Proportionate Reduction. In the event of failure or deficiency in title to any of the Subject Interests, the portion of the production from such Subject Interests out of which a Net Profits Interest or the Overriding Royalty Interests attributable to such Subject Interests shall be payable shall be reduced in the same proportion that such Subject Interests are reduced.
Appears in 2 contracts
Sources: Net Profits Agreement (Swift Energy Operating Partners 1995-B LTD), Net Profits Agreement (Swift Energy Pension Partners 1995 B LTD)
Proportionate Reduction. In the event of failure or deficiency in title to any of the Subject Interests, the portion of the production from such Subject Interests Interest out of which a Net Profits the Royalty Interest or the Overriding Royalty Interests attributable to such Subject Interests Interest shall be payable shall be reduced in the same proportion that such Subject Interests are Interest is reduced.
Appears in 1 contract
Sources: Royalty Trust Indenture (San Juan Basin Royalty Trust)