Common use of Outstanding AFEs Clause in Contracts

Outstanding AFEs. There are no outstanding authorizations for expenditure pertaining to any of the Harvest Parties' oil and gas assets or any other commitments, approvals or authorizations pursuant to which an expenditure may be required to be made in respect of such assets after the date of the most recent Harvest Financial Statements in excess of $5 million for each such commitment, approval or authorization other than pursuant to the 2005 and 2006 capital budgets disclosed in writing to Viking.

Appears in 2 contracts

Samples: Arrangement Agreement (Harvest Energy Trust), Arrangement Agreement (Viking Energy Royalty Trust)

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Outstanding AFEs. There are no outstanding authorizations for expenditure pertaining to any of the Harvest Viking Parties' oil and gas assets or any other commitments, approvals or authorizations pursuant to which an expenditure may be required to be made in respect of such assets after the date of the most recent Harvest Viking Financial Statements in excess of $5 million for each such commitment, approval or authorization other than pursuant to the 2005 and 2006 capital budgets disclosed in writing to VikingHarvest.

Appears in 2 contracts

Samples: Arrangement Agreement (Harvest Energy Trust), Arrangement Agreement (Viking Energy Royalty Trust)

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