Expenditure Obligations. Except as set forth on Schedule 9.2(f), ----------------------- Grande and the Partnership have not executed or are not otherwise contractually bound by any authority for expenditure with respect to any of the Operating Assets under any operating agreement, unit operating agreement, or other similar agreements. Except as set forth on Schedule 9.2(f), with respect to authorizations for expenditure relating to any of the Operating Assets, (i) there are no outstanding calls under such authorizations for expenditures for payments which are due or which Grande or the Partnership have committed to make which have not been made; (ii) there are no material operations with respect to which any of Grande and/or the Partnership has become a non-consenting party where the effect of such non-consent is not disclosed on Exhibit B, and (iii) there are no commitments for the expenditures of funds for drilling or other capital projects other than projects with respect to which the operator is not required under the applicable operating agreement to seek consent.
Expenditure Obligations. Except as set forth on Schedule 9.2(f), the Subsidiaries and the Partnership have not executed or are not otherwise contractually bound by any authority for expenditure with respect to any of the Operating Assets under any operating agreement, unit operating agreement, or other similar agreements that will obligate any of the Subsidiaries, the Partnership or Buyer to pay, after the Effective Time, more than $50,000 for a single project, operation or expenditure. Except as set forth on Schedule 9.2(f), with respect to authorizations for expenditure relating to any of the Operating Assets, which obligate any Subsidiary, Partnership or Buyer to pay more than $50,000, (i) there are no outstanding calls under such authorizations for expenditures for payments which are due or which the Subsidiaries or the Partnership have committed to make which have not been made; (ii) there are no material operations with respect to which any of the Subsidiaries and/or the Partnership has become a non-consenting party where the effect of such non-consent is not disclosed on Exhibit B, and (iii) there are no commitments for the expenditures of funds for drilling or other capital projects other than projects with respect to which the operator is not required under the applicable operating agreement to seek consent.
Expenditure Obligations. Except as set forth on Schedule 5.1(y), EPGC has not executed and is not otherwise contractually bound by any authority for expenditure with respect to any of the EPGC Assets under any operating agreement, unit operating agreement, or other similar agreements that will obligate EPGC to pay, after the Closing, more than $100,000 for a single project, operation or expenditure. Except as set forth on Schedule 5.1(y), with respect to authorizations for expenditure relating to any of the EPGC Assets which obligate EPGC to pay more than $100,000 for a single project, operation or expenditure, (i) there are no outstanding calls under such authorizations for expenditures for payments which are due or which EPGC has committed to make which have not been made, (ii) there are no material operations with respect to which EPGC has become a non-consenting party where the effect of such non-consent is not disclosed on Exhibit A and (iii) there are no commitments for the expenditures of funds for drilling or other capital projects other than projects with respect to which the operator is not required under the applicable operating agreement to seek consent.
Expenditure Obligations. Except as set forth on Schedule 5.2(y), Westport has not executed and is not otherwise contractually bound by any authority for 35 42 expenditure with respect to any of the Westport Assets under any operating agreement, unit operating agreement, or other similar agreements that will obligate EPGC to pay, after the Closing, more than $100,000 for a single project, operation or expenditure. Except as set forth on Schedule 5.2(y), with respect to authorizations for expenditure relating to any of the Westport Assets which obligate Westport to pay more than $100,000 for a single project, operation or expenditure, (i) there are no outstanding calls under such authorizations for expenditures for payments which are due or which Westport has committed to make which have not been made, (ii) there are no material operations with respect to which Westport has become a non-consenting party where the effect of such non-consent is not disclosed on Exhibit B and (iii) there are no commitments for the expenditures of funds for drilling or other capital projects other than projects with respect to which the operator is not required under the applicable operating agreement to seek consent.
Expenditure Obligations. Except as set forth on Schedule 3.27, the Companies have not executed and are not otherwise contractually bound by any authority for expenditure with respect to any of the Company Assets under any operating agreement, unit operating agreement, farmout or farmin agreement, pooling agreement, pooling designation, exploration agreement, participation agreement, transportation and gathering agreement, rig contract, pipe or other supply contract, area of mutual interest agreement, production sales agreement, marketing and processing agreement, contract or agreement to which any of the Companies is a named party that evidences an obligation to pay the deferred purchase price of property or services or other similar agreements (collectively, the “Significant Contracts”) that will obligate any of the Companies to pay, after the Closing, more than $500,000 for a single project, operation or expenditure. Except as set forth on Schedule 3.27, with respect to authorizations for expenditure relating to any of the Company Assets which obligate any of the Companies to pay more than $500,000 for a single project, operation or expenditure: (a) there are no outstanding calls under such authorizations for expenditures for payments which are due or which any of the Companies has committed to make which have not been made; (b) there are no material operations with respect to which any of the Companies has become a non-consenting party where the effect of such non-consent is not disclosed on Schedule 3.27; and (c) there are no commitments for the expenditures of funds for drilling or other capital projects other than projects with respect to which the operator is not required 28 under the applicable operating agreement to seek consent. The Significant Contracts and the Leases are in full force and effect and have not been modified or amended in any material respect, and none of the Companies is in default thereunder. Prior to the execution of this Agreement, the Companies furnished to Buyer true and complete copies of each Significant Contract and all amendments thereto.
Expenditure Obligations. Except for the expenditure of funds pursuant to the Investee Agreements, of which approximately $3.7 million remains to be expended as at May 31, 1998, Tarragon has no unsatisfied expenditure obligations relating to flow through shares.
