Production Sales Contracts. There exist no agreements or arrangements for the sale of Hydrocarbons from the Oil and Gas Properties (including calls on, or other rights to purchase, production, whether or not the same are currently being exercised) other than (a) production sales contracts (in this Section, the "Scheduled Production Sales Contracts") disclosed in Schedule 4.9 of the Seller Disclosure Schedule or (b) agreements or arrangements which are cancelable on 90 days notice or less without penalty or detriment. Seller is presently receiving a price for all production from (or attributable to) each Oil and Gas Property covered by a Scheduled Production Sales Contract as computed in accordance with the terms of such contract, and is not having deliveries of gas from any Oil and Gas Property subject to a Scheduled Production Sale Contract curtailed substantially below such Property's delivery capacity.
Production Sales Contracts. 13 Section 4.10. Plugging and Abandonment...................... 13 Section 4.11. Licenses and Permits........................
Production Sales Contracts. To the best knowledge of -------------------------- Seller, there exist no agreements or arrangements for the sale of production from the Oil and Gas Properties (including without limitation, calls on, or other rights to purchase, production, whether or not the same are currently being exercised) other than (a) production sales contracts (in this Section, the "Scheduled Production Sales Contracts") disclosed in Section 4.9 of the Seller Disclosure Schedule or (b) agreements or arrangements which are cancelable on 60 days notice or less without penalty or detriment. To the best knowledge of Seller, each Partnership is presently receiving a price for all production from (or attributable to) such Partnership's Oil and Gas Properties covered by a Scheduled Production Sales Contract as computed in accordance with the terms of such contract, and is not having deliveries of gas from any Property subject to a Scheduled Production Sale Contract curtailed substantially below such Property's delivery capacity. To the best knowledge of Seller, there are no prepayments, advance payments, take-or-pay payments or similar payments affecting the Oil and Gas Properties.
Production Sales Contracts. (a) Except as set forth in Section 8.11(a) of the Disclosure Schedule, the Acquired Assets are not subject to any contract or agreement for the sale of Hydrocarbons attributable to periods after the Effective Time, other than contracts and agreements that can be terminated on not more than 60 days’ notice.
(b) Except as set forth in Section 8.11(b) of the Disclosure Schedule, to the Knowledge of Seller, the Acquired Assets are not subject to any obligation (i) under a Hedging Instrument or (ii) take-or-pay clause or similar contract to deliver Hydrocarbons produced from the Acquired Assets without receiving payment at the time, or after delivery, of such Hydrocarbons, or (iii) to deliver Hydrocarbons in the future for which payment has already been received.
Production Sales Contracts. Except as set forth in Section 6.12 of the Disclosure Schedule, Seller’s interests in the Assets are not subject to any contract for the sale of Hydrocarbons attributable to periods after the Effective Time other than contracts that can be terminated on 90 days’ or less prior notice. Except as set forth in Section 6.12 of the Disclosure Schedule, Seller’s interest in the Assets is not encumbered by any obligation under a sales contract, hedging contract, take-or-pay clause, or any similar arrangement, to deliver Hydrocarbons produced from such interest in the Assets without receiving payment at the time of or subsequent to delivery, or to deliver Hydrocarbons in the future for which payment has already been received (e.g., a “forward” sale contract).
Production Sales Contracts. There exist no agreements or arrangements for the sale of production from Leases, Lands, Xxxxx or Units (including calls on, or rights to purchase, production, whether or not the same are currently being exercised) other than any agreements or arrangements which are cancelable on 90 days notice or less without penalty or detriment; and Seller is not, and to Seller's knowledge, no other party is in breach of any such agreement or arrangement.
Production Sales Contracts. All material contracts, agreements and leases related to any of the Mineral Interests and all material production sales contracts, agreements, instruments and leases to which any Loan Party is a party, are valid and effective in accordance with their respective terms, and all material agreements affecting the Mineral Interests in the nature of production purchase agreements, and gas sale agreements are in full force and effect and are valid and legally binding obligations of the parties thereto and all payments due thereunder have been made, except for those suspended for reasonable cause in the ordinary course of business; and, there is not under any such contract, agreement or lease any existing default by any party thereto or any event which, with notice or lapse of time, or both, would constitute such default thereunder or, as to any other contracts, would constitute such default, other than minor defaults which, in the aggregate, would result in losses or damages of more than $100,000 to any Loan Party.
Production Sales Contracts. Except as set forth on Schedule A-3, the Assets are not subject to any contract or agreement for the sale of oil, gas or other hydrocarbons attributable to periods after the Effective Time, other than contracts and agreements that can be terminated on not more than 30 days’ notice. The Assets are not subject to any obligation by virtue of an election to non-consent or not participate in past or current operations on the Assets pursuant to an applicable operating agreement, or under a hedging instrument, take-or-pay clause, or similar contract to produce oil, gas or other hydrocarbons, allow oil, gas or other hydrocarbons to be produced or deliver oil, gas or other hydrocarbons produced from the Assets without receiving full payment at the time of delivery of such oil, gas or other hydrocarbons, or to deliver oil, gas or other hydrocarbons in the future for which payment has already been received. To the Seller’s knowledge, Schedule I contains a complete and accurate list of the status of any “payout” balance, as of the Effective Time, for the Assets subject to a reversion or other adjustment at some level of cost recovery or payout (or passage of time or other event other than termination of a Lease by its terms).
Production Sales Contracts. Except for the Material Agreements listed in Exhibit E, no Oil and Gas produced from the Assets are subject to a sales contract (other than division orders or spot sales agreements terminable on no more than 30 days notice) and no person has any call upon, option to purchase or similar rights with respect to the production from the Assets.
Production Sales Contracts. Except as set forth on Schedule 3.1(i), no person has any call upon, right to purchase, option to purchase or similar rights with respect to any portion of the Hydrocarbons produced from and after the Effective Time that is not terminable on 30 days’ or less notice.
