Examples of Hydrocarbons in a sentence
If requested by the Administrative Agent, concurrently with the delivery of any Reserve Report to the Administrative Agent, a list of all Persons purchasing material quantities of Hydrocarbons from the Borrower or any Restricted Subsidiary, which Persons, in the aggregate, represent purchasers of at least 70% of the aggregate production of the Borrower and the Restricted Subsidiaries.
Except for amendments made in the ordinary course of business adding additional xxxxx or production to existing marketing contracts, unless Sellers obtain the prior written consent of Buyer to act otherwise, Sellers shall not permit any Company Entity to enter into any new marketing contracts or agreements providing for the sale of Hydrocarbons produced from the Company- Operated Assets for a term beyond May 17, 2013.
Except with respect to Imbalances or as set forth on Schedule 4.14, no Person has any call upon, right to purchase or to market, option to purchase or market, or similar rights with respect to any portion of the Hydrocarbons produced from the Company-Operated Assets that is not terminable without penalty on less than three months’ notice.
To such Seller’s Knowledge, except as set forth on the applicable Annex of Schedule 5.30, Part B, all material proceeds from the sale of Hydrocarbons produced from the Oil and Gas Properties owned by such Subject Company or its Subsidiaries are being received by such Subject Company or its Subsidiaries in a timely manner consistent with historical practices and are not being held in suspense.
Except as disclosed in Schedule “3.5”, all Taxes and assessments based on or measured by such Seller’s ownership of property comprising its interest in the Properties or the production or removal of Hydrocarbons or the receipt of proceeds therefrom (including applicable escheatment requirements) have been timely paid when due and are not in arrears.