- production payment
- production payment
Under Title 11 U.S.C. Section 101:(42A) The term "production payment" means a term overriding royalty satisfiable in cash or in kind—(A) contingent on the production of a liquid or gaseous hydrocarbon from particular real property; and(B) from a specified volume, or a specified value, from the liquid or gaseous hydrocarbon produced from such property, and determined without regard to production costs.
United Glossary of Bankruptcy Terms 2012.
Glossary of Bankruptcy.
Look at other dictionaries:
production payment — A right to a specified sum of money or a specified amount of minerals, payable out of an agreed share of minerals produced or of proceeds from sale of minerals. If the right must continue over the entire term of a mineral lease, it is a royalty,… … Ballentine's law dictionary
Production payment financing — A method of nonrecourse asset based financing in which a specified percentage of revenue realized from the sale of the project s output is used to pay debt service. The New York Times Financial Glossary … Financial and business terms
production payment financing — A method of nonrecourse asset based financing in which a specified percentage of revenue realized from the sale of the project s output is used to pay debt service. Bloomberg Financial Dictionary … Financial and business terms
Volumetric Production Payment - VPP — A type of structured investment that involves the owner of an oil and gas interest selling a specific volume production in that field or property. The investor receives a stated monthly quota – often in raw output, which is then marketed by … Investment dictionary
Payment for ecosystem services — Payments for Ecosystem Services (PES), also known as Payments for Environmental Services (or Benefits) broadly defined, is the practice of offering incentives to farmers or landowners in exchange for managing their land to provide some sort of… … Wikipedia
Payment on Demand — Infobox Film name = Payment on Demand image size = 200px caption = Poster for the French release director = Curtis Bernhardt producer = Jack H. Skirball Bruce Manning writer = Curtis Bernhardt Bruce Manning narrator = starring = Bette Davis Barry … Wikipedia
Single Payment Scheme — On 26 June 2003, EU farm ministers adopted a fundamental reform of the Common Agricultural Policy (CAP) and introduced a new Single payment scheme (or Single Farm Payment, SPS) for direct subsidy payments to landowners. The system of subsidy… … Wikipedia
BP America Production Co. v. Burton — Infobox SCOTUS case Litigants=BP America Production Co. v. Burton ArgueDate=October 4 ArgueYear=2006 DecideDate=December 11 DecideYear=2006 FullName=BP America Production Co., successor in interest to Amoco Production Co., et al. v. Rejane Burton … Wikipedia
E-commerce payment system — An e commerce payment system facilitates the acceptance of electronic payment for online transactions. Also known as a sample of Electronic Data Interchange (EDI), e commerce payment systems have become increasingly popular due to the widespread… … Wikipedia
E-commerce payment systems — One of the main requirements in e commerce is the ability to accept a form of electronic payment. This form of electronic payment is referred to as financial electronic data interchange (FEDI). FEDI has become increasingly popular over the last… … Wikipedia