Common use of Payout Balances Clause in Contracts

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 5.1(u), (i) identifies those Xxxxx that5.21 contains a complete list of the status of any “payout” balance, as of the date hereofdates shown in such Schedule, are with respect to Xxxxx subject to a reversion or other adjustment at some level of cost recovery or payout and (ii) to Seller’s Knowledge, the status or passage of the “payout” balances with respect to each such Well as time or other event other than termination of such datea Lease by its terms).