who hold an 80% and 20% undivided interest
Initially, Weststar have a first option to earn a 50% undivided interest
in the property in consideration for: (a) a cash payment of $15,000 in cash at closing, (b) the issuance of 350,000 common shares of Weststar at closing, and (c) an amount of $1,000,000 in exploration expenditures on the Property over a period of three (3) year as follows: (i) on or before the first anniversary of closing, an amount of $250,000, of which at least $175,000 (70%) will consist of diamond drilling (ii) on or before the second anniversary of closing, an additional amount of $300,000, of which at least $210,000 (70%) will consist of diamond drilling, and (iii) on or before the third anniversary of closing, an additional amount of $450,000, of which $315,000 (70%) will consist of diamond drilling.
291 (1973), the plaintiffs had not "united to enforce a single title or right in which they have a common and undivided interest
5% interest in the ranch included a 45% discount because it was a fractional undivided interest
The Company may also seek to have the undivided interests
in the property partitioned so that it has complete ownership of the land on which it was constructing its pipeline.
Diversified master limited partnership, Williams Partners (NYSE:WPZ) has closed its transaction to acquire an approximately 83% undivided interest
in Williams' (NYSE:WMB) Geismar olefins production facility and its refinery-grade propylene splitter for USD2.
The joint venture anticipates selling undivided interest
in the property through a tenant-in-common offering organized by IREX.
Additionally, BHP agreed to buy a 50% undivided interest
in three existing wells in this area in Reeves County, Texas, in the Delaware sub-basin of the Permian Basin for about USD18m from Energen Resources, providing BHP a 50% undivided interest
in 4,829 net acres after buying and subject to initiating horizontal completions of two wells.
170(f)(3)(B)(ii) permits the deduction for a gift of an undivided interest
in tangible personal property.
The notes represent senior undivided interest
in the trust assets.
1235(a), a transfer (other than by gift, inheritance or devise) of property consisting of all substantial rights to a patent, or an undivided interest
therein that includes a part of all such rights, by any holder, will be treated as the sale or exchange of a capital asset held for more than one year, regardless of whether payments in consideration of such transfer are (1) payable periodically over a period generally coterminous with the transferee's use of the patent or (2) contingent on the productivity, use or disposition of the property transferred.
IRVING, Texas -- Exxon Mobil Corporation (NYSE:XOM) and subsidiaries have signed agreements today with Abu Dhabi National Oil Company (ADNOC) through which ExxonMobil Abu Dhabi Offshore Petroleum Company Limited (EMAD) receives a 28 percent undivided interest
out of ADNOC's 88 percent interest in the Upper Zakum Oil Field.
Each co-owner must share in all revenues generated by the property and all associated costs, in proportion to its undivided interest
to acquire a 100% undivided interest
in a strategic block of uranium claims located in the prolific Joenensuu magistrate in Eastern Finland.
5% undivided interest
in Texas real estate and 50% undivided interests
in New Mexico real estate and a yacht.