NPI. Subject to the terms and conditions hereof, the NPI Holder, by virtue of being the owner of the NPI, shall be entitled to a payment from the Grantor for each Month equal to the amount by which (i) the NPI Revenues for such Month exceed (ii) the Deductible Production Costs for such Month to a maximum limit equal to the Production Revenues.
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NPI. Subject to the terms and conditions hereof, the NPI Holder, by virtue of being the owner of the NPI, shall be entitled to a payment from the Grantor for each Month equal to the amount by which (i) of the NPI Revenues for such Month exceed (ii) the Deductible Production Costs for such Month to a maximum limit equal to the Production RevenuesMonth.
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Sources: Net Profit Interests Agreement (Baytex Energy Trust)
NPI. Subject to the terms and conditions hereof, the NPI Holder, by virtue of being the owner of the NPI, shall be entitled to a payment from the Grantor for each Month equal to the amount amount, if any, by which which:
(ia) the NPI Revenues for such Month exceed exceed,
(iib) the Deductible Production Costs for such Month to a maximum limit equal to the Production RevenuesMonth.
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