Adjustments to Seller Reserved Overriding Royalty Interest. (i) Based upon the Seller Reserved ORRI Determination Criteria, for so long as the Seller Reserved Overriding Royalty Interest is in force and effect, the Seller Reserved Overriding Royalty Interest set forth in Schedule 3.4(b) shall be adjusted (subject to the procedures set forth in Section 2.3(e)(ii)), whether prior to or after Closing but in each case effective as of the Effective Time, to the extent any Title Defects cause a reduction of Seller’s Net Revenue Interest (as represented by Seller in Schedule 3.4(b)) in the Units, Xxxxx or Leases, as applicable, subject to the Seller Reserved Overriding Royalty Interest, it being the express intent of the Parties for the Seller Reserved Overriding Royalty Interest to be an amount equal to and based upon the Seller Reserved ORRI Determination Criteria for so long as the Seller Reserved Overriding Royalty Interest is in force and effect.
