{"component": "clause", "props": {"groups": [{"size": 7, "snippet": "Accounts All moneys received, recovered or realised by a Bank by virtue of Clause 29.1 (Guarantee and Indemnity) may, in that Bank's discretion, be credited to an interest bearing suspense or impersonal account and may be held in such account for so long as such Bank thinks fit pending the application from time to time (as such Bank may think fit) of such moneys in or towards the payment and discharge of any amounts owing by the Account Party to such Bank under the Finance Documents.", "snippet_links": [{"key": "moneys-received", "type": "clause", "offset": [13, 28]}, {"key": "a-bank", "type": "clause", "offset": [55, 61]}, {"key": "guarantee-and-indemnity", "type": "clause", "offset": [88, 111]}, {"key": "interest-bearing", "type": "definition", "offset": [163, 179]}, {"key": "the-application", "type": "clause", "offset": [287, 302]}, {"key": "from-time-to-time", "type": "clause", "offset": [303, 320]}, {"key": "payment-and-discharge", "type": "clause", "offset": [383, 404]}, {"key": "amounts-owing", "type": "clause", "offset": [412, 425]}, {"key": "account-party", "type": "clause", "offset": [433, 446]}, {"key": "the-finance-documents", "type": "clause", "offset": [466, 487]}], "samples": [{"hash": "iohfTq4syWV", "uri": "/contracts/iohfTq4syWV#suspense", "label": "Letter of Credit Facility Agreement (Ace LTD)", "score": 18.0, "published": true}, {"hash": "grdPRyDltL9", "uri": "/contracts/grdPRyDltL9#suspense", "label": "Letter of Credit Facility Agreement (Ace LTD)", "score": 18.0, "published": true}, {"hash": "6q147AlXqhC", "uri": "/contracts/6q147AlXqhC#suspense", "label": "Letter of Credit Facility Agreement (Ace LTD)", "score": 18.0, "published": true}], "hash": "578769c21bb2ef878f4efa83849ef987", "id": 1}, {"size": 5, "snippet": "To the Knowledge of such Seller, proceeds from the sale of oil, condensate and gas from the Properties attributable to Target\u2019s interests in the Properties are being received in all material respects by Target in a timely manner and are not being held in suspense for any reason other than delays resulting from the issuance of division orders, transfer orders or similar documents required for newly drilled \u2587\u2587\u2587\u2587\u2587 occurring in the Ordinary Course of Business.", "snippet_links": [{"key": "knowledge-of-such-seller", "type": "definition", "offset": [7, 31]}, {"key": "sale-of", "type": "clause", "offset": [51, 58]}, {"key": "the-properties", "type": "definition", "offset": [88, 102]}, {"key": "in-all-material-respects", "type": "definition", "offset": [175, 199]}, {"key": "in-a-timely-manner", "type": "definition", "offset": [210, 228]}, {"key": "for-any-reason", "type": "clause", "offset": [264, 278]}, {"key": "the-issuance", "type": "clause", "offset": [312, 324]}, {"key": "division-orders", "type": "clause", "offset": [328, 343]}, {"key": "transfer-orders", "type": "clause", "offset": [345, 360]}, {"key": "documents-required", "type": "clause", "offset": [372, 390]}, {"key": "for-newly", "type": "clause", "offset": [391, 400]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [425, 459]}], "samples": [{"hash": "gO1IrC7qdYe", "uri": "/contracts/gO1IrC7qdYe#suspense", "label": "Interest Purchase Agreement (Energy 11, L.P.)", "score": 28.0308008214, "published": true}, {"hash": "kSWuiaoyFDE", "uri": "/contracts/kSWuiaoyFDE#suspense", "label": "Interest Purchase Agreement (Energy 11, L.P.)", "score": 26.711156742, "published": true}], "hash": "384c8e6e5efd3b517770d73eab86a6ce", "id": 2}, {"size": 2, "snippet": "With respect to Title Defects, alleged Title Defects or Seller\u2019s 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\u2019s 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.