Imbalances or Other Prepayments. The Borrower and its Consolidated Subsidiaries will not allow gas imbalances, take-or-pay or other prepayments with respect to the Pipeline Properties of the Borrower and its Consolidated Subsidiaries which would require the Borrower and its Consolidated Subsidiaries to gather in the aggregate five percent (5%) or more of the Hydrocarbons throughput on a monthly basis from the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.
Appears in 2 contracts
Sources: Revolving Credit and Term Loan Agreement (Atlas Pipeline Holdings, L.P.), Revolving Credit and Term Loan Agreement (Atlas Pipeline Partners Lp)
Imbalances or Other Prepayments. The Borrower and its Consolidated Subsidiaries will not allow Allow gas imbalances, take-or-pay or other prepayments with respect to the Pipeline Properties of the Borrower and its Consolidated Subsidiaries which would require the Borrower and its Consolidated Subsidiaries to gather in the aggregate five percent (5%) or more of the Hydrocarbons throughput on a monthly basis from the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.
Appears in 1 contract