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

Notice of Sales of Oil and Gas Properties. Within 30 days of the end of each calendar month, a list of all Oil or Gas Properties or any Equity Interests in any Subsidiary disposed if the aggregate value of all such Properties and Equity Interests so disposed of since the last Scheduled Redetermination Date exceeds $35,000,000.

Appears in 4 contracts

Samples: Credit Agreement (Atlas Resources Public #17-2007 (A) L.P.), Credit Agreement (Atlas Energy Resources, LLC), Credit Agreement (Atlas Resources Public #16-2007 (A) L.P.)

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Notice of Sales of Oil and Gas Properties. Within 30 days of the end of each calendar month, a list of all Oil or Gas Properties owned or leased (as lessee) by the Loan Parties, or any Equity Interests in any Subsidiary Subsidiary, disposed if the aggregate value of all such Properties and Equity Interests so disposed of since the last Scheduled Redetermination Date exceeds $35,000,0008% of the then effective Borrowing Base.

Appears in 1 contract

Samples: Credit Agreement (Atlas Energy, L.P.)

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