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.
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Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Cubic Energy Inc)
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.
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Samples: Purchase and Sale Agreement (Gastar Exploration USA, Inc.)
Payout Balances. Where Seller is the operator, Schedule 6.01(r-16.01(q-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-26.01(q-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.
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