Common use of Prepayments and Wellhead Imbalances Clause in Contracts

Prepayments and Wellhead Imbalances. Seller is not obligated, by virtue of a production payment, prepayment arrangement under any contract for the sale of hydrocarbons and containing a “take or pay”, advance payment or similar provision, gas balancing agreement or any other arrangement to deliver hydrocarbons produced from the Properties at any time after the Effective Date without then or thereafter receiving full payment therefore.

Prepayments and Wellhead Imbalances. Seller is not obligated, by virtue of a production payment, prepayment arrangement under any contract for the sale of hydrocarbons and containing a “take or pay”, advance payment or similar provision, gas balancing agreement or any other arrangement to deliver hydrocarbons produced from the Properties Subject Property at any time after the Effective Date without then or thereafter receiving full payment thereforetherefor. Schedule 4(e) accurately sets forth all of Seller’s pipeline and production imbalances and penalties as of the Effective Time arising with respect to the Subject Property.

Prepayments and Wellhead Imbalances. Except as provided in the Leases, Seller is not obligated, by virtue of a production payment, prepayment arrangement under any contract for the sale of hydrocarbons and Hydrocarbons containing a “take or pay”, ,” advance payment or similar provision, gas balancing agreement or any other arrangement to deliver hydrocarbons Hydrocarbons produced from the Properties Property at any time after the Effective Date without then or thereafter receiving full payment thereforetherefor.

Prepayments and Wellhead Imbalances. Seller is not obligated, by virtue of a production payment, prepayment arrangement under any contract for the sale of hydrocarbons and containing a “take or pay”, advance payment or similar provision, gas balancing agreement or any other arrangement arrangement, including but not limited to, a hedging contract to deliver hydrocarbons produced from the Properties Units at any time after the Effective Date without then or thereafter receiving full payment therefore.

Prepayments and Wellhead Imbalances. Seller is not obligated, by virtue of a production payment, prepayment arrangement under any contract for the sale of hydrocarbons and containing a “"take or pay”", advance payment or similar provision, gas balancing agreement or any other arrangement to deliver hydrocarbons produced from the Properties Brazos Interests, the Galveston Interests, and the High Island Interests at any time after the Effective Date Time without then or thereafter receiving full payment thereforetherefor.

Prepayments and Wellhead Imbalances. Seller is not obligated, by virtue of a production payment, prepayment arrangement under any contract for the sale of hydrocarbons and containing a “"take or pay”", advance payment or similar provision, gas balancing agreement agreement, hedging contract or any other arrangement to deliver hydrocarbons produced from the Properties Subject Property at any time after the Effective Date without then or thereafter receiving full payment thereforetherefor.

Prepayments and Wellhead Imbalances. Seller is not obligated, by virtue of a production payment, prepayment arrangement under any contract for the sale of hydrocarbons and containing a “"take or pay”", advance payment or similar provision, gas balancing agreement or any other arrangement to deliver hydrocarbons produced from the Properties Brazos Interests, the Galveston Interests, and the High Island Interests at any time after the Effective Date Time without then or thereafter receiving full payment therefore.therefor. DALDMS/531389.6