Limitation on Overtakes Sample Clauses

Limitation on Overtakes. Subject to Section 3.2, without Royalty Owner’s prior consent Working Interest Owner will not Overtake from a Subject Well on any Day (either for itself or on behalf of Royalty Owner), except either (i) in order to produce and take up to 111% of the Scheduled Quantities and Adjustment Quantities for such Day from the Subject ▇▇▇▇▇, or (ii) if one or more other owners of production from such Subject Well elects to Undertake, in order to produce and take the same amount of Hydrocarbons that Working Interest Owner and Royalty Owner would have received had such joint interest owner not elected to Undertake. If, pursuant to applicable contracts and Law, Working Interest Owner does Overtake, then the additional Hydrocarbons so taken by Working Interest Owner will be included among the Subject Hydrocarbons and will be subject to the Production Payment.