Common use of Commitments for Expenditures Clause in Contracts

Commitments for Expenditures. Except as set forth on Schedule E there are no outstanding authorities for expenditures (AFE’s) which Seller has received from a third party operator, but has not responded to.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Forest Oil Corp), Purchase and Sale Agreement (Sandridge Energy Inc)

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Commitments for Expenditures. Except as set forth on Schedule E there are no (a) outstanding authorities for expenditures (AFE’s) which Seller has received from a third party operator, but to which Seller has not responded toand (b) other written commitments or proposals to conduct operations with respect to the Assets which exceed one hundred thousand dollars ($100,000).

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Forest Oil Corp)

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