Lease Operating Expense. Borrower and IOGTx shall not permit the lease operating expense on the Texas properties of IOGTx to exceed an average of $2,500 per well per month.
Appears in 3 contracts
Samples: Second Forbearance Agreement (Infinity Energy Resources, Inc), Second Forbearance Agreement (Infinity Energy Resources, Inc), First Forbearance Agreement (Infinity Energy Resources, Inc)
Lease Operating Expense. By March 31, 2008, Borrower and IOGTx shall provide evidence to Lender that the lease operating expense on the Texas properties of IOGTx does not exceed an average of $2,500 per well per month; and thereafter Borrower and IOGTx shall not permit the lease operating expense on the Texas properties of IOGTx to exceed an average of $2,500 per well per month.
Appears in 1 contract
Samples: Infinity Energy Resources, Inc
