Payout Status Sample Clauses
The Payout Status clause defines the current state or progress of a payment or disbursement under an agreement. It typically outlines whether a payment has been initiated, is pending, completed, or delayed, and may specify the conditions or triggers for each status. For example, it can indicate that funds will be released upon delivery of goods or after approval of a milestone. This clause ensures transparency and clarity regarding when and how payments are processed, helping both parties track obligations and reducing disputes over payment timing.
Payout Status. To Seller’s Knowledge, Schedule 4.19 sets forth the payout status as of the date set forth in such Schedule of each Well and Lease subject to a reversion or other adjustment at some level of cost recovery or payout.
Payout Status. Set forth on Schedule 5.27 is a list of each Well in which Seller’s interest will change upon payout pursuant to a Contract or force pooling order. Seller has furnished Buyer with Seller’s most current payout calculations relating to such ▇▇▇▇▇.
Payout Status. To such Seller’s knowledge, Schedule 5.25 contains a true and correct list of the status of any “payout” balance (net to the interest of such Seller), as of the dates set forth on Schedule 5.25, for each Well that is subject to a reversion or other adjustment at some level of cost recovery or payout.
Payout Status. To SM’s Knowledge, Schedule 1.12 lists the payout status as of the date set forth in such Schedule of each Well that constitutes a part of the Assets and is subject to a reversion or other adjustment at some level of cost recovery or payout.
Payout Status. To Seller’s Knowledge, Schedule 3.27 contains a true and correct list of the status of any “payout” balance (net to the interest of Seller), as of the dates set forth on Schedule 3.27, for each Well that is subject to a reversion or other adjustment at some level of cost recovery or payout.
Payout Status. To EXCO’s Knowledge, Schedule 4.12 contains a list of the status of any “payout” balance, as of the date set forth on such Schedule, for the ▇▇▇▇▇ subject to a reversion or other adjustment at some level of cost recovery or payout (or passage of time or other event other than termination of a Lease by its terms).
Payout Status. Except as set forth in Schedule 3.13 of the Company Disclosure Schedules (or as reflected in the “APO” or “BPO” interests in the Company Reserve Report), to the Company’s Knowledge, as of the Execution Date, no material operations are being conducted or have been conducted with respect to the Oil and Gas Leases and ▇▇▇▇▇ of any Group Company as to which such Group Company has elected (or is deemed to have elected) to be a non-consenting party under the terms of the applicable operating agreement or other applicable agreement and with respect to which all of such Group Company’s rights have not yet reverted.
Payout Status. To the knowledge of Yuma, Section 4.31 of the Yuma Disclosure Schedule sets forth the payout status as of the date hereof of each well or other Oil and Gas Interests subject to a reversion or other adjustment at some level of cost recovery or payout and, for each such well or Oil and Gas Interests, the before payout and after payout net revenue interest and working interest amounts.
Payout Status. To the knowledge of the Company, Section 5.27 of the Company Disclosure Schedule sets forth the payout status as of the date set forth in such Section of the Company Disclosure Schedule of each well or other Oil and Gas Interests subject to a reversion or other adjustment at some level of cost recovery or payout and, for each such well or Oil and Gas Interests, the before payout and after payout net revenue interest and working interest amounts.
Payout Status. The Second Tranche Disclosure of Schedule 11.1(t) is hereby deleted in its entirety and replaced with Schedule 11.1(t) – Second Tranche attached to this Second Amendment.