Common use of Letters in Lieu Clause in Contracts

Letters in Lieu. Seller shall execute and deliver to Buyer at the Closing, on forms prepared by Buyer, transfer orders or letters in lieu thereof directing all purchasers of production to make payment to Buyer of proceeds attributable to production from the Interests.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Ram Energy Resources Inc), Sale and Purchase Agreement (RLP Gulf States LLC), Sale and Purchase Agreement (RLP Gulf States LLC)

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Letters in Lieu. Seller shall execute and deliver to Buyer at the ---------------- Closing, on forms prepared by BuyerBuyer in the form set out in Exhibit H, transfer orders or letters letter in lieu thereof directing all purchasers of production to make payment to Buyer of proceeds attributable to production from the Interests.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Gothic Energy Corp)

Letters in Lieu. Seller shall execute and deliver to Buyer at the Closing, on forms prepared by BuyerBuyer and reasonably acceptable to Seller, transfer orders or letters in lieu thereof directing all purchasers of production to make payment to Buyer of proceeds attributable to production from the InterestsInterests from and after the Effective Time.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ram Energy Resources Inc)

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Letters in Lieu. Seller shall execute and deliver furnish to Buyer at the Closingexecuted, on forms prepared by Buyer, acknowledged transfer orders or letters in lieu thereof of transfer orders, made effective as of the Effective Date, directing all purchasers of production to make payment to Buyer payments of proceeds of production attributable to production from the InterestsAssets to Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Lomak Petroleum Inc)

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