Gas Imbalance a sale or utilization by Borrower or any of its Subsidiaries of volumes of natural gas in excess of its gross working interest, (b) receipt of volumes of natural gas into a gathering system and redelivery by Borrower or any of its Subsidiaries of a larger or smaller volume of natural gas under the terms of the applicable transportation agreement, or (c) delivery to a gathering system of a volume of natural gas produced by Borrower or any of its Subsidiaries that is larger or smaller than the volume of natural gas such gathering system redelivers for the account of Borrower or any of its Subsidiaries, as applicable.
Gas Imbalance. Buyer acknowledges and agrees to the following regarding gas imbalances as of the Effective Time on any of the Assets to be transferred pursuant to this Agreement:
Gas Imbalance a sale or utilization by any Loan Party or any Subsidiary of volumes of natural gas in excess of its gross working interest, (b) receipt of volumes of natural gas into a gathering system and redelivery by any Loan Party or any Subsidiary of a larger or smaller volume of natural gas under the terms of the applicable transportation agreement, or (c) delivery to a gathering system of a volume of natural gas produced by any Loan Party or any Subsidiary that is larger or smaller than the volume of natural gas such gathering system redelivers for the account of any Loan Party or any Subsidiary, as applicable. General Partner: as defined in the preamble hereto.
Gas Imbalance. Xxxxxx represents and warrants that no gas imbalances exist for the Assets, Lease(s) or Leasehold Interests.
Gas Imbalance. Borrower has no material obligations or liabilities on any contracts or agreements with respect to gas imbalances or other matters where Borrower’s oil and gas production will be substantially curtailed from the levels of production previously experienced with respect to the Oil and Gas Properties.
Gas Imbalance. 37 10.6 Xxxx-Xxxxx-Xxxxxx Act.................................38 10.7 Third-Party Consents..................................38 10.8
Gas Imbalance. Seller and Buyer acknowledge and agree to the following regarding possible gas imbalances on any of the Assets transferred by this Agreement:
(a) Gas Balance Status: Schedule 13.3(a) sets forth any gas imbalances pertaining to the Assets. Such Schedule may be revised by either party prior to the parties’ agreement on the final settlement amount.
(b) Gas Underproduction: In the event Seller is under-produced as to any well(s) located on the Assets, Buyer agrees not to hold Seller liable for such underproduction. Seller, however, agrees to assign to Buyer all of its rights to make up such underproduction.
Gas Imbalance. The Bank shall have received all information regarding material obligations or liabilities on any contracts or agreements with respect to gas imbalances of the Borrower with respect to the Oil and Gas Properties.
Gas Imbalance. The Borrower has no material obligations or liabilities on any contracts or agreements with respect to gas imbalances or other matters where the Borrower's oil end gas production will be substantially curtailed from the levels of production previously experienced.
Gas Imbalance a sale or utilization by any Loan Party of volumes of natural gas in excess of its gross working interest in such Property, (b) receipt of volumes of natural gas into a gathering system and redelivery by any Loan Party of a larger or smaller volume of natural gas under the terms of the applicable transportation agreement, or (c) delivery to a gathering system of a volume of natural gas produced by any Loan Party that is larger or smaller than the volume of natural gas such gathering system redelivers for the account of any Loan Party, as applicable.
