Common use of Reversionary Interests Clause in Contracts

Reversionary Interests. Except as set out in Section 1.1A of the Disclosure Schedule, the Oil and Gas Interests of Company and any Subsidiary are not subject to any reversionary, back-in or similar rights, the exercise of which would reduce any of the Company’s or Subsidiaries’ respective Net Revenue Interests in the Oil and Gas Interests to less than the Net Revenue Interests set forth in Section 1.1A of the Disclosure Schedule.

Appears in 2 contracts

Sources: Securities Purchase Agreement, Securities Purchase Agreement (Ram Energy Resources Inc)