Rio Negro NPI Sample Clauses

Rio Negro NPI. In consideration for the payment by Investors to Owner of Advances, Investors shall have the rights provided for in this Article III and elsewhere in this Agreement with respect to the Account, including without limitation the rights to receive payments from Owner measured by the Account pursuant to Section 3.7 (all of such rights are herein collectively called the "Rio Negro NPI"). The Rio Negro NPI is intended to provide to Investors substantially the same economic benefit as if each Investor was the owner of a direct net profits overriding royalty interest in the Association Contract to the extent it relates to the Designated Percentage of the Subject Interests and on the terms otherwise provided for herein; provided, however, that no rights or interest of any nature whatsoever in the Association Contract, the Subject Interests or Harken Colombia are intended to be, or are hereby, assigned or conveyed to Investors, it being understood and agreed that the Rio Negro NPI is solely a contractual obligation of Owner (and not of Harken Colombia, the party to the Association Contract) as expressed in this Agreement.
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