Future Commitments. As of the Closing Date, on a net basis there are no material gas imbalances, take-or-pay or other prepayments with respect to any Oil and Gas Property of the Borrower or any Subsidiary that would require the Borrower or any Subsidiary to deliver Hydrocarbons produced from Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.
Appears in 5 contracts
Samples: Second Lien Credit Agreement (Atp Oil & Gas Corp), First Lien Credit Agreement (Atp Oil & Gas Corp), Unsecured Subordinated Credit Agreement (Atp Oil & Gas Corp)
Future Commitments. As of the Closing Restatement Date, on a net basis there are no material gas imbalances, take-or-pay or other prepayments with respect to any Oil and Gas Property of the Borrower or any Subsidiary that would require the Borrower or any Subsidiary to deliver Hydrocarbons produced from Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.
Appears in 3 contracts
Samples: Credit Agreement (Atp Oil & Gas Corp), Credit Agreement (Atp Oil & Gas Corp), Credit Agreement (Atp Oil & Gas Corp)
Future Commitments. As of the date hereof and as of the Closing Date, except as set forth on Schedule 5.20, on a net basis there are no material gas imbalances, take-or-pay or other prepayments with respect to any Oil and Gas Property of the Borrower or any Restricted Subsidiary that which would require the Borrower or any Restricted Subsidiary to deliver Hydrocarbons produced from Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.
Appears in 2 contracts
Samples: Credit Agreement (Westport Finance Co), Credit Agreement (Westport Resources Corp /Nv/)
Future Commitments. As of the date hereof and as of the Closing Date, except as set forth on Schedule 5.20, on a net basis there are no material gas imbalances, take-or-pay or other prepayments with respect to any Oil and Gas Property of the Borrower or any Restricted Subsidiary that which would require the Borrower or any Restricted Subsidiary to deliver Hydrocarbons produced from Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.
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Future Commitments. As of the Closing Date, except as set forth on Schedule 5.19, on a net basis there are no material gas imbalances, material take-or-pay or other prepayments with respect to any the Oil and Gas Property Properties of any Loan Party (or, in the Borrower or any Subsidiary that case of Oil and Gas Properties operated by operators other than a Borrower, to the Borrowers’ knowledge after reasonable investigation) which would require the Borrower or any Subsidiary such Loan Party to deliver Hydrocarbons produced from Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.
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Future Commitments. As of the Closing date hereof and as of the Restatement Effective Date, except as set forth on Schedule 5.20, on a net basis there are no material gas imbalances, take-or-or- pay or other prepayments with respect to any Oil and Gas Property of the Borrower or any Restricted Subsidiary that which would require the Borrower or any Restricted Subsidiary to deliver Hydrocarbons produced from Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.
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Future Commitments. As of the Closing Date, except as set forth on Schedule 5.24, on a net basis there are no material gas imbalances, take-or-pay or other prepayments with respect to any Oil and Gas Property of the Borrower or any Subsidiary that which would require the Borrower or any Subsidiary to deliver Hydrocarbons produced from Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.
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Future Commitments. As of the Closing Date, except as set forth on Schedule 5.19, on a net basis there are no material gas imbalances, material take-or-pay or other prepayments with respect to any the Oil and Gas Property Properties of any Loan Party (or, in the Borrower or any Subsidiary that case of Oil and Gas Properties operated by operators other than the Borrower, to the Borrower’s knowledge after reasonable investigation) which would require the Borrower or any Subsidiary such Loan Party to deliver Hydrocarbons produced from Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.
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