production payment

(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.

Source

11 USC § 101(42A)


Scoping language

None identified. Default scope is assumed to be the entire title.
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