Reserve Report Certificate definition

Reserve Report Certificate means a certificate of an Authorized Officer in substantially the form of Exhibit A certifying as to the matters set forth in Section 9.14(c).

Reserve Report Certificate means a certificate of a Responsible Officer in substantially the form of Exhibit N certifying as to the matters set forth in Section 6.02(f).

Reserve Report Certificate has the meaning assigned to such term in Section 8.12(c).

Examples of Reserve Report Certificate in a sentence

• The Administrative Agent shall have received a completed Reserve Report Certificate duly executed by a Responsible Officer of the Borrower, dated as of the Closing Date.

• Except as set forth on Schedule 7.18 or on the most recent Reserve Report Certificate, on a net basis there are no gas imbalances, take or pay or other prepayments which would require the Borrower and the Restricted Subsidiaries to deliver, in the aggregate, two percent (2%) or more of the monthly production from Hydrocarbons produced from the Oil and Gas Properties of the Borrower and the Restricted Subsidiaries at some future time without then or thereafter receiving full payment therefor.

• Concurrent with delivery of each Reserve Report furnished pursuant to Section 8.07, a completed Reserve Report Certificate, duly executed by a Responsible Officer.

• Except as set forth on Schedule 7.18 or on the most recent Reserve Report Certificate, on a net basis there are no take or pay or other prepayments which would require the Borrower or any of its Restricted Subsidiaries to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.

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More Definitions of Reserve Report Certificate

Reserve Report Certificate has the meaning set forth in Section 8.12(c).

Reserve Report Certificate has the meaning set forth in Section 5.2(c)(iii).

Reserve Report Certificate means, with respect to any Reserve Report or Asset Coverage Reserve Report, a certificate from a Responsible Officer certifying that in all material respects: (a) such report is based on information reasonably available to the Borrower; (b) the Borrower or its Subsidiaries owns good and defensible title to the Oil and Gas Interests evaluated in such report (except any such Oil and Gas Interests that have been Disposed of since the date of such report as permitted by this Agreement) and such properties are free and clear of all Liens except for Liens permitted by Section 7.02; (c) except as set forth on an exhibit to the Reserve Report Certificate, on a net basis there are no gas imbalances, take-or-pay or other prepayments with respect to its Oil and Gas Interests evaluated in such report which would require the Borrower or any Subsidiary to deliver Hydrocarbons either generally or produced from Oil and Gas Interests at some future time without then or thereafter receiving full payment therefor; (d) except as set forth on an exhibit to the Reserve Report Certificate, none of the Borrower’s or its Subsidiaries’ Oil and Gas Interests have been Disposed of since the last delivery of the corresponding report, which exhibit shall describe in reasonable detail such Dispositions; (e) attached to the Reserve Report Certificate is a list of all Material Sales Contracts and all material marketing agreements; (f) the Borrower is in compliance with Section 6.09; and (g) except as set forth on an exhibit to the Reserve Report Certificate, all such properties are owned by the Borrower or a Guarantor.

Reserve Report Certificate means a certificate of a Responsible Officer in substantially the form of Exhibit I attached hereto certifying as the matters set forth in Section 8.11(c).

Reserve Report Certificate means a certificate of an Authorized Officer in substantially the form of Exhibit A certifying as to the matters set forth in Section 9.14(c) (or such other form reasonably acceptable to the Administrative Agent).

Reserve Report Certificate means, collectively, the certificates from Borrower substantially in the form of Exhibit F.

Reserve Report Certificate has the meaning set forth in Section 5.14(d).