Common use of Current Commitments Clause in Contracts

Current Commitments. Schedule 3.15 sets forth, as of the date of this Agreement, all authorities for expenditures (“AFEs”) relating to the Purchased Assets to drill or rework ▇▇▇▇▇ or any other well or for other capital expenditures relating to any Purchased Asset, in each case for which all of the activities anticipated in such AFEs or commitments have not been completed by the date of this Agreement or which will be binding on Seller on or after the Effective Time or Buyer on or after the Closing Date.

Appears in 1 contract

Sources: Asset Purchase Agreement (Linn Energy, LLC)

Current Commitments. Schedule 3.15 6.18 sets forth, forth as of the date of this Agreement, Agreement all authorities authorizations for expenditures (“AFEs”) relating to the Purchased Assets to drill or rework w▇▇▇▇ or any other well or for other capital expenditures relating pursuant to any Purchased Asset, in each case of the Material Contracts or any applicable joint operating agreement for which all of the activities anticipated in such AFEs or commitments have not been completed by the date of this Agreement or which will be binding on Seller on or after the Effective Time or Buyer on or after the Closing DateAgreement.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Ring Energy, Inc.)

Current Commitments. Schedule 3.15 5.13 sets forth, as of the date of this Agreement, all authorities for expenditures (“AFEs”) relating to the Purchased Assets Properties to drill or rework ▇▇▇▇▇ or any other well or for other capital expenditures relating pursuant to any Purchased Asset, in each case of the Material Contracts or any applicable joint or unit operating agreement for which all of the activities anticipated in such AFEs or commitments have not been completed by the date of this Agreement or which will be binding on Seller on or after the Effective Time or Buyer on or after the Closing DateAgreement.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Energy Partners LTD)

Current Commitments. Schedule 3.15 4.12 sets forth, as of the date of this Agreement, all authorities for expenditures (“AFEs”) relating to the Purchased Assets Properties to drill or rework ▇▇Wells or ▇▇▇ or any other well or for other capital expenditures relating pursuant to any Purchased Asset, of the Material Contracts or any applicable joint operating agreement that have been sent or received by Seller and which in each case require expenditures in excess of $100,000 and for which all of the activities anticipated in such AFEs or commitments have not been completed by the date of this Agreement or which will be binding on Seller on or after the Effective Time or Buyer on or after the Closing DateAgreement.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Carrizo Oil & Gas Inc)