Reversionary Interests. Except as described on Exhibit “A”, the Properties are not subject to any reversionary, back-in or similar rights, the exercise of which would reduce the Sellers’ Net Revenue Interests in the Properties to less than the Net Revenue Interests set forth in Exhibit “A”.
Reversionary Interests. Except as indicated on Exhibit A or Exhibit B and/or Schedule 1.1(A), as applicable, the Leases or Xxxxx are not subject to any reversion, back-in, after payout interest, non-consent interest, convertible interest or similar rights or adjustment to occur at a designated point of cost recovery, payout, passage of time or other event, the exercise or occurrence of which would reduce Seller’s Net Revenue Interest, or increase Seller’s Working Interest in the Leases or Xxxxx, in each case, from that set forth in Exhibit A or Exhibit B and/or Schedule 1.1(A), as applicable.
Reversionary Interests. Except as set out in Section 1.1A of the Disclosure Schedule, the Oil and Gas Interests of Company and any Subsidiary are not subject to any reversionary, back-in or similar rights, the exercise of which would reduce any of the Company’s or Subsidiaries’ respective Net Revenue Interests in the Oil and Gas Interests to less than the Net Revenue Interests set forth in Section 1.1A of the Disclosure Schedule.
Reversionary Interests. Borrower shall not install materials, personal property, equipment or fixtures subject to any security agreement or other agreement or contract wherein the right is reserved to any person, firm or corporation to remove or repossess any such materials, equipment or fixtures, or whereby title to any of the same is not completely vested in Borrower at the time of installation, without Lender’s prior written consent.
Reversionary Interests. Except as set out in Schedule N, neither the Assets nor any Xxxxx are subject to any reversionary, back-in or similar rights, the exercise or triggering of which would reduce any of the Seller’s respective Net Revenue Interests in the Assets to less than the Net Revenue Interests set forth in Exhibit 1, or increase Seller’s Working Interest above what is set forth in in Exhibit 1. To the extent that Schedule N reflects that there are some Assets or Xxxxx that are subject to such reversionary, back-in or similar rights, then Schedule N shall also accurately set forth the payout status (and such other status relevant to any reversionary or back-in interest) thereof as of the date specified therefor in Schedule N.
Reversionary Interests. None of the Properties are subject to any reversionary rights in any other person which would reduce the interests specified on Exhibits A and A-1 following the date hereof, except as expressly specified on Exhibits A and A-1, and except as may be asserted under that certain farmout agreement dated January 10, 1996.
Reversionary Interests. Seller represents that none of Properties are subject to any reversionary rights in any third party which would reduce the interests specified on Exhibit A following the date hereof, unless and except as expressly specified on Exhibit A.
Reversionary Interests. With respect to the Working Interest or Net Revenue Interest that is being conveyed to Buyer pursuant to this Agreement as set forth on Exhibit A and Exhibit B, except as otherwise stated on Exhibit A or Exhibit B, (i) Seller has not granted any reversionary, back-in, production payment, or any other similar right, title, or interest in, to, or under any of the Oil and Gas Properties that will survive the Closing, and (ii) to Seller’s Knowledge, there are no such reversionary, back-in, production payment, or any other similar rights or interests applicable to any of the Oil and Gas Properties.
Reversionary Interests. Existing and new improvements or other construction, whether constructed by Lessee, County, or other party are subject to any reversionary interest conditions described in Section 10.2.
Reversionary Interests
