Suspended Royalties
Suspended Royalties. Means any amounts attributable to the Net Profits Royalties payable out of production of oil or gas from the Leases, Units and Wells or the proceeds thereof to Seller but held in suspense by any Person as of the Closing Date (regardless of whether such amounts are attributable to production for periods before, on, or after the Effective Time and any interest accrued in escrow accounts for such suspended funds.
All Definitions
Found in
AMEN PROPERTIES INC contract