Different Interests Sample Clauses
Different Interests. If a Title Defect or Title Benefit represents a discrepancy between (i) the Net Revenue Interest or Working Interest for any Purchased Well and (ii) the Net Revenue Interest or Working Interest set forth in Exhibit A-2 for such Purchased Well, then the Defect Value or the Benefit Value thereof shall be the product of the Allocated Value of such Purchased Well, multiplied by a fraction, the numerator of which is the Net Revenue Interest or Working Interest decrease or increase, as applicable, and the denominator of which is the Net Revenue Interest or Working Interest set forth in Exhibit A-2 for such Purchased Well; provided, however, that if the Title Defect or Title Benefit does not affect the Purchased Well throughout its entire productive life, the Defect Value or the Benefit Value determined pursuant to this Section 5.3(a) shall be reduced to take into account such applicable time period only.
Different Interests. If a Title Defect or Title Benefit represents a discrepancy between (i) the Net Revenue Interest for any Well and (ii) the Net Revenue Interest or percentage set forth in Exhibit A-2 for such Well, then the Defect Value or the Benefit Value thereof shall be the product of the Allocated Value of such Well, multiplied by a fraction, the numerator of which is the Net Revenue Interest or percentage ownership decrease or increase, as applicable, and the denominator of which is the Net Revenue Interest or percentage ownership set forth in Exhibit A-2 for such Well; provided, however, that if the Title Defect or Title Benefit does not affect the Well throughout its entire productive life, the Defect Value or the Benefit Value determined pursuant to this Section 5.3(a) shall be reduced to take into account such applicable time period only.
Different Interests. (i) As to each Subject Formation as to any Purchased Well, if a Title Defect or Title Benefit represents a discrepancy between (i) the Net Revenue Interest or Working Interest for any Purchased Well and (ii) the Net Revenue Interest or Working Interest set forth in Exhibit A-2 for such Purchased Well, then the Defect Value or the Benefit Value thereof shall be the product of the Allocated Value of such Purchased Well, multiplied by a fraction, the numerator of which is the Net Revenue Interest or Working Interest decrease or increase, as applicable, and the denominator of which is the Net Revenue Interest or Working Interest set forth in Exhibit A-2 for such Purchased Well; provided, however, that if the Title Defect or Title Benefit does not affect the Purchased Well throughout its entire productive life, the Defect Value or the Benefit Value determined pursuant to this Section 5.3(a)(i) shall be reduced to take into account such applicable time period only;
(ii) As to each Subject Formation as to any Purchased Lease, if a Title Defect or Title Benefit represents a discrepancy between (i) the Net Revenue Interest for any Purchased Lease and (ii) the Net Revenue Interest set forth in Exhibit A-1 for such Purchased Lease, then the Defect Value or the Benefit Value thereof shall be the product of the Allocated Value of such Purchased Lease, multiplied by a fraction, the numerator of which is the Net Revenue Interest decrease or increase, as applicable, and the denominator of which is the Net Revenue Interest set forth in Exhibit A-1 for such Purchased Lease; provided, however, that if the Title Defect or Title Benefit does not affect the Purchased Lease throughout its entire productive life, the Defect Value or the Benefit Value determined pursuant to this Section 5.3(a)(ii) shall be reduced to take into account such applicable time period only; and
(iii) As to each Subject Formation as to any Purchased Lease, if a Title Defect of Title Benefit represents a discrepancy in the Net Mineral Acres as to such Subject Formation as to such Purchased Lease (or portion thereof), then the Defect Value or the Benefit Value thereof shall be the product of the Allocated Value for the affected Purchased Lease, multiplied by a fraction, the numerator of which is the Net Mineral Acre decrease or increase, and the denominator of which is the Net Mineral Acre set forth in Exhibit A-1 for such Purchased Lease; provided, however, that if the Title Defect or Title Benefit does n...
