Net Revenue Interest Sample Clauses

Net Revenue Interest. El Paso represents and warrants that its average aggregate ratio of net revenue interest to working interest for the Subject ▇▇▇▇▇ is not less than seventy percent (70%). Upon conversion of the Net Overriding Royalty Interest as provided in Section 2.5(b), Ramshorn waives all remedies for any breach of the foregoing representation.

Net Revenue Interest. The Restricted Companies own a “net revenue interest” in each of the Mortgaged Properties which is not less than the interest specified in the description of such property in the Collateral Documents, with the term “net revenue interest”, as used herein, meaning the proportionate share of the production of oil, gas or other minerals to which the Restricted Companies are entitled after deduction of all royalties, overriding royalties and other interests payable from or measured by production.

Net Revenue Interest. “Net Revenue Interest” means the decimal ownership of the lessee in production from a Lease, after deducting all applicable Lease Burdens.

Net Revenue Interest. The net revenue interest in the Oil and Gas Rights in the Leases shall be seventy-five percent (72.50%). In the event there is any outstanding interest acquired under the existing tracts of land in the Leases described on Exhibit “A”, PARTICIPANT’S share of such interest shall be delivered to PARTICIPANT at seventy-two and one half percent (72.50%) Net Revenue Interest. Other interests acquired shall be covered under the AMI described below.

Net Revenue Interest. The four w▇▇▇▇ and acreage are subject to various mineral lease owner and overriding royalty burdens totalling 49%. Altus’ net revenue interest associated with its 2% Carried Working Interest will total 1.0200% of revenues derived from the sale of oil and natural gas production, from the initial four w▇▇▇▇ developed on the A▇▇▇▇▇▇▇ Lease.

Net Revenue Interest. Participant shall acquire from SECI a delivered net revenue in all leasehold acquired in the Project Area equal to the delivered net revenue acquired by SECI, less an overriding royalty Interest of 3%. Notwithstanding the foregoing, Participant shall not receive a delivered net revenue of less than 77% unless the delivered net revenue received by SECI is less than 77%, in which case the leasehold will be assigned to Participant at the same delivered net revenue received by SECI.

Net Revenue Interest. Participant(s) shall acquire from Osage a delivered 78% net revenue interest in the leasehold interest leased by Osage listed on Exhibit B. As to any leases acquired after the acquisition of 10,000 net acres, or closing of this Agreement, which ever comes first, Participant(s) shall be delivered a net revenue of 78% unless the delivered net revenue received by Osage is less than 78%, in which case the leasehold will be assigned to Participant at the same delivered net revenue received by Osage.

Net Revenue Interest. All Kirkwood Leasehold shall be subject to the retention of an overriding royalty interest by the Assignor or its designee. Said overriding royalty interest shall equal the difference between the existing burdens (whether or not of record as of the effective date hereof) and nineteen percent (19%).

Net Revenue Interest. In the Assignment, the Leases will burdened by royalties equal to twenty-two and one-half percent (22.5%), such that Bazmo will own a net revenue interest equal to twenty-five percent of seventy-seven and one-half percent (25% of 77.5%) .