No Balancing From Other Properties Sample Clauses
The "No Balancing From Other Properties" clause establishes that financial adjustments or reconciliations related to one property cannot be offset or balanced by amounts from other properties. In practice, this means that if there are overpayments, underpayments, or expenses associated with a specific property, those amounts must be settled solely in relation to that property and cannot be transferred or applied to obligations concerning different properties covered by the same agreement. This clause ensures clear and separate accounting for each property, preventing confusion or disputes over cross-property financial settlements.
No Balancing From Other Properties. Working Interest Owner will not allow any Subject Interest to be subject to any production balancing arrangement or agreement under which one or more third Persons may Overtake a portion of the production attributable to such Subject Interest as a result of Undertakes or Overtakes (or other actions or inactions) with respect to properties other than such Subject Interest. For the purposes of this subsection (d), a production unit in which all parties have uniform interests will be considered to be a single Subject Interest.
No Balancing From Other Properties. Except to the extent, if any, that a Subject Interest is subject to such a balancing arrangement before it becomes subject to this Conveyance and such fact is disclosed to (and accepted by) Grantee as an express exception to Section 4.1(k) of the Purchase Agreement, Grantor will not allow any Subject Interest to be subject to any production balancing arrangement under which one or more third Persons may take a portion of the production attributable to such Subject Interest without payment (or without full payment) therefor as a result of production having been taken from, or as a result of other actions or inactions with respect to, properties other than such Subject Interest.
No Balancing From Other Properties. Except to the extent, if any, that a Subject Interest is subject to such a balancing arrangement before it becomes subject to this Conveyance and such fact is disclosed to (and accepted by) Production Payment Owner as an express exception to Section 3(s) of the Purchase Agreement, Working Interest Owner will not allow any Subject Interest to be subject to any production balancing arrangement under which one or more third Persons may take a portion of the production attributable to such Subject Interest without payment (or without full payment) therefor as a result of production having been taken from, or as a result of other actions or inactions with respect to, properties other than such Subject Interest.
No Balancing From Other Properties. Notwithstanding anything to the contrary contained in this Conveyance, Assignor will not allow any Subject Interest to be subject to any Gas Balancing Arrangement under which one or more third Persons may overtake a portion of the production attributable to such Subject Interest as a result of undertakes or overtakes (or other actions or inactions) with respect to properties other than such Subject Interest. For the purposes of this subsection (d), a production unit in which all parties have uniform interests shall be considered to be a single Subject Interest.