Subsequent Record Title Reversion Reversal Sample Clauses

Subsequent Record Title Reversion Reversal. With respect to any Acquisition Tranche, if, at any time after the First BI Reversion Date or any Additional BI Reversion Date, as applicable, for such Acquisition Tranche, as a result of (x) subsequent Acquisition Costs with respect to Acquisition Assets or SOZ Assets included as Tranche JV Interests in such Acquisition Tranche and/or (y) subsequent capital expenditures paid or incurred by any member of the Oaktree Group in respect of the Tranche JV Interests included in such Acquisition Tranche, Oaktree’s IRR for such Acquisition Tranche (as finally determined pursuant to Section 4.4) is less than 10.0% for two (2) consecutive Calendar Quarters (calculated as of the last day of each such Calendar Quarter), then the Working Interests of the applicable members of the Oaktree Group in such Tranche JV Interests will automatically be deemed to be increased to the Oaktree Initial Interest and the Working Interests of the applicable members of the DGOC Group in such Tranche JV Interests will automatically be deemed to be decreased to the DGOC Initial Interest (such change in Working Interests, a “Subsequent RT Reversion Reversal”), which such Subsequent RT Reversion Reversal shall be effective as of the last day of the applicable second Calendar Quarter for which the IRR for such Acquisition Tranche was calculated pursuant to this Section 4.3(b) (as applicable, the “Subsequent RT Reversion Reversal Date”).