Common use of Outstanding Capital Commitments Clause in Contracts

Outstanding Capital Commitments. (a) There are no outstanding AFEs that are binding on the Assets as of the date hereof that have since the Effective Time required, or would reasonably be expected to require after the date hereof, individually expenditures by the Company or its successors in interest in excess of $50,000, other than as shown on Schedule 4.26(a). (b) Except as set forth in Schedule 4.26(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 the Company, within 60 days after the date hereof.

Appears in 5 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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Outstanding Capital Commitments. (a) There are no outstanding AFEs that are binding on the Assets as of the date hereof that have since the Effective Time required, or would reasonably be expected to require after the date hereof, individually expenditures by the any Company Entity or its successors in interest in excess of $50,000, other than as shown on Schedule 4.26(a). (b) Except as set forth in Schedule 4.26(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 the CompanySeller or any Company Entity, within 60 days after the date hereof.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Memorial Production Partners LP)

Outstanding Capital Commitments. (a) There are no outstanding AFEs that are binding on the Assets as of the date hereof that have since the Effective Time required, or would reasonably be expected to require after the date hereof, individually expenditures by the any Company Entity or its successors in interest in excess of $50,000100,000, other than as shown on Schedule 4.26(a). (b) Except as set forth in Schedule 4.26(b), there 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 the Companyany Company Entity, within 60 days after the date hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Memorial Production Partners LP)

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Outstanding Capital Commitments. (a) There are no outstanding AFEs that are binding on the Assets as of the date hereof that have since the Effective Time required, or would reasonably be expected to require after the date hereof, individually expenditures by the Company or its successors in interest in excess of $50,000, other than as shown on Schedule 4.26(a). (b) Except as set forth in Schedule 4.26(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 Seller or the Company, within 60 days after the date hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Memorial Production Partners LP)

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