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.
Appears in 2 contracts
Samples: Membership Interest Purchase Agreement (Civitas Resources, Inc.), Membership Interest Purchase Agreement (Civitas Resources, Inc.)
Payout Balances. To the Company’s Knowledge, Schedule 7.23 7.22 contains a list of the status as of the date(s) set forth in such Schedule, of any “payout” balance for the Wxxxx Xxxxx 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.
Appears in 2 contracts
Samples: Membership Interest Purchase Agreement (Callon Petroleum Co), Membership Interest Purchase Agreement (Callon Petroleum Co)
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 Xxxxx 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, list being true and correct in all material respects, assuming the accuracy of the information provided by Third Parties.
Appears in 1 contract
