Common use of Revenue and Cost Bearing Interest Clause in Contracts

Revenue and Cost Bearing Interest. The Mortgagor’s ownership of the Hydrocarbon Interests and the undivided interests therein as specified on Exhibit A will, after giving full effect to all Permitted Encumbrances, afford the Mortgagor not less than those net interests (expressed as a fraction, percentage or decimal) in the production from or which is allocated to such Hydrocarbon Interest specified as Net Revenue Interest on attached Exhibit A and will cause the Mortgagor to bear not more than that portion (expressed as a fraction, percentage or decimal), specified as Working Interest on Exhibit A, of the costs of drilling, developing and operating the xxxxx identified on Exhibit A except to the extent of any proportionate corresponding increase in the Net Revenue Interest.

Appears in 5 contracts

Samples: Mortgage, Deed of Trust, Assignment of as Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement (Sundance Energy Australia LTD), Mortgage, Deed of Trust, Assignment of as Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement (Sundance Energy Australia LTD), Mortgage, Deed of Trust, Assignment of as Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement (Sundance Energy Australia LTD)

AutoNDA by SimpleDocs

Revenue and Cost Bearing Interest. The Mortgagor’s 's ownership of the Hydrocarbon Interests Property and the undivided interests therein as specified for the xxxxx on attached Exhibit A will, after giving full effect to all Permitted Encumbrances, afford the Mortgagor not less than those net interests (expressed as a fraction, percentage or decimal) in the production from or which is allocated to such Hydrocarbon Interest xxxxx specified as Net Revenue Interest or NRI on attached Exhibit A and will cause the Mortgagor to bear not more than that portion (expressed as a fraction, percentage or decimal), specified as Working Interest or WI on attached Exhibit A, of the costs of drilling, developing and operating the xxxxx identified on Exhibit A except to the extent of any proportionate corresponding increase in the Net Revenue Interest.

Appears in 2 contracts

Samples: Mortgage, Assignment of Production, Security Agreement and Financing Statement (Eex Corp), Mortgage, Deed of Trust, Assignment of Production, Security Agreement and Financing Statement (Eex Corp)

Revenue and Cost Bearing Interest. [The MortgagorTrustor’s ownership of the Hydrocarbon Interests and the undivided interests therein as specified on Exhibit A will, after giving full effect to all Permitted Encumbrances, afford the Mortgagor Trustor not materially less than those net interests (expressed as a fraction, percentage or decimal) in the production from or which is allocated to such Hydrocarbon Interest specified as Net Revenue Interest on attached Exhibit A and will cause the Mortgagor Trustor to bear not materially more than that portion (expressed as a fraction, percentage or decimal), specified as Working Interest on Exhibit A, of the costs of drillingmaintaining, developing and operating the xxxxx identified on Exhibit A except to the extent of any proportionate corresponding increase in the Net Revenue Interest.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (California Resources Corp)

Revenue and Cost Bearing Interest. The Mortgagor’s ownership of the Hydrocarbon Interests and the undivided interests therein as specified on Exhibit A will, after giving full effect to all Permitted Encumbrances, afford the Mortgagor not less than those net interests (expressed as a fraction, percentage or decimal) in the production from or which that is allocated to such Hydrocarbon Interest specified as Net Revenue Interest net revenue interest (as specified on Exhibit A) on attached Exhibit A and will cause the Mortgagor to bear not more than that portion (expressed as a fraction, percentage or decimal), specified as Working Interest working interest on attached Exhibit A, of the costs of drilling, developing and operating the xxxxx wells identified on attached Exhibit A except to the extent of any proportionate corresponding increase in the Net Revenue Interestnet revenue interest.

Appears in 1 contract

Samples: Credit Agreement (Talos Energy Inc.)

Revenue and Cost Bearing Interest. The Mortgagor’s ownership of the Hydrocarbon Interests and the undivided interests therein as specified on Exhibit A will, after giving full effect to all Permitted Encumbrances, afford the Mortgagor not less than those net interests (expressed as a fraction, percentage or decimal) in the production from or which is allocated to such Hydrocarbon Interest specified as Net Revenue Interest (as specified on Exhibit A) on attached Exhibit A and will cause the Mortgagor to bear not more than that portion (expressed as a fraction, percentage or decimal), specified as Working Interest on Exhibit A, of the costs of drilling, developing and operating the xxxxx identified on Exhibit A except to the extent of any proportionate corresponding increase in the Net Revenue Interest.

