Common use of Net Revenue Interest Clause in Contracts

Net Revenue Interest. El Paso represents and warrants that its average aggregate ratio of net revenue interest to working interest for the Subject Xxxxx is not less than seventy percent (70%). Upon conversion of the Net Overriding Royalty Interest as provided in Section 2.5(b), Ramshorn waives all remedies for any breach of the foregoing representation.

Net Revenue Interest. El Paso represents and warrants that its average aggregate ratio of net revenue interest to working interest for the Subject Xxxxx Wells is not less than seventy percent (70%). Upon conversion of the Net Xxx Overriding Royalty Interest as provided in Section 2.5(b), Ramshorn waives all remedies for any breach of the foregoing representation.