Suspended Funds definition

Suspended Funds means funds which the applicable Company is holding which are owing to third party owners of royalty, overriding royalty, working or other interests in respect of past production of oil, gas or other Hydrocarbons attributable or allocated to the Company Assets of such Company.
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Suspended Funds means those proceeds from the sale of Hydrocarbons attributable to the Assets and payable to owners of working interests, royalties, overriding royalties and other similar interests that are held by Seller in suspense as of the Closing Date including royalty proceeds held in suspense.
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Suspended Funds means proceeds of production which SM Energy is holding (including funds held in suspense for unleased interests and penalties and interest) which are owing to third party owners of royalty, overriding royalty, working, or other interests in respect of past production.
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Examples of Suspended Funds in a sentence

  • Under these circumstances, the Trustee believes that contributions that were meant to be invested in the Suspended Funds should be directed into the AEGON BlackRock Cash Fund, as this fund carries the lowest volatility amongst the Plan’s self-select funds, has a low likelihood of having trading suspended and is the most liquid (meaning funds can be invested and disinvested promptly).

  • Also included in this amount is approximately $2.25 million of Suspended Funds.

  • The Debtors estimate that, in the aggregate, $2,000,000.00 in Suspended Funds may be required to be released during the first 21 days of these Chapter 11 Cases.

  • Pursuant to the Lienholder Motion, the Debtors seek entry of interim and final orders authorizing the Debtors to pay in the ordinary course of business, (i) Operating Expenses, 6 Included in this amount is approximately $29 million of Suspended Funds.

  • Suspended Funds Applied To The Overpayment and Has a Remaining Outstanding Balance: If the suspended funds are insufficient to fully eliminate any overpayment, and the provider or supplier meets the requirements of 42 CFR section 405.379 "Limitation on Recoupment" provision under section1893(f) (2) of the Act, then the provider or supplier is subject to 935 Appeals rights and will be available for offset after 41 days on the remaining balance still owed to CMS.

  • When and to the extent the issue preventing payment of the Suspended Funds to a particular interest holder is resolved, the Debtors release the Suspended Funds in question.

  • The Debtors estimate that approximately $20 million of the outstanding Suspended Funds will be paid out over the next 12– 18 months.

  • The Suspended Funds represent amounts that are due and owing to certain Royalty Interest Holders and Working Interest Holders but are otherwise unpayable for a variety of reasons, including ongoing disputes over ownership of the underlying interest, incorrect contact information, and the delay that accompanies entering newly drilled wells into the Debtors’ accounting system.

  • The Debtors estimate that they owe approximately $13,100,000.00 (including Suspended Funds) to the Interest Owners on account of Interest Owner Payments relating to the prepetition period.5 To protect the Debtors’ valuable leasehold interests, the Debtors are requesting authority to pay all prepetition Interest Owner 5 These amounts exclude the amounts due and owing for Taxes.

  • The Debtors’ Interest Owner Payments (including Royalty Payments, Taxes, the Suspended Funds and the Gathering and Processing Charges) are calculated as the Debtors account for revenue from oil and gas production.


