Common use of Interests Clause in Contracts

Interests. With respect to each Mortgaged Property, the ownership of Grantor in such Mortgaged Property does and will, (i) with respect to each well described in Exhibit “A” hereto in connection with such Mortgaged Property, (A) entitle Grantor to receive (subject to the terms and provisions of this Mortgage) a decimal share of the Production produced from, or allocated to, such well equal to not less than the decimal share set forth in Exhibit “A” in connection with such well opposite the words “Net Revenue Interest” (or words of similar import), (B) cause Grantor to be obligated to bear a decimal share of the cost of exploration, development and operation of such well not greater than the decimal share set forth in Exhibit “A” in connection with such well opposite the words “Working Interest” (or words of similar import) and (ii) if such Mortgage Property is shown in Exhibit “A” to be subject to a unit or units, with respect to each such unit, (A) entitle Grantor to receive (subject to the terms and provisions of this Mortgage) a decimal share of Production produced from, or allocated to, such unit equal to not less than the decimal share set forth in Exhibit “A” in connection with such Mortgaged Property opposite the words “Unit Net Revenue Interest” or words of similar import (and if such Mortgaged Property is subject to more than one unit, words identifying such interest with such unit), and (B) obligate Grantor to bear a decimal share of the cost of exploration, development and operation of such unit not greater than the decimal share set forth in Exhibit “A” in connection with such Mortgaged Property opposite the words “Unit Working Interest” or words of similar import (and if such Mortgaged Property is subject to more than one unit, words identifying such interest with such unit); such shares of Production which Grantor is entitled to receive, and shares of expenses which Grantor is obligated to bear, are not and will not be subject to change (other than changes which arise pursuant to non-consent provisions of operating agreements described in Exhibit “A” in connection with such Mortgaged Properties, respectively, in connection with operations hereafter proposed) except, and only to the extent that, such changes are reflected in Exhibit “A”. There is not and will not be any unexpired financing statement covering any part of the Property on file in any public office naming any party other than Lender as secured party. The execution, delivery and performance of this Mortgage and the creation of the liens hereunder do not violate any provision or constitute a default under any operating agreement or other instrument which affects any Mortgaged Property or to which Grantor is a party.

Interests. With respect to each Mortgaged Property, the ownership of Grantor Mortgagor in such Mortgaged Property does and will, (i) with respect to each well described in Exhibit “A” A hereto in connection with such Mortgaged Property, (A) entitle Grantor Mortgagor to receive (subject to the terms and provisions of this Mortgage) a decimal share of the Production produced from, or allocated to, such well equal to not less than the decimal share set forth in Exhibit “A” A in connection with such well opposite the words “Net Revenue Interest” (or words of similar import), (B) cause Grantor Mortgagor to be obligated to bear a decimal share of the cost of exploration, development and operation of such well not greater than the decimal share set forth in Exhibit “A” A in connection with such well opposite the words “Working Interest” (or words of similar import) and (ii) if such Mortgage Mortgaged Property is shown in Exhibit “A” A to be subject to a unit or units, with respect to each such unit, (A) entitle Grantor Mortgagor to receive (subject to the terms and provisions of this Mortgage) a decimal share of Production produced from, or allocated to, such unit equal to not less than the decimal share set forth in Exhibit “A” A in connection with such Mortgaged Property opposite the words “Unit Net Revenue Interest” or words of similar import (and if such Mortgaged Property is subject to more than one unit, words identifying such interest with such unit), and (B) obligate Grantor Mortgagor to bear a decimal share of the cost of exploration, development and operation of such unit not greater than the decimal share set forth in Exhibit “A” A in connection with such Mortgaged Property opposite the words “Unit Working Interest” or words of similar import (and if such Mortgaged Property is subject to more than one unit, words identifying such interest with such unit); such shares of Production which Grantor Mortgagor is entitled to receive, and shares of expenses which Grantor Mortgagor is obligated to bear, are not and will not be subject to change (other than changes which arise pursuant to non-consent provisions of operating agreements described in Exhibit “A” A in connection with such Mortgaged PropertiesProperty, respectively, in connection with operations hereafter proposed) except, and only to the extent that, such changes are reflected in Exhibit “A”. There is not and will not be any unexpired financing statement covering any part of the Property on file in any public office naming any party other than Lender as secured party. The execution, delivery and performance of this Mortgage and the creation of the liens hereunder do not violate any provision or constitute a default under any operating agreement or other instrument which affects any Mortgaged Property or to which Grantor is a party.A.

