Common use of Gas Imbalances, Prepayments Clause in Contracts

Gas Imbalances, Prepayments. Except as set forth on Schedule 3.19 or on the most recently delivered Reserve Report Certificate delivered pursuant to Section 5.11, on a net basis there are no gas imbalances, take or pay or other prepayments (including pursuant to an Advance Payment Contract) which would require the Borrower or any of its Subsidiaries to deliver Hydrocarbons produced from the Oil and Gas Properties of the Loan Parties at some future time without then or thereafter receiving full payment therefor exceeding a volume equal to 5.0% of the aggregate annual production of gas from the Oil and Gas Properties of the Loan Parties for the most recent calendar year (on an mcf basis).

Gas Imbalances, Prepayments. Except as set forth on Schedule 3.19 6.24 or on the most recently delivered Reserve Report Certificate recent certificate delivered pursuant to Section 5.117.1(q), on a net aggregate basis there are no gas imbalances, take or pay or other prepayments (including pursuant to an Advance Payment Contract) which would require the Borrower or any of its the Restricted Subsidiaries to deliver Hydrocarbons produced from the their Proved Oil and Gas Properties of the Loan Parties at some future time without then or thereafter receiving full payment therefor exceeding a volume equal to 5.0the greater of (a) 500,000 mcf and (b) 2.5% of the aggregate annual production of gas from the Oil and Gas Properties of the Loan Parties for Borrower and its Restricted Subsidiaries during the most recent calendar year (on an mcf equivalent basis).

Gas Imbalances, Prepayments. Except as set forth on Schedule 3.19 7.18 or on the most recently delivered Reserve Report Certificate recent certificate delivered pursuant to Section 5.118.12(c), on a net aggregate basis there are no gas imbalances, take or pay or other prepayments (including pursuant to an Advance Payment Contract) which would require the Borrower or any of its the Restricted Subsidiaries to deliver Hydrocarbons produced from the their Proved Oil and Gas Properties of the Loan Parties at some future time without then or thereafter receiving full payment therefor exceeding a volume equal to 5.0the greater of (a) 500,000 mcf and (b) 2.5% of the aggregate annual production of gas from the Oil and Gas Properties of the Loan Parties for Borrower and its Restricted Subsidiaries during the most recent calendar year (on an mcf equivalent basis).

Gas Imbalances, Prepayments. Except as set forth on Schedule 3.19 3.23 or on the most recently delivered Reserve Report Certificate recent certificate delivered pursuant to Section 5.115.13(c), on a net basis there are no gas imbalances, take or pay or other prepayments (including pursuant to an Advance Payment Contract) which that would require the Borrower or any of its Restricted Subsidiaries to deliver Hydrocarbons produced from the Oil and Gas Properties of the Loan Parties at some future time without then or thereafter receiving full payment therefor exceeding a volume equal to 5.02% of the aggregate annual production volumes of gas from the Oil and Gas Properties Hydrocarbons (on a Mcf equivalent basis) of the Loan Parties for Borrower and its Restricted Subsidiaries listed in the most recent calendar year (on an mcf basis)Reserve Report.