Lease Operating Statements. Concurrently with each delivery of financial statements under Section 5.06(a) and Section 5.06(b), a Lease Operating Statement for such calendar quarter.
Lease Operating Statements. Together with each Reserve Report delivered under Section 7.1(k) above, a Lease Operating Statement;
Lease Operating Statements. As soon as available, and in any event no later than 60 days after the end of each calendar quarter, a comprehensive net lease operating statement for such fiscal quarter in form and scope reasonably acceptable to the Bank.
Lease Operating Statements. The Administrative Agent shall have received lease operating statements with respect to the Oil and Gas Properties of the Borrower and its Subsidiaries for the period from January to June, 2014 with respect to all acquired assets other than those acquired from Sundance Energy, and July 2013 to May 2014 with respect to the assets acquired from Sundance Energy.
Lease Operating Statements. Concurrently with any delivery of financial statements under Section 7.1(b), a Lease Operating Statement;
Lease Operating Statements. The information set forth in the lease operating statements with respect to the Oil and Gas Properties owned by such Subject Company Group set forth in Schedule 5.39 is true and accurate in all material respects for the time periods covered thereby, subject to ordinary course reconciliations.
Lease Operating Statements. As soon as available, and in any event within sixty (60) days after the end of each fiscal quarter (provided that the outstanding amount of Advances as of the end of such quarter exceeds $25,000,000 in the aggregate), a report describing by lease or unit the gross volume of production and sales attributable to production during such quarter from the Oil and Gas Properties described in the most recent Oil and Gas Reserve Report and describing the related severance taxes, other taxes, and leasehold operating expenses attributable thereto and incurred during such quarter; and
Lease Operating Statements. Concurrently with the delivery of each Reserve Report hereunder, (i) a report setting forth, for each calendar month during the prior twelve (12) month period, on a field by field summary basis and an aggregate summary basis, the volume of production and sales attributable to production (and the prices at which such sales were made and the revenues derived from such sales) for each such calendar month from the Oil and Gas Properties of the Borrower and its subsidiaries, and setting forth the related ad valorem, severance and production taxes and lease operating expenses attributable thereto and incurred for each such calendar month.
Lease Operating Statements. Concurrently with the delivery of each Reserve Report or upon the reasonable request of the Administrative Agent, a Lease Operating Statement;
Lease Operating Statements. Concurrently with the delivery of the financial statements referred to in Section 7.1(b), a Lease Operating Statement; and
(e) The last sentence of Section 8.4 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: Notwithstanding the foregoing, Borrower may make cash distributions to Parent so long as (a) no Default exists or would exist after giving effect thereto, (b) Utilization is not greater than 75% after giving effect thereto and (c) the Leverage Ratio for the most recently-ended Test Period for which financial statements are available (calculated on a pro forma basis after giving effect to such distributions and any Borrowings made in connection therewith) is less than or equal to 2.50 to 1.00.
(f) Article 8 of the Credit Agreement is hereby amended to add new Section 8.22 immediately after Section 8.21 to read as follows:
