NRI or WI Variances Sample Clauses

NRI or WI Variances. Seller’s ownership of the Properties is such that, with respect to a well, unit or lease, it (A) entitles Seller to receive a decimal share of the oil, gas and other hydrocarbons produced from such well, unit, or lease, which is less than the decimal share set forth on Schedule I in connection with such well, unit or lease in the column headed “Net Revenue Interest” or (B) causes Seller to be obligated to bear a decimal share of the cost of operation of such well, unit or lease greater than the decimal share set forth on Schedule I in connection with such well, unit or leas in the column headed “Working Interest” (without at least a proportionate increase in the share of production to which Seller is entitled to receive therefrom).
AutoNDA by SimpleDocs
NRI or WI Variances. Seller’s ownership of the Properties is such that, with respect to a well listed on Exhibit A hereto, it (A) entitles Seller to receive a decimal share of the oil, gas and other hydrocarbons produced from currently producing completions in such well which is less than the decimal share set forth on Exhibit A in connection with such well in the column headed “Net Revenue Interest” or (B) causes Seller to be obligated to bear a decimal share of the cost of operation of such well greater than the decimal share set forth on Exhibit A in connection with such well in the column headed “Working Interest” (without at least a proportionate increase in the share of production to which Seller is entitled to receive from such well).
NRI or WI Variances. Seller’s ownership of the Properties is such that, with respect to a Property listed on Exhibit A-2 hereto, it clearly (A) entitles Seller to receive a decimal share of the oil, gas and other hydrocarbons produced from such Property which is less than the decimal share set forth on Exhibit A-2 in connection with such Property in the column headed “Net Revenue Interest” or (B) causes Seller to be obligated to bear a decimal share of the cost of operation of such Property greater than the decimal share set forth on Exhibit A-2 in connection with such Property in the column headed “Working Interest” (without at least a proportionate increase in the share of production to which Seller is entitled to receive from such Property).
NRI or WI Variances. Seller's ownership of the Properties is such that, with respect to a well, or unit, or PDNP or PUD location listed on Schedule I hereto, it (A) entitles Seller to receive a decimal share of the oil, gas and other hydrocarbons produced from such unit, or from currently producing completions in such well, or from any PDNP or PUD location which is less than the decimal share set forth on Schedule I in connection with such well or unit in the column headed Net Revenue Interest or (B) causes Seller to be obligated to bear a decimal share of the cost of operation of such well (as to such completions), or unit, or PDNP or PUD location greater than the decimal share set forth on Schedule I in connection with such well, or unit, or PDNP or PUD location in the column headed Working Interest (without at least a proportionate increase in the share of production to which Seller is entitled to receive from such well, or unit, or PDNP or PUD location).
NRI or WI Variances. Seller’s ownership of the Oil and Gas Properties is such that, with respect to the Xxxxx and Units locations listed on Exhibit A-2 hereto, it clearly (1) entitles Seller to receive a decimal share of the oil, gas and other hydrocarbons produced from such Property, which is less than the decimal share set forth on Exhibit A-2 in connection with such Property in the column headed “Net Revenue Interest” or (2) causes Seller to be obligated to bear a decimal share of the cost of operation of such Xxxxx and/or Units greater than the decimal share set forth on Exhibit A-2 in connection with such Xxxxx and/or Units in the column headed “Working Interest” (without at least a proportionate increase in the share of production to which Seller is entitled to receive from such Xxxxx and/or Units).
NRI or WI Variances. Seller’s ownership of the Warranted Properties is such that, with respect to a Well or Unit or PUD Location listed on the Allocation Schedule as of the Effective Date, it clearly (A) entitles Seller to receive a decimal share of the Hydrocarbons produced from currently producing formations in such Unit, or from currently producing completions in such Well for such PUD Location which is less than the decimal share set forth on Allocation Schedule in connection with such Well or Unit or PUD Location in the column headed “Net Revenue Interest,” or (B) causes Seller to be obligated to bear a decimal share of the current cost of operation of such Unit (as to such formations being currently produced) or Well (as to such current completions) or PUD Location (as to such depths, if such depths were being drilled on the Effective Date) greater than the decimal share set forth on Allocation Schedule in connection with such Well or Unit or PUD Location in the column headed “Working Interest” (without at least a proportionate increase in the share of production to which Seller is entitled to receive from such well or unit or PUD Location).
NRI or WI Variances. Seller’s ownership of the Properties is such that, with respect to a well, unit, lease or Drilling Location, it (A) entitles Seller to receive a decimal share of the oil, gas and other hydrocarbons produced from such well, unit, lease or Drilling Location, which is less than the decimal share set forth on Schedule I in connection with such well, unit, lease or Drilling Location in the column headed “Net Revenue Interest” or (B) causes Seller to be obligated to bear a decimal share of the cost of operation of such well, unit, lease or Drilling Location greater than the decimal share set forth on Schedule I in connection with such well, unit, lease or Drilling Location in the column headed “Working Interest” (without at least a proportionate increase in the share of production to which Seller is entitled to receive therefrom).
AutoNDA by SimpleDocs
NRI or WI Variances. Seller's ownership of the Properties is such that, with respect to a well or unit listed on Schedule I hereto, it clearly (A) entitles Seller to receive a decimal share of the oil, gas and other hydrocarbons produced from such unit, or from currently producing completions in such well which is less than the decimal share set forth on Schedule I in connection with such well or unit in the column headed "Net Revenue Interest" or (B) causes Seller to be obligated to bear a decimal share of the cost of operation of such well (as to such completions) or unit greater than the decimal share set forth on Schedule I in connection with such well or unit in the column headed "Working Interest" (without at least a proportionate increase in the share of production to which Seller is entitled to receive from such well or unit).
NRI or WI Variances. Seller’s ownership of the Assets is such that, with respect to a Well or any of the Leases listed on Exhibit A hereto, it (A) entitles Seller to receive a decimal share of the oil, gas and other hydrocarbons from all depths (or if depth limitations are noted on Exhibit A, from the depths specified), as shown on Exhibit A, which is less than the decimal share set forth on Exhibit A in connection with any such Xxxxx or lease in the column headed “Net Revenue Interest” or (B) causes Seller to be obligated to bear a decimal share of the cost of operation of any such Xxxxx or Lease greater than the decimal share set forth on Exhibit A in connection with any such Xxxxx or lease in the column headed “Working Interest”.
NRI or WI Variances. The ownership of the Properties by the Programs varies from the information on the xxxxx or units supplied to Purchaser by Xxxxx Oil (the "Xxxxx Well Information") , in that it (A) entitles Purchaser to receive a decimal share of the oil, gas and other hydrocarbons produced from, or allocated to, such well or unit which is less than the decimal share set forth on the Xxxxx Well Information or (B) causes Purchaser to be obligated to bear a decimal share of the costof operation of such well or unit greater than the decimal share set forth on the Xxxxx Well Information (without at least a proportionate increase in the share of production to which Purchaser is entitled to receive from such well or unit).
Time is Money Join Law Insider Premium to draft better contracts faster.