Common use of Royalties, Etc Clause in Contracts

Royalties, Etc. To the Knowledge of Sellers, (A) all royalties, overriding royalties and other burdens on production due with respect to the Properties have been timely and properly paid in accordance with the applicable Leases, will be timely and properly paid, or placed in suspense pending identification of the owners thereof or their location or the resolution of title defects related thereto, and (B) all expenses relating to the ownership or operations of the Properties have been timely and properly paid or are pending payment and are within the payment terms set forth in the applicable operating agreement or other agreement concerning the Property. All revenue received by the Companies, in their capacity as operator of the Properties, for the sale of Hydrocarbons attributable to any joint working interest owner's interests in the Leases have been paid or is being held in suspense or will be timely and properly paid.

Royalties, Etc. To the Knowledge of Sellers, (A) all All royalties, overriding royalties and other burdens on production due with respect to the Properties have been timely and properly paid in accordance with the applicable Leases, will be timely and properly paid, or placed in suspense pending identification of the owners thereof or their location or the resolution of title defects related thereto, thereto and (B) all expenses relating to the ownership or operations of the Properties have been timely and properly paid or are pending payment and are within the payment terms set forth in the applicable operating agreement or other agreement concerning the Property. All revenue received by the CompaniesCompanies and the Sellers or their Affiliates, in their capacity as operator of the Properties, for the sale of Hydrocarbons attributable to any joint working interest owner's ’s interests in the Leases have been paid or is being held in suspense or will be timely and properly paid.