Common use of Net Revenue Interest Clause in Contracts

Net Revenue Interest. The Restricted Companies own a “net revenue interest” in each of the Mortgaged Properties which is not less than the interest specified in the description of such property in the Collateral Documents, with the term “net revenue interest”, as used herein, meaning the proportionate share of the production of oil, gas or other minerals to which the Restricted Companies are entitled after deduction of all royalties, overriding royalties and other interests payable from or measured by production.

Appears in 4 contracts

Samples: Term Loan Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp)

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Net Revenue Interest. The Restricted Companies own a "net revenue interest" in each of the Mortgaged Properties which is not less than the interest specified in the description of such property in the Collateral Documents, with the term "net revenue interest", as used herein, meaning the proportionate share of the production of oil, gas or other minerals to which the Restricted Companies are entitled after deduction of all royalties, overriding royalties and other interests payable from or measured by production.

Appears in 1 contract

Samples: Credit Agreement (Goodrich Petroleum Corp)

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