AFEs. Schedule 6.01(o) contains a true and correct list as of the Effective Time of all material authorities for expenditures (collectively, “AFEs”) to drill or rework Xxxxx or for capital expenditures with respect to the Assets that have been proposed by any Person having authority to do so other than internal AFEs of Seller not delivered to Third Parties. For the purposes of this Section 6.01(o), an AFE shall be material if, net to Seller’s interest, such AFE exceeds $37,500 and such AFE is (or was as of the Effective Time) valid and outstanding.
Appears in 3 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Gastar Exploration USA, Inc.), Purchase and Sale Agreement (Cubic Energy Inc)
AFEs. Schedule 6.01(o4.01(o) contains a true and correct list as of the Effective Time date of this Agreement of all material authorities authorizations for expenditures (collectively, “AFEs”) to drill or rework Xxxxx or for capital expenditures with respect to the Assets that have been proposed by any Person having authority to do so other than internal AFEs of Seller not delivered to Third Parties. For the purposes of this Section 6.01(o4.01(o), an AFE shall be material if, net to Seller’s interest, such AFE exceeds $37,500 100,000 and such AFE is (or was as of the Effective Time) valid and outstanding.
Appears in 2 contracts
Samples: Asset Purchase Agreement, Asset Purchase Agreement (Atp Oil & Gas Corp)
AFEs. Schedule 6.01(o5.01(n) contains a true and correct list as of the Effective Time Execution Date of all material authorities for expenditures (collectively, “AFEs”) to drill or rework Xxxxx or for capital expenditures with respect to the Assets that have been proposed by any Person having authority to do so other than internal AFEs of Seller not delivered to Third Parties. For the purposes of this Section 6.01(o5.01(n), an AFE shall be material if, net to Seller’s interest, such AFE exceeds Fifty Thousand Dollars ($37,500 50,000.00) and such AFE is (or was as of the Effective TimeExecution Date) valid and outstanding.
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AFEs. Schedule 6.01(o6.01(n) contains a true and correct list as of the Effective Time of all material authorities for expenditures (collectively, “AFEs”) to drill or rework Xxxxx or for capital expenditures with respect to the Assets that have been proposed by any Person having authority to do so other than internal AFEs of Seller not delivered to Third Parties. For the purposes of this Section 6.01(o6.01(n), an AFE shall be material if, net to Seller’s interest, such AFE exceeds $37,500 25,000 and such AFE is (or was as of the Effective Time) valid and outstanding.
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