Proportionate Adjustment. The fixed Dollar component of Availability tests set forth in the definitions of "Cash Dominion Trigger Event", "Pro Forma Basis" (in the penultimate paragraph of such definition) and "Reporting Trigger Event" and in Sections 9.2.6(d)(vi) and 9.3.1 shall be automatically increased ratably with increases in the Commitments after the Closing Date such that such fixed Dollar component shall be increased by the same percentage as the percentage increase in the Commitments.
Proportionate Adjustment. In each case under this ------------------------ Article V in which a Coating Fee is specified per "Standard Ton," (a) the --------- Coating Fees for services to produce Reference Strip shall be calculated by multiplying the specified amount of Coating Fees times the actual number of Tons of product produced, and (b) the Coating Fees for services to produce any EG Product other than Reference Strip shall be calculated by multiplying the specified amount of Coating Fees times the product of the actual number of Tons of product produced times the Standard Ton Factor for such EG Product.
Proportionate Adjustment. The Parties recognize that certain Prospects listed on Exhibits "B" may involve acreage not under the ownership or control of Chevron on the Effective Date of this Agreement. Should Chevron secure an agreement from the Third Party owner(s) of any offsetting acreage or Prospect Contract Acreage necessary to control a Prospect before drilling an Initial Test Well, and said agreement results in the reduction of the interest of Chevron in the Initial Test Well and Prospect, the obligations and duties of the Parties hereto in regard to the Prospect included under the agreement with a Third Party shall be proportionately adjusted to compensate for the reduction in interest by Chevron in the Prospect, dependent upon whether such reduction in interest results from (i) a recordable or MMS approvable cross-assignment of Record Title or Operating Rights Interests with the Third Party or (ii) an assignment of contractual interests in a Prospect with a Third Party. In the event of a cross-assignment with a Third Party of Record Title or Operating Rights Interest in a Prospect, the interest Chevron would assign to Ridgewood in the Leases in the Prospect would be proportionately reduced by the Ridgewood ACP Interest of the specific Prospect area, to reflect the Record Title or Operating Rights Interest of Chevron remaining after such cross-assignment. Ridgewood would also be entitled to an assignment of a similar Record Title or Operating Rights Interest in lands acquired by Chevron from the Third Party as the result of any such cross-assignment. In the event of a reduction of Chevron's interest in a Prospect by means of a contractual arrangement that does not result in the cross-assignment of Record Title or Operating Rights Interest in a Prospect with a Third Party, the interest Chevron would assign to Ridgewood in the Leases in the Prospect would be subject to such contractual rights, and Ridgewood would be entitled to its proportionate share, of the specific Prospect area, of the contractual rights acquired. The interest to be assigned by Chevron to Ridgewood in the Leases in the Prospect would be proportionately reduced by the Ridgewood ACP Interest of the specific Prospect area to reflect the contractual arrangement. Examples of such contractual arrangements would be a pooling arrangement or a farmin between Chevron and a Third Party that was not approved by the MMS. In no event shall Ridgewood be liable for or entitled to receive any benefit from or associated wit...
Proportionate Adjustment. 9 5.05. Cost Disclosure................................................. 9 5.06. No Minimums..................................................... 10
Proportionate Adjustment. 17 5.06. Cost Disclosure................................................. 17 5.07.
Proportionate Adjustment. In each case under this ------------------------ Article V in which an Operator's Fee is specified per "Standard Ton", (a) the --------- Operator's Fees for services to produce Reference Strip shall be calculated by multiplying the specified amount of Operator's Fees times the actual number of Tons produced, and (b) the Operator's Fees for services to produce any EG Product other than Reference Strip shall be calculated by multiplying the specified amount of Operator's Fees times the product of the actual number of Tons produced times the Standard Ton Factor for such EG Product.
Proportionate Adjustment. 9 5.05. Cost Disclosure..................................................... 9 5.06. No Minimums......................................................... 10 5.07. Costs in Connection with Modifications.............................. 10 ARTICLE VI Miscellany
Proportionate Adjustment. 13 3.5 Additional Earning Option ....................................14 4.
Proportionate Adjustment. In the event title to the Subject Interests is approved on a different amount than the respective purported NMA or purported Royalty Interest (as defined in subsections (c)(i.) and (c)(ii.) herein, respectively) set out in the preceding subsection (b) herein, then the Total Consideration shall be proportionally adjusted at closing.
Proportionate Adjustment. 13 3.5 Additional Earning Option ..............................................14 4. PROSPECT EVALUATION ......................................................14 ------------------- 4.1 Primary Package Prospect Well Cost Sharing .............................14 4.2 Additional Opportunities Prospect Well Cost Sharing ....................16 4.3 Well Over-expenditure Limitation .......................................17 4.4 Third Party Participation in Prospects .................................18 4.5 Rights Limitation on Use of Existing Wells .............................18 4.6 Wells Proposed by Chevrox xxxer the Effective Date .....................08 4.7 Protection from Drainage ...............................................19
