Current Commitments. Schedule 3.12 sets forth, as of the Execution Date, all authorities for expenditures or other capital commitments (“AFEs”) relating to the Assets to drill or rework ▇▇▇▇▇ or for other capital expenditures that will be binding on Buyers or any of the Assets after Closing for which all of the activities anticipated in such AFEs have not been completed by the Execution Date.
Appears in 2 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (SM Energy Co)
Current Commitments. Schedule 3.12 1.14 sets forth, as of the Execution Date, all authorities for expenditures or other specifically approved capital commitments (“AFEs”) relating to the Assets Conveyed Interests to drill or rework ▇▇▇▇▇ or for other capital expenditures that will be binding on Buyers Mitsui or any of the Assets Conveyed Interests after Closing for which all of the activities anticipated in such AFEs have not been completed by the Execution Date.
Appears in 2 contracts
Sources: Acquisition and Development Agreement, Acquisition and Development Agreement (SM Energy Co)