Payout Balances. To Seller’s knowledge, Schedule 6.01(p) contains a complete and accurate list of the status of any “payout” balance, as of the Effective Time, for the Xxxxx and Units subject to a reversion or other adjustment at some level of cost recovery or payout (or passage of time or other event other than termination of a Lease by its terms).
Payout Balances. Schedule 3.14 contains a complete and accurate list of the status of any “payout” balance (net to Seller’s interest), as of the dates shown in such Schedule, for each Lease or Well that is subject to a reversion or other adjustment at some level of cost recovery or payout.
Payout Balances. To the Company’s Knowledge, Schedule 7.23 contains a list of the status as of the date(s) set forth in such Schedule, of any “payout” balance for the Wxxxx listed on Annex A-2 that are subject to a reversion or other adjustment at some level of cost recovery or payout (or passage of time or other event other than termination of a Lease by its terms), with such list, to the Company’s Knowledge, being true and correct in all material respects, assuming the accuracy of the information provided by Third Parties.
Payout Balances. Schedule 5.1(u), (i) identifies those Xxxxx that, as of the date hereof, are subject to a reversion or other adjustment at some level of cost recovery or payout and (ii) to Seller’s Knowledge, the status of the “payout” balances with respect to each such Well as of such date.
Payout Balances. Schedule 3.1(w) contains a complete and accurate schedule of the status of any "payout" balance due as of March 31, 2010, for each Property that is subject to a reversion or other adjustment at some level of cost recovery or payout.
Payout Balances. Where Seller is the operator, Schedule 6.01(r-1) contains a list of the estimated status of any “payout” balance, as of the dates shown in such Schedule, for each Property that is subject to a reversion or other adjustment at some level of cost recovery or payout. Where a Third Party is the operator, to Seller’s Knowledge, Schedule 6.01(r-2) contains a list of the estimated status of any “payout” balance, as of the dates shown in such Schedule, for each Property that is subject to a reversion or other adjustment at some level of cost recovery or payout.
Payout Balances. The Payout Balance for each well owned and operated by the Company is properly reflected in Section 3.25 of the Disclosure Schedule as of the respective date(s) shown thereon. To the knowledge of the Company, based on information given to the Company by third-party operators for all xxxxx not operated by the Company, the Payout Balance for any such third-party operated well in which the Company owns an interest is properly reflected in Section 3.25 of the Disclosure Schedule as of the respective date(s) shown thereon. “Payout Balance(s)” means the status, as of the dates of the Company’s calculations, of the recovery by the Company or a third party of a cost amount specified in the contract relating to a well out of the revenue from such well where the net revenue interest of the Company therein will be either increased or reduced when such amount has been recovered.
Payout Balances. Schedule 3.17 identifies the Xxxxx and Units subject to a reversion or other adjustment at some level of cost recovery or payout (or passage of time or other event other than a termination of a Lease by its terms), and, to SM Energy’s Knowledge, the list is a complete and accurate list of the status of any “payout” balance, as of the Effective Time.
Payout Balances. Schedule 4.15 contains a list of the estimated status of any “payout” balance (net to the interest of Seller), as of the dates shown in such Schedule, for each Property that is subject to a reversion or other adjustment at some level of cost recovery or payout.
Payout Balances. To Seller’s Knowledge, Schedule 3.1(o) contains a complete and accurate list of the status of any “payout” balance, as of the Effective Time, for each Well that is operated by Seller and that is subject to a reversion or other adjustment at some level of cost recovery or payout (or passage of time or other event other than termination of a Lease by its terms).
