Common use of Gas Imbalances, Prepayments Clause in Contracts

Gas Imbalances, Prepayments. On a net basis there are no gas imbalances, take-or-pay or other prepayments that would require the Company or any of its subsidiaries to deliver Hydrocarbons produced from the Oil and Gas Properties 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, other than as would not result in a Material Adverse Effect.

Appears in 5 contracts

Samples: Purchase Agreement (Clayton Williams Energy Inc /De), Purchase Agreement (Clayton Williams Energy Inc /De), Purchase Agreement (Clayton Williams Energy Inc /De)

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Gas Imbalances, Prepayments. On a net basis there are no gas imbalances, take-or-pay or other prepayments that would require the Company or any of its subsidiaries the Subsidiaries to deliver Hydrocarbons hydrocarbons produced from the Oil oil and Gas Properties gas properties 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, other than as would not result in a Material Adverse Effect.

Appears in 4 contracts

Samples: Purchase Agreement (Energy Xxi (Bermuda) LTD), Purchase Agreement (Energy XXI LTD), Purchase Agreement (Energy Xxi (Bermuda) LTD)

Gas Imbalances, Prepayments. On Except as set forth on Schedule 8.26, on a net basis there are no gas imbalances, take-or-take or pay or other prepayments that which would require the Company any Obligor or any of its subsidiaries Subsidiary to deliver Hydrocarbons produced from the Oil and Gas Properties 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, other than as would not result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Note Purchase Agreement (Glori Energy Inc.), Note Purchase Agreement (Glori Energy Inc.)

Gas Imbalances, Prepayments. On a net basis there are no gas imbalances, take-or-take or pay or other prepayments that which would require the Company or any of its subsidiaries to deliver Hydrocarbons produced from the Oil oil and Gas Properties gas properties 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, other than as would not result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Registration Rights Agreement (Northern Oil & Gas, Inc.), Exchange Agreement (TRT Holdings Inc)

Gas Imbalances, Prepayments. On a net basis there are no gas imbalances, take-or-pay or other prepayments that which would require the Company or any of its subsidiaries to deliver Hydrocarbons hydrocarbons produced from the Oil and Gas Properties 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, other than as would not result in a Material Adverse Effecttherefor.

Appears in 2 contracts

Samples: Securities Purchase Agreement (New Century Energy Corp.), Securities Purchase Agreement (New Century Energy Corp.)

Gas Imbalances, Prepayments. On a net basis there are no gas imbalances, take-or-pay or other prepayments that would require the Company or any of its subsidiaries to deliver Hydrocarbons produced from the Oil and Gas Properties 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, other than as disclosed in the CIM or as would not result in a Material Adverse Effect.

Appears in 1 contract

Samples: Regulation D Purchase Agreement (Energy Xxi (Bermuda) LTD)

Gas Imbalances, Prepayments. On a net basis there There are no gas imbalances, take-or-take or pay or other prepayments that (or any volumetric production payments) which would require the Company Borrowers or any of its subsidiaries their Subsidiaries to deliver Hydrocarbons produced from the Oil and Gas Properties 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, other than as would not result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Kosmos Energy Ltd.)

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Gas Imbalances, Prepayments. On a net basis there are no gas imbalances, take-or-pay or other prepayments that would require the Company or any of its subsidiaries to deliver Hydrocarbons produced from the Oil and Gas Properties 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, other than as disclosed or to be disclosed in the CIM or as would not result in a Material Adverse Effect.

Appears in 1 contract

Samples: Regulation S Purchase Agreement (Energy Xxi (Bermuda) LTD)

Gas Imbalances, Prepayments. On a net basis there are no gas imbalances, take-or-take or pay or other prepayments that which would require the either Company or any of its subsidiaries to deliver Hydrocarbons hydrocarbons produced from the Oil and Gas Properties 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, other than as would not result in a Material Adverse Effecttherefor.

Appears in 1 contract

Samples: Securities Purchase Agreement (True North Energy CORP)

Gas Imbalances, Prepayments. On a net basis there are no gas imbalances, take-or-pay or other prepayments that would require the Company Parent or any of its subsidiaries to deliver Hydrocarbons produced from the Oil and Gas Properties 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, other than as disclosed in the CIM or as would not result in a Material Adverse Effect.

Appears in 1 contract

Samples: Note and Common Stock Purchase Agreement (Energy Xxi (Bermuda) LTD)

Gas Imbalances, Prepayments. On a net basis there are no gas imbalances, take-or-take or pay or other prepayments that which would require the Company Borrower or any of its subsidiaries Subsidiary to deliver Hydrocarbons produced from the Oil and Gas Properties of the Borrower and its Subsidiaries at some future time without then or thereafter receiving full payment therefor exceeding one-half bcf a volume equal to 1% of gas the total proved reserves (on an mcf equivalent basis) set forth in the most recently delivered Reserve Report in the aggregate, other than as would not result in a Material Adverse Effect.

Appears in 1 contract

Samples: Secured Term Credit Agreement (PetroShare Corp.)

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