Common use of Final Settlement Statement Clause in Contracts

Final Settlement Statement. XTO Energy will prepare a final settlement statement and submit it to Buyer within one hundred and fifty (150) days after the Closing Date (the “Final Settlement Statement”). The Final Settlement Statement will deduct royalties, operating expenses, taxes, overhead, and other amounts due to XTO Energy from amounts due to Buyer as provided in this Agreement, with adjustments as necessary for items identified after Closing. XTO Energy may set off any resulting amount due to Buyer against amounts that Buyer may otherwise owe to XTO Energy or its Affiliates when the Final Settlement Statement is prepared. Buyer must respond in writing with objections and proposed corrections within thirty (30) days of receiving the Final Settlement Statement. If the Parties cannot resolve their differences within ninety (90) days of XTO Energy’s receipt of Buyer’s objections, then the alternate-dispute-resolution and arbitration procedures of Article 17 will be triggered. If Buyer does not respond to the Final Settlement Statement by signing or objecting in writing within the 30-day period, the statement will be deemed approved by Buyer. After approval of the Final Settlement Statement, XTO Energy will send a check or invoice to Buyer for the net amount. If payment is not made within thirty (30) days of Buyer’s receiving the invoice, the amount due may, at XTO Energy’s option, bear interest at a rate of twelve percent (12%) percent per annum or the maximum lawful rate, whichever is less, compounded daily from the date of Buyer’s receipt of the invoice until paid. Inquiries regarding the Final Settlement Statement must be in writing, addressed to: ExxonMobil Production Company ▇.▇. ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ Attention: Planning Department, Asset Enhancement Manager

Final Settlement Statement. XTO Energy ExxonMobil will prepare a final settlement statement and submit it to Buyer within one hundred and fifty (150) 150 days after the Closing Date (the “Final Settlement Statement”). The Final Settlement Statement will deduct royalties, operating expenses, taxes, overhead, and other amounts due to XTO Energy ExxonMobil from amounts due to Buyer as provided in this Agreement, with adjustments as necessary for items identified after Closing. XTO Energy ExxonMobil may set off any resulting amount due to Buyer against amounts that Buyer may otherwise owe to XTO Energy ExxonMobil or its Affiliates when the Final Settlement Statement is prepared. Buyer must respond in writing with objections and proposed corrections within thirty (30) 30 days of receiving the Final Settlement Statement. If the Parties cannot resolve their differences within ninety (90) 90 days of XTO EnergyExxonMobil’s receipt of Buyer’s objections, then the alternate-dispute-resolution and arbitration procedures of Article 17 will be triggered. If Buyer does not respond to the Final Settlement Statement by signing or objecting in writing within the 30-day period, the statement will be deemed approved by Buyer. After approval of the Final Settlement Statement, XTO Energy ExxonMobil will send a check or invoice to Buyer for the net amount. If payment is not made within thirty (30) 30 days of Buyer’s receiving the invoice, the amount due may, at XTO EnergyExxonMobil’s option, bear interest at a rate of twelve percent (12%) % percent per annum or the maximum lawful rate, whichever is less, compounded daily from the date of Buyer’s receipt of the invoice until paid. Inquiries regarding the Final Settlement Statement must be in writing, addressed to: ExxonMobil Production Company ▇.P.▇. ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ Attention: Planning Department, Asset Enhancement Manager

Final Settlement Statement. XTO Energy ExxonMobil will prepare a final settlement statement and submit it to Buyer within one hundred and fifty (150) 150 days after the Closing Date (the “Final Settlement Statement”)Date. The Final Settlement Statement final settlement statement will deduct royalties, operating expenses, taxes, overhead, and other amounts due to XTO Energy ExxonMobil from amounts due to Buyer as provided in this Agreement, with adjustments as necessary for items identified after Closing. XTO Energy ExxonMobil may set off any resulting amount due to Buyer against amounts that Buyer may otherwise owe to XTO Energy or its Affiliates ExxonMobil Production Company when the Final Settlement Statement final settlement statement is prepared. Buyer must respond in writing with objections and proposed corrections within thirty (30) sixty days of receiving the Final Settlement Statementfinal settlement statement. If the Parties parties cannot resolve their differences within ninety (90) days of XTO EnergyExxonMobil’s receipt of Buyer’s objections, then the alternate-dispute-resolution and arbitration procedures of Article 17 this Agreement will be triggered. If Buyer does not respond to the Final Settlement Statement final settlement statement by signing or objecting in writing within the 30sixty-day period, the statement will be deemed approved by Buyer. After approval of the Final Settlement Statementfinal settlement statement, XTO Energy ExxonMobil will send a check or invoice to Buyer for the net amount. If payment is not made within thirty (30) days of Buyer’s receiving the invoice, the amount due may, at XTO EnergyExxonMobil’s option, bear interest at a rate of twelve percent (12%) percent per annum or the maximum lawful rate, whichever is less, compounded daily from the date of Buyer’s receipt of the invoice until paid. Inquiries regarding the Final Settlement Statement final settlement statement must be in writing, addressed to: ExxonMobil Production Company ▇.▇. ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ Attention: Planning Department, Asset Enhancement Manager

Final Settlement Statement. XTO Energy ExxonMobil will prepare a final settlement statement and submit it to Buyer within one hundred and fifty (150) 150 days after the Closing Date (the “Final Settlement Statement”)Date. The Final Settlement Statement final settlement statement will deduct royalties, operating expenses, taxes, overhead, and other amounts due to XTO Energy ExxonMobil from amounts due to Buyer as provided in this Agreement, with adjustments as necessary for items identified after Closing. XTO Energy ExxonMobil may set off any resulting amount due to Buyer against amounts that Buyer may otherwise owe to XTO Energy or its Affiliates ExxonMobil Production Company when the Final Settlement Statement final settlement statement is prepared. Buyer must respond in writing with objections and proposed corrections within thirty (30) sixty days of receiving the Final Settlement Statementfinal settlement statement. If the Parties parties cannot resolve their differences within ninety (90) days of XTO EnergyExxonMobil’s receipt of Buyer’s objections, then the alternate-dispute-resolution and arbitration procedures of Article 17 this Agreement will be triggered. If Buyer does not respond to the Final Settlement Statement final settlement statement by signing or objecting in writing within the 30sixty-day period, the statement will be deemed approved by Buyer. After approval of the Final Settlement Statementfinal settlement statement, XTO Energy ExxonMobil will send a check or invoice to Buyer for the net amount. If payment is not made within thirty (30) days of Buyer’s receiving the invoice, the amount due may, at XTO EnergyExxonMobil’s option, bear interest at a rate of twelve percent (12%) percent per annum or the maximum lawful rate, whichever is less, compounded daily from the date of Buyer’s receipt of the invoice until paid. Inquiries regarding the Final Settlement Statement final settlement statement must be in writing, addressed to: ExxonMobil Production Company ▇.P.▇. ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ Attention: Planning Department, Asset Enhancement Manager