Common use of Change of Purchasers of Production Clause in Contracts

Change of Purchasers of Production. Concurrently with the delivery of (and as part of) the annual Compliance Certificate, and at any other time that Administrative Agent may reasonably request in writing, Borrowers shall notify Administrative Agent in writing of the identity and address of each Person who: (a) has purchased any of Borrowers’ interests in oil and gas produced from the Borrowing Base Oil and Gas Properties during the six calendar months preceding such anniversary of the Closing, or (b) are considered by Borrowers to be potential future purchasers of Borrowers’ interest in oil and gas produced from the Borrowing Base Oil and Gas Properties and, if requested by Administrative Agent, shall provide Administrative Agent with Transfer Order Letters executed by Borrowers and addressed to such purchasers of production.

Appears in 2 contracts

Samples: Credit Agreement (EnerJex Resources, Inc.), Credit Agreement (EnerJex Resources, Inc.)

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Change of Purchasers of Production. Concurrently with the delivery of (and as part of) the annual Compliance Certificate, and at any other time that Administrative Agent may reasonably request in writing, Borrowers shall notify Administrative Agent in writing of the identity and address of each Person who: (a) has purchased any of Borrowers’ interests in oil and gas produced from the Borrowing Base Borrower Oil and Gas Properties during the six calendar months preceding such anniversary of the Closing, or (b) are considered by Borrowers to be potential future purchasers of Borrowers’ interest in oil and gas produced from the Borrowing Base Borrower Oil and Gas Properties and, if requested by Administrative AgentAgent at the direction of the Required Banks, shall provide Administrative Agent with Transfer Order Letters executed by Borrowers and addressed to such purchasers of production.

Appears in 1 contract

Samples: Credit Agreement (EnerJex Resources, Inc.)

Change of Purchasers of Production. Concurrently with the delivery of (and as part of) the annual Compliance Certificate, and at any other time that Administrative the Agent may reasonably request in writing, Borrowers the Borrower shall notify Administrative the Agent in writing of the identity and address of each Person who: (a) has purchased any of Borrowers’ the Borrower’s interests in oil and gas produced from the Borrowing Base Oil and Gas Properties during the six calendar months preceding such anniversary of the Closing, or and (b) are considered by Borrowers Borrower to be potential future purchasers of Borrowers’ Borrower’s interest in oil and gas produced from the Borrowing Base Oil and Gas Properties and, if requested by Administrative the Agent, shall provide Administrative the Agent with Transfer Order Letters executed by Borrowers the Borrower and addressed to such purchasers of production.

Appears in 1 contract

Samples: Credit Agreement (Gulfport Energy Corp)

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Change of Purchasers of Production. Concurrently with the delivery of (and as part of) the annual Compliance Certificate, and at any other time that the Administrative Agent may reasonably request in writing, Borrowers the Borrower shall notify the Administrative Agent in writing of the identity and address of each Person who: (a) has purchased any of Borrowers’ the Borrower’s interests in oil and gas produced from the Borrowing Base Oil and Gas Properties during the six calendar months preceding such anniversary of the Closing, or and (b) are considered by Borrowers Borrower to be potential future purchasers of Borrowers’ Borrower’s interest in oil and gas produced from the Borrowing Base Oil and Gas Properties and, if requested by the Administrative Agent, shall provide the Administrative Agent with Transfer Order Letters executed by Borrowers the Borrower and addressed to such purchasers of production.

Appears in 1 contract

Samples: Credit Agreement (Gulfport Energy Corp)

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