Common use of Imbalances or Other Prepayments Clause in Contracts

Imbalances or Other Prepayments. The Obligors will not allow gas imbalances, take-or-pay or other prepayments with respect to the Pipeline Properties of the Obligors which would require the Obligors to gather in the aggregate five percent (5%) or more of the Hydrocarbons throughput on a monthly basis from the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.

Appears in 4 contracts

Samples: Revolving Credit and Term Loan Agreement (Atlas America Inc), Revolving Credit and Term Loan Agreement (Atlas America Inc), Revolving Credit and Term Loan Agreement (Atlas Pipeline Holdings, L.P.)

AutoNDA by SimpleDocs

Imbalances or Other Prepayments. The Obligors will not allow gas imbalances, take-or-pay or other prepayments with respect to the Pipeline Properties of the Obligors which would require the Obligors to gather in the aggregate five percent (5%) or more of the Hydrocarbons throughput on a monthly basis from the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.. Section 9.21

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Atlas Pipeline Partners Lp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.