Suspense Funds definition
Suspense Funds means proceeds of production and associated penalties and interest in respect of any of the Properties that are payable to Third Parties and are being held in suspense by Seller as the operator of such Properties.
Suspense Funds means any and all Royalties and other amounts held in suspense by any Subject Company as of the Closing, and any interest accrued in escrow accounts for such suspended funds.
Suspense Funds means all positive funds held in suspense (including positive funds held in suspense for unleased interests) by Seller or its Affiliates that are attributable to the Assets.
Examples of Suspense Funds in a sentence
Except for Suspense Funds and except as set forth on Schedule 4.24, the Company Group has properly and timely paid, or caused to be paid, in all material respects all Burdens attributable to the Oil and Gas Properties due by the Company Group with respect to the Assets, to the extent and only to the extent related to periods in which the Company Group owned such Assets prior to the Effective Time.
More Definitions of Suspense Funds
Suspense Funds means all amounts controlled by the Target Group and its Affiliates that are held in suspense and are attributable to the Oil & Gas Assets (including any such amounts attributable to other Working Interest owners’ interest in such assets).
Suspense Funds has the meaning as set forth in Section 9.1.
Suspense Funds means proceeds of production and associated penalties and interest in respect of any of the Assets that are payable to Third Parties and are being held in suspense by a Seller as the operator of such Assets.
Suspense Funds means any and all Royalties and other amounts held in suspense by any member of Company Group as of the Closing, and any interest accrued in escrow accounts for such suspended funds.
Suspense Funds means, as the context requires, as to (a) each Seller, or (b) all Sellers, collectively, all amounts held in suspense by any such Seller that are attributable to such Seller’s Assets.
Suspense Funds means Royalties or net revenues payable to Third Party Working Interest owners in respect of any of the Assets that are payable to Third Parties and are being held in suspense by Seller as the owner or operator of such Assets, and any interest accrued in escrow accounts for such suspended funds.
Suspense Funds means, with respect to any Serviced Mortgage Loan, the related funds received by the Servicer that are in the process of being finally applied.