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "alleged-title-defects", "type": "clause", "offset": [31, 52]}, {"key": "indemnification-obligations", "type": "definition", "offset": [65, 92]}, {"key": "article-viii", "type": "clause", "offset": [99, 111]}, {"key": "buyer-may", "type": "definition", "offset": [113, 122]}, {"key": "the-applicable", "type": "clause", "offset": [159, 173]}, {"key": "to-place", "type": "definition", "offset": [204, 212]}, {"key": "affected-seller", "type": "definition", "offset": [260, 275]}, {"key": "overriding-royalty-interest", "type": "definition", "offset": [285, 312]}, {"key": "final-resolution", "type": "definition", "offset": [333, 349]}, {"key": "the-procedures", "type": "definition", "offset": [393, 407]}, {"key": "section-23", "type": "clause", "offset": [411, 422]}, {"key": "to-the-seller", "type": "definition", "offset": [535, 548]}, {"key": "buyer-claim", "type": "clause", "offset": [630, 641]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [662, 692]}, {"key": "to-buyer", "type": "definition", "offset": [721, 729]}, {"key": "any-unit", "type": "clause", "offset": [744, 752]}, {"key": "for-any-reason", "type": "clause", "offset": [803, 817]}, {"key": "such-unit", "type": "definition", "offset": [1003, 1012]}], "samples": [{"hash": "8ePSjXozYU", "uri": "/contracts/8ePSjXozYU#suspense", "label": "Purchase and Sale Agreement", "score": 35.5025734396, "published": true}], "hash": "81ada75157e3e9781aa4c883a98a22d1", "id": 6}, {"size": 3, "snippet": "Schedule 4.38 lists all funds held in suspense (including funds held in suspense for unleased interests) by the EXCO Subs on the Execution Date that are attributable to the Assets, a description of the source of such funds and the reason they are being held in suspense, and, if known, the name or names of the Persons claiming such funds or to whom such funds are owed.", "snippet_links": [{"key": "all-funds", "type": "clause", "offset": [20, 29]}, {"key": "execution-date", "type": "definition", "offset": [129, 143]}, {"key": "the-assets", "type": "clause", "offset": [169, 179]}, {"key": "source-of", "type": "definition", "offset": [202, 211]}, {"key": "names-of", "type": "clause", "offset": [298, 306]}, {"key": "the-persons", "type": "clause", "offset": [307, 318]}], "samples": [{"hash": "iIsUCRpaYXm", "uri": "/contracts/iIsUCRpaYXm#suspense", "label": "Membership Interest Transfer Agreement", "score": 32.305328106, "published": true}, {"hash": "7TBeB8NBT2b", "uri": "/contracts/7TBeB8NBT2b#suspense", "label": "Membership Interest Transfer Agreement", "score": 29.340862423, "published": true}, {"hash": "cnuV4nYcHYN", "uri": "/contracts/cnuV4nYcHYN#suspense", "label": "Membership Interest Transfer Agreement (Exco Resources Inc)", "score": 21.4298425736, "published": true}], "hash": "a06f7effd448450a0795b34263fcec83", "id": 3}, {"size": 2, "snippet": "Schedule 4.19 sets forth a list of all proceeds held in suspense by Noble on the date hereof that are attributable to the Leasehold Interests, a description of the source of such funds and the reason they are being held in suspense, the agreement or agreements under which such funds are being held and the name or names of the parties claiming such funds or to whom such funds are owed.", "snippet_links": [{"key": "a-list", "type": "definition", "offset": [25, 31]}, {"key": "date-hereof", "type": "clause", "offset": [81, 92]}, {"key": "leasehold-interests", "type": "clause", "offset": [122, 141]}, {"key": "source-of", "type": "definition", "offset": [164, 173]}, {"key": "agreement-or", "type": "definition", "offset": [237, 249]}, {"key": "names-of-the-parties", "type": "clause", "offset": [315, 335]}], "samples": [{"hash": "jD299n8EpKd", "uri": "/contracts/jD299n8EpKd#suspense", "label": "Purchase and