Common use of Payout Balances Clause in Contracts

Payout Balances. To Seller’s knowledge, Schedule 6.01(p) contains a complete and accurate list of the status of any “payout” balance, as of the Effective Time, for the ▇▇▇▇▇ and Units 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).

Appears in 2 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Linn Energy, LLC)

Payout Balances. To such Seller’s knowledgeKnowledge, Schedule 6.01(p) contains a complete and accurate list of the status of any “payout” balance, as of the Effective Timedate set forth in Schedule 6.01(p), for the ▇▇▇▇▇ and Units 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)) in which such Seller owns an interest.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Athlon Energy Inc.), Purchase and Sale Agreement (Athlon Energy Inc.)