Earning Events. The Reassignment shall not be due, and RIDGEWOOD shall be deemed to have earned its record title interest in and to Leases, when the Promote Cap has been reached or upon the ITW being drilled to Casing Point, whichever is the earliest to occur.
Appears in 5 contracts
Samples: Participation Agreement (Ridgewood Energy U Fund LLC), Participation Agreement (Ridgewood Energy O Fund LLC), Participation Agreement (Ridgewood Energy S Fund LLC)
