Common use of Payment of Settlement Amount Clause in Contracts

Payment of Settlement Amount. Any Settlement Amount due upon termination of this Agreement shall be paid in immediately available funds within two business days after the Liquidating Party terminates this Agreement. However, if this Agreement provides for more than one Commodity Transaction, or if Settlement Amounts are due under other agreements terminated by the Liquidating Party, the Settlement Amounts due to each party for such Commodity Transactions and/or agreements shall be aggregated. The party owing the net amount after such aggregation shall pay such net amount to the other party in immediately available funds within two business days after the date on which the Liquidating Party terminates this Agreement.

Appears in 13 contracts

Samples: Crude Oil Purchase Agreement, Crude Oil Purchase and Sale Agreement, Crude Oil Purchase and Sale Agreement (Centennial Resource Development, Inc.)

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Payment of Settlement Amount. Any Settlement Amount due upon termination of this Agreement shall Shall be paid in immediately available funds within two business days after the Liquidating Party terminates this Agreement. However, However if this Agreement provides for more than one Commodity Transaction, Transaction or if Settlement Amounts are due under other agreements terminated by the Liquidating Party, Party the Settlement Amounts due to each party for such Commodity Transactions and/or agreements shall be aggregated. The party owing the net amount after such aggregation shall pay such net amount to the other party in immediately available funds within two business days after the date on which the Liquidating Party terminates this the Agreement.

Appears in 2 contracts

Samples: Physical Transaction Confirmation (Petroleum Development Corp), Physical Transaction Confirmation (Rockies Region 2006 Limited Partnership)

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Payment of Settlement Amount. Any Settlement Amount due upon termination of this Agreement shall be paid in immediately available funds within two business days after the Liquidating Party terminates this Agreementagreement. However, if this Agreement provides for more than one Commodity Transaction, or if Settlement Amounts are due under other agreements terminated by the Liquidating Party, the Settlement Amounts due to each party for such Commodity Transactions and/or agreements shall be aggregated. The party owing the net amount after such aggregation shall pay such net amount to the other party in immediately available funds within two business days after the date on which the Liquidating Party terminates this Agreement.

Appears in 1 contract

Samples: Crude Oil Purchase Agreement (Cubic Energy Inc)

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