Obligations Relating to Operations. With respect to operations relating to the Assets, except as set forth on Exhibit 4.11: (a) there are no gas production, processing, sales, transportation or other imbalances as of the Effective Time between Seller and any third party; (b) there are no material non-consent operations with respect to any Leasehold Interest which have resulted or will result in a temporary or permanent increase or decrease in Seller’s interest in such Leasehold Interest from that set forth on Exhibit A-2 for the applicable unit or well; (c) there are no binding commitments with respect to the Assets that will result in Purchaser incurring after the Closing Date capital expenditures with respect to any one unit or well in excess of $5,000, or $25,000 with respect to the Assets in the aggregate.
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Obligations Relating to Operations. With respect to operations relating to the Assets, except as set forth on Exhibit 4.113.12: (a) there are no gas production, processing, sales, transportation or other imbalances as of the Effective Time between Seller and any third party; (b) there are no material non-consent operations with respect to any Leasehold Interest which have resulted or will result in a temporary or permanent increase or decrease in Seller’s interest in such Leasehold Interest from that set forth on Exhibit A-2 for the applicable unit or well; (c) there are no binding commitments with respect to the Assets that will result in Purchaser incurring after the Closing Date capital expenditures with respect to any one unit or well in excess of $5,000, or $25,000 with respect to the Assets in the aggregate.
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Sources: Purchase and Sale Agreement (True North Energy CORP)