Common use of Reversionary Interests Clause in Contracts

Reversionary Interests. Except as indicated on Exhibit A or Exhibit B and/or Schedule 1.1(A), as applicable, the Leases or ▇▇▇▇▇ are not subject to any reversion, back-in, after payout interest, non-consent interest, convertible interest or similar rights or adjustment to occur at a designated point of cost recovery, payout, passage of time or other event, the exercise or occurrence of which would reduce Seller’s Net Revenue Interest, or increase Seller’s Working Interest in the Leases or ▇▇▇▇▇, in each case, from that set forth in Exhibit A or Exhibit B and/or Schedule 1.1(A), as applicable.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Contango Oil & Gas Co), Purchase and Sale Agreement (Mid-Con Energy Partners, LP)