Common use of Royalties, Etc Clause in Contracts

Royalties, Etc. Seller has paid all royalties and payments to working interest owners due with respect to interests in the Oil and Gas Properties, or if not paid, is contesting such amounts in good faith in the ordinary course of business.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (EP Energy LLC), Purchase and Sale Agreement (Atlas Resource Partners, L.P.)

AutoNDA by SimpleDocs

Royalties, Etc. Seller has paid in all respects all royalties, overriding royalties and payments to working interest owners other burdens on production due with respect to interests in the Oil and Gas Properties, and Seller has paid non-operating interest owners all amounts attributable to them for production marketed on their behalf or for which Seller is obligated to reimburse them pursuant to any Material Contract, or if not paid, is contesting such amounts in good faith in the ordinary course of business, which contest is described in Schedule 5.5.

Appears in 1 contract

Samples: Purchase and Sale Agreement (EP Energy LLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!