Reduction of Interests Sample Clauses

Reduction of Interests. To the Vendor’s Knowledge, except as otherwise disclosed on Schedule “A”, the Vendor’s interest in the Petroleum and Natural Gas Rights is not subject to reduction by reference to payout of or production penalty on any Well through any right or interest granted by, through or under it or of which Vendor has Knowledge;

Reduction of Interests. Except as disclosed in this Agreement, the Vendor’s interest in the Mineral Claims is not subject to reduction through any right or interest granted or election made by, through or under it or of which Vendor has knowledge;

Reduction of Interests. To Sellers’ knowledge, except as otherwise disclosed in Schedule A or in the Data Room, the Corporation’s and the Subsidiaries’ interests in the Assets are not subject to reduction by reference to a payout or production penalty or otherwise through any right or interest granted by through or under the Corporation or any of the Subsidiaries or of which it has knowledge.

Reduction of Interests. To the knowledge of the Vendor, information and belief, the working interests set forth in Schedule 6 in respect of the Leases are not subject to reduction on any account whatsoever as a result of actions or omissions taken or omitted to be taken by the Vendor or any other Person on its behalf, and none of the Encumbrances described in Schedule 16 are convertible or subject to change to an interest of any other size or nature, except as specifically set forth in Schedule 16;

Reduction of Interests. Except as otherwise disclosed on Schedule "A", Vendor’s interest in the Hydrocarbon Interests is not subject to reduction by reference to payout of or production penalty on any Well or otherwise through any right or interest granted by, through or under it or of which Vendor has knowledge;