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Proportionate Reduction Sample Clauses

Proportionate Reduction. Any increase or decrease by Alcoa or Alumina in their respective ownership share in the Enterprise, unless otherwise agreed, must be proportionate among all the Enterprise Companies except in the circumstance where governmental action results in an involuntary divestiture in which event the parties will consult about appropriate responses to such action.
Proportionate ReductionIn the event that the Province provides less than $19.610 million in program funding to FII in 2019/20, FII may reduce the amount specified in Section 2.1 (FII Project Funding) in proportion to the amount by which the funding to FII from the Province is less than $19.610 million.
Proportionate Reduction. In the event of failure or deficiency in title of the State of Alaska to any of the Lands which affects any of the Subject Interests, or any modification of the Subject Interests as provided in Article Six, the portion of the Royalty Production from such affected or modified Subject Interests out of which the Royalty Interest attributable to such Subject Interests shall be payable shall be reduced in the same proportion that such Subject Interests are reduced, but such failure or deficiency in title shall not affect the definition of Royalty Production as set forth in Article One or the method of paying the Royalty Interest as set forth in Article Three or the method of computing the payments to be made under the Royalty Interest as act forth in Article Four.
Proportionate Reduction. A. Proportionate Reduction Clause: Ifan oil and gas lease or other Mineral Interest covers less than the entire mineral fee estate, or if a party's interest in the applicable lease or Mineral Interest is less than a 100% ownership interest, any interest conveyed or reserved pursuant to this Agreement is intended to be proportionately reduced to accord to (i) the proportion of mineral interest covered by the relevant oil and gas lease or other Mineral Interest, and (ii) the proportion of ownership held by the conveying party, in the case of a conveyance, or the burdened party, in the case of a reservation of interest.
Proportionate ReductionIn the event Lessor at the time of making this Lease owns an interest in the leased Premises that is less than one hundred per cent of the total rights in the geothermal estate, then the rentals, royalties and other consideration accruing hereunder shall be paid to Lessor only in the same proportions which Lessor’s interest bears to a one hundred per cent interest in the leased Premises. Notwithstanding the foregoing, should Lessor hereafter acquire any additional right, title or interest in or to the leased Premises, it shall be subject to the provisions hereof to the same extent as if owned by the Lessor at the date hereof, and any increase in payments of money hereunder necessitated thereby shall commence with the payment next following receipt by Lessee of satisfactory evidence of Lessor’s acquisition of such additional interest.
Proportionate Reduction. In the event of failure or deficiency in title to any of the Subject Interests, the portion of the production from such Subject Interests out of which a Net Profits Interest or the Overriding Royalty Interests attributable to such Subject Interests shall be payable shall be reduced in the same proportion that such Subject Interests are reduced.
Proportionate ReductionIn the event that Farmor owns less than one hundred percent (100%) of the right, title and interest in the Farmout Acreage, Farmor's interests retained herein shall be proportionately reduced.
Proportionate ReductionIn the case that Grantor owns less than the entire, undivided surface estate, then the consideration and additional consideration shall be paid to Grantor only in the proportion that such interest bears to the whole and undivided estate. Grantor shall reimburse any amounts paid to Grantor for the portion of the undivided surface estate not owned by Grantor.
Proportionate Reduction. The general provisions of Danish law on proportionate reduction apply. In calculating the relevant depreciation equivalent to the reduction, regard must be had to the useful value that is not available to the Customer as a result of the Fault. For matters giving rise to the payment of a penalty, a proportionate reduction may only be claimed where the Customer documents a depreciation in excess of the penalty paid.
Proportionate Reduction. The general rules of Danish law in respect of proportionate reduction shall apply.