Common use of Marketing Agreements Clause in Contracts

Marketing Agreements. Except as set forth in Schedule 5.22 and except to the extent permitted under Section 7.21, the Oil and Gas Properties (and the production therefrom) are not subject to any purchase agreement, sale agreement or similar marketing arrangement not cancelable on sixty (60) days’ notice, nor are any of the Oil and Gas Properties subject to any agreements with any companies affiliated with Borrower that cannot be terminated immediately without penalty, cost or liability to Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Loan Agreement (Miller Energy Resources, Inc.)

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Marketing Agreements. Except as set forth in Schedule 5.22 and except to the extent permitted under Section 7.21, the Oil and Gas Properties (and the production therefrom) are not subject to any purchase agreement, sale agreement or similar marketing arrangement not cancelable on sixty (60) days’ days notice, nor are any of the Oil and Gas Properties subject to any agreements with any companies affiliated with Borrower that cannot be terminated immediately without penalty, cost or liability to Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Loan Agreement (Miller Energy Resources, Inc.)

Marketing Agreements. Except as set forth in Schedule 5.22 and except to the extent permitted under Section 7.217.23, the Oil and Gas Properties (and the production therefrom) are not subject to any purchase agreement, sale agreement or similar marketing arrangement not cancelable on sixty thirty (6030) days’ days notice, nor are any of the Oil and Gas Properties subject to any agreements with any companies affiliated with Borrower that cannot be terminated immediately upon Closing without penalty, cost or liability to Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Loan Agreement (Ram Energy Resources Inc)

Marketing Agreements. Except as set forth in Schedule 5.22 and except to the extent permitted under Section 7.21, the Oil and Gas Properties (and the production therefrom) are not subject to any purchase agreement, sale agreement or similar marketing arrangement not cancelable on sixty (60) days' notice, nor are any of the Oil and Gas Properties subject to any agreements with any companies affiliated with Borrower that cannot be terminated immediately without penalty, cost or liability to Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Loan Agreement (Miller Energy Resources, Inc.)

Marketing Agreements. Except as set forth in Schedule 5.22 and except to the extent permitted under Section 7.215.27, the Oil and Gas Properties (and the production therefrom) are not subject to any purchase agreement, sale agreement or similar marketing arrangement not cancelable on sixty thirty (6030) days’ days notice, nor are any of the Oil and Gas Properties subject to any agreements with any companies affiliated with Borrower that cannot be terminated immediately upon Closing without penalty, cost or liability to Borrower or any of its SubsidiariesAgent.

Appears in 1 contract

Samples: Loan and Security Agreement (Ram Energy Inc/Ok)

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Marketing Agreements. Except as set forth in Schedule 5.22 and except to the extent permitted under Section 7.215.27, the Oil and Gas Properties (and the production therefrom) are not subject to any purchase agreement, sale agreement or similar marketing arrangement not cancelable by Borrower on sixty forty-five (6045) days’ noticedays notice from the first day of the next succeeding month, nor are any of the Oil and Gas Properties subject to any agreements with any companies affiliated with Borrower that cannot be terminated immediately upon the Closing Date without penalty, cost or liability to Borrower or any of its SubsidiariesBorrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Petsec Energy Inc)

Marketing Agreements. Except as set forth in Schedule 5.22 5.27 and except to the extent permitted under Section 7.217.27, the Oil and Gas Properties (and the production therefrom) are not subject to any purchase agreement, sale agreement or similar marketing arrangement not cancelable on sixty thirty (6030) days’ days notice, nor are any of the Oil and Gas Properties subject to any agreements with any companies affiliated with Borrower that cannot be terminated immediately upon Closing without penalty, cost or liability to Borrower or any of its SubsidiariesBorrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Southwest Royalties Holdings Inc)

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