Common use of Proceeds of Production Clause in Contracts

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.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Hs Resources Inc)

Proceeds of Production. To Seller's best knowledge, Seller is currently receiving from all purchasers of production from the Well▇ ▇▇ Assets at 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 nonreceipt of which would not have a material adverse effect on the value of the Assets.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Houston Exploration Co)