Common use of Reduction in Interest Clause in Contracts

Reduction in Interest. except for the Permitted Encumbrances or as disclosed in the Land Schedule, the Petroleum and Natural Gas Rights are not subject to reduction by virtue of the conversion or other alteration of the interest of, any third party claiming by, through or under ConocoPhillips;

Appears in 1 contract

Sources: Share Purchase and Sale Agreement (Pengrowth Energy Trust)

Reduction in Interest. except Except for the Permitted Encumbrances or as disclosed in the Land Schedule, the Petroleum and Natural Gas Rights are not subject to reduction by virtue of the conversion or other alteration of the interest of, any third party claiming by, through or under ConocoPhillips;any Vendor Party.

Appears in 1 contract

Sources: Share Purchase Agreement (Efl Overseas, Inc.)