Common use of Gas Imbalances, Prepayments Clause in Contracts

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-pay or other prepayments which would require any Loan Party to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) of the aggregate volumes of Hydrocarbons (on an Mcf equivalent basis) listed in the most recent Reserve Report.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Restricted Subsidiaries to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) one-half bcf of the aggregate volumes of Hydrocarbons gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Restricted Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) a volume equal to 1% of the aggregate volumes of Hydrocarbons total proved reserves (on an Mcf mcf equivalent basis) listed set forth in the most recent recently delivered Reserve ReportReport in the aggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require any Loan Party the Borrower to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) one-half bcf of the aggregate volumes of Hydrocarbons gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party Restricted Subsidiary to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 500,000 Mcf of the aggregate volumes of Hydrocarbons gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Restricted Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) a volume equal to 2% of the aggregate volumes of Hydrocarbons total proved reserves (on an Mcf mcf equivalent basis) listed set forth in the most recent recently delivered Reserve ReportReport in the aggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require any Loan Credit Party to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.02%) of the aggregate volumes Credit Parties’ Proved Reserves of Hydrocarbons natural gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of the Subsidiaries to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) one half bcf of the aggregate volumes of Hydrocarbons gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require any Loan Party the Credit Parties to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 500,000 Mcf of the aggregate volumes of Hydrocarbons gas (on an Mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of the Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 75,000 Mcf of the aggregate volumes of Hydrocarbons gas (on an Mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-imbalances take or pay or other prepayments which would require any Loan Party to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) of the aggregate volumes of Hydrocarbons natural gas (on an Mcf equivalent basis) listed in the most recent Reserve Report.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.17 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of the Subsidiaries to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) one half bcf of the aggregate volumes of Hydrocarbons gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 or as set forth on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require any Loan Party to deliver Hydrocarbons produced from their the proved Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) of 500 mmcf equivalent in the aggregate volumes of Hydrocarbons (on an Mcf equivalent basis) listed in the most recent Reserve Reportfor all Loan Parties.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-pay or other prepayments imbalances which would require any Loan Party to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) % of the aggregate volumes of Hydrocarbons natural gas (on an Mcf equivalent basis) listed in the most recent Reserve Report.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Parent or any Loan Party of its Subsidiaries to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) one-half bcf of the aggregate volumes of Hydrocarbons gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c8.12(b), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of the Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 75,000 Mcf of the aggregate volumes of Hydrocarbons gas (on an Mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 or on the most recent certificate delivered pursuant to Section 8.12(c), ) on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Restricted Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) one-half bcf of the aggregate volumes of Hydrocarbons gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Restricted Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two and one-half percent (2.02.5%) of the aggregate volumes of Hydrocarbons (on an Mcf equivalent basis) listed in the most recent Reserve Report.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 4.18 on the Second Amendment Effective Date or on the most recent certificate delivered pursuant to Section 8.12(c6.11(b), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require any Loan Party Group Member to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two one percent (2.01.0%) of the aggregate volumes of Hydrocarbons (on an Mcf equivalent basis) listed in the most recent Reserve Report.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 or on the most recent certificate delivered pursuant to Section 8.12(c8.12(b), on a net basis there are no gas imbalances, take-or-imbalances take or pay or other prepayments which would require any Loan Note Party to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) of the aggregate volumes of Hydrocarbons natural gas (on an Mcf equivalent basis) listed in the most recent Reserve Report.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 500,000 Mcf of the aggregate volumes of Hydrocarbons gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Restricted Subsidiaries to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) one bcf of the aggregate volumes of Hydrocarbons gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate Reserve Report Certificate delivered pursuant to Section 8.12(c)8.11(c) or as disclosed in writing to the Administrative Agent, on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Parent Guarantor or any Loan other Credit Party to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 800,000 Mcf of the aggregate volumes of Hydrocarbons gas (on an Mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except As of the date hereof, except as set forth on Schedule 7.19 or on the most recent certificate delivered pursuant to Section 8.12(c7.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require any Loan Party to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) of 150 mmcf equivalent in the aggregate volumes of Hydrocarbons (on an Mcf equivalent basis) listed in the most recent Reserve Reportfor all Loan Parties.