Suspense Amounts definition

Suspense Amounts shall have the meaning ascribed thereto in Section 3.01(c)(ii).
Sample 1
Suspense Amounts has the meaning set forth in Section 2.03(p).
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Suspense Amounts has the meaning set forth in Section 10.4.
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Examples of Suspense Amounts in a sentence

  • To the extent WFRF shall elect to waive or accept cure of such Event of Default prior to the acceleration of the Obligations (or the deemed acceleration of the Obligations under the Loan Agreement, whether or not enforceable against the Borrowers under applicable bankruptcy laws), promptly following such acceptance of cure or waiver, WFRF shall forward the Suspense Amounts to Participant in accordance with this Agreement.

  • From and after the Closing Date, Buyer shall assume all responsibility for the Suspense Amounts and the escheat actions and obligations related thereto, and shall indemnify and hold Seller harmless from any claim or liability with respect thereto.

  • After such time, the Suspense Amounts and any items accruing to suspense on account of production from the Assets shall be the responsibility of Buyer.

  • The responsibility for payment of and escheat actions and obligations related to the Suspense Amounts held in suspense by Seller for periods prior to the Effective Time as to any of the Assets (such as suspended royalties held in the ordinary course of business as a result of title defects or changes of ownership) and the Suspense Amounts so held shall be transferred to Buyer at the Closing Date (along with all reasonable supporting documentation to the extent in Seller’s possession).

  • The adjusted Sale Price shall mean the Sale Price adjusted as provided herein, including but not limited to a deduction for the Earnest Money, reductions for Defects and Properties removed from xxxx transaction, increases for interest variances, and deductions for Taxes, Suspense Amounts and preferential rights exercised.

  • Schedule 6.15 sets forth complete and accurate information regarding all proceeds of production held in suspense by the Seller or third parties with respect to the operation of the Assets by the Seller (the "Suspense Amounts") as of the Closing and (b) any division of interest of the Seller and all supporting documentation regarding those royalty owners, overriding royalty owners, working interest owners or other owners for whom Seller disburses proceeds of production.

  • Without limitation of Purchaser’s right to indemnification under Article 11 with respect to clause (l) of the definition of “Retained Obligations,” Purchaser shall, to the extent reasonably requested by Seller, cooperate with Seller in connection with such resolution or release of Seller Responsibility Suspense Amounts.

  • To Seller’s Knowledge, during the Seller Ownership Period all rentals, royalties and other payments due under the Subject Interests have been paid in all material respects, except those amounts included in the Suspense Amounts and where failure to so pay would not have a Material Adverse Effect.

  • To Seller’s knowledge, during the past one (1) year and except as set forth on Schedule 4.19, all material Royalties with respect to the Assets have been or will be properly and timely paid (or constitute Suspense Amounts), or if not paid, are being contested in good faith in the normal course of business.

  • As of the Execution Date, there are no Purchaser Responsibility Suspense Amounts.


More Definitions of Suspense Amounts

Suspense Amounts as defined in Section 6.17.
Sample 1
Suspense Amounts has the meaning set forth in Section 2.03(p). {1919007;4} - 4 -
Sample 1
Suspense Amounts means all proceeds from sales of Hydrocarbons relating to the Leases that are payable by Seller to owners of working interests, royalties or overriding royalties that are held in suspense by Seller as of the Closing Date (including funds held in suspense for unleased mineral interests).
Sample 1
Suspense Amounts. As set forth and itemized on Schedule 10.4, with respect to oil and gas heretofore produced from and attributable to the Assets, Seller currently maintains records of monies withheld by operators for the benefit of and payable to Seller (the “Suspense Amounts”). Schedule 10.4 further sets forth reasonable detail indicating whether such Suspense Amounts are attributable to the Assets for (and the amounts allocable to) periods prior to the Effective Time and from and after the Effective Time. As between Buyer and Seller, (i) all Suspense Amounts being held by third party operators and attributable to the Assets prior to the Effective Time shall be for the account of Seller and (ii) all Suspense Amounts being held by third party operators and attributable to the Assets from and after the Effective Time shall be for the account of Buyer. If Buyer receives after the Closing Date any Suspense Amounts attributable to the Assets prior to the Effective Time, then Buyer shall promptly forward the same to Seller after receipt thereof.
Sample 1

Related to Suspense Amounts

  • Suspense Account means the account established by the Trustee for maintaining contributions and forfeitures which have not yet been allocated to Participants.

  • Available Amounts means, with respect to any Distribution Date, the sum of Available Interest and Available Principal for such Distribution Date.

  • Escrow Payments With respect to any Mortgage Loan, the amounts constituting ground rents, taxes, assessments, water rates, sewer rents, municipal charges, mortgage insurance premiums, fire and hazard insurance premiums, condominium charges, and any other payments required to be escrowed by the Mortgagor with the mortgagee pursuant to the Mortgage or any other document.

  • Expense Amount As defined in Section 11.01(b) hereof.

  • Excess Amounts means Available Monies after distributions made in accordance with Section 7.05.

  • Contribution Amounts the aggregate amount of capital contributions applied by the Borrower to permit the Incurrence of Contribution Indebtedness pursuant to subsection 7.1(b)(xii).

  • Unrelated Amounts means (a) amounts deposited by the Servicer into the Collection Account but later determined by the Servicer to be mistaken or returned deposits or postings, (b) amounts deposited by the Servicer into the Collection Account as Collections but which were later determined by the Servicer to not constitute Collections with respect to the Receivables and (c) amounts received by the Servicer with respect to a Receivable that the Servicer is prohibited from depositing into the Collection Account or otherwise remitting to the Issuer by law or court order, the direction of a regulatory authority or regulatory guidance.

  • Indemnity Escrow Amount means $3,000,000.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Allocable Amounts, when used with respect to any Senior Indebtedness, means all amounts due or to become due on such Senior Indebtedness less, if applicable, any amount which would have been paid to, and retained by, the holders of such Senior Indebtedness (whether as a result of the receipt of payments by the holders of such Senior Indebtedness from the Company or any other obligor thereon or from any holders of, or trustee in respect of, other indebtedness that is subordinate and junior in right of payment to such Senior Indebtedness pursuant to any provision of such indebtedness for the payment over of amounts received on account of such indebtedness to the holders of such Senior Indebtedness or otherwise) but for the fact that such Senior Indebtedness is subordinate or junior in right of payment to (or subject to a requirement that amounts received on such Senior Indebtedness be paid over to obligees on) trade accounts payable or accrued liabilities arising in the ordinary course of business.

  • Escrow Cash is defined in Section 4.1(a).

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Disputed Amounts as used in Section 11.9 below, means the amount that the Disputing Party contends is incorrectly billed.

  • Excluded Amounts means:

  • Expense Account The account established and maintained pursuant to Section 3.25.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Undisputed Amounts has the meaning set forth in Section 2.04(c)(iii).

  • Escrow Payment Any payment received by the Master Servicer or the Special Servicer for the account of any Mortgagor for application toward the payment of real estate taxes, assessments, insurance premiums, ground lease rents and similar items in respect of the related Mortgaged Property, including amounts for deposit to any reserve account.

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Settlement Funds means Standard Settlement Funds and Maximizing Settlement Funds.

  • Holdback Amount has the meaning set forth in Section 2.1(c).

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.