Common use of Suspense Clause in Contracts

Suspense. To the Knowledge of such Seller, proceeds from the sale of oil, condensate and gas from the Properties attributable to Target’s interests in the Properties are being received in all material respects by Target in a timely manner and are not being held in suspense for any reason other than delays resulting from the issuance of division orders, transfer orders or similar documents required for newly drilled xxxxx occurring in the Ordinary Course of Business.

Appears in 2 contracts

Samples: Interest Purchase Agreement (Energy 11, L.P.), Interest Purchase Agreement (Energy 11, L.P.)

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Suspense. To the Knowledge of such Seller, proceeds from the sale of oil, condensate and gas from the Properties attributable to Target’s interests in the Properties are being received in all material respects by Target in a timely manner and are not being held in suspense for any reason other than delays resulting from the issuance of division orders, transfer orders or similar documents required for newly drilled xxxxx wxxxx occurring in the Ordinary Course of Business.

Appears in 1 contract

Samples: Interest Purchase Agreement (Energy 11, L.P.)

Suspense. To the Knowledge of such Seller, proceeds from the sale of oil, condensate and gas from the Properties attributable to Target’s interests in the Properties are being received in all material respects by Target in a timely manner and are not being held in suspense for any reason other than delays resulting from the issuance of division orders, transfer orders or similar documents required for newly drilled xxxxx wxxxx occurring in the Ordinary Course of Business.

Appears in 1 contract

Samples: Interest Purchase Agreement (Energy 11, L.P.)

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Suspense. To the Knowledge of such Seller, proceeds from the sale of oil, condensate and gas from the Properties attributable to Target’s interests in the Properties are being received in all material respects by Target in a timely manner and are not being held in suspense for any reason other than delays resulting from the issuance of division orders, transfer orders or similar documents required for newly drilled xxxxx occurring in the Ordinary Course of Business.

Appears in 1 contract

Samples: Interest Purchase Agreement (Natural Resource Partners Lp)

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