Common use of Payments for Production Clause in Contracts

Payments for Production. Seller is not obligated by virtue of any take or pay payment, advance payment or other similar payment (other than royalties, overriding royalties and similar arrangements) to deliver hydrocarbons, or proceeds from the sale thereof, attributable to the Subject Interests at some future time without receiving payment therefor at or after the time of delivery, excluding, however, any imbalances attributable to the Subject Interests.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (BreitBurn Energy Partners L.P.)

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Payments for Production. Seller is not obligated by virtue of any take or a take-or-pay payment, advance payment payment, or other similar payment (other than royalties, overriding royalties and similar arrangements) to deliver hydrocarbonsHydrocarbons, or proceeds from the sale thereof, attributable to Seller’s interest in the Subject Interests Assets at some future time without receiving payment therefor at or after the time of delivery, excluding, however, any imbalances attributable to the Subject Interests.

Appears in 2 contracts

Samples: Purchase, Sale and Joint Exploration Agreement (Rangeford Resources, Inc.), Purchase, Sale and Joint Exploration Agreement (Rangeford Resources, Inc.)

Payments for Production. Seller is not obligated by virtue of any take or a take-or-pay payment, advance payment payment, or other similar payment (other than royalties, overriding royalties and similar arrangements) to deliver hydrocarbonsHydrocarbons, or proceeds from the sale thereof, attributable to Seller’s interest in the Subject Interests at some future time without receiving payment therefor at or after the time of delivery, excluding, however, any imbalances attributable to the Subject Interests.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Alpha Energy Inc), Purchase and Sale Agreement (Alpha Energy Inc)

Payments for Production. Seller is not obligated by virtue of any take or a take-or-pay payment, advance payment payment, or other similar payment (other than royalties, overriding royalties or similar arrangements established in the Leases and similar arrangements) reflected on Exhibit A and/or Schedule 1.1(A)), to deliver hydrocarbonsHydrocarbons, or proceeds from the sale thereof, attributable to Seller’s interest in the Subject Interests Properties at some future time without receiving payment therefor at or after the time of delivery, excluding, however, any imbalances attributable to the Subject Interests.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Contango Oil & Gas Co), Purchase and Sale Agreement (Mid-Con Energy Partners, LP)

Payments for Production. Seller is not obligated by virtue of any take or pay payment, advance payment or other similar payment (other than except royalties, overriding royalties and similar arrangementsother burdens on production reflected in the Net Revenue Interests) to deliver hydrocarbons, or proceeds hydrocarbons from the sale thereof, attributable to the Subject Interests Real Properties at some a future time without receiving payment therefor at or after the time of delivery, excluding, however, any imbalances attributable to the Subject Interests.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Apache Corp)

Payments for Production. Seller is Sellers are not obligated by virtue of any take or a take-or-pay payment, advance payment payment, make-whole payment, or other similar payment (other than royaltiespayment, overriding royalties and similar arrangements) to deliver hydrocarbons, or proceeds from the sale thereof, attributable to Sellers’ interest in the Subject Interests Purchased Assets at some future time without receiving payment therefor at or after the time of delivery, excluding, however, any imbalances attributable to the Subject Interests.

Appears in 1 contract

Samples: Asset Purchase Agreement (NDB Energy, Inc.)

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Payments for Production. Seller is not obligated by virtue of any take or pay payment, advance payment or other similar payment (other than except in-kind royalties, overriding royalties and similar arrangementsother burdens on production reflected in the Net Revenue Interests) to deliver hydrocarbons, or proceeds hydrocarbons from the sale thereofleases, attributable to xxxxx and units included in the Subject Interests Properties at some a future time without receiving payment therefor at or after the time of delivery, excluding, however, any imbalances attributable to the Subject Interests.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Stone Energy Corp)

Payments for Production. Seller is not obligated by virtue of any take or a take-or-pay payment, advance payment payment, or other similar payment (other than royalties, overriding royalties royalties, and similar arrangements) arrangements established in the Leases), to deliver hydrocarbonsoil or gas, or proceeds from the sale thereof, attributable to Seller’s interest in the Subject Interests Properties at some future time without receiving payment therefor at or after the time of delivery, excluding, however, any imbalances attributable to the Subject Interests.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Endeavour International Corp)

Payments for Production. Seller is not obligated by virtue of any take or a take-or-pay payment, advance payment or other similar payment (other than royalties, overriding royalties and similar arrangementsgas balancing agreements) to deliver hydrocarbonsHydrocarbons, or proceeds from the sale thereofof Hydrocarbons, attributable to Seller’s interests in the Subject Interests Assets at some future time without receiving full payment therefor at or after the time of delivery, excluding, however, any imbalances attributable to the Subject Interests.

Appears in 1 contract

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

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