Sale Agreement (Noble Energy Inc)", "score": 21.0, "published": true}, {"hash": "g1cdyWz4Fr1", "uri": "/contracts/g1cdyWz4Fr1#suspense", "label": "Purchase and Sale Agreement (Superior Energy Services Inc)", "score": 21.0, "published": true}], "hash": "a11068b658395453d48e46ea81641cdf", "id": 4}, {"size": 2, "snippet": "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.", "snippet_links": [{"key": "neither-seller", "type": "clause", "offset": [39, 53]}, {"key": "funds-in", "type": "definition", "offset": [119, 127]}, {"key": "with-respect-to", "type": "clause", "offset": [137, 152]}, {"key": "the-properties", "type": "definition", "offset": [192, 206]}, {"key": "all-funds", "type": "clause", "offset": [208, 217]}, {"key": "in-compliance", "type": "definition", "offset": [273, 286]}, {"key": "in-all-material-respects", "type": "definition", "offset": [287, 311]}, {"key": "applicable-law", "type": "clause", "offset": [317, 331]}, {"key": "applicable-contracts", "type": "clause", "offset": [336, 356]}], "samples": [{"hash": "f9Tze5wdMBt", "uri": "/contracts/f9Tze5wdMBt#suspense", "label": "Purchase and Sale Agreement", "score": 31.340862423, "published": true}, {"hash": "iQJ8wvIYYxj", "uri": "/contracts/iQJ8wvIYYxj#suspense", "label": "Purchase and Sale Agreement (Resolute Energy Corp)", "score": 28.3347022587, "published": true}], "hash": "bbe10470f7f6b6b3d851985a16eb0c06", "id": 5}, {"size": 1, "snippet": "Accounts All moneys received, recovered or realised by a Bank by virtue of Clause 26.1 (Guarantee: Principal Company) or Clause 26.3 (Guarantee: Ahold USA) or Clause 26.2 (Indemnity: Principal Company) or Clause 26.4 (Indemnity) may, in that Bank's discretion, be credited to a suspense or impersonal account and may be held in such account for so long as such Bank thinks fit pending the application from time to time (as such Bank may think fit) of such moneys in or towards the payment and discharge of any amounts owing by any of the Obligors to such Bank hereunder.", "snippet_links": [{"key": "moneys-received", "type": "clause", "offset": [13, 28]}, {"key": "a-bank", "type": "clause", "offset": [55, 61]}, {"key": "principal-company", "type": "definition", "offset": [99, 116]}, {"key": "the-application", "type": "clause", "offset": [385, 400]}, {"key": "from-time-to-time", "type": "clause", "offset": [401, 418]}, {"key": "payment-and-discharge", "type": "clause", "offset": [481, 502]}, {"key": "amounts-owing", "type": "clause", "offset": [510, 523]}, {"key": "the-obligors", "type": "clause", "offset": [534, 546]}], "samples": [{"hash": "2wNAN285BaX", "uri": "/contracts/2wNAN285BaX#suspense", "label": "Multicurrency Revolving Credit Agreement (Royal Ahold)", "score": 18.0, "published": true}], "hash": "8a83e250f2c3a47bfd12c65f1c09245f", "id": 7}, {"size": 1, "snippet": "Except as set forth on Schedule 4.1(p), proceeds from the sale of Hydrocarbons produced from or attributable to the Assets are being paid by or on behalf of Seller in compliance with the terms of the Leases, Surface Agreements and other applicable instruments and applicable Law without suspension or indemnity other than standard division order suspensions or indemnities, except as would not, individually or in the aggregate, have a Material Adverse Effect.", "snippet_links": [{"key": "on-schedule", "type": "definition", "offset": [20, 31]}, {"key": "sale-of-hydrocarbons", "type": "clause", "offset": [58, 78]}, {"key": "the-assets", "type": "clause", "offset": [112, 122]}, {"key": "of-seller", "type": "clause", "offset": [154, 163]}, {"key": "terms-of-the-leases", "type": "clause", "offset": [187, 206]}, {"key": "surface-agreements", "type": "definition", "offset": [208, 226]}, {"key": "applicable-instruments", "type": "definition", "offset": [237, 