Property law

Vine Energy Inc. Announces Amendment to Second Lien Term Loan

Retrieved on: 
Thursday, July 1, 2021
Oil, Gas, Energy, Money, Finance, Economy, Property law, Business law, Bankruptcy, Credit, Loans, Lien, Second lien loan

Vine Energy Inc. (NYSE: VEI) announced that its subsidiary, Vine Energy Holdings LLC, has amended its second lien term loan agreement to effectively reduce the amount of future natural gas production that is required to be subject to hedging.

Key Points: 
  • Vine Energy Inc. (NYSE: VEI) announced that its subsidiary, Vine Energy Holdings LLC, has amended its second lien term loan agreement to effectively reduce the amount of future natural gas production that is required to be subject to hedging.
  • Commenting on the amendment to the Companys second lien term loan agreement, Chairman, President & CEO Eric Marsh stated, This amendment meaningfully reduces the required hedging under our credit agreements and aligns the requirements of our reserve-based lending facility with our second lien term loan.
  • We would like to thank our second lien term loan lenders for working with us on this amendment.
  • Vine Energy Inc., based in Plano, Texas, is an energy company focused on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana.

REZI Launches in Miami Market

Retrieved on: 
Wednesday, June 30, 2021
Articles, Real property law, Law, Business law, Contract law, Landlord–tenant law, Lease, Property law, Rezi, Landlord, Private law

NEW YORK, June 30, 2021 /PRNewswire/ -- REZI , the pioneer of the iRenter industry, has kicked off their US expansion with the launch into the Miami market, it was announced today by Sean Mitchell, co-founder and CEO of REZI.

Key Points: 
  • NEW YORK, June 30, 2021 /PRNewswire/ -- REZI , the pioneer of the iRenter industry, has kicked off their US expansion with the launch into the Miami market, it was announced today by Sean Mitchell, co-founder and CEO of REZI.
  • Operating successfully in New York since 2018, REZI is now bringing its game-changing leasing product to Miami -a proprietary AI-powered service that enables landlords to lease their residential properties directly to REZI at higher-than-average net effective rent prices.
  • "REZI is committed to investing $75 million in master leases before the end of the year and this Miami launch is a key step towards that goal."
  • With REZI, renters are able to:
    Schedule tours online 24/7 for a time that fits their schedule.

Gledhow Investments plc: GM, Update of Investments and Total Voting Rights

Retrieved on: 
Wednesday, June 30, 2021
Aboriginal title, Contract law, Corporate law, Pre-emption right, Property law, Private law, Proxy, Law, Preemption, Companies Act, Business law

The special resolution, seeks approval to disapply the statutory pre-emption rights under section 561 of the Companies Act 2006.

Key Points: 
  • The special resolution, seeks approval to disapply the statutory pre-emption rights under section 561 of the Companies Act 2006.
  • Further to the interim results to 31 March 2021, the Company is now reporting on some of the current investments.
  • The Form of Proxy can be emailed to Gledhow Investments plc, at [email protected].
  • Completion of the Form of Proxy will not preclude you from attending and voting at the General Meeting in person if you so wish.

Land Trust Alliance Welcomes Reintroduction of Conservation Easement Legislation in Congress

Retrieved on: 
Friday, June 25, 2021
Real property law, Articles, Natural environment, Property law, Agriculture in the United States, Conservation easement, Energy law, Urban planning, Land Trust Alliance, Land trust, Easement, Trust law

WASHINGTON, June 24, 2021 /PRNewswire-PRWeb/ --The Land Trust Alliance, a national land conservation organization working to save the places people need and love by strengthening land conservation across America, today welcomed reintroduction in Congress of the Charitable Conservation Easement Program Integrity Act.

Key Points: 
  • WASHINGTON, June 24, 2021 /PRNewswire-PRWeb/ --The Land Trust Alliance, a national land conservation organization working to save the places people need and love by strengthening land conservation across America, today welcomed reintroduction in Congress of the Charitable Conservation Easement Program Integrity Act.
  • The following statement can be attributed to Andrew Bowman, president & CEO of the Land Trust Alliance:
    "On behalf of the Land Trust Alliance and its nearly 1,000 member land trusts, I thank Sens.
  • "Lobbyists working against the Charitable Conservation Easement Program Integrity Act claim it would hinder land conservation.
  • Founded in 1982, the Land Trust Alliance is a national land conservation organization that works to save the places people need and love by strengthening land conservation across America.

Major Western Utility Selects NV5 for $9 Million in Surveying, Permitting, and Technical Services

Retrieved on: 
Thursday, June 24, 2021
Articles, Construction, Easement, Freedom to Roam, Land tenure, Real property law, Infrastructure, Property law

NV5 will provide surveying, permitting, and technical services to support the construction and maintenance of the utilitys electric and gas infrastructure.

Key Points: 
  • NV5 will provide surveying, permitting, and technical services to support the construction and maintenance of the utilitys electric and gas infrastructure.
  • Improvements to utility infrastructure and the upgrade of existing assets is essential to the delivery of reliable power to the communities we serve, said Dickerson Wright, PE, Chairman and CEO of NV5.
  • NV5s expertise in identifying and resolving accessibility challenges and easement interference during construction and maintenance of utility infrastructure is a differentiator for NV5 and provides a unique value for our utility clients.
  • The Company primarily focuses on six business verticals: testing, inspection & consulting, infrastructure support services, utility services, buildings & program management, environmental health sciences, and geospatial technology services.

