Marketing Agreements. Except as set forth in Schedule 5.27, the Oil and Gas Properties (and the production therefrom) are not subject to any purchase agreement, sale agreement or similar marketing arrangement not cancelable by Borrower on forty-five (45) days notice from the first day of the next succeeding month, nor are any of the Properties subject to any agreements with any companies affiliated with Borrower that cannot be terminated immediately upon the Closing Date without penalty, cost or liability to Borrower.
Appears in 1 contract
Marketing Agreements. Except as set forth in Schedule 5.27, the Oil and Gas Properties (and the production therefrom) are not subject to any purchase agreement, sale agreement or similar marketing arrangement not cancelable by Borrower on forty-five thirty (4530) days notice from the first day of the next succeeding monthnotice, nor are any of the Properties subject to any agreements with any companies affiliated with Borrower that cannot be terminated immediately upon the Closing Date without penalty, cost or liability to BorrowerAgent.
Appears in 1 contract
Marketing Agreements. Except as set forth in Schedule 5.275.22 and except to the extent permitted under Section 7.21, the Oil and Gas Properties (and the production therefrom) are not subject to any purchase agreement, sale agreement or similar marketing arrangement not cancelable by Borrower on forty-five sixty (4560) days notice from the first day of the next succeeding monthnotice, nor are any of the Properties subject to any agreements with any companies affiliated with Borrower that cannot be terminated immediately upon the Closing Date without penalty, cost or liability to BorrowerBorrower or any of its Subsidiaries.
Appears in 1 contract
Marketing Agreements. Except as set forth in Schedule 5.275.22 and except to the extent permitted under Section 7.21, the Oil and Gas Properties (and the production therefrom) are not subject to any purchase agreement, sale agreement or similar marketing arrangement not cancelable by Borrower on forty-five sixty (4560) days notice from the first day of the next succeeding monthdays’ notice, nor are any of the Oil and Gas Properties subject to any agreements with any companies affiliated with Borrower that cannot be terminated immediately upon the Closing Date without penalty, cost or liability to BorrowerBorrower or any of its Subsidiaries.
Appears in 1 contract
Marketing Agreements. Except as set forth in Schedule 5.275.27 and except to the extent permitted under Section 7.27, the Oil and Gas Properties (and the production therefrom) are not subject to any purchase agreement, sale agreement or similar marketing arrangement not cancelable by Borrower on forty-five thirty (4530) days notice from the first day of the next succeeding monthnotice, nor are any of the Properties subject to any agreements with any companies affiliated with Borrower that cannot be terminated immediately upon the Closing Date without penalty, cost or liability to Borrower.
Appears in 1 contract
Samples: Loan and Security Agreement (Southwest Royalties Holdings Inc)
Marketing Agreements. Except as set forth in Schedule 5.275.22 and except to the extent permitted under Section 7.23, the Oil and Gas Properties (and the production therefrom) are not subject to any purchase agreement, sale agreement or similar marketing arrangement not cancelable by Borrower on forty-five thirty (4530) days notice from the first day of the next succeeding monthnotice, nor are any of the Properties subject to any agreements with any companies affiliated with Borrower that cannot be terminated immediately upon the Closing Date without penalty, cost or liability to BorrowerBorrower or any of its Subsidiaries.
Appears in 1 contract
Marketing Agreements. Except as set forth in Schedule 5.275.22 and except to the extent permitted under Section 7.21, the Oil and Gas Properties (and the production therefrom) are not subject to any purchase agreement, sale agreement or similar marketing arrangement not cancelable by Borrower on forty-five sixty (4560) days notice from the first day of the next succeeding monthdays' notice, nor are any of the Oil and Gas Properties subject to any agreements with any companies affiliated with Borrower that cannot be terminated immediately upon the Closing Date without penalty, cost or liability to BorrowerBorrower or any of its Subsidiaries.
Appears in 1 contract