Common use of Current Commitments Clause in Contracts

Current Commitments. Schedule 4.14 sets forth, as of the date of this Agreement, all authorities for expenditures or other current commitments (“AFE’s”) relating to the Conveyed Interests to drill or rework Xxxxx or for other capital expenditures that in each case will be binding upon Buyer or the Conveyed Interests after Closing, for which all of the activities anticipated in such AFE’s have not been completed by the date of this Agreement.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Exco Resources Inc)

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Current Commitments. Schedule 4.14 4.13 sets forth, as of the date of this Agreement, all authorities for expenditures or other current commitments (“AFE’sAFEs”) relating to the Conveyed Interests Assets to drill or rework Subject Xxxxx or any other well or for other capital expenditures that relating to any Asset, in each case will be binding upon Buyer or the Conveyed Interests after Closing, for which all of the activities anticipated in such AFE’s AFEs or commitments have not been completed by the date of this AgreementAgreement or which will be binding on Seller on or after the Effective Time or Buyer on or after the Closing Date.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Range Resources Corp)

Current Commitments. Schedule 4.14 3.24 sets forth, forth as of the date of this Agreement, Agreement all authorities for expenditures or other current commitments (“AFE’s”) relating to the Conveyed Interests Company’s interest in the Leases to drill or rework Xxxxx Wxxxx or for other capital expenditures that in each case will be binding upon Buyer pursuant to any of the Contracts or the Conveyed Interests after Closing, any applicable joint operating agreement for which all of the activities anticipated in such AFE’s or commitments have not been completed by the date of this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Strategic American Oil Corp)

Current Commitments. Schedule 4.14 4.13 sets forth, as of the date of this Agreement, all authorities for expenditures or other current commitments (“AFE’s”) relating to the Conveyed Interests to drill or rework Xxxxx Subject Assets or for other capital expenditures that in each case will be binding upon Buyer any of the Contributed Companies or the Conveyed Interests Subject Assets after Closing, for which all of the activities anticipated in such AFE’s have not been completed by the date of this Agreement.

Appears in 1 contract

Samples: Contribution Agreement (Exco Resources Inc)

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Current Commitments. Schedule 4.14 3.25 sets forth, forth as of the date of this Agreement, Agreement all authorities for expenditures or other current commitments (“AFE’s”) relating to the Conveyed Interests Company’s interest in the Leases to drill or rework Xxxxx or for other capital expenditures that in each case will be binding upon Buyer pursuant to any of the Contracts or the Conveyed Interests after Closing, any applicable joint operating agreement for which all of the activities anticipated in such AFE’s or commitments have not been completed by the date of this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Strategic American Oil Corp)

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