Common use of Suspense Clause in Contracts

Suspense. With respect to Title Defects, alleged Title Defects or Seller’s indemnification obligations under Article VIII, Buyer may, as applicable, (i) place (or cause the applicable third-party payor of proceeds to place) any monies attributable to the portion of the affected Seller Reserved Overriding Royalty Interest in suspense pending final resolution of the underlying Title Defect (subject to the procedures in Section 2.3 (e)(ii)) or (ii) place (or cause the applicable third-party payor of proceeds to place) any monies attributable to the Seller Reserved Overriding Royalty Interest in suspense pending final resolution of the Buyer Claim under Article VIII. Without limiting the foregoing, should monies attributable to Buyer’s interest in any Unit, Well or Lease be held back or placed in suspense for any reason, Buyer may place (or cause the applicable third-party payor of proceeds to place) any monies attributable to the Seller Reserved Overriding Royalty Interest in suspense with respect to such Unit, Well or Lease.

Suspense. With respect to Title Defects, alleged Title Defects or Seller’s indemnification obligations under Article VIII, Buyer may, as applicable, (i) place (or cause the applicable third-party payor of proceeds to place) any monies attributable to the portion of the affected Seller Reserved Overriding Royalty Interest in suspense pending final resolution of the underlying Title Defect (subject to the procedures in Section 2.3 (e)(ii2.3(e)(ii)) or (ii) place (or cause the applicable third-party payor of proceeds to place) any monies attributable to the Seller Reserved Overriding Royalty Interest in suspense pending final resolution of the Buyer Claim under Article VIII. Without limiting the foregoing, should monies attributable to Buyer’s interest in any Unit, Well or Lease be held back or placed in suspense for any reason, Buyer may place (or cause the applicable third-party payor of proceeds to place) any monies attributable to the Seller Reserved Overriding Royalty Interest in suspense with respect to such Unit, Well or Lease.