Outstanding Capital Commitments. Except as set forth on Schedule 4.13, as of the Execution Date there are no outstanding authorizations for expenditure or similar request or invoice for funding or participation under any Contract which are binding on any Seller or the Assets and which Seller reasonably anticipates will individually or in the aggregate require expenditures by the owner of the Assets attributable to periods on or after the Effective Date in excess of Two Hundred Fifty Thousand Dollars ($250,000.00).
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (W&t Offshore Inc)
Outstanding Capital Commitments. Except as set forth on Schedule 4.13in Section 4.19 of the Disclosure Schedule, as of the Execution Date there are no outstanding authorizations for expenditure or similar request or invoice for funding or participation under any Contract which are binding on any Seller the Company or the Assets Properties and which Seller reasonably anticipates will individually or in the aggregate require expenditures by the owner of the Assets Properties attributable to periods on or after the Effective Date in excess of Two Hundred Fifty Thousand One Million Dollars ($250,000.001,000,000) (net to the Company’s Working Interests).
Appears in 2 contracts
Samples: Membership Interest Purchase and Sale Agreement (RSP Permian, Inc.), Membership Interest Purchase and Sale Agreement (RSP Permian, Inc.)
