Common use of Gas Imbalances Clause in Contracts

Gas Imbalances. Except as set forth on Item 6.24 of the Disclosure Schedule or on the most recent certificate of the Borrower delivered in connection with a Reserve Report, on a net basis there are no gas imbalances, take or pay or other prepayments that would require the Borrower 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 1.5 bcf of gas (on an mcf equivalent basis) in the aggregate.

Gas Imbalances. Except as set forth on Item 6.24 of the Disclosure Schedule or on the most recent certificate of the Borrower delivered in connection with a Reserve Report, on a net basis there are no gas imbalances, take or pay or other prepayments that would require the Borrower 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 1.5 bcf of gas (on an mcf equivalent basis) in the aggregate.

Gas Imbalances. Except as set forth on Item 6.24 Schedule 4.22 or specifically disclosed in the consolidated financial statements of the Disclosure Schedule Parent Guarantor and its Consolidated Subsidiaries or on the most recent certificate of the Borrower delivered in connection with a Reserve Initial Engineering Report, on a net basis there are no gas imbalances, take or pay or other prepayments that with respect to the Borrower's Oil and Gas Interests which would require the Borrower or any of its Subsidiaries to deliver Hydrocarbons produced from any of the Borrower's Oil and Gas Properties Interests at some future time without then or thereafter receiving full payment therefor exceeding 1.5 bcf of gas (on an mcf equivalent basis) which would exceed $25,000 in the aggregate.

Gas Imbalances. Except as set forth on Item 6.24 of the Disclosure Schedule or on the most recent certificate of the Borrower Borrowers delivered in connection with a Reserve Report, on a net basis there are no gas imbalances, take or pay or other prepayments that would require the Borrower any Obligor or any of its Subsidiaries Subsidiary thereof to deliver Hydrocarbons produced from the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding an equivalent of 1.5 bcf of natural gas (on an with each barrel of crude oil being deemed equivalent to six mcf equivalent basisof natural gas) in the aggregate.

Gas Imbalances. Except as set forth on Item 6.24 of the Disclosure Schedule or on the most recent certificate of the Borrower delivered in connection with a Reserve Report, on a net basis there are no gas imbalances, take or pay or other prepayments that would require the Borrower 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 1.5 1.0 bcf of gas (on an mcf equivalent basis) in the aggregate.