Common use of Planned Future Commitments Clause in Contracts

Planned Future Commitments. Except for the continuing operations, operations conducted or commitments made in compliance with Section 5.2, and other matters set forth in Schedule “3.9”, such Seller has not and will not become legally obligated for any future commitments requiring an expenditure by such Seller in excess of One Hundred Thousand Dollars ($100,000.00) (net to such Seller’s interest) relating to any of the Properties after the Execution Date.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Gastar Exploration USA, Inc.)

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Planned Future Commitments. Except As of the Execution Date, except for the continuing operations, operations conducted or commitments made in compliance with Section 5.2, and other matters set forth disclosed in Schedule 3.9, such the Seller has is not and will not become legally obligated for any future commitments requiring that could reasonably be expected to require an expenditure by such the Seller in excess of One Two Hundred Fifty Thousand Dollars ($100,000.00250,000.00) (net to such the Seller’s interest) relating to any of the Properties after the Execution Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Exco Resources Inc)

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Planned Future Commitments. Except As of the Execution Date, except for the continuing operations, operations conducted or commitments made in compliance with Section 5.2, and other matters set forth disclosed in Schedule 3.9, such Seller has is not and will not become legally obligated for any future commitments requiring that could reasonably be expected to require an expenditure by such Seller in excess of One Two Hundred Fifty Thousand Dollars ($100,000.00250,000.00) (net to such Seller’s interest) relating to any of the non-Buyer Operated Properties after the Execution Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Exco Resources Inc)

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