Payout Balances. To Seller's Knowledge, Schedule 10.1.3 contains a complete and accurate list of the status of any "payout" balance, as of the Effective Time, for the Xxxxx and Units subject to a reversion or other adjustment at some level of cost recovery or payout (or passage of time or other event other than termination of a Lease by its terms).
Payout Balances. Schedule 3.19 contains a list, which is complete and accurate in all material respects, of the status of the Payout Balance, as of the Effective Time, for each Well in which the Seller has an interest. “Payout Balance” means the status, as of the dates of the calculations, of the recovery by the Seller or a third party of a cost amount specified in the contract relating to a well out of the revenue from such well where the net revenue interest of the Seller therein will be reduced or the working interest therein will be increased when such amount has been recovered.
Payout Balances. To the Company’s Knowledge, Schedule 7.23 contains a list of the status as of the date(s) set forth in such Schedule, of any “payout” balance for the Wxxxx listed on Annex A-2 that are subject to a reversion or other adjustment at some level of cost recovery or payout (or passage of time or other event other than termination of a Lease by its terms), with such list, to the Company’s Knowledge, being true and correct in all material respects, assuming the accuracy of the information provided by Third Parties.
Payout Balances. Schedule 3.1(aa) contains a complete and accurate schedule of the status of any “payout” balance due as of April 30, 2008, for each Property that is subject to a reversion or other adjustment at some level of cost recovery or payout.
Payout Balances. Schedule 6.01(q) contains a complete and accurate list of the status of any “payout” balance, as of the Effective Time, for the Xxxxx and Units subject to a reversion, back-in working interest, convertible interest or other adjustment at some level of cost recovery or payout (or passage of time or other event other than termination of a Lease by its terms) in which such Seller owns an interest.
Payout Balances. Where Seller is the operator, Schedule 6.01(r-1) contains a list of the estimated status of any “payout” balance, as of the dates shown in such Schedule, for each Property that is subject to a reversion or other adjustment at some level of cost recovery or payout. Where a Third Party is the operator, to Seller’s Knowledge, Schedule 6.01(r-2) contains a list of the estimated status of any “payout” balance, as of the dates shown in such Schedule, for each Property that is subject to a reversion or other adjustment at some level of cost recovery or payout.
Payout Balances. Schedule 3.17 identifies the Xxxxx and Units subject to a reversion or other adjustment at some level of cost recovery or payout (or passage of time or other event other than a termination of a Lease by its terms), and, to SM Energy’s Knowledge, the list is a complete and accurate list of the status of any “payout” balance, as of the Effective Time.
Payout Balances. Schedule 4.15 contains a list of the estimated status of any “payout” balance (net to the interest of Seller), as of the dates shown in such Schedule, for each Property that is subject to a reversion or other adjustment at some level of cost recovery or payout.
Payout Balances. Schedule 5.1(u), (i) identifies those Xxxxx that, as of the date hereof, are subject to a reversion or other adjustment at some level of cost recovery or payout and (ii) to Seller’s Knowledge, the status of the “payout” balances with respect to each such Well as of such date.
Payout Balances. Schedule 6.02(z) contains a list of the estimated status of any “payout” balance (net to the interest of the Company), as of the dates shown in such Schedule, for each Company Property that is subject to a reversion or other adjustment at some level of cost recovery or payout.
