Production Revenues definition

Production Revenues for any period means all of the Grantor’s revenues during such period with respect to the Petroleum and Natural Gas Rights, including without limitation the following:

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Production Revenues means, in respect of any period, the gross proceeds from the sale of Production which are received during such period, but do not include ARTC or income from Royalty Interests;

Production Revenues means, in respect of a Month, the aggregate of:

Examples of Production Revenues in a sentence

The Grantor shall use all commercially reasonable efforts to obtain the payment of Production Revenues and Other Revenues, excluding Production Revenues from the Royalty Share of Production that the Royalty Owner took in kind.
The Grantor will use all commercially reasonable efforts to obtain the payment of Production Revenues and Residual Revenues but shall not have any liability to the NPI Holder to the extent that it fails to collect them, provided it makes commercially reasonable efforts to do so.
The Managing General Partner shall subordinate up to 50% of its share of Partnership Net Production Revenues to the receipt by Participants of cash distributions from the Partnership equal to $1,000 per Unit (which is 10% per Unit) regardless of their actual subscription price of the Units, in each of the first five 12-month periods beginning with the Partnership's first cash distributions from operations.
REVENUES The Grantor will use all commercially reasonable efforts to obtain the payment of Production Revenues and Other Revenues (excluding Production Revenues from the Royalty Share of Production which the Royalty Owner takes in kind) but shall not have any liability to the Royalty Owner to the extent that it fails to collect them, provided it makes commercially reasonable efforts to do so.
All Operation Costs and Net Production Revenues attributable to the period prior to the Effective time shall be taken into account in connection with the determination of any Monthly Payment Amounts payable under the Loan Agreement through the Effective Time.
The Managing General Partner shall subordinate up to 50% of its share of Partnership Net Production Revenues to the receipt by Participants of cash distributions from the Partnership equal to $1,000 per Unit (which is 10% per Unit) regardless of their actual subscription price of the Units, in each of the first five 12-month periods.
The Managing General Partner shall subordinate up to 50% of its share of Partnership Net Production Revenues (after deducting the 1% broker/dealer participation) to the receipt by Participants of cash distributions from the Partnership equal to $2,500 per Unit (which is 10% per Unit) regardless of their actual subscription price of the Units, in each of the first five 12-month periods beginning with the Partnership's first cash distributions from operations.
The Managing General Partner shall subordinate up to 50% of its share of Partnership Net Production Revenues to the receipt by Participants of cash distributions from the Partnership equal to $1,000 per Unit (which is 10% of $10,000 per Unit) regardless of the actual subscription price they paid for their Units, in each of the Partnership’s first five 12-month periods of operations as set forth below.
Each NPI Payment shall be accompanied by a statement setting forth: (i) the amount of the NPI Payment for such Month; (ii) all calculations used in determining the NPI Payment; (iii) the Production (itemized by product) sold during the Month; (iv) the Production Revenues and Residual Revenues for such Month; and (v) an itemized list of the Production Costs and Deductible Production Costs for the Month.
The Managing General Partner shall subordinate up to 50% of its share of Partnership Net Production Revenues to the receipt by Participants of cash distributions from the Partnership equal to $855 per Unit (which is 10% of $8,546 per Unit) regardless of the actual subscription price they paid for their Units, in each of the Partnership’s first five 12-month periods of operations as set forth below.

More Definitions of Production Revenues

Production Revenues means, with respect to the oil and gas properties subject to a Permitted Production Payment Asset Sale, those revenues received by the Company from the sale or other disposition of Hydrocarbons produced from or attributable to such oil and gas properties (including within such revenues amounts as determined by the Company reasonably and in good faith as being attributable to volumes of Hydrocarbons delivered in kind to or for the account of the applicable royalty or production payment owners exercising a right to take such Hydrocarbons in kind based upon the volumes of Hydrocarbons delivered in kind and the market price then prevailing at the applicable point of delivery).

Production Revenues means, in respect of any period, the gross proceeds from the sale of Production which are received or receivable during such period, but does not include: (i) ARC received by the Grantor, (ii) income from Royalty Interests, (iii) any proceeds from Swap Arrangements, (iv) any proceeds from the sale of Tangibles and Miscellaneous Interests, (v) insurance proceeds, excluding business interruption insurance and property damage insurance to the extent such amounts are used to purchase additional Properties subject to the NPI, (vi) incentives, rebates and credits in respect of Production Costs, (vii) fees and similar payments made by third parties for the processing, transportation, gathering or treatment of their Petroleum Substances in, by or through Tangibles, (viii) proceeds from the sale or licensing of seismic and similar data, and (ix) take or pay and similar payments made to the Grantor in lieu of a buyer purchasing some of the Production or as compensation for a buyer not purchasing some of the Production.