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.
Nebraska Area of Mutual Interest
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Multi-State
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US-OG-695
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Word;
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Political subdivision shall include villages, cities, counties, school districts, public power districts, community colleges, natural resources districts, and all other units of local government.
An area of mutual interest (AMI) contract describes the geographic area contained in the AMI, the rights of each party (such as the percentage interest allocated to each company), the agreement's term, and how contract provisions are to be implemented.
Nebraska's Political Subdivisions Tort Claims Act governs liability of cities, towns, and counties and is very similar to the NTCA. Like the State, political subdivisions are not liable for intentional torts.
Interest income from state and local government obligations is exempt federally, but is taxable in Nebraska, except interest on bonds issued by Nebraska state and local government subdivisions.
?Political subdivision? ordinarily includes counties, cities, townships, villages, schools, sanitation, utility, irrigation, drainage and flood-control districts, and similar governmental entities.
Political subdivisions of Texas are units of local government that provide basic services, including education, public safety, ambulances, water and electric utilities, and public transit.
A public official or employee with a potential conflict of interest is required to disclose the conflict in writing. If he of she has an actual conflict of interest, he or she is required to abstain from participating or voting on the matter.
A unit of government created by and under the authority of a higher level of government. If a state divides itself up into counties, the counties are political subdivisions of the state.