Common use of Stipulation Clause in Contracts

Stipulation. Following the determination of the Adjusted Development Well Amount for a Development Well, Assignor shall execute and deliver a recordable stipulation in the form of Exhibit C attached hereto, to be acknowledged and countersigned by Assignee, identifying (i) the Development Xxxxx drilled to date (including an API number for each such Development Well) and (ii) Assignor’s Net Revenue Interest warranted by Assignor and used to calculate the NRI Factor for each of the Development Xxxxx drilled to date. Each stipulation shall establish the Assignor’s Net Revenue Interest used to calculate the NRI Factor for such Development Well pursuant to the Development Agreement for the purpose of the warranty of title provided in Section 1.05(a) of this Conveyance; provided that, such stipulation shall not waive or otherwise limit Assignee’s rights with respect to any claim for breach of warranty regarding each Development Well or Assignor’s Net Revenue Interest therein.

Stipulation. Following the determination of the Adjusted Development Well Amount for a Development Well, Assignor shall execute and deliver a recordable stipulation in the form of Exhibit C attached hereto, to be acknowledged and countersigned by Assignee, identifying (i) the Development Xxxxx drilled to date (including an API number for each such Development Well) and (ii) Assignor’s Net Revenue Interest warranted by Assignor and used to calculate the NRI Factor for each of the Development Xxxxx drilled to date. Each stipulation shall establish the Assignor’s Net Revenue Interest used to calculate the NRI Factor for such Development Well pursuant to the Development Agreement for the purpose of the warranty of title provided in Section 1.05(a1.04(a) of this Conveyance; provided that, such stipulation shall not waive or otherwise limit Assignee’s rights with respect to any claim for breach of warranty regarding each Development Well or Assignor’s Net Revenue Interest therein.