Take-or-Pay or Other Prepayments. Parent and the Borrower will not, and will not permit any other Loan Party to, allow take-or-pay or other prepayments with respect to the Oil and Gas Properties of the Borrower or any other Loan Party that would require the Borrower or such other Loan Party to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor.
Take-or-Pay or Other Prepayments. The Borrower will not enter into any take-or-pay agreements with respect to the Oil and Gas Properties of the Borrower, any of its Subsidiaries, or any Guarantor which would require the Borrower, any of its Subsidiaries or any Guarantor to deliver Hydrocarbons produced on Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.
Take-or-Pay or Other Prepayments. The Borrower will not, and will not permit any Restricted Subsidiary to, allow take-or-pay or other prepayments with respect to the Oil and Gas Properties of the Borrower or any Restricted Subsidiary that would require the Borrower or such Restricted Subsidiary to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor; provided that such restriction shall not apply to gas imbalances incurred in the ordinary course of business.
Take-or-Pay or Other Prepayments. The Borrower will not allow take-or-pay or other prepayments with respect to the Oil and Gas Properties of the Borrower or any Subsidiary.
Take-or-Pay or Other Prepayments. Allow arrangements with respect to the Oil and Gas Properties of the Parent, the Borrower or any Restricted Subsidiary that would require the Parent, the Borrower or such Restricted Subsidiary to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor to exceed three (3) bcf of gas (on an mcf equivalent basis) in the aggregate.
Take-or-Pay or Other Prepayments. Each Loan Party will not receive prepayments in excess of $500,000 outstanding in the aggregate at any time (whether under take-or-pay contracts or otherwise) with respect to the sale or exchange of Hydrocarbons from Oil and Gas Properties of a Loan Party or any Restricted Subsidiary.
Take-or-Pay or Other Prepayments. Borrower will not, and will not permit any Restricted Subsidiary to, allow take or pay or other prepayments with respect to the Proved Oil and Gas Properties of Borrower or any Restricted Subsidiary that would require Borrower or such Restricted Subsidiary to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor to exceed the greater of (a) 1,000,000 mcf in the aggregate and (b) 5.0% of the aggregate annual production of gas from the Oil and Gas Properties of Borrower and its Restricted Subsidiaries during the most recent calendar year (on an mcf equivalent basis).
Take-or-Pay or Other Prepayments. No Borrower shall, nor shall any Borrower permit any of its Subsidiaries to, allow take-or-pay or other prepayments with respect to the Oil and Gas Properties of the Parent or any Subsidiary which would require the Parent or any Subsidiary to deliver any volumes of their respective Hydrocarbons produced on a monthly basis from such Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor, except that the Parent and its Subsidiaries may have take-or-pay or other similar obligations of the type described in this Section 6.13 in a net aggregate amount not to exceed $10,000,000 at any time (net of balancing receivables or assets owing by third parties to the Parent or such Subsidiaries).
Take-or-Pay or Other Prepayments. No Borrower shall, nor shall any Borrower permit any of its Subsidiaries to, allow gas imbalances (other than those imbalances which (a) occur in the ordinary course of business and (b) do not, in the aggregate, exceed 1% of the value of the Proven Reserves of the Borrowers and their respective Subsidiaries), take-or-pay or other prepayments with respect to the Oil and Gas Properties of any Borrower or any Subsidiary which would require any Borrower or any Subsidiary to deliver any volumes of their respective Hydrocarbons produced on a monthly basis from such Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.
Take-or-Pay or Other Prepayments. The Issuer will not, and will not permit any other Note Party to, allow take-or-pay or other prepayments with respect to the Oil and Gas Properties of the Issuer or any other Note Party that would require the Issuer or such other Note Party to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor to exceed $1,000,000 in the aggregate.
