Common use of Gas Imbalances Clause in Contracts

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Oil and Gas Properties which would require any such Obligors to deliver, in the aggregate, five percent (5%) or more of the monthly production of Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving fall payment therefor.

Gas Imbalances. As of the Closing Date, except Except as set forth on Schedule 7.24 7.23 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Borrower's Oil and Gas Properties which would require any such Obligors the Borrower to deliver, in the aggregate, five percent (5%) or more of the monthly quarterly production of from Hydrocarbons produced from their the Borrower's Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefor.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.23 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Oil and Gas Properties which would require any such the Obligors to deliver, in the aggregate, five percent (5%) or more of the monthly production of from Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving fall payment therefor.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.22 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Oil and Gas Properties which would require any such Obligors to deliver, in the aggregate, five percent (5%) or more of the monthly production delivery of Hydrocarbons produced from their the Oil and Gas Properties at some future time without the Borrower or a Restricted Subsidiary then or thereafter receiving fall full payment therefortherefor exceeding $1,000,000 in the aggregate.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.23 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Borrower's Oil and Gas Properties which would require any such Obligors the Borrower to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefortherefor exceeding one billion cubic feet of gas in the aggregate.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.22 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Oil and Gas Properties which would require any such Obligors to deliver, in the aggregate, five percent (5%) or more of the monthly production delivery of Hydrocarbons produced from their the Oil and Gas Properties at some future time without the Borrower or another Restricted Subsidiary then or thereafter receiving fall full payment therefortherefor exceeding $1,000,000 in the aggregate.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.23 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to the Borrower's or any of the Obligors’ Restricted Subsidiary's Oil and Gas Properties which would require any the Borrower or such Obligors Restricted Subsidiary to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefortherefor exceeding one billion cubic feet of gas in the aggregate.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ ' Oil and Gas Properties which would require any such Obligors to deliver, in the aggregate, five percent (5%) or more of the monthly production of Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving fall payment therefor.

Gas Imbalances. As of the Closing Datedate of this Agreement, except as set forth on in Schedule 7.24 4.14 or on the most recent certificate delivered pursuant to Section 8.07(c5.10(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Borrower's Oil and Gas Properties which would require any such Obligors the Borrower to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefortherefor exceeding a market value of $100,000 in the aggregate.

Gas Imbalances. As of On the Closing Date, except as set forth on Schedule 7.24 or on 8.17, and thereafter, except as set forth in the most recent recently delivered certificate delivered pursuant to under Section 8.07(c9.14(c), on a net basis basis, there are no gas imbalances, take or pay or other prepayments exceeding 2.5% of the Credit Parties’ average monthly production of Hydrocarbon volumes, with respect to any of the ObligorsCredit Parties’ Oil and Gas Properties which that would require any such Obligors Credit Party to deliver, in the aggregate, five percent (5%) deliver Hydrocarbons either generally or more of the monthly production of Hydrocarbons produced from their Oil and Gas Borrowing Base Properties at some future time without then or thereafter receiving fall full payment therefor.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 or on the most recent certificate delivered pursuant to Section 8.07(c)7.23, on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ ' Oil and Gas Properties which would require any such the Obligors to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefortherefor exceeding 500,000,000 cubic feet of gas in the aggregate.

Gas Imbalances. As of the Closing Date, except as set -------------- forth on Schedule 7.24 7.23 or on the most recent certificate delivered pursuant to ------------- Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ ' Oil and Gas Properties which would require any such the Obligors to deliver, in the aggregate, five percent (5%) or more of the monthly production of from Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefor.

Gas Imbalances. As of the Fifth Amendment Closing Date, except as set forth on Schedule 7.24 7.22 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Oil and Gas Properties which would require any such Obligors to deliver, in the aggregate, five percent (5%) or more of the monthly production delivery of Hydrocarbons produced from their the Oil and Gas Properties at some future time without the Borrower or another Restricted Subsidiary then or thereafter receiving fall full payment therefortherefor exceeding $1,000,000 in the aggregate.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 or 7.22 on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ ' Oil and Gas Properties which would require any such the Obligors to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefortherefor exceeding 500,000,000 cubic feet of gas in the aggregate.

