Common use of LESSER OR AFTER ACQUIRED INTEREST Clause in Contracts

LESSER OR AFTER ACQUIRED INTEREST. (a) If it should hereafter appear that Lessor, at the time of making this Agreement, owned a lesser interest in the Property than the fee simple estate therein, or less than the entire interest in the Resources contained in and under the Property, then the Rents, royalties, and other payments accruing to Lessor hereunder shall be paid to Lessor in the proportion which Lessor's interest bears to the entire fee simple estate in the Property, or to the entire interest in the Resources.

LESSER OR AFTER ACQUIRED INTEREST. (a) If it should hereafter appear that LessorLessors, at the time of making this Agreement, owned a lesser interest in the Property than the fee simple estate therein, or less than the entire interest in the Resources contained in and under the Property, then the Rentsrentals, royalties, and other payments accruing to Lessor such Lessors hereunder shall be paid to Lessor such Lessors in the proportion which Lessor's that such Lessors' interest bears to the entire fee simple estate in the Property, or to the entire interest in the Resources.

LESSER OR AFTER ACQUIRED INTEREST. (a) If it should hereafter appear that LessorLessors, at the time of making this Agreement, owned a lesser interest in the Property than the fee simple estate therein, or less than the entire interest in the Resources contained in and under the Property, then the Rentsrentals, royalties, and other payments accruing to Lessor Lessors hereunder shall be paid to Lessor Lessors in the proportion which LessorLessors's interest bears to the entire fee simple estate in the Property, or to the entire interest in the Resources.