Common use of Payout Status Clause in Contracts

Payout Status. To SM’s Knowledge, Schedule 1.12 lists the payout status as of the date set forth in such Schedule of each Well that constitutes a part of the Assets and is subject to a reversion or other adjustment at some level of cost recovery or payout.

Appears in 2 contracts

Samples: Acquisition and Development Agreement, Acquisition and Development Agreement (SM Energy Co)

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Payout Status. To SM’s Knowledge, Schedule 1.12 3.18 lists the payout status as of the date set forth in such Schedule schedule of each Well that constitutes a part of the Assets and is subject to a reversion or other adjustment at some level of cost recovery or payout.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (SM Energy Co)

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