Common use of Payout Status Clause in Contracts

Payout Status. To Seller’s Knowledge, Schedule 4.19 sets forth the payout status as of the date set forth in such Schedule of each Well and Lease subject to a reversion or other adjustment at some level of cost recovery or payout.

Appears in 4 contracts

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

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Payout Status. To Seller’s Knowledge, Schedule 4.19 sets forth 4.12 contains a list of the payout status of any “payout” balance, as of the date set forth in on such Schedule of each Well and Lease Schedule, for the Xxxxx subject to a reversion or other adjustment at some level of cost recovery or payoutpayout (or passage of time or other event other than termination of a Lease by its terms).

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Exco Resources Inc)

Payout Status. To Seller’s Knowledge, Schedule 4.19 sets forth the payout status for each Well is set forth on Schedule 4.20 as of the date set forth in such Schedule of each Well and Lease subject to a reversion or other adjustment at some level of cost recovery or payoutrespective date(s) shown thereon.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Diamondback Energy, Inc.)

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Payout Status. To Seller’s Knowledge, Schedule 4.19 5.20 sets forth the payout status as of the date set forth in such Schedule of each Well and Lease subject to a reversion or other adjustment at some level of cost recovery or payout.

Appears in 1 contract

Samples: Membership Interest Purchase and Sale Agreement (Constellation Energy Partners LLC)

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