Advance Payment Contract means any contract whereby any Credit Party either (a) receives or becomes entitled to receive (either directly or indirectly) any payment (an “Advance Payment”) to be applied toward payment of the purchase price of Hydrocarbons produced or to be produced from Oil and Gas Interests owned by any Credit Party and which Advance Payment is, or is to be, paid in advance of actual delivery of such production to or for the account of the purchaser regardless of such production, or (b) grants an option or right of refusal to the purchaser to take delivery of such production in lieu of payment, and, in either of the foregoing instances, the Advance Payment is, or is to be, applied as payment in full for such production when sold and delivered or is, or is to be, applied as payment for a portion only of the purchase price thereof or of a percentage or share of such production; provided that inclusion of the standard “take or pay” provision in any gas sales or purchase contract or any other similar contract shall not, in and of itself, constitute such contract as an Advance Payment Contract for the purposes hereof.

Advance Payment Contract means any take-or-pay or similar contract whereby Borrower or any of its Subsidiaries agrees to accept a defined payment (whether at the time the contract is entered into or in the future) as payment-in-full for the purchase of present or future production of Hydrocarbons from its Oil and Gas Properties (each, an “Advance Payment”) and to deliver such Hydrocarbons at some future time without then or thereafter receiving full payment therefor at the prevailing market price for such Hydrocarbons as of the date of delivery thereof.

Advance Payment Contract means a contract entered into by the authority, as defined in subsection (2) of this section, and a purchaser in connection with the prepaid postsecondary education expense program as authorized in section 23-3.1-206.7.

Examples of Advance Payment Contract in a sentence

Grantor is not a party to any Advance Payment Contract affecting or relating to any of the Subject Interests not heretofore disclosed to Beneficiary in writing.
Clearly there is a core emphasis on branding, identity, promotion and image along with implementing key signature events to attract more and a different visitor to spend more money in the area.
None of the Credit Parties will enter into or be a party to any Advance Payment Contract with respect to any Properties.
Except as set forth on Schedule 7.16 or on the most recent certificate delivered pursuant to Section 8.11(c) or as otherwise disclosed in writing to the Administrative Agent, the Borrower and its Restricted Subsidiaries are not a party to, and none of their Properties are subject to, any Advance Payment Contract.
No Oil and Gas Property is subject to any Advance Payment Contract or any contract whereby payments are made to any Credit Party other than by checks, drafts, wire transfer advices or other similar writings, instruments or communications for the immediate payment of money.

More Definitions of Advance Payment Contract

Advance Payment Contract means any contract whereby Borrower or any Subsidiary of Borrower either (a) receives or becomes entitled to receive (either directly or indirectly) any payment (an "Advance Payment") to be applied toward payment of the purchase price of Hydrocarbons produced or to be produced from Mineral Interests owned by Borrower or any Subsidiary of Borrower and which Advance Payment is paid or to be paid in advance of actual delivery of such production to or for the account of the purchaser regardless of such production, or (b) grants an

Advance Payment Contract means a contract entered into by the board and a purchaser pursuant to this section.

Advance Payment Contract means a contract entered into by the board and a purchaser pursuant to s. 1009.98.

Advance Payment Contract means a contract entered into by the

Advance Payment Contract means any contract whereby the Borrower or any of its Subsidiaries either (a) receives or becomes entitled to receive

Advance Payment Contract means a contract entered into by 11