Common use of Outstanding Capital Commitments Clause in Contracts

Outstanding Capital Commitments. As of the Execution Date, there are no outstanding commitments to make capital expenditures that are binding on the Properties and which Seller reasonably anticipates will individually require expenditures by the Buyer after Closing in excess of five hundred thousand dollars ($500,000), other than those set forth on Schedule 2.2(a)(viii) or Schedule 3.1(p).

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Sandridge Energy Inc)

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Outstanding Capital Commitments. As of the Execution Date, there are no outstanding contractual commitments to make capital expenditures that are binding on the Conveyed Properties (other than the Buyer Operated Properties) and which Seller reasonably anticipates will individually require expenditures by the Buyer after Closing in excess of five hundred thousand dollars $50,000 ($500,000net to Company Parties’ interest), other than those set forth on Schedule 2.2(a)(viii) or Schedule 3.1(p4.1(o).

Appears in 1 contract

Samples: Purchase and Sale Agreement (WildHorse Resource Development Corp)

Outstanding Capital Commitments. As of the Execution Date, there are no outstanding commitments to make capital expenditures that are binding on the Properties and which Seller reasonably anticipates will individually require expenditures by the Buyer after Closing in excess of five one hundred thousand dollars ($500,000100,000), other than those set forth on Schedule 2.2(a)(viii) or Schedule 3.1(p3.1(n).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Abraxas Petroleum Corp)

Outstanding Capital Commitments. As of the Execution Dateexecution date, there are no outstanding contractual commitments to make capital expenditures that are binding on the Properties or Seller and which Seller reasonably anticipates will individually require expenditures by the Buyer Purchaser after Closing in excess of five hundred thousand dollars $50,000 ($500,000net to Seller’s interest), other than those set forth on in Schedule 2.2(a)(viii) or Schedule 3.1(p(o).

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Infinity Energy Resources, Inc)

Outstanding Capital Commitments. As of the Execution Date, there are no outstanding contractual commitments to make capital expenditures that are binding on the Properties and which such Party Seller reasonably anticipates will individually require expenditures by the Buyer after Closing in excess of five one hundred thousand dollars ($500,000)100,000) (net to Seller’s interest) per Property, other than those set forth on Schedule 2.2(a)(viii3.2(a)(x) or Schedule 3.1(p4.1(o).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Diamondback Energy, Inc.)

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Outstanding Capital Commitments. As of the Execution Date, there are no outstanding commitments to make capital expenditures that are binding on the Properties and which Seller reasonably anticipates will individually require expenditures by the Buyer after Closing in excess of five hundred fifty thousand dollars ($500,000)50,000) per Property, other than those set forth on Schedule 2.2(a)(viii) or Schedule 3.1(p3.1(r).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Linn Energy, LLC)

Outstanding Capital Commitments. As of the Execution Date, there are no outstanding contractual commitments to make capital expenditures that are binding on the Properties or any Seller and which any Seller reasonably anticipates will individually require expenditures by the Buyer after Closing in excess of five hundred thousand dollars $50,000 ($500,000net to Sellers’ interest), other than those set forth on Schedule 2.2(a)(viii) in the Capital Budget or Schedule 3.1(p).

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (PDC Energy, Inc.)

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