Common use of Payout Balances Clause in Contracts

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).

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Linn Energy, LLC)

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Payout Balances. To each Seller's Knowledgeknowledge, Schedule 10.1.3 5.17 contains a complete and accurate list of the status of any "payout" balance, as of the Effective Time, for the Xxxxx and Units units included in the Subject Interests 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).

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Linn Energy, LLC)

Payout Balances. To Seller's Knowledge’s knowledge, Schedule 10.1.3 6.01(p) 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).

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Linn Energy, LLC)

Payout Balances. To Seller's ’s Knowledge, Schedule 10.1.3 4.14 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).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Forest Oil Corp)

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Payout Balances. To Seller's ’s Knowledge, Schedule 10.1.3 4.14 contains a complete and accurate list of the status of any "payout" balance, as of the Effective Time, for the Xxxxx Wxxxx 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).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Linn Energy, LLC)

Payout Balances. To Seller's Knowledge, Schedule 10.1.3 10.1(m) 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).. HOUSTON 1151220v.11

Appears in 1 contract

Samples: Purchase and Sale Agreement (Linn Energy, LLC)

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