Common use of Gas Imbalances Clause in Contracts

Gas Imbalances. Except as set forth on Schedule 7.18 or on the most recent certificate delivered pursuant to Section 8.11(c), on a net basis there are no gas imbalances, take or pay or other prepayments which would require any Group Member to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) of the aggregate volumes of Hydrocarbons (on an Mcf equivalent basis) listed in the most recent Reserve Report.

Gas Imbalances. Except as set forth on Schedule 7.18 on the Seventh Amendment Effective Date or on the most recent certificate delivered pursuant to Section 8.11(c), on a net basis there are no gas imbalances, take or pay or other prepayments which would require any Group Member to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two one percent (2.01.0%) of the aggregate volumes of Hydrocarbons (on an Mcf equivalent basis) listed in the most recent Reserve Report.

Gas Imbalances. Except as set forth on Schedule 7.18 7.19 or on the most recent certificate delivered pursuant to Section 8.11(c8.12(c), on a net basis there are no gas imbalances, take or pay or other prepayments which would require any Group Member Loan Party to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 1% of the aggregate volumes of Hydrocarbons (on an Mcf equivalent basis) listed in the most recent Reserve Report.

Gas Imbalances. Except as set forth on Schedule 7.18 or on the most recent certificate delivered pursuant to Section 8.11(c), on a net basis there are no gas imbalances, take or pay or other prepayments which would require any Group Member to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two one percent (2.01.0%) of the aggregate volumes of Hydrocarbons (on an Mcf equivalent basis) listed in the most recent Reserve Report.

Gas Imbalances. Except as set forth on Schedule 7.18 7.19 or on the most recent certificate delivered pursuant to Section 8.11(c8.12(c), on a net basis there are no gas imbalances, take or pay or other prepayments imbalances which would require the Borrower or any Group Member of its Restricted Subsidiaries to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) of the aggregate volumes of Hydrocarbons (on an Mcf equivalent basis) listed in the most recent Reserve Report.

Gas Imbalances. Except as set forth on Schedule 7.18 7.19 or on the most recent certificate delivered pursuant to Section 8.11(c), on a net basis there are no gas imbalances, take or take-or-pay or other prepayments with respect to Oil and Gas Properties of the Borrower or any other Loan Party which would require the Borrower or any Group Member such other Loan Party to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) of the aggregate volumes of Hydrocarbons (on an Mcf equivalent basis) listed in the most recent Reserve Report.

Gas Imbalances. Except as set forth on Schedule 7.18 7.19 or on the most recent certificate delivered pursuant to Section 8.11(c8.12(c), on a net basis there are no gas imbalances, take or pay or other prepayments which would require any Group Member to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) $1,000,000 of the net aggregate volumes of Hydrocarbons (on an Mcf equivalent basis) listed in the most recent Reserve Reportliability.