Common use of Allowables Clause in Contracts

Allowables. To the knowledge of the Company, none of the oil and gas xxxxx operated by the Company on the Lands has been produced in excess of applicable production allowables imposed by applicable law, ordinance, rule, regulation, order, judgment or decree of any governmental entity, court or arbitration tribunal, since the Company acquired its interest therein. Such oil and gas xxxxx are not subject to any production penalty and, to the knowledge of the Company, it is not aware of any impending change in statutorily imposed or sanctioned production allowables imposed by applicable governmental entities currently applicable to any of the oil and gas xxxxx other than changes that are in the public domain.

Allowables. To the knowledge of the CompanyVendor, none of the oil and gas xxxxx operated by the Company Vendor, its subsidiaries, the Corporations or their respective Branches on the Lands has have been produced in excess of applicable production allowables imposed by applicable law, ordinance, rule, regulation, order, judgment or decree of any governmental entity, court or arbitration tribunal, Laws since the Company Vendor, the Corporations or their respective Branches acquired its interest therein. Such oil and gas xxxxx are not subject to any production penalty and, to the knowledge of the CompanyVendor and the Corporations, it is not aware of any impending change in statutorily imposed or sanctioned production allowables imposed by applicable governmental entities Governmental Entities currently applicable to any of the oil and gas xxxxx other than changes that which are in the public domain.;