Common use of Gas Imbalances, Prepayments Clause in Contracts

Gas Imbalances, Prepayments. Except as set forth on Schedule 4.22 or on the most recent certificate delivered pursuant to Section 5.13(c), to the Borrower’s knowledge, on a net basis there are no gas imbalances, take or pay or other prepayments with respect to the Loan Parties’ proved Oil and Gas Properties which would require the Loan Parties to deliver Hydrocarbons produced from their proved Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2%) of the value of the proved, developed, producing Oil and Gas Properties as set forth on the most recent Reserve Report delivered pursuant to the terms of this Agreement in the aggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 4.22 or on the most recent certificate delivered pursuant to Section 5.13(c), to the Borrower’s knowledge, on a net basis there are no gas imbalances, take or pay or other prepayments with respect to the Loan Parties’ proved Oil and Gas Properties which would require the Loan Parties to deliver Hydrocarbons produced from their proved Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two one percent (21%) of the value of the proved, developed, producing Oil and Gas Properties as set forth on the most recent Reserve Report delivered pursuant to the terms of this Agreement in the aggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 4.22 3.19 or on the most recent certificate recently delivered Reserve Report Certificate delivered pursuant to Section 5.13(c), to the Borrower’s knowledge5.11, on a net basis there are no gas imbalances, take or pay or other prepayments with respect (including pursuant to the Loan Parties’ proved Oil and Gas Properties an Advance Payment Contract) which would require the Loan Parties Borrower or any of its Subsidiaries to deliver Hydrocarbons produced from their proved the Oil and Gas Properties of the Loan Parties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2%) a volume equal to 5.0% of the value aggregate annual production of gas from the proved, developed, producing Oil and Gas Properties as set forth on of the Loan Parties for the most recent Reserve Report delivered pursuant to the terms of this Agreement in the aggregatecalendar year (on an mcf basis).