259]}, {"key": "applicable-law", "type": "clause", "offset": [264, 278]}, {"key": "division-order", "type": "clause", "offset": [331, 345]}, {"key": "in-the-aggregate", "type": "definition", "offset": [411, 427]}, {"key": "material-adverse-effect", "type": "definition", "offset": [436, 459]}], "samples": [{"hash": "ckUxwwIWm4r", "uri": "/contracts/ckUxwwIWm4r#suspense", "label": "Asset Purchase Agreement (Quicksilver Resources Inc)", "score": 19.0, "published": true}], "hash": "44f2e479a5d2dcbf2edf38b1dbd598fd", "id": 8}, {"size": 1, "snippet": "Accounts All moneys received, recovered or realised by a Bank by virtue of Clause 20.1 (Guarantee) or Clause 20.2 (Indemnity) may, in that Bank's discretion, be credited to a suspense or impersonal account and may be held in such account for so long as such Bank thinks fit pending the application from time to time (as such Bank may think fit) of such moneys in or towards the payment and discharge of any amounts owing by any of the Obligors to such Bank under any of the Finance Documents. If and when the aggregate of all moneys held on suspense or impersonal account exceeds the aggregate amount payable by the Borrower under the Finance Documents to such Bank, such Bank shall, as soon as practicable thereafter, apply any amount held in such suspense or impersonal account in satisfaction of the amounts payable by the Obligors under the Finance Documents.", "snippet_links": [{"key": "moneys-received", "type": "clause", "offset": [13, 28]}, {"key": "a-bank", "type": "clause", "offset": [55, 61]}, {"key": "the-application", "type": "clause", "offset": [282, 297]}, {"key": "from-time-to-time", "type": "clause", "offset": [298, 315]}, {"key": "payment-and-discharge", "type": "clause", "offset": [378, 399]}, {"key": "amounts-owing", "type": "clause", "offset": [407, 420]}, {"key": "the-obligors", "type": "clause", "offset": [431, 443]}, {"key": "the-finance-documents", "type": "clause", "offset": [470, 491]}, {"key": "moneys-held", "type": "clause", "offset": [526, 537]}, {"key": "amount-payable", "type": "clause", "offset": [594, 608]}, {"key": "by-the-borrower", "type": "clause", "offset": [609, 624]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [684, 706]}, {"key": "satisfaction-of", "type": "clause", "offset": [783, 798]}, {"key": "amounts-payable", "type": "definition", "offset": [803, 818]}], "samples": [{"hash": "eYclcCteQTK", "uri": "/contracts/eYclcCteQTK#suspense", "label": "Facility Agreement (Adt Limited)", "score": 18.0, "published": true}], "hash": "5d779fba2f8f73d5d4d99dccce28f2aa", "id": 9}, {"size": 1, "snippet": "Accounts All moneys received, recovered or realised by a Bank by virtue of Clause 19.1 (Parent Guarantee and Indemnity) or Clause 19.2 (Other Guarantors Guarantee and Indemnity) may, in that Bank's discretion, be credited to a suspense or impersonal account and may be held in such account for so long as such Bank thinks fit pending the application from time to time (as such Bank may think fit) of such moneys in or towards the payment and discharge of any amounts owing by an Obligor to such Bank hereunder. Each Obligor which has provided any such payment agrees that such Obligor shall have no interest in any such payment following payment whether or not such Bank has applied same and to the extent such Obligor has an interest in any such payment it grants the recipient Bank a security interest in same and in all claims in respect thereof.", "snippet_links": [{"key": "moneys-received", "type": "clause", "offset": [13, 28]}, {"key": "a-bank", "type": "clause", "offset": [55, 61]}, {"key": "guarantee-and-indemnity", "type": "clause", "offset": [95, 118]}, {"key": "other-guarantors", "type": "definition", "offset": [136, 152]}, {"key": "the-application", "type": "clause", "offset": [334, 