Common use of Payout Balances Clause in Contracts

Payout Balances. Schedule 3.1(w) contains a complete and accurate schedule of the status of any "payout" balance due as of March 31, 2010, for each Property that is subject to a reversion or other adjustment at some level of cost recovery or payout.

Payout Balances. Schedule 3.1(w) 3.19 contains a list, which is complete and accurate schedule in all material respects, of the status of any "payout" balance due the Payout Balance, as of March 31, 2010the Effective Time, for each Property that is subject 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 reversion well out of the revenue from such well where the net revenue interest of the Seller therein will be reduced or other adjustment at some level of cost recovery or payoutthe working interest therein will be increased when such amount has been recovered.

Payout Balances. Schedule 3.1(w) 3.14 contains a complete and accurate schedule list of the status of any "“payout" ” balance due (net to Seller’s interest), as of March 31, 2010the dates shown in such Schedule, for each Property Lease or Well that is subject to a reversion or other adjustment at some level of cost recovery or payout.

Payout Balances. Schedule 3.1(w) contains a complete and accurate schedule of 3.28 sets forth the status of any "payout" balance due payout balance, as of March 31, 2010the dates shown on Schedule 3.28, for each Property Well that is subject to a reversion or other adjustment at some level of cost recovery or payout.

Payout Balances. Schedule 3.1(w) 3.15 contains a complete and accurate schedule list of the status of any "“payout" ” balance due (net to such Seller’s interest), as of March 31, 2010the dates shown in such Schedule, for each Property Lease or Well that is subject to a reversion or other adjustment at some level of cost recovery or payout.