Further Adjustment May Be Allowed Clause Samples
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Further Adjustment May Be Allowed. The presentment price may be further adjusted by the Managing General Partner for estimated changes therein from the date of the report to the date of payment of the presentment price to the Participants because of the following:
Further Adjustment May Be Allowed. The presentment price determined under §6.03(b)(i) may be further adjusted by the Managing General Partner for estimated changes therein from the date of the report to the date of payment of the presentment price to the Selling Participant because of the following:
(i) the production or sales of, or additions to, reserves and lease and well equipment, sale or abandonment of Leases, and similar matters occurring before the date of the presentment request; and
(ii) any of the following occurring before payment of the presentment price to the selling Participant:
(a) changes in well performance;
(b) increases or decreases in the market price of natural gas, oil or other minerals;
(c) revisions to regulations relating to the importing of hydrocarbons;
(d) changes in income, ad valorem, and other tax laws, such as material variations in the provisions for depletion; and
(e) similar matters.