Common use of Marketing of Production Clause in Contracts

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 6.27, and thereafter either disclosed in writing to Administrative Agent or included in the most recent certificate delivered pursuant to Section 7.1(q) (with respect to all of which contracts Borrower represents that it or its Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract), no material agreements exist which are not cancelable on 60 days’ notice or less without penalty or detriment for the sale of production from Borrower’s or its Restricted Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of longer than six (6) months from the date of such contract.

Appears in 3 contracts

Samples: Credit Agreement (Peak Resources LP), Credit Agreement (Granite Ridge Resources, Inc.), Credit Agreement (Granite Ridge Resources, Inc.)

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Marketing of Production. Except for contracts listed and in effect on the date hereof on in the Disclosure Schedule 6.27pursuant to this Section 4.33, and thereafter either disclosed in writing to Administrative Agent or included in the most recent certificate delivered pursuant to Section 7.1(q) Investor (with respect to all of which contracts Borrower the Company represents that it or its Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contractcontract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which are not cancelable on 60 days’ days notice or less without penalty or detriment for the sale of production from Borrowerthe Company’s or its Restricted Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of longer than six (6) months from the date of such contracthereof.

Appears in 3 contracts

Samples: Common Stock Purchase Agreement (Zell Credit Opportunities Side Fund, L.P.), Common Stock Purchase Agreement (Strategic Value Partners, LLC), Common Stock Purchase Agreement (Dune Energy Inc)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 6.27, and thereafter either as disclosed in writing to the Administrative Agent or included in connection with the most recent certificate recently delivered pursuant to Section 7.1(q) Engineering Report (with respect to all of which contracts the Holdings and the Borrower represents represent that it they or its the Restricted Subsidiaries are receiving a price for all production sold thereunder which that is computed substantially in accordance with the terms of the relevant contractcontract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which that are not cancelable on 60 days’ days- notice or less without penalty or detriment for the sale of production from Holdings, the Borrower’s or its the Restricted Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) and that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of longer than six (6) months from the date of such contracthereof.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 6.274.39, and thereafter either disclosed in writing to the Administrative Agent or included in the most recent certificate delivered pursuant to Section 7.1(q) (with respect to all of which contracts the Borrower represents that it or and its Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contractcontract and are not having deliveries curtailed substantially below the subject Property's delivery capacity), no material agreements exist which are not cancelable on 60 days’ days notice or less without penalty or detriment for the sale of production from the Borrower’s 's or its Restricted any Subsidiaries' Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of longer than six (6) months from the date of such contracthereof.

Appears in 1 contract

Samples: Credit Agreement (Petroquest Energy Inc)

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Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 6.27, and thereafter either as disclosed in writing to the Administrative Agent or included in connection with the most recent certificate recently delivered pursuant to Section 7.1(q) Engineering Report (with respect to all of which contracts the Holdings and the Borrower represents represent that it they or its the Restricted Subsidiaries are receiving a price for all production sold thereunder which that is computed substantially in accordance with the terms of the relevant contractcontract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which that are not cancelable on 60 days-notice or less without penalty or detriment for the sale of production from Holdings, the Borrower’s or its the Restricted Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) and that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of longer than six (6) months from the date of such contracthereof.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

Marketing of Production. Except for contracts listed and in effect on the date hereof Effective Date on Schedule 6.273.16, and thereafter either disclosed in writing to the Administrative Agent or included in the most recent certificate recently delivered pursuant to Section 7.1(q) Reserve Report (with respect to all of which contracts Borrower the Company represents that it or its Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract)contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity, no material agreements exist which are not cancelable on 60 days’ notice or less without penalty or detriment for the sale of production from Borrowerthe Company’s or its Restricted Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of longer than six (6) months from the date of such contractmonths.

Appears in 1 contract

Samples: Credit Agreement (Murphy Oil Corp /De)

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