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 7.20, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, (a) the Loan Parties are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) no material agreements exist which are not cancelable on 90 days’ notice or less without penalty or detriment for the sale of production from the Loan Parties’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 11 contracts

Samples: Credit Agreement (Sundance Energy Inc.), Restructuring Support Agreement (Sundance Energy Inc.), Term Loan Credit Agreement (Sundance Energy Inc.)

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Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.207.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, Report (a) with respect to all of which contracts the Loan Parties are Borrower represents that it is receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) capacity), no material agreements exist which are not cancelable on 90 days’ 60 days notice or less without penalty or detriment for the sale of production from the Loan Parties’ Borrower’s Hydrocarbons (including including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 5 contracts

Samples: Exit Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.207.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, (a) the Loan Parties Group Members are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) no material agreements of any Group Member exist which are not cancelable on 90 sixty (60) days’ notice or less without penalty or detriment for the sale of production from the Loan PartiesGroup Members’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereofof such agreement.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Diversified Energy Co PLC), Revolving Credit Agreement (Diversified Energy Co PLC), Revolving Credit Agreement (Diversified Energy Co PLC)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.207.19, and thereafter or hereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, Report (a) with respect to all of which contracts the Loan Parties Borrower represents that the Parent 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 and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) contract), no material agreements exist which are not cancelable on 90 ninety (90) days’ notice or less without penalty or detriment for the sale of production from the Loan PartiesParent’s or its Restricted Subsidiaries’ Hydrocarbons (including including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereofmonths.

Appears in 3 contracts

Samples: Credit Agreement (Permian Resources Corp), Credit Agreement (Centennial Resource Development, Inc.), Credit Agreement (Centennial Resource Development, Inc.)

Marketing of Production. Except for contracts listed and in effect on the date hereof Seventh Amendment Effective Date on Schedule 7.207.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, (a) the Loan Parties Group Members are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) no material agreements exist which are not cancelable on 90 60 days’ notice or less without penalty or detriment for the sale of production from the Loan PartiesGroup Members’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereofof such agreement.

Appears in 3 contracts

Samples: Senior Secured Revolving Credit Agreement (Silverbow Resources, Inc.), Senior Secured Revolving Credit Agreement (Silverbow Resources, Inc.), Senior Secured Revolving Credit Agreement (Silverbow Resources, Inc.)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.207.19, and thereafter or hereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, Report (a) with respect to all of which contracts the Loan Parties Borrower represents that the Parent 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 and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) contract), no material agreements exist which are not cancelable on 90 days’ notice or less without penalty or detriment for the sale of production from the Loan PartiesParent’s or its Restricted Subsidiaries’ Hydrocarbons (including including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereofmonths.

Appears in 3 contracts

Samples: Credit Agreement (Centennial Resource Development, Inc.), Credit Agreement (Centennial Resource Development, Inc.), Credit Agreement (Centennial Resource Development, Inc.)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, (a) the Loan Parties are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) no material agreements exist which are not cancelable on 90 60 days’ notice or less without penalty or detriment for the sale of production from the Loan Parties’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) 6 months from the date hereof.

Appears in 2 contracts

Samples: Credit Agreement (Primeenergy Resources Corp), Credit Agreement (Primeenergy Corp)

Marketing of Production. Except for contracts either listed and in effect on the date hereof on Schedule 7.207.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, Report (a) with respect to all of which contracts the Loan Parties Borrower represents that it or the Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) capacity), no material agreements exist which are not cancelable on 90 days’ 60 days notice or less without penalty or detriment for the sale of production from the Loan PartiesBorrower’s or the Restricted Subsidiaries’ Hydrocarbons (including including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement, Senior Secured Revolving Credit Agreement (Viper Energy Partners LP)

Marketing of Production. Except for contracts either listed and in effect on the date hereof on Schedule 7.207.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, Report (a) with respect to all of which contracts the Loan Parties Borrower represents that it or the Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) capacity), no material agreements exist which are not cancelable on 90 60 days’ notice or less without penalty or detriment for the sale of production from the Loan PartiesBorrower’s or the Restricted Subsidiaries’ Hydrocarbons (including including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Viper Energy Partners LP), Senior Secured Revolving Credit Agreement (Viper Energy Partners LP)

Marketing of Production. Except for contracts listed on Schedule 6.27 and in effect on the date hereof on Schedule 7.20Interim Facility Effective Date, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, Report (a) with respect to all of which contracts the Loan Parties Borrower represents that it or its Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Propertyproperty’s delivery capacity and (b) capacity), no material agreements exist which are not cancelable on 90 60 days’ notice or less without penalty or detriment for the sale of production from the Loan PartiesBorrower’s or its SubsidiariesHydrocarbons hydrocarbons (including including, without limitation, calls on or other rights to purchase, purchase production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereofInterim Facility Effective Date.

