Common use of Suspense Clause in Contracts

Suspense. Except as set forth in Exhibit 4.1(v), neither Seller nor its Affiliates hold (in escrow or otherwise) any Third Party funds in suspense with respect to production of Hydrocarbons from any of the Properties. All funds described in Exhibit 4.1(v) are being held in suspense in compliance in all material respects with applicable Law and Applicable Contracts.

Appears in 2 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Resolute Energy Corp)