Gas Balancing Agreements and Advance Payment Contracts. On the date of this Agreement, (a) there is no Material Gas Imbalance, and (b) the aggregate amount of all Advance Payments received by any Credit Party under Advance Payment Contracts which have not been satisfied by delivery of production does not exceed $500,000.
Gas Balancing Agreements and Advance Payment Contracts. On the Closing Date and the Global Effective Date, (a) there is no Material Gas Imbalance, and (b) the aggregate amount of all Advance Payments received by any Loan Party under Advance Payment Contracts which have not been satisfied by delivery of production does not exceed U.S.$250,000.
Gas Balancing Agreements and Advance Payment Contracts. (a) Incur, become or remain liable for, or permit any other Loan Party to incur, become or remain liable for, (i) any Material Gas Imbalance, or (ii) Advance Payments under Advance Payment Contracts which are to be satisfied by delivery of production in excess of $1,000,000 in the aggregate, or (b) include any production sold pursuant to an Advance Payment Contract in any Reserve Report furnished to Agent.
Gas Balancing Agreements and Advance Payment Contracts. Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, incur, become or remain liable for, or permit any of its Subsidiaries to incur, become or remain liable for, at any time (a) any Material Gas Imbalance, or (b) Advance Payments under Advance Payment Contracts which are to be satisfied by delivery of production in excess of $100,000 in the aggregate.
Gas Balancing Agreements and Advance Payment Contracts. Solely to the extent Borrower or any Restricted Subsidiary owns any working interests in any Proved Mineral Interests, except as set forth on the most recent certificate delivered pursuant to Section 8.1(c), there are no Material Gas Imbalances or Advance Payment Contracts which would require Borrower or any of its Restricted Subsidiaries to deliver Hydrocarbons produced from their Borrowing Base Properties comprised of working interests in Proved Mineral Interests at some future time without then or thereafter receiving full payment therefor exceeding one-half bcf of gas (on an mcf equivalent basis) in the aggregate; provided that to the extent any such working interests in Proved Mineral Interests owned by any Credit Party are operated by operators other than any Credit Party or an Affiliate of any Credit Party, Borrower has no knowledge of non-compliance based upon information available to Borrower from such operators.
Gas Balancing Agreements and Advance Payment Contracts. Except as set forth on Schedule 5.18, on the date of this Agreement, on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Borrower’s and its Restricted Subsidiaries’ Mineral Interests which would require the Borrower or any of its Restricted Subsidiaries to deliver, in the aggregate, five percent (5%) or more of the monthly production of Hydrocarbons produced from such Mineral Interests at some future time without then or thereafter receiving full payment therefor.
Gas Balancing Agreements and Advance Payment Contracts. On the date of this Agreement, (a) the net gas imbalances to Borrower and its Subsidiaries (considered in the aggregate) under all Gas Balancing Agreements to which Borrower or any of its Subsidiaries is a party or by which any Mineral Interest owned by Borrower or any of its Subsidiaries is bound, is not in excess of $500,000, and (b) the aggregate amount of all Advance Payments received by Borrower or any of its Subsidiaries under Advance Payment Contracts which have not been satisfied by delivery of production does not exceed $500,000.
Gas Balancing Agreements and Advance Payment Contracts. As of the Effective Date, (a) the net gas imbalance to the Borrower and PVOG (considered in the aggregate) under all Gas Balancing Agreements to which the Borrower or PVOG is a party or by which any Oil and Gas Interests owned by the Borrower or any of its Subsidiaries is bound, is not in excess of $500,000, and (b) the aggregate amount of all Advanced Payments received by the Borrower or PVOG under Advance Payment Contracts which have not been satisfied by delivery of production does not exceed $500,000.
Gas Balancing Agreements and Advance Payment Contracts. On ------------------------------------------------------ the date of this Credit Agreement but after giving effect to the Merger, (a) the net gas imbalance to Borrower and its Subsidiaries (considered in the aggregate) under all Gas Balancing Agreements to which Borrower or any of its Subsidiaries is a party or by which any Oil and Gas Interests owned by Borrower or any of its Subsidiaries is bound, is not in excess of $5,000,000, and (b) the aggregate amount of all Advanced Payments received by Borrower or any of its Subsidiaries under Advance Payment Contracts which have not been satisfied by delivery of production does not exceed $5,000,000.
Gas Balancing Agreements and Advance Payment Contracts. On ------------------------------------------------------ the date of this Agreement, (a) the net gas imbalances to Borrower and its Subsidiaries (considered in the aggregate) under all Gas Balancing Agreements to which Borrower or any of its Subsidiaries is a party or by which any Mineral Interest owned by Borrower or any of its Subsidiaries is bound, are not material, and (b) the aggregate amount of all Advance Payments received by Borrower or any of its Subsidiaries under Advance Payment Contracts which have not been satisfied by delivery of production is not material.