More Definitions of Suspended Funds

Suspended Funds means amounts that are payable by the Debtors to the owners of royalty interests, working interests, and similar interest burdens in the Debtors’ oil and gas properties or oil and gas properties operated by the Debtors, but are otherwise unpayable to such owners for a variety of reasons, including incorrect contact information, unmarketable title, and ongoing disputes over ownership of the underlying interests.
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Suspended Funds is defined in Section 5.7.
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Suspended Funds means funds which the Seller is holding as of the Closing Date which are owing to Third Party owners of royalty, overriding royalty, working or other interests in respect of past production of oil, gas or other Hydrocarbons attributable to the Seller’s Properties; provided that the “Suspended Funds” shall not include the Unleased Revenue. PURCHASE AND SALE AGREEMENT 15
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Suspended Funds is defined in Section 16(b).
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Suspended Funds. As soon as practicable after the Closing, Unocal will provide to Buyer a listing showing all proceeds from production attributable to the Leasehold Interests which are currently held in suspense and shall transfer to Buyer all of those suspended proceeds. Upon request by Buyer, Unocal shall also provide Buyer with copies of documents and other historical information with respect to such proceeds. Upon receipt of such proceeds, Buyer shall be responsible for proper distribution of all the suspended proceeds, to the extent turned over to it by Unocal, to the parties lawfully entitled to them, and hereby agrees to indemnify, defend and hold harmless Unocal from and against any and all claims, liabilities, losses, costs and expenses, arising out of or relating to those suspended proceeds to the extent turned over to it by Unocal; provided, however, that Unocal shall, for a period continuing through and until the second anniversary of the Closing, indemnify and hold Buyer harmless from and against any and all claims, liabilities, losses, costs and expenses associated with any claims against the suspended proceeds to the extent such claim exceeds the proceeds transferred to Buyer in respect of such claimant and arises solely from Unocal's actions or omissions prior to the date Buyer receives such suspended proceeds.
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Suspended Funds means amounts standing to the credit of theConfiscated Assets Special Account that is:
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Related to Suspended Funds

  • Regulated Funds means the Existing Regulated Fund, the Future Regulated Funds and the BDC Downstream Funds.

  • Related Funds means with respect to any Lender that is an Approved Fund, any other Approved Fund that is managed by the same investment advisor as such Lender or by an Affiliate of such investment advisor.

  • default fund means a default fund held by a CCP in accordance with Article 42 of Regulation (EU) No 648/2012;

  • Excluded Amounts means:

  • Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Disqualified Lenders means (i) those Persons identified by the Lead Borrower to the Commitment Parties in writing prior to the Effective Date as being “Disqualified Lenders”, (ii) those Persons who are competitors of the Lead Borrower, the Acquired Company and/or any of their Subsidiaries or Persons Controlling or Controlled by any of the foregoing, in each case, identified by the Lead Borrower to the Commitment Parties (or on and following the Effective Date, the Administrative Agent) from time to time in writing (including by email) which designation shall become effective three (3) Business Days after the delivery of each such written designation to the Administrative Agent, but which shall not apply retroactively to disqualify any persons that have previously acquired, or entered into a trade to acquire, an assignment or participation interest in the Loan and (iii) in the case of each Person identified pursuant to clauses (i) and (ii) above, any of their Affiliates (other than any such Affiliate that is primarily engaged in, or that advises funds or other investment vehicles that are engaged in, making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit or securities in the ordinary course and with respect to which the primary Disqualified Lender does not possess the power to direct or cause the direction of the investment policies of such entity referenced in clause (ii) above, unless separately identified by the Lead Borrower pursuant to clause (i) above) that are either (x) identified in writing by the Lead Borrower to the Commitment Parties (or, on and following the Effective Date, the Administrative Agent) from time to time or (y) clearly identifiable as Affiliates on the basis of such Affiliate’s name. Such list of Disqualified Lenders shall be available for inspection upon request by any Lender. Notwithstanding anything to the contrary contained in this Agreement, (a) each Borrower and the Lenders acknowledge and agree that the Administrative Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce, compliance with the provisions hereof relating to assignments or participations to a Disqualified Lender and (b) each Borrower and the Lenders agree that the Administrative Agent shall have no responsibility or obligation to determine whether any Lender or potential Lender is a Disqualified Lender and the Administrative Agent shall have no liability with respect to any assignment or participation made to a Disqualified Lender.

  • Ineligible Account means an Account that at the time of determination is not an Eligible Account.

  • Disqualified Lender has the meaning specified in Section 10.06(b)(v).

  • Related Fund means, with respect to any Lender that is an investment fund, any other investment fund that invests in commercial loans and that is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor.

  • Declined Proceeds has the meaning assigned to such term in Section 2.11(b)(v).

  • Suspension/Withdrawal Event means, in respect of the Benchmark: