Common use of Outstanding Capital Commitments Clause in Contracts

Outstanding Capital Commitments. As of the Effective Time, and the date hereof, there were no outstanding AFEs or other commitments to make capital expenditures which are binding on the Assets and which either respective Seller reasonably anticipates will individually require expenditures by the owner of the Assets after the Effective Time in excess of $250,000 other than those shown on Schedule 5.09 hereto.

Appears in 2 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Linn Energy, LLC)

Outstanding Capital Commitments. As of the Effective Time, and the date hereof, there were -------------------------------- no outstanding AFEs or other commitments to make capital expenditures which are binding on the Assets Properties and which either respective Seller reasonably anticipates will individually require expenditures by the owner of the Assets Properties after the Effective Time in excess of $250,000 50,000 other than those shown on Schedule 5.09 4.8 ------------- hereto.

Appears in 2 contracts

Sources: Asset Transfer Agreement (Sunburst Acquisitions Ii Inc), Asset Transfer Agreement (Sunburst Acquisitions Ii Inc)