Common use of Outstanding Capital Commitments Clause in Contracts

Outstanding Capital Commitments. (a) As of the date of this Agreement, there are no outstanding AFEs that are binding on the Assets and that Seller reasonably anticipates will individually require expenditures by Seller or its respective successors-in-interest (including Buyer) from and after the Effective Time in excess of $10,000, other than as shown on Schedule 4.26(a). (b) There are no Leases that (i) are currently held by payment of shut-in royalties, reworking operations, any substitute for production in paying quantities, or any other means other than production in paying quantities, or (ii) will expire, terminate, or otherwise be materially impaired absent actions (other than continued production in paying quantities) by or on behalf of Buyer within 60 days after the Closing Date.

Outstanding Capital Commitments. (a) As of the date of this Agreement, there are no outstanding AFEs that are binding on the Assets and that any Seller Party reasonably anticipates will individually require expenditures by Seller the Company or its respective successors-in-successors in interest (including Buyer) from and after the Effective Time in excess of $10,00025,000, other than as shown on Schedule 4.26(a). (b) There are no Leases that (i) are currently held by payment of shut-in royalties, reworking operations, any substitute for production in paying quantities, or any other means other than production in paying quantities, or (ii) will expire, terminate, or otherwise be materially impaired absent actions (other than continued production in paying quantities) by or on behalf of Buyer a Company Entity within 60 days after the Closing Date.

Outstanding Capital Commitments. (a) As of the date of this Agreement, there are no outstanding AFEs that are binding on the Assets and that Seller reasonably anticipates will individually require expenditures by Seller any Company Entity or its respective successors-in-successors in interest (including Buyer) from and after the Effective Time in excess of $10,00025,000, other than as shown on Schedule 4.26(a). (b) There are no Leases that (i) are currently held by payment of shut-in royalties, reworking operations, any substitute for production in paying quantities, or any other means other than production in paying quantities, or (ii) will expire, terminate, or otherwise be materially impaired absent actions (other than continued production in paying quantities) by or on behalf of Buyer a Company Entity within 60 days after the Closing Date.

Outstanding Capital Commitments. To Seller’s Knowledge: (a) As of the date of this AgreementExecution Date, there are no outstanding AFEs that are binding on the Assets and that Seller reasonably anticipates will individually require expenditures by Seller or its respective successors-in-interest (including Buyer) from and after the Effective Time in excess of $10,000100,000, other than as shown on Schedule 4.26(a).4.21; and (b) There are no Leases that (i) are currently held by payment of shut-in royalties, reworking operations, any substitute for production in paying quantities, or any other means other than production in paying quantities, or (ii) will expire, terminate, or otherwise be materially impaired absent actions (other than continued production in paying quantities) by or on behalf of Buyer within 60 days after the Closing Date.

Outstanding Capital Commitments. To Seller’s Knowledge: (a) As of the date of this AgreementClosing Date, there are no outstanding AFEs that are binding on the Assets and that Seller reasonably anticipates will individually require expenditures by Seller or its respective successors-in-interest (including Buyer) from and after the Effective Time in excess of $10,000100,000, other than as shown on Schedule 4.26(a).4.21; and (b) There are no Leases that (i) are currently held by payment of shut-in royalties, reworking operations, any substitute for production in paying quantities, or any other means other than production in paying quantities, or (ii) will expire, terminate, or otherwise be materially impaired absent actions (other than continued production in paying quantities) by or on behalf of Buyer within 60 days after the Closing Date.

Outstanding Capital Commitments. (a) As of the date of this Agreement, there There are no outstanding AFEs that are binding on the Assets and that Seller reasonably anticipates will individually require expenditures by Seller (or, if the Closing occurs, Buyer) or its respective successors-in-successors in interest (including Buyer) from and after the Effective Time in excess of $10,000, other than as shown on Schedule 4.26(a)50,000. (b) There are no No Leases that (i) are currently held by payment of shut-in royalties, reworking operations, any substitute for production in paying quantities, or any other means other than production in paying quantities, or (ii) will expire, terminate, or otherwise be materially impaired absent actions (other than continued production in paying quantities) by or on behalf of Buyer Seller or Buyer, as applicable and if Closing occurs, within 60 sixty (60) days after the Closing Date.