Common use of Notice of Interest Additions Clause in Contracts

Notice of Interest Additions. If prior to the Defect Notice Deadline, Purchaser or Seller discovers any additional interests in the Assets that are not listed in Exhibit A, including any interest that entitles Seller to receive more than the Net Revenue Interest with respect to any such Asset set forth in Exhibit A-2, or obligates Seller to bear costs and expenses in an amount less than the Working Interest with respect to any such Asset set forth in Exhibit A-2, and assuming no corresponding reduction in the Net Revenue Interest (each an “Interest Addition”), the discovering Party shall promptly after discovery (but in any event prior to the Defect Notice Deadline), provide written notice to the other Party of such Interest Addition. Such notice shall be in writing and shall include: (i) a description of each such Interest Addition; (ii) the basis for each such Interest Addition, and supporting documentation with respect thereto; (iii) the Assets and the Allocated Value of the Assets affected by each such Interest Addition; and (iv) the value of the Interest Addition or the amount by which the notifying Party reasonably believes the Allocated Value of the affected Assets should be increased by the Interest Addition, and the computations upon which such Party’s belief is based.

Notice of Interest Additions. If prior to the Defect Notice Deadline, Purchaser or Seller discovers any additional interests in the Assets that are not listed in Exhibit A, including any interest that (i) entitles Seller to receive more than the Net Revenue Interest with respect to any such Asset set forth in Exhibit A-1 or Exhibit A-2, or (ii) obligates Seller to bear costs and expenses in an amount less than the Working Interest with respect to any such Asset set forth in Exhibit A-1 or Exhibit A-2, and assuming no corresponding reduction in the Net Revenue Interest Interest, or (iii) entitles Seller to receive more than the number of Net Mineral Acres with respect to any such Asset set forth in Exhibit A-1 (each an “Interest Addition”), the discovering Party shall promptly after discovery (but in any event prior to before the Defect Notice Deadline or the Second Defect Notice Deadline, as applicable), provide written notice to the other Party of such Interest Addition. Such notice shall be in writing and shall include: (iA) a description of each such Interest Addition; (iiB) the basis for each such Interest Addition, and supporting documentation with respect thereto; (iiiC) the Assets and the Allocated Value of the Assets affected by each such Interest Addition; and (ivD) the value of the Interest Addition or the amount by which the notifying Party reasonably believes the Allocated Value of the affected Assets should be increased by the Interest Addition, and the computations upon which such Party’s Party belief is based.

Notice of Interest Additions. If prior to the Defect Notice Deadline, Purchaser obtains Knowledge of, or Seller discovers discovers, any additional interests in the Assets that are not listed in Exhibit A, including any interest that entitles Seller to receive more than the Net Revenue Interest with respect to any such Asset set forth in Exhibit A-2, or obligates Seller to bear costs and expenses in an amount less than the Working Interest with respect to any such Asset set forth in Exhibit A-2, and assuming no corresponding reduction in the Net Revenue Interest (each an “Interest Addition”), the discovering Party shall promptly after obtaining such Knowledge or discovery (but in any event prior to the Defect Notice Deadline), provide written notice to the other Party of such Interest Addition. Such notice shall be in writing and shall include: (i) a description of each such Interest Addition; (ii) the basis for each such Interest Addition, and supporting documentation with respect thereto; (iii) the Assets and the Allocated Value of the Assets affected by each such Interest Addition; and (iv) the value of the Interest Addition or the amount by which the notifying Party reasonably believes the Allocated Value of the affected Assets should be increased by the Interest Addition, and the computations upon which such Party’s belief is based.

Notice of Interest Additions. If If, prior to the Defect Notice Deadline, Sellers or Purchaser or Seller discovers discover any additional ownership interests in the Assets Leases or Xxxxx that are not listed in on Exhibit AA or Exhibit B, including but not limited to any interest that entitles Seller the Company Entities to receive more than the Net Revenue Interest with respect to any such Asset set forth in Exhibit A-2A or Exhibit B, or obligates Seller Sellers or the Company Entities to bear costs and expenses in an amount less than the Working Interest with respect to any such Asset set forth in Exhibit A-2, A or Exhibit B and assuming no corresponding reduction in the Net Revenue Interest (each an “Interest Addition”), the discovering Party Sellers or Purchaser, as applicable, shall promptly after discovery (but in any event prior to the Defect Notice Deadline), ) provide written notice to the other Party Parties of such Interest Addition. Such notice shall be in writing and shall include: (i) a description of each such Interest Addition; (ii) the basis for each such Interest Addition, and supporting documentation with respect thereto; (iii) the Assets and the Allocated Value of the Assets affected by each such Interest AdditionAddition and the Allocated Values thereof; and (iv) the value of the Interest Addition or the amount by which the notifying Party Sellers or Purchaser, as applicable, reasonably believes believe the Allocated Value Values of the affected Assets should be increased by the Interest Addition, and the computations upon which such Party’s belief is based.