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 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 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

• In fact, the share prices appear to follow a random walk and it is of much interest to either prove it or to disprove it.

• Buyer acknowledges that Suspense Funds may exist as of the Effective Time.

• As used in this Section 9.2, "Assets" shall include the Suspense Funds.

• At Closing, Seller shall deliver to Purchaser all amounts in Seller's possession due third party owners of interests in the Subject Properties, and Purchaser agrees that it shall be solely responsible for the disposition of such funds, the payment thereof to the rightful owners and the payment, if any, of royalty thereon (the "Suspense Funds").

• Sellers shall use commercially reasonable efforts to have Sellers’ Liabilities in respect of the Suspense Funds discharged pursuant to an Order of the Bankruptcy Court confirming a plan of liquidation.

More Definitions of Suspense Funds

Suspense Funds has the meaning as set forth in Section 9.1.

Suspense Funds means any and all Royalties and other amounts held in suspense by Seller at the Closing, and any interest accrued in escrow accounts for such suspended funds, attributable to sales of Hydrocarbons produced from the Assets.

Suspense Funds means proceeds of production and associated penalties and interest in respect of any of the Operated Xxxxx Properties that are payable to Third Parties and are being held in suspense by LINN as the operator of such Operated Xxxxx Properties.

Suspense Funds means all proceeds of production from the sale of Hydrocarbons attributable to the Assets, and penalties and interest with respect thereto, payable to owners of working interests, Burdens or similar interests but, in each case, held in suspense by Seller or its Affiliates.

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, with respect to any Serviced Mortgage Loan, the related funds received by the Servicer that are in the process of being finally applied.

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.