349]}, {"key": "from-time-to-time", "type": "clause", "offset": [350, 367]}, {"key": "payment-and-discharge", "type": "clause", "offset": [430, 451]}, {"key": "amounts-owing", "type": "clause", "offset": [459, 472]}, {"key": "an-obligor", "type": "clause", "offset": [476, 486]}, {"key": "each-obligor", "type": "clause", "offset": [511, 523]}, {"key": "no-interest", "type": "clause", "offset": [596, 607]}, {"key": "to-the-extent", "type": "clause", "offset": [692, 705]}, {"key": "has-an-interest", "type": "definition", "offset": [719, 734]}, {"key": "the-recipient", "type": "definition", "offset": [765, 778]}, {"key": "bank-a", "type": "definition", "offset": [779, 785]}, {"key": "security-interest", "type": "clause", "offset": [786, 803]}, {"key": "all-claims", "type": "clause", "offset": [819, 829]}], "samples": [{"hash": "inO5khjUubm", "uri": "/contracts/inO5khjUubm#suspense", "label": "Multicurrency Revolving Loan Agreement (Gulfmark Offshore Inc)", "score": 18.0, "published": true}], "hash": "6c559dff2fd5825a1d8ad1cfc6f6b557", "id": 10}], "next_curs": "ClESS2oVc35sYXdpbnNpZGVyY29udHJhY3Rzci0LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhFzdXNwZW5zZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 33, "parents": [["guarantee-and-indemnity", "GUARANTEE AND INDEMNITY"], ["representations-and-warranties-concerning-target-nominee-and-the-properties", "REPRESENTATIONS AND WARRANTIES CONCERNING TARGET, NOMINEE AND THE PROPERTIES"], ["representations-and-warranties-of-exco", "REPRESENTATIONS AND WARRANTIES OF EXCO"], ["representations-and-warranties", "Representations and Warranties"], ["purchase-and-sale", "Purchase and Sale"]], "children": [["arrangement-fee", "Arrangement Fee"], ["agency-fee", "Agency Fee"], ["security-agency-fee", "Security Agency Fee"], ["documentation-fee", "Documentation Fee"], ["variation-of-partial", "Variation of Partial"]], "title": "Suspense", "id": "suspense", "related": [["suspense-accounts", "Suspense Accounts", "<strong>Suspense</strong> Accounts"], ["suspense-account", "Suspense account", "<strong>Suspense</strong> account"], ["segregated-accounts", "Segregated Accounts", "Segregated Accounts"], ["separate-accounts", "Separate Accounts", "Separate Accounts"], ["segregated-account", "Segregated Account", "Segregated Account"]], "related_snippets": [], "updated": "2025-07-07T16:38:45+00:00", "also_ask": ["What are the essential elements to include in a 'Suspense' clause to ensure clarity and enforceability?", "How can a 'Suspense' clause be strategically leveraged during negotiations to protect client interests?", "What are the most common risks or pitfalls associated with poorly drafted 'Suspense' clauses?", "How do courts typically interpret and enforce 'Suspense' clauses in contract disputes?", "How does the 'Suspense' clause compare to similar provisions, such as 'Condition Precedent' or 'Standstill' clauses, in terms of legal effect and risk allocation?"], "drafting_tip": "Specify the conditions triggering suspense to prevent uncertainty; define the duration and consequences to ensure enforceability and clarity.", "explanation": "A suspense clause establishes a temporary pause or delay in the performance of certain contractual obligations until a specified event or condition occurs. In practice, this means that one or both parties are not required to fulfill their duties under the contract until the triggering event\u2014such as regulatory approval, delivery of goods, or completion of a milestone\u2014takes place. The core function of a suspense clause is to manage risk and provide clarity by ensuring that obligations are only enforceable when certain prerequisites are met, thereby protecting parties from premature performance or liability."}, "json": true, "cursor": ""}}