Initial Guaranty Amount. As of the Effective Date, Guarantor guarantees to EnCana the Obligations up to Two Hundred Million U.S. Dollars (U.S. $200,000,000.00) of the Obligations (“Initial Guaranty Amount”). Effective on the Gathering System Completion Date, the Initial Guaranty Amount shall become Fifty Million U.S. Dollars (U.S. $50,000,000.00) until this Guaranty terminates.
Appears in 2 contracts
Sources: Gas Gathering and Treating Agreement (Vine Resources Inc.), Gas Gathering and Treating Agreement (Vine Resources Inc.)