Interests. With respect to each Mortgaged Property, the ownership of Grantor in such Mortgaged Property does and will, (i) with respect to each well described in Exhibit “A” hereto in connection with such Mortgaged Property, (A) entitle Grantor to receive (subject to the terms and provisions of this Mortgage) a decimal share of the Production produced from, or allocated to, such well equal to not less than the decimal share set forth in Exhibit “A” in connection with such well opposite the words “Net ANet Revenue Interest” Interest@ (or words of similar import), (B) cause Grantor to be obligated to bear a decimal share of the cost of exploration, development and operation of such well not greater than the decimal share set forth in Exhibit “A” in connection with such well opposite the words “Working Interest” AWorking Interest@ (or words of similar import) and (ii) if such Mortgage Property is shown in Exhibit “A” to be subject to a unit or units, with respect to each such unit, (A) entitle Grantor to receive (subject to the terms and provisions of this Mortgage) a decimal share of Production produced from, or allocated to, such unit equal to not less than the decimal share set forth in Exhibit “A” in connection with such Mortgaged Property opposite the words “Unit AUnit Net Revenue Interest” Interest@ or words of similar import (and if such Mortgaged Property is subject to more than one unit, words identifying such interest with such unit), and (B) obligate Grantor to bear a decimal share of the cost of exploration, development and operation of such unit not greater than the decimal share set forth in Exhibit “A” in connection with such Mortgaged Property opposite the words “Unit AUnit Working Interest” Interest@ or words of similar import (and if such Mortgaged Property is subject to more than one unit, words identifying such interest with such unit); such shares of Production which Grantor is entitled to receive, and shares of expenses which Grantor is obligated to bear, are not and will not be subject to change (other than changes which arise pursuant to non-consent provisions of operating agreements described in Exhibit “A” in connection with such Mortgaged Properties, respectively, in connection with operations hereafter proposed) except, and only to the extent that, such changes are reflected in Exhibit “A”. There is not and will not be any unexpired financing statement covering any part of the Property on file in any public office naming any party other than Lender as secured party. The execution, delivery and performance of this Mortgage and the creation of the liens hereunder do not violate any provision or constitute a default under any operating agreement or other instrument which affects any Mortgaged Property or to which Grantor is a party.

Interests. With Mortgagor is, or will be at closing, receiving payment, on a monthly basis, for its share of the Projected Oil and Gas Production, revenue interest and/or royalty interest produced from, or allocated to, all xxxxx located on the Mortgaged Property or Leases (or on lands or leases pooled or unitized therewith), and, where a revenue interest is shown for any such well, Lease or Mortgaged Property, Mortgagor is receiving payment for not less than the share of Projected Oil and Gas Production, revenue interest and/or royalty interest as is reflected in either the Credit Agreement or Exhibit A hereto in connection therewith. Subject to Permitted Encumbrances, with respect to each Mortgaged Property, the ownership of Grantor Mortgagor in such Mortgaged Property does and will, : (i) with respect to each well described or referred to in Exhibit “A” A hereto in connection with such Mortgaged Property, (A) entitle Grantor Mortgagor to receive (subject to the terms and provisions of this Mortgage) a decimal share of the Production Projected Oil and Gas Production, revenue interest and/or royalty interest produced from, or allocated to, such well equal to not less than the decimal share set forth in either the Credit Agreement or Exhibit “A” A hereto in connection with such well opposite the words “Net Revenue