Commitments for Expenditures. Schedule 4.9 lists the open and outstanding authority for expenditures (“AFEs”) pertaining to the Seller Operated Assets of more than $100,000 each, and pertaining to the Assets not operated by Seller of more than $100,000 each, net to Seller’s interest. Except as set forth on Schedule 4.9 there are no open or outstanding AFEs of more than $100,000 each, net to Seller’s interest, which Seller has received from a third party operator, but has not responded to.
Appears in 2 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Forest Oil Corp)