Common use of Notice to Remitters of Proceeds Clause in Contracts

Notice to Remitters of Proceeds. Buyer shall be responsible for informing all purchasers of production or other remitters to pay Buyer and obtain from the remitter revenues accrued after the Effective Time. The remitter shall be informed by Seller and Buyer via Letters-in-Lieu of Transfer Order or such other reasonable documents which remitter may require.

Appears in 13 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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Notice to Remitters of Proceeds. Buyer shall be responsible for informing all purchasers of production or other remitters to pay Buyer and obtain from the remitter revenues accrued after the Effective Time. The remitter shall be informed by Seller Xxxxxx and Buyer via Letters-in-Lieu of Transfer Order or such other reasonable documents which remitter may require.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

Notice to Remitters of Proceeds. Buyer shall be responsible for informing all purchasers of Hydrocarbon production or other remitters to pay Buyer and obtain from the remitter revenues accrued after the Effective Time. The remitter shall be informed by Seller and Buyer via Letters-in-Lieu of Transfer Order or such other reasonable documents which remitter may require.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Magnum Hunter Resources Corp)

Notice to Remitters of Proceeds. Buyer shall be responsible for informing all purchasers of production or other remitters to pay Buyer and obtain from the remitter revenues accrued after the Effective Time. The remitter shall be informed by Seller Sellers and Buyer via Letters-in-Lieu of Transfer Order or such other reasonable documents which remitter may require.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Dynamic Offshore Resources, Inc.), Purchase and Sale Agreement (Dynamic Offshore Resources, Inc.)

Notice to Remitters of Proceeds. Buyer shall be is responsible for informing all purchasers of production or other remitters to pay Buyer and obtain from the remitter revenues accrued after the Effective Time. The remitter shall be informed by Seller and Buyer via Letters-in-Letters in Lieu of Transfer Order or such other reasonable documents which remitter may require.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Goodrich Petroleum Corp)

Notice to Remitters of Proceeds. Buyer shall be responsible for informing all purchasers of production or other remitters to pay Buyer and obtain from the remitter revenues accrued after the Effective Time. The remitter shall be informed by Seller Sellers and Buyer via Letters-in-Lieu of Transfer Order or such other reasonable documents which remitter may require. Each Letter-in-Lieu of Transfer Order shall be on a form prepared by Sellers and reasonably satisfactory to Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Three Rivers Operating Co Inc.)

Notice to Remitters of Proceeds. Buyer shall be responsible for informing all purchasers of production or other remitters to pay Buyer and obtain from the remitter revenues accrued after the Effective Time. The remitter shall be informed by Seller Sellers, Participating Third Party Owners, and Buyer via Letters-in-Lieu of Transfer Order or such other reasonable documents which remitter may require.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mid-Con Energy Partners, LP)

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Notice to Remitters of Proceeds. Buyer shall be responsible for informing all purchasers of production or other remitters to pay Buyer and obtain from the remitter revenues accrued and attributable to production periods after the Effective Time. The remitter shall be informed by Seller and Buyer via Letters-in-Lieu of Transfer Order or such other reasonable documents which remitter may require.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Midstates Petroleum Company, Inc.)

Notice to Remitters of Proceeds. Buyer shall be responsible for informing all purchasers of production or other remitters to pay Buyer and obtain from the remitter revenues accrued after the Effective Time. The remitter shall be informed by Seller and Buyer via Letters-in-Lieu of Transfer Order or such other reasonable documents which remitter may requirerequire after the Closing. If any purchasers of production or other remitters make payments to Seller for revenues accrued from and after the Effective Time, Seller shall remit such payment to Buyer as soon as reasonably practicable.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Magnum Hunter Resources Corp)

Notice to Remitters of Proceeds. Buyer shall be responsible for informing all purchasers of Hydrocarbon production or other remitters to pay Buyer and obtain from the remitter revenues accrued after the Effective Time. The remitter shall be informed by Seller Xxxxxx and Buyer via Letters-in-Lieu of Transfer Order or such other reasonable documents which remitter may require.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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