Common use of Net Profits Interest Clause in Contracts

Net Profits Interest. In consideration for the payment by Investor to Owner of the Advance, Investor shall have the rights provided for in this Article III and elsewhere in this Agreement with respect to the Accounts, including without limitation the rights to receive payments from Owner measured by each Account pursuant to Section 3.7 (all of such rights are herein collectively called the "Net Profits Interest"). The Net Profits Interest is intended to provide to Investor substantially the same economic benefit as if Investor was the owner of a direct net profits interest in each Association Contract to the extent it relates to the Designated Percentage of the related Subject Interests and on the terms otherwise provided for herein; provided, however, that no rights or interest of any nature whatsoever in an Association Contract, any Subject Interests or Harken Colombia are intended to be, or are hereby, assigned or conveyed to Investor, it being understood and agreed that the Net Profits Interest is solely a contractual obligation of Owner as expressed in this Agreement.

Net Profits Interest. In consideration for the payment by Investor Investors to Owner of the AdvanceAdvances, Investor Investors shall have the rights provided for in this Article III and elsewhere in this Agreement with respect to the Accounts, including without limitation the rights to receive payments from Owner measured by each Account pursuant to Section 3.7 (all of such rights are herein collectively called the "Net Profits Interest"). The Net Profits Interest is intended to provide to Investor Investors substantially the same economic benefit as if each Investor was the owner of a direct net profits interest in each Association Contract to the extent it relates to the Designated Percentage of the related Subject Interests and on the terms otherwise provided for herein; provided, however, that no rights or interest of any nature whatsoever in an Association Contract, any Subject Interests or Harken Colombia are intended to be, or are hereby, assigned or conveyed to InvestorInvestors, it being understood and agreed that the Net Profits Interest is solely a contractual obligation of Owner as expressed in this Agreement.