Revenue and Cost Bearing Interest. [The Trustor’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 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 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 maintaining, developing and operating the xxxxx identified on Exhibit A except to the extent of any proportionate corresponding increase in the Net Revenue Interest.
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Samples: Credit Agreement, Credit Agreement (California Resources Corp)
Revenue and Cost Bearing Interest. [The Trustor’s ownership of the Hydrocarbon Interests and the undivided interests therein as specified on Exhibit A B will, after giving full effect to all Permitted Encumbrances, afford the 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 net revenue interest on attached Exhibit A B and will cause the Trustor to bear not materially more than that portion (expressed as a fraction, percentage or decimal), specified as Working Interest working interest on Exhibit AB, of the costs of maintaining, developing and operating the xxxxx identified on Exhibit A A, except to the extent of any proportionate corresponding increase in the Net Revenue Interestnet revenue interest.
Appears in 2 contracts
Samples: Credit Agreement (California Resources Corp), Passu Intercreditor Agreement (California Resources Corp)
Revenue and Cost Bearing Interest. [The Trustor’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 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 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 maintaining, 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
Revenue and Cost Bearing Interest. [The Trustor’s ownership of the Hydrocarbon Interests and the undivided interests therein as specified on Exhibit A B will, after giving full effect to all Permitted Encumbrances, afford the 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 B and will cause the Trustor to bear not materially more than that portion (expressed as a fraction, percentage or decimal), specified as Working Interest on Exhibit AB, of the costs of maintaining, developing and operating the xxxxx identified on Exhibit A A, except to the extent of any proportionate corresponding increase in the Net Revenue Interestnet revenue interest.
Appears in 1 contract
Samples: Collateral Agency Agreement (California Resources Corp)