Common use of Timely Payment Clause in Contracts

Timely Payment. To the actual knowledge of Seller, as of the Execution Date, Seller has paid its share of all costs payable by it under the Leases and the Contracts, as notified and billed to Seller by the operator of record of the Assets, except those being contested in good faith. All such contests are set forth on Schedule 5.11.

Timely Payment. To the actual knowledge of Seller, as of the Execution Datedate of this Agreement, Seller has paid its share of all costs payable by it under the Leases and the Contracts, as notified and billed to Seller by the operator of record of the Assets, except those being contested in good faith. All such contests are set forth on Schedule 5.11.

Timely Payment. To the actual knowledge of Seller, as of the Effective Time and the Execution Date, Seller has paid its share of all costs payable required to be paid by it under the Leases and the Contracts, as notified and billed to Seller by the operator (other than payment of record of the Assetsroyalties), except those being contested in good faith. All such contests are faith and set forth on Schedule 5.11. As of the Effective Time and the Execution Date, Seller has not received written notice, which has not heretofore been complied with in all material respects, of its failure to pay its share of such costs under the Leases.