Common use of Reservation of Production Payment Clause in Contracts

Reservation of Production Payment. Santa Fe hereby reserves and retains unto Santa Fe, its successors and assigns, as a production payment, a variable undivided interest in and to certain of the Subject Assets, as more particularly provided in the Reservation of Production-Payment Interest attached hereto as Exhibit I.

Appears in 2 contracts

Samples: Conveyance and Contribution Agreement (Monterey Resources Inc), Conveyance and Contribution Agreement (Monterey Resources Inc)

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Reservation of Production Payment. Santa Fe hereby reserves and retains unto Santa Fe, its successors and assigns, as a production payment, a variable undivided interest in and to certain of the Subject Assets, as more particularly provided in the Reservation of Production-Production Payment Interest attached hereto as Exhibit I.

Appears in 1 contract

Samples: Conveyance and Contribution Agreement (Monterey Resources Inc)

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Reservation of Production Payment. Santa Fe hereby reserves and retains unto Santa Fe, its successors and assigns, as a production payment, a variable undivided interest in and to certain of the Subject Assets, as more particularly provided in the Reservation of Production-Production Payment Interest attached hereto as Exhibit I.

Appears in 1 contract

Samples: Conveyance and Contribution Agreement (Monterey Resources Inc)

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