Appears in 2 contracts

Samples: Senior Secured Super Priority Debtor in Possession Credit Agreement (Gulfport Energy Corp), Restructuring Support Agreement (Gulfport Energy Corp)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing 7.19 (with respect to all of which contracts the Administrative Agent Borrower represents that it or included in the most recently delivered Reserve Report, (a) the Loan Parties its Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract as in effect on the date of such disclosure and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) capacity), no material agreements exist which are not cancelable on 90 120 days’ notice or less without penalty or detriment for the sale of production from the Loan PartiesBorrower’s or its Subsidiaries’ Hydrocarbons (including including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 2 contracts

Samples: Credit Agreement (Miller Energy Resources, Inc.), Credit Agreement (Miller Energy Resources, Inc.)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.207.19, and thereafter or hereafter either promptly disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, Report (a) with respect to all of which contracts the Loan Parties 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 and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) contract), no material agreements exist which are not cancelable on 90 60 days’ notice or less without penalty or detriment detriment, for the sale of production from the Loan PartiesBorrower’s and its Restricted Subsidiaries’ Hydrocarbons (including including, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereofmonths.

Appears in 2 contracts

Samples: Credit Agreement (Fortis Minerals, LLC), Credit Agreement (Fortis Minerals, Inc.)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, Report (with respect to all of which contracts (a) the Loan Parties are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity capacity) and (b) no material agreements exist which are not cancelable on 90 days’ 60 days notice or less without penalty or detriment for the sale of production from the Loan Parties’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 2 contracts

Samples: Credit Agreement (Emerald Oil, Inc.), Credit Agreement (Emerald Oil, Inc.)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, (a) the Loan Note Parties are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) no material agreements exist which are not cancelable on 90 days’ notice or less without penalty or detriment for the sale of production from the Loan Note Parties’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 2 contracts

Samples: Note Purchase Agreement (Rosehill Resources Inc.), Note Purchase Agreement (Rosehill Resources Inc.)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, (a) the Loan Parties are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) no material agreements exist exist, which are not cancelable on 90 days’ notice or less without penalty or detriment penalty, for the sale of production from the Loan Parties’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereofhereof or the date of such Reserve Report, as applicable.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Goodrich Petroleum Corp), Senior Secured Revolving Credit Agreement (Goodrich Petroleum Corp)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing 7.23 (with respect to all of which contracts the Administrative Agent Borrower represents that it or included in the most recently delivered Reserve Report, (a) the Loan Parties 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 and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) capacity), as of the Closing Date, there exist no material agreements exist which are not cancelable on 90 days’ 60 days notice or less without penalty or detriment for the sale of production from the Loan PartiesBorrower’s or its Restricted Subsidiaries’ Hydrocarbons (including including, without limitation, calls on on, or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereofClosing Date.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Black Stone Minerals, L.P.)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing 7.23 (with respect to all of which contracts the Administrative Agent Borrower represents that it or included in the most recently delivered Reserve Report, (a) the Loan Parties other Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) capacity), as of the Closing Date, there exist no material agreements exist which are not cancelable on 90 days’ 60 days notice or less without penalty or detriment for the sale of production from the Loan PartiesBorrower’s or the other Restricted Subsidiaries’ Hydrocarbons (including including, without limitation, calls on on, or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereofClosing Date.

Appears in 1 contract

Samples: Credit Agreement (Black Stone Minerals, L.P.)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve ReportReport delivered under the Prepetition Note Purchase Agreement, (a) the Loan Parties are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) no material agreements exist which are not cancelable on 90 days’ notice or less without penalty or detriment for the sale of production from the Loan Parties’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 1 contract

Samples: Junior Convertible Secured Debtor in Possession Credit Agreement (Rosehill Resources Inc.)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, (a) the Loan Parties are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) no material agreements exist which are not cancelable on 90 days’ notice or less without penalty or detriment for the sale of production from the Loan Parties’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereof.. ​ [Credit Agreement] ​ ​

Appears in 1 contract

Samples: Credit Agreement (Sundance Energy Inc.)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.207.20 or on Schedule 7.30, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Engineering Report, (a) the Loan Parties are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) no material agreements exist which are not cancelable on 90 days’ notice or less without penalty or detriment for the sale of production from the Loan Parties’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Abraxas Petroleum Corp)

Marketing of Production. Except for contracts listed and in effect on the date hereof Second Amendment Effective Date on Schedule 7.204.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, (a) the Loan Parties Group Members are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (bix) no material agreements exist which are not cancelable on 90 60 days’ notice or less without penalty or detriment for the sale of production from the Loan PartiesGroup Members’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i1) pertain to the sale of production at a fixed price and (ii2) have a maturity or expiry date of longer than six (6) months from the date hereofof such agreement.

