Common use of Notice of Sales of Oil and Gas Properties Clause in Contracts

Notice of Sales of Oil and Gas Properties. In the event any Loan Party intends to sell, transfer, assign or otherwise dispose of any Oil or Gas Properties or any Equity Interests in any Subsidiary in accordance with Section 9.12 for consideration in excess of $25,000,000, prior written notice of such disposition, the price thereof and the anticipated date of closing.

Appears in 2 contracts

Samples: Credit Agreement (SM Energy Co), Credit Agreement (SM Energy Co)

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Notice of Sales of Oil and Gas Properties. In the event the Borrower or any other Loan Party intends to sell, transfer, assign or otherwise dispose of any Oil or Gas Properties or any Equity Interests in any Subsidiary in accordance with Section 9.12 for consideration in excess of $25,000,0009.12, prior written notice of such disposition, the price thereof and the anticipated date of closingclosing and any other details thereof reasonably requested by the Administrative Agent or any Lender.

Appears in 2 contracts

Samples: Credit Agreement (Memorial Production Partners LP), Credit Agreement (Memorial Production Partners LP)

Notice of Sales of Oil and Gas Properties. In the event any Loan Party intends to sell, transfer, assign or otherwise dispose of any Oil or Gas Properties or any Equity Interests in any Subsidiary in accordance with Section 9.12 for consideration in excess of $25,000,0009.12, prior written notice of such disposition, the price thereof and the anticipated date of closingclosing and any other details thereof requested by the Administrative Agent or any Lender.

Appears in 1 contract

Samples: Credit Agreement (Cadence Resources Corp)

Notice of Sales of Oil and Gas Properties. In the event any Loan Party intends to sell, transfer, assign or otherwise dispose of any Oil or Gas Properties or any Equity Interests in any Subsidiary Loan Party in accordance with Section 9.12 for consideration in excess of $25,000,0008.12(d), prior written notice of such disposition, the price thereof and the anticipated date of closing.

Appears in 1 contract

Samples: Credit Agreement (Resolute Energy Corp)

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Notice of Sales of Oil and Gas Properties. In the event any Loan Party intends to sell, transfer, assign or otherwise dispose of any Oil or Gas Properties or any Equity Interests in any Subsidiary in accordance with Section 9.12 for consideration in excess of $25,000,000, prior written notice of such disposition, the price thereof and the anticipated date of closing.

Appears in 1 contract

Samples: Credit Agreement (SM Energy Co)

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