoting education and lifelong learning. 5. Community Development AMI: This type aims to enhance the quality of life, social well-being, and community cohesion in Wake County. Stakeholders in this AMI may include nonprofit organizations, community development agencies, neighborhood associations, and local government entities responsible for community planning and development. 6. Healthcare and Wellness AMI: This type involves efforts to improve the delivery of healthcare services, promote wellness initiatives, and address public health concerns in Wake County. Stakeholders may include hospitals, healthcare providers, public health departments, wellness organizations, and community health centers. In summary, the Wake North Carolina Area of Mutual Interest encompasses various types of collaborations and partnerships, including economic development, environmental conservation, transportation and infrastructure, education and research, community development, and healthcare and wellness. These types of AMIS allow stakeholders to work together to address shared challenges and leverage opportunities for the benefit of Wake County and its residents.
