COMMITMENT WELL/S EARNING Sample Clauses

COMMITMENT WELL/S EARNING. Provided Farmee has fulfilled its obligations pursuant to Clause 4 hereof, and is not otherwise in default under this Agreement, Farmee shall have earned the following interests in the Commitment Well/s and Earning Block/s of the Farmout Lands, as the case may be, to the base of the deepest formation penetrated and evaluated as follows: Block A Farmout Lands (Eight Mile) (i) 80% Working Interest in the Commitment Well Spacing Unit, subject to the Overriding Royalty and the right of conversion in Article 6.00 of the Farmout & Royalty Procedure, which conversion shall automatically occur upon abandonment of any Commitment Well; and (ii) 48% Working Interest in the balance of the section containing any Commitment Well; and (iii) 48% Working Interest in an additional pre-selected adjacent/contiguous Section of the Block A Farmout Lands and in the case of the 3-36-80-18 W6 well an additional pre-selected adjacent/contiguous Section of the Block A-1 Option Lands;