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

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.

Appears in 2 contracts

Samples: Credit Agreement (Quicksilver Resources Inc), Credit Agreement (Quicksilver Resources Inc)

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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 Credit Party under Advance Payment Contracts which have not been satisfied by delivery of production does not exceed U.S.$250,000$500,000.

Appears in 1 contract

Samples: Credit Agreement (Quest Resource Corp)

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Gas Balancing Agreements and Advance Payment Contracts. On As of 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 Borrower and its Subsidiaries and the other Obligated Parties under Advance Payment Contracts which have not been satisfied by delivery of production does not exceed U.S.$250,000$25,000.

Appears in 1 contract

Samples: Credit Agreement (Victory Energy Corp)

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