Common use of Receipt of Revenues Clause in Contracts

Receipt of Revenues. To the Vendor’s Knowledge, it has been receiving the share of the net proceeds of production from the Assets attributable to its interests as shown in the schedules hereto, and no person is currently claiming that it is not entitled to such amounts, with the possible exception of claims of accounting errors which do not challenge the percentage share of revenues to which it is entitled and which are not material;

Appears in 4 contracts

Samples: Take Up Agreement (Paramount Energy Trust), Take Up Agreement (Paramount Energy Trust), Initial Assets Purchase Agreement (Paramount Energy Trust)

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Receipt of Revenues. To the Vendor’s Knowledge's knowledge, it has been receiving the share of the net proceeds of production from the Assets attributable to its interests as shown in the schedules hereto, and no person is currently claiming that it is not entitled to such amounts, with the possible exception of claims of accounting errors which do not challenge the percentage share of revenues to which it is entitled and which are not material;

Appears in 1 contract

Samples: Asset Sale Agreement

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