Production After the Effective Date Sample Clauses

Production After the Effective Date. BUYER owns all Hydrocarbons produced from the Property on and after the Effective Date. SELLER will sell on BUYER's behalf all Hydrocarbons produced from the Property between the Effective Date and the Closing Date. SELLER will credit BUYER for the proceeds of these sales as a downward adjustment to the Purchase Price, as provided in Section 6.5.3.2. Subject to any continuing sale obligations under the Related Contracts, BUYER may sell Hydrocarbons produced from the Property on and after the Closing Date as it deems appropriate.
Sample 1
AutoNDA by SimpleDocs
Production After the Effective Date. After Closing, ASSIGNEE will own all Hydrocarbons produced from or attributable to the Property on and after the Effective Date. If, however, the Effective Date precedes the Closing Date, ASSIGNOR will sell on ASSIGNEE's behalf all Hydrocarbons produced from or attributable to the Property between the Effective Date and the Closing Date, and ASSIGNOR will credit ASSIGNEE for the proceeds of these sales as an adjustment to the Purchase Price, as provided in Sections 2.2 and 2.3. Subject to any continuing sale obligations under the Related Contracts, and ASSIGNOR's preferential right to purchase Hydrocarbons as provided in Section 11.2, ASSIGNEE may sell Hydrocarbons produced from or attributable to the Property on and after the Closing Date as it deems appropriate.
Sample 1
Production After the Effective Date. BUYER owns all Hydrocarbons produced from the Property on and after the Effective Date. SELLER will sell on BUYER's behalf all Hydrocarbons produced from the Property between the Effective Date and the Closing Date. SELLER will credit BUYER for the proceeds of these sales as a downward adjustment to the Purchase Price at Closing and, as provided in Section 7.4.3. Subject to any continuing sale obligations under the Related Contracts, BUYER may sell Hydrocarbons produced from the Property on and after the Closing Date as it deems appropriate. Provided, however, that the downward adjustment to the Purchase Price shall be calculated at no less than the fair market value of such production at the time it is sold, pursuant to arms-length transactions with parties unaffiliated with the seller of the production or with SELLER.
Sample 1
Production After the Effective Date. PURCHASER will own all Hydrocarbons produced from or attributable to the Property on and after the Effective Date. If the Effective Date precedes the Closing Date, SELLER will sell on PURCHASER'S behalf all Hydrocarbons produced from or attributable to the Property between the Effective Date and the Closing Date, and SELLER will credit PURCHASER for the proceeds of these sales as an adjustment to the Purchase Price at Closing, as provided in Section 2.2. Subject to any continuing sale obligations under the Related Contracts, PURCHASER may sell Hydrocarbons produced from or attributable to the Property on and after the Closing Date as it deems appropriate.
Sample 1
Production After the Effective Date. ASSIGNEE will own all Hydrocarbons produced from the Property on and after the Effective Date. If the Effective Date precedes the Closing Date, ASSIGNOR will sell on ASSIGNEE's behalf to a third party that is unaffiliated with ASSIGNOR all Hydrocarbons produced from the Property between the Effective Date and the Closing Date, and ASSIGNOR will credit ASSIGNEE for the proceeds of these sales as an adjustment at Closing, as provided in Section 2.2. Subject to any continuing sale obligations under the Related Contracts, and ASSIGNOR's preferential right to purchase Hydrocarbons from the Property, as provided in Section 11.2, ASSIGNEE may sell Hydrocarbons produced from the Property on and after the Closing Date as it deems appropriate.
Sample 1
Production After the Effective Date. COI will own and receive the benefit of all Hydrocarbons produced from the Assets after the Effective Date. Subject to any continuing sale obligations under the Related Contracts, and SELLER's preferential right to purchase Hydrocarbons from the Assets, as provided in Section 11.1, COI may sell Hydrocarbons produced from the Assets on and after the Closing Date as it deems appropriate.
Sample 1

Related to Production After the Effective Date

  • Conditions to the Effective Date This Restatement Agreement shall become effective on and after the date on which the following conditions shall have been satisfied (the “Effective Date”):

  • Conditions Precedent to the Effective Date The occurrence of the Effective Date pursuant to Section 13.10 is subject to the satisfaction of the following conditions:

