NPI Payment definition

NPI Payment means, in respect of a Month, the payment for such Month to which the NPI Holder is entitled pursuant to clause 2.3;
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NPI Payment means each payment made to Domain pursuant to Article 4.3 in consideration for Domain’s Capital Contribution.
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Examples of NPI Payment in a sentence

  • Grantor shall attend to the actual distribution of the Developed Properties NPI Payment Amount, the Remaining Properties NPI Payment Amount and the Overriding Royalty Interest Proceeds to Grantee as provided in this Conveyance.

  • Grantor shall never be obligated to pay the Developed Properties NPI Payment Amount, Remaining Properties NPI Payment Amount and Overriding Royalty Interest Proceeds (or portions thereof) to more than one Person.

  • Grantor may thereafter conclusively rely upon the authority of that Person to receive payments of the Developed Properties NPI Payment Amount, Remaining Properties NPI Payment Amount and Overriding Royalty Interest Proceeds and shall be under no further duty to inquire into the authority or performance of such Person.

  • Prior to the fifteenth day of the Month following the end of a Month, the Grantor shall pay the NPI Payment for such prior Month to the NPI Holder.

  • If the payment made by the Grantor on account of the NPI for a Month is greater than the actual amount of the NPI Payment for such Month, the Grantor will be entitled to recover the overpayment by set off against NPI Payments for subsequent Months.

  • If Deductible Production Costs for a Month exceed the NPI Revenues for such Month, there shall be no monthly NPI Payment and the amount of the excess shall be carried forward and treated as Deductible Production Costs for the following Month.

  • Each NPI Payment shall be accompanied by a statement setting forth: (i) the amount of the NPI Payment for such Month; (ii) all calculations used in determining the NPI Payment; (iii) the Production (itemized by product) sold during the Month; (iv) the Production Revenues and Residual Revenues for such Month; and (v) an itemized list of the Production Costs and Deductible Production Costs for the Month.

  • Domain shall have the continuing right and option to audit the books and records of COC covering the Contract Area after reasonable request therefore for two (2) years following the end of any Month during which Domain reasonably believes it would be entitled to receive a NPI Payment from COC.

  • For greater certainty, if the adjusted Net Project Incentive is less than the Initial NPI Payment, the Participant will repay to the LDC within 10 Business Days of such notice, an amount (for greater certainty, plus Applicable Taxes) equal to the difference between Initial NPI Payment and the adjusted Net Project Incentive.

  • Payment of the NPI Payment shall be mailed on or before 30 days after the end of the period.