Carried Interest. (i) Until such time as Payout occurs, Seller hereby agrees to pay all Applicable Costs for the Subject Wells which are attributable to Buyer as a result of its ownership ▇▇ ▇he Properties. (ii) For purposes of Paragraph 13(b), the following definitions apply:
Appears in 1 contract
Sources: Purchase and Exploration Agreement (American Natural Energy Corp)
Carried Interest. (i) Until such time as Payout occurs, Seller hereby agrees to pay all Applicable Costs for the Subject Wells which are attributable to Buyer as a result of its ownership ownershi▇ ▇▇ ▇he the Properties.
(ii) For purposes of Paragraph 13(b), the following definitions apply:
Appears in 1 contract
Sources: Purchase and Exploration Agreement (American Natural Energy Corp)