Production Penalty Sample Clauses

Production Penalty. Except as disclosed in Schedule "A", to its Knowledge based upon an examination of its records, the Xxxxx related to the Lands are not subject to a production penalty whereby the production proceeds allocable to Vendor's interest are payable to a third party until an amount calculated in respect of certain costs and expenses paid by such third party are recovered by such third party;

Production Penalty. Except as disclosed in Schedule “D”, to knowledge of Vendors or Vendors’ Affiliates, the Xxxxx are not subject to a production penalty whereby the production proceeds allocable to the Partnership’s interest in the Assets are payable to a Third Party until an amount calculated In respect of certain costs and expenses paid by such Third Party are recovered by such Third Party,

Production Penalty. The Vendor has not received notice that the Wells are subject to a production penalty of any nature;

Production Penalty. Except as disclosed in Schedule "A", to its Knowledge based upon an examination of its records, the Wellx xxxated to the Lands are not subject to a production penalty (under Article X of CAPL Operating Procedure) whereby the production proceeds allocable to Vendor's interest are payable to a third party until an amount calculated in respect of certain costs and expenses paid by such third party are recovered by such third party;

Production Penalty. The Assets are not subject to a production penalty whereby the production proceeds allocable to Vendor's interest are payable to a Person until an amount calculated in respect of certain costs and expenses paid by such Person are recovered by such Person;

Production Penalty. To the knowledge of the Vendor, none of the Wells producing Petroleum Substances that are allocable to the Assets are subject to any production penalty of any nature including, without limitation, contractual penalties or restrictions (other than those penalties imposed in the ordinary course of the oil and gas industry by a governmental authority), except as set forth in Schedule "A";

Production Penalty. None of the Xxxxx is subject to any production ------------------ penalty of any nature including, without limitation, contractual penalties or restrictions as a result of non-participation in operations, except as listed or reflected in Schedule "A";

Production Penalty. The Transferred Assets are not subject to a production penalty whereby the production proceeds allocable to Seller's interest are payable to a person until an amount calculated in respect of certain costs and expenses paid by such person are recovered by such person.

Production Penalty. Except as disclosed in the Documents of Title, to its Knowledge, the Wellx xxxated to the Lands are not subject to a production penalty whereby the production proceeds allocable to Vendor's interest are payable to a third party until an amount calculated in respect of certain costs and expenses paid by such third party are recovered by such third party;