Common use of Gas Imbalances, Take-or-Pay or Other Prepayments Clause in Contracts

Gas Imbalances, Take-or-Pay or Other Prepayments. The Borrower will not, and will not permit any other Loan Party to, allow gas imbalances, take-or-pay or other prepayments with respect to the Oil and Gas Properties of the Borrower or any other Loan Party that would require the Borrower or such other Loan Party to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor to exceed three bcf of gas (on an mcf equivalent basis) in the aggregate.

Gas Imbalances, Take-or-Pay or Other Prepayments. The Borrower will not, and will not permit any other Loan Party Subsidiary to, allow gas imbalances, take-or-pay or other prepayments with respect to the Oil and Gas Properties of the Borrower or any other Loan Credit Party that would require the Borrower or such other Loan a Credit Party to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor to exceed three bcf two percent (2%) of the Credit Parties’ Proved Reserves of natural gas (on an mcf equivalent basis) in the aggregate.

Gas Imbalances, Take-or-Pay or Other Prepayments. The Borrower will not, and will not permit any other Loan Party to, allow gas imbalances, take-or-pay or other prepayments with respect to the Oil and Gas Properties of the Borrower or any other Loan Party that would require Party, other than those imbalances which (i) occur in the Borrower normal course of business, (ii) do not exceed 2% of the value of the proved producing reserves of the Loan Parties, or such other Loan Party to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor to exceed three bcf (iii) take-or-pay obligations not in excess of gas (on an mcf equivalent basis) $5,000,000 in the aggregate.

Gas Imbalances, Take-or-Pay or Other Prepayments. The Except for the Transportation Contracts, the Borrower will not, and will not permit any other Loan Party to, allow gas imbalances, take-take- or-pay or other prepayments with respect to the Oil and Gas Properties of the Borrower or any other Loan Party that would require the Borrower or such other Loan Party to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor to exceed three bcf two percent (2%) of gas the aggregate volumes of Hydrocarbons (on an mcf Mcf equivalent basis) listed in the aggregatemost recent Reserve Report.

Gas Imbalances, Take-or-Pay or Other Prepayments. The Borrower will not, and will not permit any other Loan Party or any of their respective Subsidiaries to, allow gas imbalances, take-or-pay obligations or other prepayments with respect to the Oil and Gas Properties of the Borrower or any other Loan Party that would require the Borrower or such other Loan Party to deliver Hydrocarbons on a monthly basis at some future time without then or thereafter receiving full payment therefor to exceed three bcf of gas (on an mcf equivalent basis) exceed, in the aggregate, $300,000 in any calendar year.