Common use of Expenditure Obligations Clause in Contracts

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 of the Subsidiaries, the 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 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 of the SubsidiariesSubsidiary, the 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 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 of the SubsidiariesSubsidiary, the 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 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 of the Subsidiaries, the 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.