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tharmon51

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tharmon51

Re: gandalf48ct post# 30811

Wednesday, 08/01/2007 5:28:16 PM

Wednesday, August 01, 2007 5:28:16 PM

Post# of 44006
Gandalf

I think it means Bend Arch can't sell the leases to anyone else until they actually pay Proco for them. For instance, they can't sell off some of the leases at the higher (I assume) current prices, use the money to pay Proco and keep the rest of the leases. They must pay Proco first, then Bend Arch can do what they want with the leases. No idea if that is buyout related, but I doubt it.
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