Common use of Letters in Lieu Clause in Contracts

Letters in Lieu. At Closing, the Parties shall execute all documents necessary to effect change of ownership, such as letters-in-lieu of division orders or transfer orders to each purchaser of production for the Properties, instructing each to make payments for all purchases accruing after the end of the month in which Closing occurs directly to PetroHunter.

Letters in Lieu. At Closing, the Parties shall execute all documents necessary to effect change of ownership, such as letters-in-lieu of division orders or transfer orders to each purchaser of production for the PropertiesProperty, instructing each to make payments for all purchases accruing after the end of the month in which Closing occurs directly to PetroHunterBuyer.