Gas Imbalances. As of the Closing Effective Date, except as set forth on Schedule 7.24 7.22 or on the most recent certificate delivered pursuant to Section 8.07(c8.05(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ OEI and its Restricted Subsidiaries' Oil and Gas Properties which would require any OEI or such Obligors Subsidiary to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall substantially full payment therefortherefor exceeding 10,000,000 mcf of gas in the aggregate.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.23 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Borrower's Oil and Gas Properties which would require any such Obligors the Borrower to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefortherefor exceeding 300,000,000 cubic feet of gas in the aggregate.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.21 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Borrower's Oil and Gas Properties which would require any such Obligors the Borrower to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefortherefor exceeding 5,000,000 mcf of gas in the aggregate.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.22 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ QSRD and its Subsidiaries' Oil and Gas Properties which would require any such Obligors Person to deliver, in the aggregate, five percent (5%) either make cash settlements for such production or more of the monthly production of deliver Hydrocarbons produced from their such Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefortherefor exceeding five percent (5%) of the then current monthly production of gas from the Oil and Gas Properties of QSRD and its Subsidiaries in the aggregate.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.22 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Parent Company, the Borrower's and its Subsidiaries' Oil and Gas Properties which would require any such Obligors Person to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefortherefor exceeding 4,000 mcf of gas in the aggregate.

Gas Imbalances. As of the Closing Date, except for the Override and as set forth on Schedule 7.24 or on the most recent certificate delivered pursuant to Section 8.07(c)7.22, on a net basis basis, there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Borrower's Oil and Gas Properties which would require any such Obligors Borrower to deliver, in the aggregate, five percent (5%) or more of the monthly quarterly production of from Hydrocarbons produced from their Borrower's Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefor.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Oil and Gas Properties which would require any such the Obligors to deliver, in the aggregate, five percent (5%) or more of the monthly production of from Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving fall payment therefor.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.21 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Borrower's and its Restricted Subsidiaries' Oil and Gas Properties which would require any such Obligors the Borrower to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefortherefor exceeding 5,000,000 mcf of gas in the aggregate.

Gas Imbalances. As of the Closing Date, except as set --------------- forth on Schedule 7.24 7.23 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Borrower's Oil and Gas Properties which would require any such Obligors the Borrower to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefortherefor exceeding one and one-half million mcf of gas in the aggregate.

Gas Imbalances. As of the Closing Date, except Except as set forth on Schedule 7.24 7.23 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Borrower's Oil and Gas Properties which would require any such Obligors the Borrower to deliver, in the aggregate, five two percent (52%) or more of the monthly production of Hydrocarbons produced from their the Borrower's Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefor.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.23 or on the most recent certificate delivered pursuant to Section 8.07(c)) of the Credit Agreement, on a net basis there are no gas imbalances, take or pay or other prepayments with respect to the Borrower's or any of the Obligors’ Restricted Subsidiary's Oil and Gas Properties which would require any the Borrower or such Obligors Restricted Subsidiary to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefortherefor exceeding one billion cubic feet of gas in the aggregate.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.23 or on the most recent certificate Reserve Report Certificate delivered pursuant to Section 8.07(c8.07(b), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ an Obligor's or a Subsidiary's Oil and Gas Properties which would require any such the Obligors and the Subsidiaries to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefortherefor exceeding 2.5 Bcfe of gas in the aggregate.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.22 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Oil and Gas Properties which would require any such the Obligors to deliver, in the aggregate, five percent (5%) or more of the monthly production of from Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefor.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.17 or on the most recent certificate delivered pursuant to Section 8.07(c8.05(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Oil and Gas Properties which would require any such Obligors the Borrower to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefortherefor exceeding 500,000 mcf of gas in the aggregate.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.23 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Borrower's Oil and Gas Properties which would require any such Obligors the Borrower to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefortherefor exceeding ________ cubic feet of gas in the aggregate.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.23 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Oil and Gas Properties which would require any such Obligors the Borrower to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefor.

Gas Imbalances. As of the Closing Date, except as set forth on Schedule 7.24 7.23 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to the Borrower's or any of the Obligors’ Restricted Subsidiary's Oil and Gas Properties which would require any the Borrower or such Obligors Restricted Subsidiary to deliver, in the aggregate, five percent (5%) or more of the monthly production of deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving fall full payment therefortherefor exceeding two hundred fifty million cubic feet of gas in the aggregate.