Corrective Assignment. Subject to the procedures set forth in Section 2.3(e)(ii), within three (3) Business Days of the final resolution of a Title Defect which decreases the Net Revenue Interest in Units, ▇▇▇▇▇ or Leases acquired by Buyer at Closing that are subject to the Seller Reserved Overriding Royalty Interest, the Parties shall execute and file of record in the applicable county the documentation which amends and corrects the Assignment with respect to the affected Seller Reserved Overriding Royalty Interest.
Appears in 2 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Magnum Hunter Resources Corp)