Interest” (or words of similar import), ) or the acronyms “NRI” or “RI,” and (B) cause Grantor Mortgagor to be obligated to bear a decimal share of the cost costs of exploration, development and operation of such well equal to not greater than the decimal share share, if any, set forth in either the Credit Agreement or Exhibit “A” A hereto in connection with such well opposite the words “Working Interest” (or words of similar import) or the acronym “WI” and (ii) if such Mortgage Mortgaged Property is shown in Exhibit “A” A to be subject to a unit or units, with respect to each such unit, (A) entitle Grantor Mortgagor to receive (subject to the terms and provisions of this Mortgage) a decimal share of Production Projected Oil and Gas Production, revenue interest and/or royalty interest produced from, or allocated to, such unit equal to not less than the decimal share set forth in either the Credit Agreement or Exhibit “A” A hereto in connection with such Mortgaged Property opposite the words “Unit Net Revenue Interest” or words of similar import or the acronyms “NRI” or “RI” respecting each such unit (and if such Mortgaged Property is subject to more than one unit, words identifying such interest with such unit), and (B) obligate Grantor Mortgagor to bear a decimal share of the cost costs of exploration, development and operation of such unit equal to not greater than the decimal share share, if any, set forth in either the Credit Agreement or Exhibit “A” A hereto in connection with such Mortgaged Property opposite the words “Unit Working Interest” or words of similar import or the acronym “WI” respecting each such unit (and if such Mortgaged Property is subject to more than one unit, words identifying such interest with such unit); such shares of Production Projected Oil and Gas Production, revenue interest and/or royalty interest which Grantor Mortgagor is entitled to receivereceive are not and will not be subject to decrease, and such shares of expenses which Grantor Mortgagor is obligated to bear, are not and will not be subject to change increase, unless accompanied by a proportionate increase in the corresponding shares of Projected Oil and Gas Production, revenue interest and/or royalty interest (in each case, other than changes due to the formation of new units or revision of existing units, or changes which arise pursuant to non-consent provisions of operating agreements agreements, pursuant to pooling orders entered by any applicable Governmental Authority, or other instrument described or referred to in Exhibit “A” A in connection with such Mortgaged PropertiesProperty, respectively, in connection with operations hereafter proposed) except, and only to the extent that, such changes are reflected in either the Credit Agreement or Exhibit A hereto and except for increases in Mortgagor’s “AWorking Interest” for which there is a proportionate increase in Mortgagor’s “Net Revenue Interest”. There is not and will not be any unexpired financing statement covering any part of the Mortgaged Property on file in any public office naming any party Person other than Lender Mortgagee as secured party, except to the extent relating to Permitted Encumbrances. The execution, delivery and performance of this Mortgage and the creation of the liens Liens hereunder do not violate any provision or constitute a default under any operating agreement or other instrument which affects any Mortgaged Property or to which Grantor Mortgagor is a partyparty or by which any of Mortgagor’s property (including but not limited to any Mortgaged Property) is bound. There are no “back in” or “reversionary” interests held by any third party which would reduce the interest of Mortgagor in any Mortgaged Property or other Collateral, except to the extent (if any) otherwise expressly as set forth in either the Credit Agreement or Exhibit A hereto. There are no prior consent rights or preferential purchase rights held by any third party affecting any Mortgaged Property or other Collateral, except to the extent (if any) otherwise expressly as set forth in either the Credit Agreement or Exhibit A hereto.