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 or on 7.18, as of the most recent certificate delivered pursuant to Section 8.12(c)date hereof, on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require any Loan Party to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) $50,000 of the aggregate volumes of Hydrocarbons gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 or on the most recent certificate delivered pursuant to Section 8.12(c)7.19, on a net basis there are no gas imbalances, take-or-imbalances take or pay or other prepayments which would require any Loan Party to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) of the aggregate volumes of Hydrocarbons natural gas (on an Mcf equivalent basis) listed in the most recent Initial Reserve Report.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 4.18 or on the most recent certificate delivered pursuant to Section 8.12(c6.11(b), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require any Loan Party Group Member to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two one percent (2.01.0%) of the aggregate volumes of Hydrocarbons (on an Mcf equivalent basis) listed in the most recent Reserve Report.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate recently delivered pursuant to Section 8.12(c)Reserve Report Certificate, on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Restricted Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 250,000 Mcf of the aggregate volumes of Hydrocarbons gas (on an Mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of the Restricted Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 75,000 Mcf of the aggregate volumes of Hydrocarbons gas (on an Mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require any Loan Party to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 50,000 of the aggregate volumes of Hydrocarbons gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or as set forth on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require any Loan Party to deliver Hydrocarbons produced from their the proved Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) of 500 mmcf equivalent in the aggregate volumes of Hydrocarbons (on an Mcf equivalent basis) listed in the most recent Reserve Reportfor all Loan Parties.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c8.11(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require any Loan Party the Credit Parties to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 500,000 Mcf of the aggregate volumes of Hydrocarbons gas (on an Mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 or on the most recent certificate delivered pursuant to Section 8.12(c)7.18, on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Restricted Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two and one-half percent (2.02.5%) of the aggregate volumes of Hydrocarbons (on an Mcf equivalent basis) listed in the most recent Reserve Report.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 3.23 or on the most recent certificate delivered pursuant to Section 8.12(c5.13(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which (including pursuant to an Advance Payment Contract) that would require the Borrower or any Loan Party of its Restricted Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 2% of the aggregate annual volumes of Hydrocarbons (on an a Mcf equivalent basis) of the Borrower and its Restricted Subsidiaries listed in the most recent Reserve Report.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Restricted Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) a volume equal to 12% of the aggregate volumes of Hydrocarbons total proved reserves (on an Mcf mcf equivalent basis) listed set forth in the most recent recently delivered Reserve ReportReport in the aggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c8.11(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 20,000 mcf of the aggregate volumes of Hydrocarbons gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c8.12 (b), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 500,000 Mcf of the aggregate volumes of Hydrocarbons gas (on an Mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 100,000 Mcf of the aggregate volumes of Hydrocarbons gas (on an Mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require any Loan Credit Party to deliver Hydrocarbons produced from their its Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) one-half bcf of the aggregate volumes of Hydrocarbons gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except As of the date hereof, except as set forth on Schedule 7.19 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 50,000 Mcf of the aggregate volumes of Hydrocarbons gas (on an Mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 or on the most recent certificate delivered pursuant to Section 8.12(c), or which occurred prior to the ownership of any of the Properties by any Loan Party and was not previously disclosed to Borrower, on a net basis there are no gas imbalances, take-or-imbalances take or pay or other prepayments which would require any Loan Party to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two three percent (2.03%) of the aggregate volumes of Hydrocarbons natural gas (on an Mcf equivalent basis) listed in the most recent Reserve Report.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 500,000 Mcf of the aggregate volumes of Hydrocarbons gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c8.11(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require any the Loan Party Parties to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) one half bcf of the aggregate volumes of Hydrocarbons gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except As of the date hereof, except as set forth on Schedule 7.19 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 50,000 Mcf of the aggregate volumes of Hydrocarbons gas (on an Mcf equivalent basis) listed in the most recent Reserve Reportaggregate.

Gas Imbalances, Prepayments. Except as set forth on Schedule 7.19 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take-or-take or pay or other prepayments which would require the Borrower or any Loan Party of its Restricted Subsidiaries to deliver Hydrocarbons produced from their the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) 2.0 bcf of the aggregate volumes of Hydrocarbons gas (on an Mcf mcf equivalent basis) listed in the most recent Reserve Reportaggregate.