Common use of Outstanding Obligations Clause in Contracts

Outstanding Obligations. Except as otherwise described in Schedule 5.13, to the actual knowledge of Seller, as of the date of this Agreement, there are no outstanding authorizations for expenditures in excess of One Hundred Thousand Dollars ($100,000), net to Seller’s interest, or other written commitments or proposals to conduct operations on the Assets. Schedule 5.14 sets forth all capital projects known to Seller as of the date of this Agreement related to the Assets that are in progress.

Outstanding Obligations. Except as otherwise described in Schedule 5.13, to since the actual knowledge of SellerEffective Time, as of the date of this Agreement, there are no Seller has not issued or received any outstanding authorizations for expenditures or capital commitments in excess of One Hundred Thousand Dollars ($100,000), net to Seller’s interest, or other written commitments or proposals to conduct operations on the Assets. Schedule 5.14 sets forth all capital projects known to Seller as of the date of this Agreement related to the Assets that are in progress.

Outstanding Obligations. Except as otherwise described in Schedule 5.13, as of the Execution Date, Seller has not received any authorizations for expenditures that are outstanding and in excess of Seventy-Five Thousand Dollars ($75,000) or, to the actual knowledge of Seller, as of the date of this Agreement, there are no outstanding authorizations for expenditures in excess of One Hundred Thousand Dollars ($100,000), net to Seller’s interest, or any other written commitments or proposals to conduct operations on the AssetsAssets for which an authority for expenditure would be required under the applicable operating agreement. Schedule 5.14 5.13 sets forth all capital projects actually known to Seller as of the date of this Agreement Execution Date related to the Assets that are in progress.