Proceeds of Production Clause Samples

Proceeds of Production. Producer shall have the sole and exclusive obligation and liability for the payment of all Persons due any proceeds derived by Producer from Producer’s Gas (including all constituents and products thereof) delivered under this Agreement, including, without limitation, royalties, overriding royalties, and similar interests, in accordance with the provisions of the leases or agreements creating those rights to such proceeds.

Proceeds of Production. Shipper shall have the sole and exclusive obligation and liability for the payment of all Persons due any proceeds derived from the Gas delivered under this Agreement, including, without limitation, royalties, overriding royalties, and similar interests, in accordance with the provisions of the leases or agreements creating those rights to proceeds. In no event will Gatherer have any obligation to those Persons due any of those proceeds of production attributable to the Gas delivered under this Agreement, Shipper hereby agrees to indemnify, defend and hold harmless Gatherer from and against any and all Losses arising out of or related to the proceeds of production attributable to the Gas delivered under this Agreement.

Proceeds of Production. Plant Supplier agrees to make (i) payment of all royalties, overriding royalties, production payments, and all other payments for interests attributable to Plant Supplier Plant Products due to any Person under any leases or other documents in accordance with the terms thereof and (ii) settlements with all other Persons having any interest attributable to Plant Supplier Plant Products.

Proceeds of Production. Borrowers shall not redirect the payment of the proceeds of production from the Oil and Gas Properties to anyone or any place other than to the Operating Accounts at the Agent.

Proceeds of Production. Shipper shall have the sole and exclusive obligation and liability for the payment of all Persons due any proceeds derived from Shipper’s Gas delivered under this Agreement, including royalties, overriding royalties, and similar interests, in accordance with the provisions of the leases or agreements creating those rights to proceeds. In no event will Gatherer have any obligation to those Persons due any of those proceeds of production attributable to Shipper’s Gas under this Agreement.

Proceeds of Production. All of the proceeds from the sale of the Company’s interest in Hydrocarbons produced from the W▇▇▇▇ (net of mineral owner royalty) are being received by the Company in a timely manner and are not being held in suspense for any reason.

Proceeds of Production. No Borrower shall redirect the payment ---------------------- of the proceeds of production from the Oil and Gas Properties to anyone or any place other than to the Lockbox Account at the Agent.

Proceeds of Production. To Seller's best knowledge, Seller is currently receiving from all purchasers of production from the Well▇ ▇▇ least the NRI set forth in Exhibit B without suspense or any indemnity other than the normal division order warranty of title, except where the failure to receive same would not have a material adverse effect on the value of the Assets.

Proceeds of Production. Proceeds of production shall be distributed, or if a Participant elects to take in kind or separately dispose of its share of all Products, Richmont shall be entitled to 70% and P▇▇▇▇▇▇▇ to 30% of all proceeds of production or all Products, as the case may be, in each case, net of all costs (i.e. net cash flow) until Richmont has recovered all its initial expenditures pursuant to section 5.2 or 5.6 as the case may be, after which time, each of Richmont and P▇▇▇▇▇▇▇ shall be entitled to their share of Products based on their respective Participating Interests. Calculations as to the amount recouped by Richmont on account of its initial maximum $10 million expenditures (or such lesser amount pursuant to section 5.6 hereof) shall be based on the London p.m. fix of gold as at each applicable delivery date. The Manager shall send each calculation to the Participants as at each such delivery date and P▇▇▇▇▇▇▇ shall have 10 days to dispute the calculation. If the other Participant shall not dispute such calculation within the said 10 day period, the other Participant shall be deemed to have accepted the one applicable calculation. If the other Participant shall dispute such calculation, the matter shall be referred to arbitration in accordance with the provisions of section 19.9. Any extra expenditure incurred in the taking in kind or separate disposition by any Participant of its proportionate share of Products shall be borne by such Participant. Nothing in this Agreement shall be construed as providing, directly or indirectly, for any joint or cooperative marketing or selling of Products or permitting the processing of Products of any parties other than the Participants at any processing facilities constructed by the Participants pursuant to this Agreement. The Manager shall give the Participants notice at least 10 days in advance of the delivery date upon which their respective share of Products will be available.