Appears in 1 contract

Samples: Credit Agreement (KKR Financial Holdings LLC)

Revenue and Cost Bearing Interest. The Mortgagor’s ownership of the Hydrocarbon Interests and the undivided interests therein as specified on Exhibit A will, after giving full effect to all Permitted Encumbrances, afford the Mortgagor not less than those net interests (expressed as a fraction, percentage or decimal) in the production from or which that is allocated to such Hydrocarbon Interest specified as Net Revenue Interest net revenue interest (as specified on Exhibit A) on attached Exhibit A and will cause the Mortgagor to bear not more than that portion (expressed as a fraction, percentage or decimal), specified as Working Interest working interest on attached Exhibit A, of the costs of drilling, developing and operating the xxxxx identified on attached Exhibit A except to the extent of any proportionate corresponding increase in the Net Revenue Interestnet revenue interest.

Appears in 1 contract

Samples: Credit Agreement (Talos Energy Inc.)

Revenue and Cost Bearing Interest. The Mortgagor’s ownership of the Hydrocarbon Interests and the undivided interests therein as specified on Exhibit A will, after giving full effect to all Permitted Encumbrances, afford the Mortgagor not less than those net interests (expressed as a fraction, percentage or decimal) in the production from or which is allocated to such Hydrocarbon Interest specified as Net Revenue Interest on attached Exhibit A and will cause the Mortgagor to bear not more than that portion (expressed as a fraction, percentage or decimal), specified as Working Interest on Exhibit A, of the costs of drilling, developing and operating the xxxxx wxxxx identified on Exhibit A except to the extent of any proportionate corresponding increase in the Net Revenue Interest.

Appears in 1 contract

Samples: Mortgage, Deed of Trust, Assignment of as Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement (Sundance Energy Australia LTD)

AutoNDA by SimpleDocs

Revenue and Cost Bearing Interest. The Mortgagor’s ownership of the Hydrocarbon Interests and the undivided interests therein as specified on Exhibit A will, after giving full effect to all Permitted Encumbrances, afford the Mortgagor not less than those net interests (expressed as a fraction, percentage or decimal) in the production from or which that is allocated to such Hydrocarbon Interest specified as Net Revenue Interest net revenue interest (as specified on Exhibit A) on attached Exhibit A and will cause the Mortgagor to bear not more than that portion (expressed as a fraction, percentage or decimal), specified as Working Interest working interest on attached Exhibit A, of the costs of drilling, developing and operating the xxxxx identified on attached Exhibit A except to the extent of any proportionate corresponding increase in the Net Revenue Interestnet revenue interest.

Appears in 1 contract

Samples: Credit Agreement (Talos Energy Inc.)

Revenue and Cost Bearing Interest. The Mortgagor’s 's ownership of the Hydrocarbon Interests Property and the undivided interests therein as specified on Exhibit A will, after giving full effect to all Permitted Encumbrances, afford the Mortgagor not less than those net interests (expressed as a fraction, percentage or decimal) in the production from or which is allocated to such Hydrocarbon Interest Property specified as Net Revenue Interest net revenue interest (NRI) on attached Exhibit A A, less the Term ORRI, and will cause the Mortgagor to bear not more than that portion (expressed as a fraction, percentage or decimal), specified as Working Interest working interest (WI) on Exhibit A, of the costs of drilling, developing and operating the xxxxx identified wellx xxxntified on Exhibit A except to the extent of any proportionate corresponding increase in the Net Revenue Interest.A.

Appears in 1 contract

Samples: Credit Agreement (Brigham Exploration Co)

Revenue and Cost Bearing Interest. The Mortgagor’s ownership of the Hydrocarbon Interests and the undivided interests therein as specified on Exhibit A will, after giving full effect to all Permitted Encumbrances, afford the Mortgagor not less than those net interests (expressed as a fraction, percentage or decimal) in the production from or which that is allocated to such Hydrocarbon Interest specified as Net Revenue Interest net revenue interest (as specified on Exhibit A) on attached Exhibit A and will cause the Mortgagor to bear not more than that portion (expressed as a fraction, percentage or decimal), specified as Working Interest working interest on attached Exhibit A, of the costs of drilling, developing and operating the xxxxx wells identified on attached Exhibit A except to the extent of any proportionate corresponding increase in the Net Revenue Interestnet revenue interest.

Appears in 1 contract

Samples: Credit Agreement (Talos Energy Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!