Common use of Production Tests Clause in Contracts

Production Tests. Until each well in the APOD has been completed, not later than forty-five (45) days after the end of each fiscal quarter (commencing with the fiscal quarter ending December 31, 2021 and prior to December 31, 2023), a certificate of a Responsible Officer setting forth reasonably detailed calculations showing compliance or non-compliance with the PDP Production Test as of the last day of such fiscal quarter; provided that, for the avoidance of any doubt, no such certificate shall be required on or after December 31, 2023.

Appears in 2 contracts

Sources: Senior Secured Credit Agreement (Battalion Oil Corp), Senior Secured Credit Agreement (Battalion Oil Corp)

Production Tests. Until each well in the APOD has been completed, not later than forty-five (45) days after the end of each fiscal quarter (commencing with the fiscal quarter ending December 31, 2021 and prior to December 31, 20232021), a certificate of a Responsible Officer setting forth reasonably detailed calculations showing compliance or non-compliance with the PDP Production Test as of the last day of such fiscal quarter; provided that, for the avoidance of any doubt, no such certificate shall be required on or after December 31, 2023.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Battalion Oil Corp)