Common use of Payout Balances Clause in Contracts

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. Schedule 3.14 3.19 contains a list, which is complete and accurate list in all material respects, of the status of any the Payout Balance, as of the Effective Time, for each Well in which the Seller has an interest. “payoutPayout Balance” balance (net to Seller’s interest)means the status, as of the dates shown of the calculations, of the recovery by the Seller or a third party of a cost amount specified in such Schedule, for each Lease or Well that is subject the contract relating to a reversion well out of the revenue from such well where the net revenue interest of the Seller therein will be reduced or other adjustment at some level of cost recovery or payoutthe working interest therein will be increased when such amount has been recovered.

Payout Balances. To Seller’s Knowledge, Schedule 3.14 2.14 contains a list, which is complete and accurate list in all material respects, of the status of any the Payout Balance, as of the Effective Time, for each Well. “payoutPayout Balance” balance (net to Seller’s interest)means the status, as of the dates shown of the calculations, of the recovery by Seller or a third party of a cost amount specified in such Schedule, for each Lease or Well that is subject the contract relating to a reversion well out of the revenue from such well where the net revenue interest of Seller therein will be reduced or other adjustment at some level of cost recovery or payoutthe working interest therein will be increased when such amount has been recovered.

Payout Balances. Schedule 3.14 3.15 contains a complete and accurate list of the status of any “payout” balance (net to such 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.