Suspense Payments definition
Suspense Payments means all payments held in suspense as of the Effective Date that relate to royalties, overriding royalties, net profits interests, carried interests, production payments, reversionary interests or other burdens on or deductions from the proceeds of production of hydrocarbons from the Assets.
Examples of Suspense Payments in a sentence
In connection with the retention of the Suspense Payments by certain members of the EXCO Group, EXCO hereby assumes all of the Suspense Liabilities and agrees to discharge them as appropriate in the normal course of business.
Schedule 5.22(b) includes detailed information regarding the Suspense Payments of Related Parties and the amount of the Related Party Suspense Payments attributable to the interests of each Related Party.