Common use of Notice of Sales Clause in Contracts

Notice of Sales. In the event the Borrower or any Restricted Subsidiary intends to sell, transfer, assign or otherwise dispose of (i) any Oil or Gas Properties in accordance with this Agreement (but only if such transaction involves the disposition of Oil and Gas Properties included in the most recently delivered Reserve Report for a value in excess of $10,000,000) or (ii) any Properties in accordance with this Agreement (but only if such transaction involves the disposition of Properties for an aggregate value in excess of $10,000,000), prior written notice of such disposition, the price thereof and the anticipated date of closing.

Appears in 3 contracts

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

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Notice of Sales. In the event the Borrower or any Restricted Subsidiary intends to sell, transfer, assign or otherwise dispose of (i) any Oil or Gas Properties in accordance with this Agreement (but only if such transaction involves the disposition of Oil and Gas Properties included in the most recently delivered Reserve Report for a Table of Contents value in excess of $10,000,0002,000,000) or (ii) any Properties in accordance with this Agreement (but only if such transaction involves the disposition of Properties for an aggregate value in excess of $10,000,000), prior written notice of such disposition, the price thereof and the anticipated date of closing.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

Notice of Sales. In the event the Borrower or any Restricted --------------- Subsidiary intends to sell, transfer, assign or otherwise dispose of (i) any Oil or Gas Properties in accordance with this Agreement (but only if such transaction involves the disposition of Oil and Gas Properties included in the most recently delivered Reserve Report for a value in excess of $10,000,0005,000,000) or (ii) any Properties in accordance with this Agreement (but only if such transaction involves the disposition of Properties for an aggregate value in excess of $10,000,000), prior written notice of such disposition, the price thereof and the anticipated date of closing.

Appears in 1 contract

Samples: Credit Agreement (Mission Resources Corp)

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Notice of Sales. In the event the Borrower or any Restricted Subsidiary intends to sell, transfer, assign or otherwise dispose of (i) any Oil or Gas Properties in accordance with this Agreement (but only if such transaction involves the disposition of Oil and Gas Properties included in the most recently delivered Reserve Report for a value in excess of $10,000,0002,000,000) or (ii) any Properties in accordance with this Agreement (but only if such transaction involves the disposition of Properties for an aggregate value in excess of $10,000,000), prior written notice of such disposition, the price thereof and the anticipated date of closing.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

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