Common use of Lesser Interest Clause in Contracts

Lesser Interest. If Lessors’ mineral ownership interest in any of the Premises from which production is made is less than 100%, then the production royalty payable pursuant to Section 3.B shall be payable only as to the share of production that is attributable to Lessors’ actual mineral ownership interest in the portion of the Premises from which such production is made. Such reductions in payments shall not waive or eliminate any other rights or remedies Lessee may have in connection with the extent of Lessors’ actual mineral interest in the Premises. The annual lease payments set forth in Section 3.A shall be prorated to reflect this lesser interest.

Lesser Interest. If Lessors’ Lessor’s' mineral ownership interest in any of the Premises from which production is made is less than 100%, then the production royalty payable pursuant to Section 3.B shall be payable only as to the share of production that is attributable to Lessors’ Lessor’s actual mineral ownership interest in the portion of the Premises from which such production is made. Such reductions in payments shall not waive or eliminate any other rights or remedies Lessee may have in connection with the extent of Lessors’ Lessor's actual mineral interest in the Premises. The annual lease This lesser interest shall not apply to the payments set forth in payable pursuant to Section 3.A shall be prorated to reflect this lesser interest.3.A.

Lesser Interest. If Lessors’ ' mineral ownership interest in any of the Premises from which production is made is less than 100%, then the production royalty payable pursuant to Section 3.B shall be payable only as to the share of production that is attributable to Lessors’ Lessors actual mineral ownership interest in the portion of the Premises from which such production is made. Such reductions in payments shall not waive or eliminate any other rights or remedies Lessee may have in connection with the extent of Lessors’ ' actual mineral interest in the Premises. The annual lease This lesser interest shall not apply to the payments set forth in payable pursuant to Section 3.A shall be prorated to reflect this lesser interest3.A. 5.

Lesser Interest. If Lessors’ ' mineral ownership interest in any of the Premises from which production is made is less than 100%, then the production royalty payable pursuant to Section 3.B shall be payable only as to the share of production that is attributable to Lessors’ Lessors actual mineral ownership interest in the portion of the Premises from which such production is made. Such reductions in payments shall not waive or eliminate any other rights or remedies Lessee may have in connection with the extent of Lessors’ ' actual mineral interest in the Premises. The annual lease This lesser interest shall not apply to the payments set forth in payable pursuant to Section 3.A shall be prorated to reflect this lesser interest.3.A.