After Payout definition

After Payout or “APO” means the Working Interest and/or Net Revenue Interest of a party after the point in time when the Well has recovered from production all costs as specified in the underlying farmout, assignments or other documents in the chain of title, usually including costs of drilling, completing and equipping a well or wells plus costs of operating the well or wells during the recoupment period.

After Payout or “APO” means the Working Interest and/or Net Revenue Interest of a party after the point in time when the Well has recovered from production all costs as specified in the underlying farmout, assignments or other documents in the chain of title, usually including costs of drilling, completing and equipping a well or xxxxx plus costs of operating the well or xxxxx during the recoupment period.

After Payout as used herein means that the figure next to which this abbreviation appears represents Mortgagor's net income interest after the point in time when the operator of the well or xxxxx situated on the described property has recovered from production from that well or those xxxxx all costs as specified in underlying farmout assignments or other documents in the chain of title, usually including costs of drilling, completing and equipping a well or xxxxx plus costs of operating the well or xxxxx during the recoupment period. The remainder of this page is intentionally left blank

Examples of After Payout in a sentence

• Some of the reasons for this non-achievement of this performance target include amongst others, delay in finalisation of IT strategy, retention of ICT employees that resulted in a high turnover of employees in IT infrastructure.

• Similar process was adapted for preparing the specimens of varying mesh size and weight fractions.

• Ramshorn may transfer or assign any portion of its rights and obligations hereunder, the Net Overriding Royalty Interest and/or the After Payout Overriding Royalty Interest to any Affiliate of Ramshorn.

• After the Payout Date, Ramshorn and its representatives shall have access to all records regarding production data, future capital investment plans, marketing arrangements, processing arrangements and any other data necessary, as determined by Ramshorn in its reasonable discretion, to evaluate Ramshorn's After Payout Overriding Royalty Interest.

• If El Paso intends to sell its entire interest in a Subject Well in a transaction described in Section 5.3(a) after the date referred to therein, then El Paso shall have the option to purchase Ramshorn's Net Overriding Royalty Interest and After Payout Overriding Royalty Interest in the affected Subject Well by paying Ramshorn an amount in cash equal to (i) the Investment Percentage multiplied by (ii) the net sale proceeds attributable to such well.

More Definitions of After Payout

After Payout means that period of time commencing after Payout occurs and continuing for the balance of the term of this Assignment.

After Payout or “APO” specifies the Net Revenue Interest and the Working Interest of Mortgagor after the occurrence of a particular event, such as payout of certain costs with respect to a Well or Xxxxx, as described in a Lease, assignment or assignments thereof, or one or more of the agreements to which the affected property is subject as shown in this Exhibit A.

After Payout representation at the MANAGEMENT COMMITTEE shall reflect the participating interests such that 70% of the members are nominated by ATLAS and 30% by SOGW. To avoid fractions of members the membership of the MANAGEMENT COMMITTEE shall be increased to ten (10) such that ATLAS produces Seven (7) members while SOGW produces three (3) members. This is without prejudice to both Parties reviewing this provision so as to adopt the statusquo prior to payout.

After Payout as used herein means that the figure next to which this abbreviation appears represents Mortgagor’s net revenue interest after the point in time when Mortgagor or third party has recovered from production from that well or those xxxxx all costs as specified in underlying farmout assignments or other documents in the chain of title, usually including costs of drilling, completing and equipping a well or xxxxx plus costs of operating the well or xxxxx during the recoupment period.

After Payout or "APO" means the Working Interest or Net Revenue Interest of a party after the point in time when the Mortgaged Property has recovered from Production all costs as specified in the underlying farmout, assignments or other documents in the chain of title, usually including costs of drilling, completing and equipping a well or xxxxx plus costs of operating the well or xxxxx during the recoupment period. With respect to the descriptions of each of the Mortgaged Properties, if the description requires, such description may continue on several successive pages of each Part of Exhibits A-1 and A-2. Certain property descriptions are in abbreviated form as to Sections, Townships and Ranges. DRAFT RECORDING REQUESTED BY AND ) WHEN RECORDED RETURN TO: ) XXXXX XXXXXX LLP ) 000 Xx. Xxxxxxx Xxxxxx, 50th Floor ) Xxx Xxxxxxx, XX 00000-0000 ) Attn: Xxxxx Xxxxxxx ) Section 1.01 Defined Terms 2 Section 1.02 Definitions 2 Section 2.01 Grant of Liens 2 Section 2.02 Grant of Security Interest 4 Section 2.03 Indebtedness Secured 5

After Payout as used herein means the time after which Grantor has recovered from the proceeds of production from a well all costs of of preparing to drill, drilling, completing, equipping and operating such well.

After Payout as used in this Agreement shall mean that point in time at which the cumulative net proceeds (as hereinafter defined) of each well drilled are equal to the cumulative well costs (as hereinafter defined).