Common use of Letters in Lieu Clause in Contracts

Letters in Lieu. Seller and Buyer shall execute and deliver all necessary letters in lieu of transfer orders directing all purchasers of production to pay Buyer the proceeds attributable to production from the Assets from and after the Effective Time.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Berry Petroleum Co), Purchase and Sale Agreement (Berry Petroleum Co), Purchase and Sale Agreement (Bill Barrett Corp)

AutoNDA by SimpleDocs

Letters in Lieu. Each Seller (or the Seller Representative on such Seller’s behalf) and Buyer shall execute and deliver all necessary letters in lieu of transfer orders directing all purchasers of production to pay Buyer the proceeds attributable to production from the Assets from and after the Effective Time.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Aspen Exploration Corp), Purchase and Sale Agreement (Venoco, Inc.)

Letters in Lieu. Sellers shall prepare and Seller and Buyer Purchaser shall duly execute and deliver all necessary letters in lieu of transfer orders directing all purchasers of production to pay Buyer Purchaser the proceeds attributable to production from the Assets Acquired Properties of Seller from and after the Effective Time.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Unit Corp)

Letters in Lieu. Seller Sellers and Buyer shall execute and deliver all necessary letters in lieu of transfer orders directing all purchasers of production and operators to pay Buyer the proceeds attributable to production from the Assets from and after the Effective Time.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Synergy Resources Corp)

Letters in Lieu. Seller and Buyer Purchaser shall duly execute and deliver all necessary letters in lieu of transfer orders directing all purchasers of production to pay Buyer Purchaser the proceeds attributable to production from the Second Closing Assets of Seller from and after the Effective Time.

Appears in 1 contract

Samples: Purchase and Sale Agreement (SRC Energy Inc.)

Letters in Lieu. Seller and Buyer shall execute and deliver all necessary letters in lieu of transfer orders directing all purchasers of production to pay Buyer the proceeds attributable to production from the Assets from and after the Effective Time.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Kodiak Oil & Gas Corp)

AutoNDA by SimpleDocs

Letters in Lieu. Seller and Buyer shall execute and deliver all necessary letters in lieu of transfer orders to be prepared by Seller directing all purchasers of production to pay Buyer the proceeds attributable to production from the Assets from and after the Effective Time.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Oasis Petroleum Inc.)

Letters in Lieu. Seller and Buyer Purchaser shall duly execute and deliver all necessary letters in lieu of transfer orders directing all purchasers of production to pay Buyer Purchaser the proceeds attributable to production from the First Closing Assets of Seller from and after the Effective Time.

Appears in 1 contract

Samples: Purchase and Sale Agreement (SRC Energy Inc.)

Letters in Lieu. Seller and Buyer Purchaser shall duly execute and deliver all necessary letters in lieu of transfer orders directing all purchasers of production to pay Buyer Purchaser the proceeds attributable to production from the Acquired Assets from and after the Effective Time.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Harvest Natural Resources, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!