Common use of AFEs Clause in Contracts

AFEs. With respect to the joint, unit or other operating agreements or operations relating to any Property, except as set forth in Schedule 3.2.9, there are no outstanding calls or payments in excess of One Hundred Thousand Dollars ($100,000) (net to Seller’s interest) under authorities for expenditures (“AFEs”) for payments relating to any Property which are due or which Seller has committed to make which have not been made or that relate to the period from and after the Effective Time.

Appears in 2 contracts

Samples: Agreement to Assign (Centennial Resource Development, Inc.), Agreement to Assign (Centennial Resource Development, Inc.)

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AFEs. With respect to the joint, unit or other operating agreements or operations relating to any Propertythe Assets, except as set forth in Schedule 3.2.96.13, there are no outstanding calls or payments in excess of One Hundred Thousand Dollars ($100,000) 100,000 (net to Seller’s interest) under authorities for expenditures (“AFEs”) for payments relating to any Property the Assets which are due or which Seller has committed to make which have not been made or that relate to the period from and after the Effective Time.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Resolute Energy Corp)

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AFEs. With respect to the joint, unit or other operating agreements or operations relating to any Propertythe Assets, except as set forth in Schedule 3.2.96.13, there are no outstanding calls or payments in excess of One Hundred Thousand Dollars ($100,000) 100,000 (net to Seller’s interest) under authorities for expenditures (“AFEs”) for payments relating to any Property the Assets which are due or which Seller has committed to make which have not been made or that relate to the period from and after the Effective Timemade.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Resolute Energy Corp)

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