Common use of Gas Imbalances Clause in Contracts

Gas Imbalances. The Borrower will not, nor will it permit any Restricted Subsidiary to, allow gas imbalances, take or pay or other prepayments with respect to the Oil and Gas Properties of the Credit Parties that would require such Credit Party to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor to exceed five percent (5%) of the annual production of gas of the Credit Parties for the most recent calendar year, on an mcf equivalent basis in the aggregate.

Gas Imbalances. The Borrower will not, nor and will it not permit any Restricted Subsidiary to, allow gas imbalances, take or pay or other prepayments with respect to the Oil and Gas Properties of the Credit Parties Borrower or any Subsidiary that would require the Borrower or such Credit Party Subsidiary to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor to exceed five percent (5%) of the annual production of gas of the Credit Parties Borrower and its Subsidiaries for the most recent calendar year, each on an mcf equivalent basis in the aggregate.

Gas Imbalances. The Borrower will shall not, nor will it and shall not permit any its Restricted Subsidiary toSubsidiaries to have, allow gas imbalances, take or pay or other prepayments with respect to (other than Service Agreement Undertakings) exceeding one half bcf of gas (stated on an mcf equivalent basis) listed on the Oil and Gas Properties of the Credit Parties most recent Reserve Report, that in each case would require such any Credit Party to deliver Hydrocarbons either generally or produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor to exceed five percent (5%) of the annual production of gas of the Credit Parties for the most recent calendar year, on an mcf equivalent basis in the aggregatetherefor.

Gas Imbalances. The Borrower will not, nor will it permit any Restricted Subsidiary other Credit Party to, allow gas imbalances, take or pay or other prepayments with respect to the Oil and Gas Properties of the Credit Parties that would require such Credit Party to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor to exceed five percent (5%) of the annual production of gas of the Credit Parties for the most recent calendar year, on an mcf equivalent basis in the aggregate.