Interests. With respect to each Mortgaged Property, the ownership of Grantor in such Mortgaged Property does and will, (i) with respect to each well described in Exhibit “A” hereto in connection with such Mortgaged Property, (A) entitle Grantor to receive (subject to the terms and provisions of this Mortgage) a decimal share of the Production produced from, or allocated to, such well equal to not less than the decimal share set forth in Exhibit “A” in connection with such well opposite the words “Net Revenue Interest” (or words of similar import), (B) cause Grantor to be obligated to bear a decimal share of the cost of exploration, development and operation of such well not greater than ban the decimal share set forth in Exhibit “A” in connection with such well opposite the words “Working Interest” (or words of similar import) and (ii) if such Mortgage Property is shown in Exhibit “A” to be subject to a unit or units, with respect to each such unit, (A) entitle Grantor to receive (subject to the terms and provisions of this Mortgage) a decimal share of Production produced from, or allocated to, such unit equal to not less than the decimal share ;hare set forth in Exhibit “A” in connection with such Mortgaged Property opposite the words “Unit Net Revenue Interest” or words of similar import (and if such Mortgaged Property is subject to more than one unit, words identifying such interest with such unit), and (B) obligate Grantor to bear a decimal share of the cost of exploration, development and operation of such unit not greater than the decimal share set forth in Exhibit “A” in connection with such Mortgaged Property opposite the words “Unit Working Interest” or words of similar import (and if such Mortgaged Property is subject to more than one unit, words identifying such interest with such unit); such shares of Production which Grantor is entitled to receive, and shares of expenses which Grantor is obligated to bear, are not and will not sot be subject to change (other than changes which arise pursuant to non-consent provisions of operating agreements described in Exhibit “A” in connection with such Mortgaged Properties, respectively, in connection with operations hereafter proposed) except, and only to the extent that, such changes are reflected in Exhibit “A”. There is not and will not be any unexpired financing statement covering any part of the Property on file in any public office naming any party other than Lender as secured party. The execution, delivery and performance of this Mortgage and the creation of the liens hereunder do not violate any provision or constitute a default under any operating agreement or other instrument which affects any Mortgaged Property or to which Grantor is a party.

Interests. With respect to each Mortgaged Property, the ownership of Grantor in such Mortgaged Property does and will, (i) with respect to each well described in Exhibit “A” A hereto in connection with such Mortgaged Property, (A) entitle Grantor to receive (subject to the terms and provisions of this Mortgage) a decimal share of the Production produced from, or allocated to, such well equal to not less than the decimal share set forth in Exhibit “A” A in connection with such well opposite the words “Net Revenue Interest” (or words of similar import), (B) cause Grantor to be obligated to bear a decimal share of the cost of exploration, development and operation of such well not greater than the decimal share set forth in Exhibit “A” A in connection with such well opposite the words “Working Interest” (or words of similar import) and (ii) if such Mortgage Property is shown in Exhibit “A” A to be subject to a unit or units, with respect to each such unit, (A) entitle Grantor to receive (subject to the terms and provisions of this Mortgage) a decimal share of Production produced from, or allocated to, such unit equal to not less than the decimal share set forth in Exhibit “A” A in connection with such Mortgaged Property opposite the words “Unit Net Revenue Interest” or words of similar import (and if such Mortgaged Property is subject to more than one unit, words identifying such interest with such unit), and (B) obligate Grantor to bear a decimal share of the cost of exploration, development and operation of such unit not greater than the decimal share set forth in Exhibit “A” A in connection with such Mortgaged Property opposite the words “Unit Working Interest” or words of similar import (and if such Mortgaged Property is subject to more than one unit, words identifying such interest with such unit); such shares of Production which Grantor is entitled to receive, and shares of expenses which Grantor is obligated to bear, are not and will not be subject to change (other than changes which arise pursuant to non-consent provisions of operating agreements described in Exhibit “A” A in connection with such Mortgaged Properties, respectively, in connection with operations hereafter proposed) except, and only to the extent that, such changes are reflected in Exhibit “A”. A. There is not and will not be any unexpired financing statement covering any part of the Property on file in any public office naming any party other than Lender as secured party. The execution, delivery and performance of this Mortgage and the creation of the liens hereunder do not violate any provision or constitute a default under any operating agreement or other instrument which affects any Mortgaged Property or to which Grantor is a party.

