NRI Variance/Proportionate Price Reductions. If the Asserted Defect is (I) a Defect described in clause (A) of Section 7.1(a)(i) or (II) a Defect which otherwise affects a portion of Seller's interest in a well or unit listed on Schedule I: an amount determined by multiplying the "Allocated Amount" set forth for such well or unit on Schedule I by a fraction (A) the numerator of which is an amount equal to the difference between the "Net Revenue Interest" shown on Schedule I for such well or unit less the decimal share to which Seller would be entitled to as a result of its ownership interest in such well or unit which is unaffected by such Defect and (B) the denominator of which is the "Net Revenue Interest" shown for such well or unit on Schedule I.
NRI Variance/Proportionate Price Reductions. If the Asserted Defect is (I) a Defect described in clause (A) of Section 7(b)(i) or (II) a Defect which otherwise affects a portion of Seller's net revenue interest in a well, or unit, or PDNP or PUD location listed on Schedule I: a downward adjustment equal to the amount determined by multiplying the Allocated Property Value for such Property by a fraction (A) the numerator of which is an amount equal to the "Net Revenue Interest" shown on Schedule I for such Property less the decimal share to which Seller is entitled to as a result of its ownership interest in such Property which is unaffected by such Defect and (B) the denominator of which is the "Net Revenue Interest" shown for such Property on Schedule I; provided, however, if the Working Interest set forth on Schedule I for such Property is not reduced in the same proportion that the Net Revenue set forth on Schedule I for such Property is reduced because of such Defect then such Defect shall be resolved pursuant to the procedures set forth in Section 8(a).
NRI Variance/Proportionate Price Reductions. If the Asserted Defect is a Defect described in clause (i) of Section 7.2(a): a downward adjustment equal to the amount determined by multiplying the “Allocated Amount” set forth for such well or unit on Schedule I by a fraction (A) the numerator of which is an amount equal to the “Net Revenue Interest” shown on Schedule I for such well or unit less the decimal share to which Seller would be entitled to as a result of its ownership interest in such well or unit which is unaffected by such Defect and (B) the denominator of which is the “Net Revenue Interest” shown for such well or unit on Schedule I. Notwithstanding subsection (b) below, a Defect to which such subsection is applicable may, at Seller’s election, be treated as a Defect under this subsection.
NRI Variance/Proportionate Price Reductions. If the Asserted Defect is (I) a Defect described in clause (A) of Section 7(b)(i) or (II) a Defect which otherwise reduces a portion of Seller’s interest in a Property listed on Exhibit A-2: a downward adjustment equal to the amount determined by multiplying the Allocated Amount set forth for such Property on Schedule IV by a fraction (A) the numerator of which is an amount equal to the “Net Revenue Interest” shown on Exhibit A-2 for such Property less the decimal share to which Seller would be entitled to as a result of its ownership interest in such Property which is unaffected by such Defect and (B) the denominator of which is the “Net Revenue Interest” shown for such Property on Exhibit A-2.
NRI Variance/Proportionate Price Reductions. If the Asserted Title Defect is a Title Defect described in Section 3.2 above, a downward adjustment equal to the amount determined by multiplying the amount set forth for such Well or Unit or PUD Location on the Allocation Schedule by a fraction (A) the numerator of which is an amount equal to the “Net Revenue Interest” shown on the Allocation Schedule for such Well or Unit or PUD Location less the decimal share of production to which Seller would be entitled to as a result of its ownership interest in such Well or Unit or PUD Location which is unaffected by such Title Defect, and (B) the denominator of which is the “Net Revenue Interest” shown for such Well or Unit or PUD Location on the Allocation Schedule.
NRI Variance/Proportionate Price Reductions. If the Asserted Defect is (I) a Defect described in clause (A) of Section 6(b)(i) or (II) a Defect which otherwise reduces a portion of Seller’s interest in a Well and/or Unit listed on Exhibit A-2: a downward adjustment equal to the amount determined by multiplying the Allocated Amount set forth for such Oil and Gas Property on Schedule II by a fraction (A) the numerator of which is an amount equal to the
NRI Variance/Proportionate Price Reductions. If the Title Defect is a defect described in Section 6(f)(i) affecting the Net Revenue Interest or which otherwise affects a portion of Seller’s interest in a Lease listed on Exhibit “A”, the price adjustment for such defect shall be calculated as follows: a downward adjustment equal to the amount determined by multiplying the Allocated Value set forth for such Lease on Exhibit “A” by a fraction (i) the numerator of which is an amount equal to the “Net Revenue Interest” shown on Exhibit “B” for such Lease less the decimal share to which Seller would be entitled to as a result of its ownership interest in such Lease which is unaffected by such Defect value allocated to such Lease shown on Exhibit “B” for such Lease and (ii) the denominator of which is the “Net Revenue Interest” shown for such property on Exhibit “B” hereto.
NRI Variance/Proportionate Price Reductions. If the Asserted Defect is (i) a Defect described in clause (A) of Section 4.1(b)(i) or (ii) a Defect which otherwise affects a portion of Seller's interest in a well or unit listed on Exhibit 4.1: a downward adjustment equal to the amount determined by multiplying the amount set forth for such well or unit on Exhibit 4.1 by a fraction (A) the numerator of which is an amount equal to the "Net Revenue Interest" shown on Exhibit 4.1 for such well or unit less the decimal share to which Seller would be entitled to as a result of its ownership interest in such well or unit which is unaffected by such Defect and (B) the denominator of which is the "Net Revenue Interest" shown for such well or unit on Exhibit 4.1. Notwithstanding subsection (ii) below, a Defect to which such subsection is applicable may, at Seller's election, be treated as a Defect under this subsection.
