Common use of Gas Balancing Agreements and Advance Payment Contracts Clause in Contracts

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 $1,000,000.

Appears in 5 contracts

Samples: Credit Agreement (Par Petroleum Corp/Co), Credit Agreement (GeoMet, Inc.), Credit Agreement (GeoMet, Inc.)

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Gas Balancing Agreements and Advance Payment Contracts. On the date of this AgreementClosing Date, (a) there is no Material Gas Imbalance, and (b) the aggregate amount of all Advance Payments received by any Credit Loan Party under Advance Payment Contracts which have not been satisfied by delivery of production does not exceed $1,000,000500,000.

Appears in 1 contract

Samples: Credit Agreement (Quest Resource Corp)

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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 $1,000,000.

Appears in 1 contract

Samples: Credit Agreement (Denbury Resources Inc)

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