Interests. With respect to each Mortgaged Property, the ownership of Grantor in such Mortgaged Property does and will, (i) with respect to each well described in Exhibit “A” A hereto in connection with such Mortgaged Property, (A) entitle Grantor to receive (subject to the terms and provisions of this MortgageDeed of Trust) a decimal share of the Production produced from, or allocated to, such well equal to not less than the decimal share set forth in Exhibit “A” A in connection with such well opposite the words “Net Revenue Interest” (or words of similar import), (B) cause Grantor to be obligated to bear a decimal share of the cost of exploration, development and operation of such well not greater than the decimal share set forth in Exhibit “A” A in connection with such well opposite the words “Working Interest” (or words of similar import) and (ii) if such Mortgage Mortgaged Property is shown in Exhibit “A” A to be subject to a unit or units, with respect to each such unit, (A) entitle Grantor to receive (subject to the terms and provisions of this MortgageDeed of Trust) a decimal share of Production produced from, or allocated to, such unit equal to not less than the decimal share set forth in Exhibit “A” A in connection with such Mortgaged Property opposite the words “Unit Net Revenue Interest” or words of similar import (and if such Mortgaged Property is subject to more than one unit, words identifying such interest with such unit), and (B) obligate Grantor to bear a decimal share of the cost of exploration, development and operation of such unit not greater than the decimal share set forth in Exhibit “A” in connection with such Mortgaged Property opposite the words “Unit Working Interest” or words of similar import (and if such Mortgaged Property is subject to more than one unit, words identifying such interest with such unit); such shares of Production which Grantor is entitled to receive, and shares of expenses which Grantor is obligated to bear, are not and will not be subject to change (other than changes which arise pursuant to non-consent provisions of operating agreements described in Exhibit “A” in connection with such Mortgaged Properties, respectively, in connection with operations hereafter proposed) except, and only to the extent that, such changes are reflected in Exhibit “A”. There is not and will not be any unexpired financing statement covering any part of the Property on file in any public office naming any party other than Lender as secured party. The execution, delivery and performance of this Mortgage and the creation of the liens hereunder do not violate any provision or constitute a default under any operating agreement or other instrument which affects any Mortgaged Property or to which Grantor is a party.Mortgaged

Interests. With respect to each Mortgaged Property, the ownership of Grantor in such Mortgaged Property does and will, (i) with respect to each well described in Exhibit “A” A hereto in connection with such Mortgaged Property, (A) entitle Grantor to receive (subject to the terms and provisions of this MortgageDeed of Trust) a decimal share of the Production produced from, or allocated to, such well equal to not less than the decimal share set forth in Exhibit “A” A in connection with such well opposite the words “Net Revenue Interest” (or words of similar import), (B) cause Grantor to be obligated to bear a decimal share of the cost of exploration, development and operation of such well not greater than the decimal share set forth in Exhibit “A” A in connection with such well opposite the words “Working Interest” (or words of similar import) and (ii) if such Mortgage Mortgaged Property is shown in Exhibit “A” A to be subject to a unit or units, with respect to each such unit, (A) entitle Grantor to receive (subject to the terms and provisions of this MortgageDeed of Trust) a decimal share of Production produced from, or allocated to, such unit equal to not less than the decimal share set forth in Exhibit “A” A in connection with such Mortgaged Property opposite the words “Unit Net Revenue Interest” or words of similar import (and if such Mortgaged Property is subject to more than one unit, words identifying such interest with such unit), and (B) obligate Grantor to bear a decimal share of the cost of exploration, development and operation of such unit not greater than the decimal share set forth in Exhibit “A” A in connection with such Mortgaged Property opposite the words “Unit Working Interest” or words of similar import (and if such Mortgaged Property is subject to more than one unit, words identifying such interest with such unit); such shares of Production which Grantor is entitled to receive, and shares of expenses which Grantor is obligated to bear, are not and will not be subject to change (other than changes which arise pursuant to non-consent provisions of operating agreements described in Exhibit “A” A in connection with such Mortgaged PropertiesProperty, respectively, in connection with operations hereafter proposed) except, and only to the extent that, such changes are reflected in Exhibit “A”. There is not and will not be any unexpired financing statement covering any part of the Property on file in any public office naming any party other than Lender as secured party. The execution, delivery and performance of this Mortgage and the creation of the liens hereunder do not violate any provision or constitute a default under any operating agreement or other instrument which affects any Mortgaged Property or to which Grantor is a party.A.