Common use of Engineering Reports Clause in Contracts

Engineering Reports. (a) Not less than forty-five (45) days prior to each Scheduled Redetermination Date, commencing with the Scheduled Redetermination Date to occur on December 1, 2005, the Borrower shall furnish to the Agent and the Lenders a Reserve Report. The Reserve Report for the June 1 redetermination shall be prepared by certified independent petroleum engineers or other independent petroleum consultant(s) acceptable to the Agent and the Reserve Report for the December 1 redetermination shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately proceeding June 1 Reserve Report.

Appears in 1 contract

Samples: Credit Agreement (Crimson Exploration Inc.)

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Engineering Reports. (a) Not less than forty-five (45) 30 days prior to each Scheduled Redetermination Date, commencing with the Scheduled Redetermination Date to occur on December January 1, 20051999, the Borrower shall furnish to the Agent and the Lenders a Reserve Report. The Reserve Report for the to be delivered by June 1 redetermination of each year shall be prepared by certified independent petroleum engineers or other independent petroleum consultant(s) acceptable to the Agent Agent, and the Reserve Report for the to be delivered by December 1 redetermination of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately proceeding June 1 Reserve Report.

Appears in 1 contract

Samples: Credit Agreement (Atp Oil & Gas Corp)

Engineering Reports. (a) Not less No later than forty-five (45) 30 days prior to each Scheduled Redetermination Date, commencing with the Scheduled Redetermination Date to occur on December 1September 15, 20051998, the Borrower shall furnish to the Agent and the Lenders a Reserve Report. The June 30 Reserve Report for the June 1 redetermination of each year shall be prepared by certified independent petroleum engineers or other independent petroleum consultant(s) acceptable to the Agent and the December 31 Reserve Report for the December 1 redetermination of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately proceeding June 1 30 Reserve Report.

Appears in 1 contract

Samples: Credit Agreement (Corrida Resources Inc)

Engineering Reports. (a) Not less than forty-five thirty (4530) days prior to each Scheduled Redetermination Date, commencing with the Scheduled Redetermination Date to occur on December 1March 15, 20051997, the Borrower shall furnish to the Agent and the Lenders Lender a Reserve Report. The February 15 Reserve Report for the June 1 redetermination of each year shall be prepared by certified independent petroleum engineers or other independent petroleum consultant(s) acceptable to the Agent Lender and the August 15 Reserve Report for the December 1 redetermination of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately proceeding June 1 February 15 Reserve Report.

Appears in 1 contract

Samples: Credit Agreement (Midland Resources Inc /Tx/)

Engineering Reports. (a) Not less than forty-five (45) 30 days prior to each Scheduled Redetermination Date, commencing with the Scheduled Redetermination Date to occur on December 1, 20051999, the Borrower shall furnish to the Agent and the Lenders a Reserve Report. The Reserve Report for the June to be delivered by April 1 redetermination of each year shall be prepared by certified independent petroleum engineers or other independent petroleum consultant(s) acceptable to the Agent and the Reserve Report for the December to be delivered by October 1 redetermination of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately proceeding June preceding April 1 Reserve Report.

Appears in 1 contract

Samples: Credit Agreement (McMoran Oil & Gas Co /De/)

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Engineering Reports. (a) Not less than forty-five thirty (4530) days prior to each Scheduled Redetermination Date, commencing with the Scheduled Redetermination Date to occur on December October 1, 20052004, the Borrower shall furnish to the Agent and the Lenders a Reserve Report. The Reserve Report for the June as of January 1 redetermination of each year shall be prepared by certified independent petroleum engineers or other independent petroleum consultant(s) acceptable to the Agent and the Reserve Report for the December as of July 1 redetermination of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately proceeding June 1 preceding Reserve ReportReport as of January 1.

Appears in 1 contract

Samples: Credit Agreement (Mission Resources Corp)

Engineering Reports. (a) Not less No later than forty-five (45) 30 days prior to each Scheduled Redetermination Re-determination Date, commencing with the Scheduled Redetermination Re-determination Date to occur on December 1March 15, 2005, 2000 the Borrower shall furnish to the Agent Agents and the Lenders a Reserve Report. The June 30 Reserve Report for the June 1 redetermination of each year shall be prepared by certified independent petroleum engineers or other independent petroleum consultant(s) acceptable to the Administrative Agent and the December 31 Reserve Report for the December 1 redetermination of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately proceeding June 1 30 Reserve Report.

Appears in 1 contract

Samples: Credit Agreement (Corrida Resources Inc)

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