Common use of Allocated Value Clause in Contracts

Allocated Value. “Allocated Value” means the monetary amount, for each Lease or Well, as determined by Buyer and set forth on Schedule 2.7. “Allocated Values” means more than one Allocated Value. Schedule 2.7 also sets forth the Working Interest and Net Revenue Interest of the Leases and ▇▇▇▇▇ upon which Buyer based its calculation of the Allocated Value. The Allocated Value of a Lease, if not separately set forth on Schedule 2.7, shall be determined by multiplying the Allocated Value of the Well (or the total of the Allocated Values, if more than one) or ▇▇▇▇▇ to which the Lease pertains by the proportion that the number of net mineral acres covered by the Lease bears to the number of net mineral acres in the unit applicable to the Well or ▇▇▇▇▇. In no event shall the Allocated Values being deducted pursuant to Exhibit A exceed the total Allocated Value of the Well(s) attributable to a Lease.