Sabalo definition
Examples of Sabalo in a sentence
Nothing has come to the attention of any of the Laredo Parties which would cause the Company or Sabalo to revise downward by any material amount the oil and natural gas proved reserve estimates of the Company and its subsidiaries or Sabalo contained in the Pricing Disclosure Package and the Final Offering Memorandum.
If the closing of the transactions contemplated by the Sabalo PSA occurs after the Closing Date, Purchaser will cause the Sabalo Tax Partnership to make a Code Section 754 election that will apply to the Tax year of the Sabalo Tax Partnership that includes the Closing Date, and Seller consents to such election and will cooperate, as reasonably requested by Purchaser, in connection with the making of such election.
Notwithstanding anything to the contrary in this Agreement or otherwise, if the closing of the transactions contemplated by the Sabalo PSA occurs on the Closing Date, the Parties agree to report Purchaser’s acquisition of the assets constituting the Sabalo Tax Partnership in accordance with the principles of Situation 2 of Rev.
Signature: Address: Contact Person: Telephone No: Email: THIS STANDSTILL AGREEMENT, dated as of [_____], 2021 (this “Agreement”), is entered into by and among Laredo Petroleum, Inc., a Delaware corporation (the “Company”), Sabalo Energy, LLC, a Delaware limited liability company (“Seller”), and EnCap Capital Fund IX, L.P. (“EnCap” and, together with Seller, the “Seller Parties”).
Accordingly, Sabalo Operating need not be a party to any escrow agreement contemplated hereby and will not under any circumstances become a holder of any Purchaser Common Stock that is or may be issued to Sabalo Energy pursuant to this Agreement.
In furtherance of the foregoing and notwithstanding anything to the contrary contained in this Agreement, each of Sabalo Energy and Sabalo Operating hereby irrevocably direct and instruct Purchaser to make all such payments and issuances (including in respect of the Cash Purchase Price and Stock Purchase Price) to Sabalo Energy alone (and not to Sabalo Operating) and relevant provisions of this Agreement shall be construed accordingly.
T▇▇▇▇▇▇▇▇▇ FHK, PLLC, who has certified certain financial statements of Sabalo, is an independent registered public accounting firm with respect to Sabalo within the applicable rules and regulations adopted by the Commission and the Public Company Accounting Oversight Board (United States) and as required by the Securities Act.
This Sixth Amendment shall constitute written notice of such request to the Banks and, as part of such request, the Borrower has provided a Reserve Report with respect to the Borrower’s existing Borrowing Base Properties (other than the Legacy Assets) and an additional reserve report with respect to the Sabalo Assets, in each case, prepared as of a date not more than 30 days prior to the Sixth Amendment Effective Date.
All notices shall be addressed as follows: If to Seller: Sabalo Energy, LLC ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇., ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇ ▇▇▇▇▇ Email: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇▇ LLP ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇ Email: ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇; ▇▇▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇ If to Purchaser: Laredo Petroleum, Inc.