Appears in 1 contract

Samples: Note Purchase Agreement (Silverbow Resources, Inc.)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.207.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, (a) the Loan Parties Group Members are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) no material agreements exist which are not cancelable on 90 60 days’ notice or less without penalty or detriment for the sale of production from the Loan PartiesGroup Members’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereofof such agreement.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Swift Energy Co)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.207.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, Report (a) with respect to all of which contracts the Loan Parties Borrower represents that it or its Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) capacity), no material agreements exist which are not cancelable on 90 days’ sixty (60) days notice or less without penalty or detriment for the sale of production from the Loan Parties’ Hydrocarbons (including including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Aurora Oil & Gas CORP)

Marketing of Production. Except for contracts listed on Schedule 4.41 and in effect on the date hereof on Schedule 7.20of this Agreement, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, Lender (a) the Loan Parties are with respect to all of which contracts each Borrower represents that it is receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are is not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) capacity), no material agreements exist which are not cancelable on 90 days’ sixty (60) days notice or less without penalty or detriment for the sale of production from the Loan Partieseach Borrowers Hydrocarbons (including including, without limitation, calls on or other rights to purchase, purchase production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Imperial Resources, LLC)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and 7.20 or thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, Report (a) the with respect to all of which contracts each Loan Parties are Party represents that it is receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are is not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) capacity), no material agreements exist which are not cancelable on 90 days’ sixty (60) days notice or less without penalty or detriment for the sale of production from the Loan Parties’ its Hydrocarbons (including including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereofmonths.

Appears in 1 contract

Samples: Secured Term Loan Agreement (Resolute Energy Corp)

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Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.207.19, and thereafter either disclosed in writing to the Administrative Agent (with respect to all of which contracts the Borrower represents that it or included in the most recently delivered Reserve Report, (a) the Loan Parties its Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) capacity), no material agreements exist which are not cancelable on 90 days’ 60 days notice or less without penalty or detriment for the sale of production from the Loan PartiesBorrower’s or its Subsidiaries’ Hydrocarbons (including including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Rex Energy Corp)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and 7.19 or thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, Report (a) the with respect to all of which contracts each Loan Parties are Party represents that it is receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are is not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) capacity), no material agreements exist which are not cancelable on 90 sixty (60) days’ notice or less without penalty or detriment for the sale of production from the Loan Parties’ its Hydrocarbons (including including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereofmonths.

Appears in 1 contract

Samples: Credit Agreement (Resolute Energy Corp)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.207.19, and thereafter or hereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, Report (a) the Loan Parties with respect to all of which contracts each Credit Party represent that it or its Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) contract), no material agreements exist which are not cancelable on 90 sixty (60) days’ notice or less without penalty or detriment detriment, for the sale of production from the Loan Credit Parties’ and their Subsidiaries’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the effective date hereofof such contract.

Appears in 1 contract

Samples: Senior Secured Term Loan Credit Agreement (Berry Corp (Bry))

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, Report (with respect to all of which contracts (a) the Loan Parties are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity capacity) and (b) no material agreements exist which are not cancelable on 90 60 days’ notice or less without penalty or detriment for the sale of production from the Loan Parties’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 1 contract

Samples: Dip Credit Agreement

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, Report (a) with respect to all of which contracts the Loan Parties Borrower represents that it or its Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) capacity), no material agreements exist which are not cancelable on 90 days’ 60 days notice or less without penalty or detriment for the sale of production from the Loan PartiesBorrower’s or its Subsidiaries’ Hydrocarbons (including including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Diamondback Energy, Inc.)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing 3.24 (with respect to all of which contracts the Administrative Agent Borrower represents that it or included in the most recently delivered Reserve Report, (a) the Loan Parties its Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s 's delivery capacity and (b) capacity), as of the Closing Date, there exist no material agreements exist which are not cancelable on 90 60 days' notice or less without penalty or detriment for the sale of production from the Loan Parties’ Borrower's or its Subsidiaries' Hydrocarbons (including including, without limitation, calls on on, or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereofClosing Date.

