Examples of NPI Payment in a sentence
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.
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.
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.
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.
The adjusted amounts shall be rounded off to the nearest dollar, except for the rates per hectare, linear metre or square metre referred to in section 7, the second paragraph of section 12, subparagraph 1 of the second paragraph of section 24, subparagraph 3 of the first paragraph of section 28 and subparagraph a of paragraph 5 of section 1 of Schedule I.
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.
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.
For each cost that you have taken into account in your calculation of the export price, provide supporting evidence or an explanation of how it was calculated and any assumptions made.
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.
Pursuant to 28 U.S.C. § 2202 and the ORRI and NPI Payment Order, the Subject Creditors seek a turnover order requiring and directing that all funds which would otherwise be paid to the holder of the Subject Interests pursuant to the ORRI and NPI Payment Order, or otherwise, be first paid to the Subject Creditors up to the amount secured by their respective Subject Privileges under applicable Louisiana law.18.