CTI BioPharma Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Retrieved on: 
Wednesday, June 23, 2021
Options, Corporate finance, Financial economics, Finance, Private law, Stock market, Labour law, Property law, Vesting, Exercise, Stock, Incentive stock option

The equity awards were approved on June 23, 2021, in accordance with Nasdaq Listing Rule 5635(c)(4).

Key Points: 
  • The equity awards were approved on June 23, 2021, in accordance with Nasdaq Listing Rule 5635(c)(4).
  • The employees received options to purchase an aggregate of 25,500 shares of CTI BioPharma common stock.
  • The options will be issued upon each employee's grant date (the "Grant Date"), and all stock options included within the equity inducement awards will have an exercise price equal to the closing price of CTI BioPharma common stock on each respective Grant Date.
  • One-fourth of the options will vest on each anniversary of the employee's Grant Date, subject to the employee's continued employment with CTI BioPharma on such vesting dates.

Permex Petroleum Announces Additional Oil and Natural Gas Royalty Acquisitions in Texas

Retrieved on: 
Wednesday, June 23, 2021
Oil and gas law, Expense, Intellectual property law, Patent law, Royalty payment, Oil and gas law in the United States, Property law, Energy in the United States, Economy of the United States

Vancouver, British Columbia--(Newsfile Corp. - June 23, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company"), announced today that it has closed on multiple non-operated royalty interest ("RI") acquisitions in 29 oil and gas wells located in the Permian Basin of west Texas, all of which have established long-term production.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - June 23, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company"), announced today that it has closed on multiple non-operated royalty interest ("RI") acquisitions in 29 oil and gas wells located in the Permian Basin of west Texas, all of which have established long-term production.
  • The recently acquired oil and gas royalty interest properties are located in Howard, Martin, Midland and Reeves counties.
  • "Our strategic business shift to have continuously acquired royalty interest ownership in oil and natural gas properties during the downturn has positioned us for exceptional returns on these investments.
  • We continue to monitor the market for additional non-operating working interest and royalty interest acquisitions and partnerships."

Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

Retrieved on: 
Wednesday, June 23, 2021
Articles, Business law, Contract law, Landlord–tenant law, Lease, Property law, Law, Business

Total headcount for equipment finance companies was down 13.8 percent year-over-year, a decrease due to significant downsizing at an MLFI reporting company.

Key Points: 
  • Total headcount for equipment finance companies was down 13.8 percent year-over-year, a decrease due to significant downsizing at an MLFI reporting company.
  • Separately, the Equipment Leasing & Finance Foundations Monthly Confidence Index (MCI-EFI) in June is 71.3, steady with the May index of 72.1.
  • The MLFI-25 measures monthly commercial equipment lease and loan activity as reported by participating ELFA member equipment finance companies representing a cross section of the equipment finance sector, including small ticket, middle-market, large ticket, bank, captive and independent leasing and finance companies.
  • Based on hard survey data, the responses mirror the economic activity of the broader equipment finance sector and current business conditions nationally.

Euro Manganese Announces Grant of Stock Options

Retrieved on: 
Tuesday, June 22, 2021
Options, Chemistry, Physical sciences, Natural sciences, Corporate finance, Stock market, Labour law, Property law, Vesting, Manganese, Stock, Exercise

The stock options are exercisable for a term of ten years at an exercise price of $0.59 per common share.

Key Points: 
  • The stock options are exercisable for a term of ten years at an exercise price of $0.59 per common share.
  • The options will vest one-third on the date of grant, and one-third on each of the first and second anniversaries of the date of grant.
  • The Company also announces the cancellation of 484,669 unvested stock options held by former employees, directors and consultants of the Company.
  • Euro Manganese Inc. is a battery materials company whose principal focus is advancing the development of the Chvaletice Manganese Project, in which it holds a 100% interest.

DGAP-News: HAMBORNER REIT AG signs follow-on leases with new anchor tenants for all REAL locations

Retrieved on: 
Tuesday, June 22, 2021
Articles, Commercial real estate, Contract law, Law, Landlord–tenant law, Lease, Property law, Real estate investment trust, Anchor tenant, Globus, Real estate investing, Private law

In view of the ongoing restructuring of the hypermarket group Real, HAMBORNER was proactively exploring alternative uses for this space and began negotiations with potential new tenants for follow-on leases early on.

Key Points: 
  • In view of the ongoing restructuring of the hypermarket group Real, HAMBORNER was proactively exploring alternative uses for this space and began negotiations with potential new tenants for follow-on leases early on.
  • As a result, a mutually satisfactory cancellation agreement was reached with the existing tenant Real, and leases with new and attractive anchor tenants in the food retail sector were signed at the same time.
  • Globus will also be using other areas in the property in addition to the space currently leased by Real.
  • The company is a registered real estate investment trust (REIT) and benefits from corporation and trade tax exemption at company level.