  • Tax Periods Beginning Before and Ending After the Closing Date The Company or the Purchaser shall prepare or cause to be prepared and file or cause to be filed any Returns of the Company for Tax periods that begin before the Closing Date and end after the Closing Date. To the extent such Taxes are not fully reserved for in the Company’s financial statements, the Sellers shall pay to the Company an amount equal to the unreserved portion of such Taxes that relates to the portion of the Tax period ending on the Closing Date. Such payment, if any, shall be paid by the Sellers within fifteen (15) days after receipt of written notice from the Company or the Purchaser that such Taxes were paid by the Company or the Purchaser for a period beginning prior to the Closing Date. For purposes of this Section, in the case of any Taxes that are imposed on a periodic basis and are payable for a Taxable period that includes (but does not end on) the Closing Date, the portion of such Tax that relates to the portion of such Tax period ending on the Closing Date shall (i) in the case of any Taxes other than Taxes based upon or related to income or receipts, be deemed to be the amount of such Tax for the entire Tax period multiplied by a fraction the numerator of which is the number of days in the Tax period ending on the Closing Date and the denominator of which is the number of days in the entire Tax period (the “Pro Rata Amount”), and (ii) in the case of any Tax based upon or related to income or receipts, be deemed equal to the amount that would be payable if the relevant Tax period ended on the Closing Date. The Sellers shall pay to the Company with the payment of any taxes due hereunder, the Sellers’ Pro Rata Amount of the costs and expenses incurred by the Purchaser or the Company in the preparation and filing of the Tax Returns. Any net operating losses or credits relating to a Tax period that begins before and ends after the Closing Date shall be taken into account as though the relevant Tax period ended on the Closing Date. All determinations necessary to give effect to the foregoing allocations shall be made in a reasonable manner as agreed to by the parties.

  • Effect; Effective Date Upon (i) delivery to the Agent of a duly executed Assignment Agreement, together with any consents required by Sections 12.3(a) and 12.3(b), and (ii) payment of a $3,500 fee to the Agent for processing such assignment (unless such fee is waived by the Agent), such Assignment Agreement shall become effective on the effective date specified by the Agent in such Assignment Agreement. The Assignment Agreement shall contain a representation by the Purchaser to the effect that none of the consideration used to make the purchase of the Commitment and Credit Exposure under the applicable Assignment Agreement constitutes “plan assets” as defined under ERISA and that the rights and interests of the Purchaser in and under the Loan Documents will not be “plan assets” under ERISA. On and after the effective date of such Assignment Agreement, such Purchaser shall for all purposes be a Lender party to this Agreement and any other Loan Document executed by or on behalf of the Lenders and shall have all the rights and obligations of a Lender under the Loan Documents, to the same extent as if it were an original party thereto, and the transferor Lender shall be released with respect to the Commitment and Credit Exposure assigned to such Purchaser without any further consent or action by the Borrower, the Lenders or the Agent. In the case of an Assignment Agreement covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a Lender hereunder but shall continue to be entitled to the benefits of, and subject to, those provisions of this Agreement and the other Loan Documents which survive payment of the Obligations and termination of the applicable agreement. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 12.3 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 12.2. Upon the consummation of any assignment to a Purchaser pursuant to this Section 12.3(c), the transferor Lender, the Agent and the Borrower shall, if the transferor Lender or the Purchaser desires that its Loans be evidenced by Notes, make appropriate arrangements so that new Notes or, as appropriate, replacement Notes are issued to such transferor Lender and new Notes or, as appropriate, replacement Notes, are issued to such Purchaser, in each case in principal amounts reflecting their respective Commitments, as adjusted pursuant to such assignment.

  • Contract Effective Date This agreement becomes effective when signed by the last party whose signing makes the agreement fully executed.

  • Puts Within 30 Days After Bank Closing During the thirty (30)-day period following Bank Closing and only during such period (which thirty (30)-day period may be extended in writing in the sole absolute discretion of the Receiver for any Loan), in accordance with this Section 3.4, the Assuming Institution shall be entitled to require the Receiver to purchase any Deposit Secured Loan transferred to the Assuming Institution pursuant to Section

  • Termination Effectiveness 36 Section 9.01 Termination............................................................36 Section 9.02 Effect.................................................................37 Section 9.03

  • The First Closing Date Delivery of certificates or electronic book entries, as applicable, for the Firm Shares to be subscribed for by the Underwriters and payment therefor shall be made at the offices of Xxxxxxxxx & Xxxxxxx LLP (or such other place as may be agreed to by the Company and the Representative) at 9:00 a.m. New York City time, on [—], or such other time and date not later than 1:30 p.m. New York City time, on [—] as the Representative shall designate by notice to the Company (the time and date of such closing are called the “First Closing Date”). The Company hereby acknowledges that circumstances under which the Representative may provide notice to postpone the First Closing Date as originally scheduled include, but are not limited to, any determination by the Company or the Representative to recirculate to the public copies of an amended or supplemented Prospectus or a delay as contemplated by the provisions of Section 11.

  • Conditions Precedent to the Effectiveness of this Agreement The effectiveness of this Agreement is subject to the receipt by IBM Credit of, or waiver in writing by IBM Credit of compliance with, the following conditions precedent:

  • Conditions Precedent to the Effectiveness of this Amendment This Amendment shall become effective as of the date first written above when, and only when, each of the following conditions precedent shall have been satisfied or waived (the “Amendment No. 1 Effective Date”) by the Administrative Agent:

Time is Money Join Law Insider Premium to draft better contracts faster.