Appears in 1 contract

Samples: Credit Agreement (Mission Resources Corp)

Marketing of Production. Except As of the Closing Date, except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing 7.24 (with respect to the Administrative Agent all of which contracts each Obligor represents that it or included in the most recently delivered Reserve Report, (a) the Loan Parties its Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s 's delivery capacity and (b) capacity), as of the Closing Date, there exist no material agreements exist which are not cancelable on 90 days’ sixty (60) days notice or less without penalty or detriment for the sale of production from the Loan Parties’ each Obligor's or its Subsidiaries' Hydrocarbons (including including, without limitation, calls on on, or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereofClosing Date.

Appears in 1 contract

Samples: Credit Agreement (Eex Corp)

Marketing of Production. Except for contracts listed and in effect on the date hereof Second Amendment Effective Date on Schedule 7.204.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, (a) the Loan Parties Group Members are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) no material agreements exist which are not cancelable on 90 60 days’ notice or less without penalty or detriment for the sale of production from the Loan PartiesGroup Members’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereofof such agreement.

Appears in 1 contract

Samples: Note Purchase Agreement (Silverbow Resources, Inc.)

Marketing of Production. Except for contracts listed on Schedule 4.41 and in effect on the date hereof on Schedule 7.20of this Agreement, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, (a) the Loan Parties are with respect to all of which contracts Borrower represents that it is receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are is not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) capacity), no material agreements exist which are not cancelable on 90 days’ sixty (60) days notice or less without penalty or detriment for the sale of production from the Loan Parties’ Borrower’s Hydrocarbons (including including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Doral Energy Corp.)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.207.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, (a) the Loan Parties Group Members are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) no material agreements exist which are not cancelable on 90 60 days’ notice or less without penalty or detriment for the sale of production from the Loan PartiesGroup Members’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Swift Energy Co)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, Report (a) with respect to all of which contracts the Loan Parties 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 and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) capacity), no material agreements exist which are not cancelable on 90 60 days’ notice or less without penalty or detriment for the sale of production from the Borrower’s or the other Loan Parties’ Hydrocarbons (including including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Memorial Resource Development LLC)

Marketing of Production. Except for contracts listed and in effect on ------------------------ Schedule 7.25 (with respect to all of which contracts the date hereof on Schedule 7.20, and thereafter either disclosed in writing to the Administrative Agent Borrower represents that it or included in the most recently delivered Reserve Report, (a) the Loan Parties 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 and are not having deliveries curtailed substantially below the subject Property’s 's delivery capacity and (b) capacity), as of the Closing Date, there exist no material agreements exist which are not cancelable on 90 days’ 60 days notice or less without penalty or detriment for the sale of production from the Loan Parties’ Borrower's or its Restricted Subsidiaries' Hydrocarbons (including including, without limitation, calls on on, or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereofClosing Date.

Appears in 1 contract

Samples: Credit Agreement (Mission Resources Corp)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, (a) the Loan Parties are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) no material agreements exist which are not cancelable on 90 60 days’ notice or less without penalty or detriment for the sale of production from the Loan Parties’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Us Energy Corp)

Marketing of Production. Except for contracts listed and in effect on the date hereof on Schedule 7.204.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, (a) the Loan Parties Group Members are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) no material agreements exist which are not cancelable on 90 60 days’ notice or less without penalty or detriment for the sale of production from the Loan PartiesGroup Members’ Hydrocarbons (including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereofof such agreement.

Appears in 1 contract

Samples: Note Purchase Agreement (Silverbow Resources, Inc.)

Marketing of Production. Except As of the Closing Date, except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing 7.23 (with respect to all of which contracts the Administrative Agent Borrower represents that it or included in the most recently delivered Reserve Report, (a) the Loan Parties other Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and (b) capacity), as of the Closing Date, there exist no material agreements exist which are not cancelable on 90 days’ 60 days notice or less without penalty or detriment for the sale of production from the Loan PartiesBorrower’s or the other Restricted Subsidiaries’ Hydrocarbons (including including, without limitation, calls on on, or other rights to purchase, production, whether or not the same are currently being exercised) that (ia) pertain to the sale of production at a fixed price and (iib) have a maturity or expiry date of longer than six (6) months from the date hereofClosing Date.

Appears in 1 contract

Samples: Credit Agreement (Black Stone Minerals, L.P.)

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