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.
Appears in 3 contracts
Samples: Credit Agreement (Encore Acquisition Co), Credit Agreement (Encore Acquisition Co), Subordinated Credit Agreement (Encore Energy Partners LP)
Gas Balancing Agreements and Advance Payment Contracts. Except as set forth on Schedule 5.185.20, 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 Subsidiariesthe other Loan Parties’ Mineral Interests which would require the Borrower or any of its Restricted Subsidiaries the other Loan Parties 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.
Appears in 2 contracts
Samples: Credit Agreement (Tapstone Energy Inc.), Credit Agreement (Tapstone Energy Inc.)
