Common use of Marketing of Production Clause in Contracts

Marketing of Production. Except for contracts listed and in effect on the Effective Date on Schedule 7.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report Certificate (with respect to all of which contracts the Borrower represents that it or its Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which are not cancelable on sixty (60) days’ notice or less without penalty or detriment for the sale of production from the Borrower’s and the Restricted Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of more than six (6) months from the date of delivery of such Reserve Report Certificate.

Appears in 6 contracts

Samples: Credit Agreement (Northern Oil & Gas, Inc.), Credit Agreement (Northern Oil & Gas, Inc.), Credit Agreement (Northern Oil & Gas, Inc.)

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Marketing of Production. Except for contracts listed and in effect on the Effective Date date hereof on Schedule 7.193.18, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report Certificate (with respect to all of which contracts the Parent and the Borrower represents represent that it they or its the Restricted Subsidiaries are receiving a price for all production sold thereunder which that is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which that are not cancelable on sixty (60) days’ 60 days notice or less without penalty or detriment for the sale of production from the Parent’s, the Borrower’s and or the Restricted Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) and that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of more longer than six (6) months from the date of delivery of such Reserve Report Certificatehereof.

Appears in 3 contracts

Samples: Credit Agreement (Penn Virginia Corp), Credit Agreement (Penn Virginia Corp), Credit Agreement (Penn Virginia Corp)

Marketing of Production. Except for contracts listed and in effect on the Effective Date date hereof on Schedule 7.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report Certificate (with respect to all of which contracts the Borrower represents that it or its Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which are not cancelable on sixty (60) days’ notice or less without penalty or detriment for the sale of production from the Borrower’s and the or its Restricted Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, purchase production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of more longer than six (6) months from the date of delivery of such Reserve Report Certificatehereof.

Appears in 3 contracts

Samples: Possession Credit Agreement (Halcon Resources Corp), Senior Secured Revolving Credit Agreement (Halcon Resources Corp), Senior Secured Revolving Credit Agreement (Halcon Resources Corp)

Marketing of Production. Except for contracts listed and in effect on the Effective Date date hereof on Schedule 7.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report Certificate (with respect to all of which contracts the Borrower represents that it or its Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist (other than Swap Agreements permitted under Section 9.18) which are not cancelable on sixty (60) days’ 60 days notice or less without penalty or detriment for the sale of production from the Borrower’s and the Restricted or its Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of more than six (6) months from the date of delivery of such Reserve Report Certificatehereof.

Appears in 2 contracts

Samples: Credit Agreement (EV Energy Partners, LP), Credit Agreement (EV Energy Partners, LP)

Marketing of Production. Except for contracts listed and in effect on the Effective Date date hereof on Schedule 7.193.24, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report Certificate (with respect to all of which contracts the each Borrower represents that it or its Restricted Subsidiaries are receiving a price for all production sold thereunder which that is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which that are not cancelable by any Borrower or any Subsidiary on sixty (60) 60 days’ notice or less without penalty or detriment to any Borrower or any Subsidiary for the sale of production from the each Borrower’s and the Restricted or its Subsidiaries’ Hydrocarbons (including, without limitation, including calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (ai) pertain to the sale of production at a fixed price and (bii) have a maturity or expiry date of more longer than six (6) months from the date hereof (in the case of delivery Schedule 3.24) or the date of disclosure to the Administrative Agent in writing (in the case of each other such Reserve Report Certificateagreement), as applicable.

Appears in 1 contract

Samples: Credit Agreement (Yuma Energy, Inc.)

Marketing of Production. Except for contracts listed and in effect on the Effective Date date hereof on Schedule 7.19, and thereafter either disclosed in writing to the Administrative Agent or included CREDIT AGREEMENT - Page 70 in the most recently delivered Reserve Report Certificate (with respect to all of which contracts the Borrower represents that it or its Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s 's delivery capacity), no material agreements exist which are not cancelable on sixty (60) 60 days' notice or less without penalty or detriment for the sale of production from the Borrower’s and the Restricted 's or its Subsidiaries' Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of more longer than six (6) months from the date of delivery of such Reserve Report Certificatehereof.

Appears in 1 contract

Samples: Credit Agreement (Lonestar Resources US Inc.)

Marketing of Production. Except (a) for contracts listed and in effect on the Effective Date date hereof on Schedule 7.19, and 7.16 or (b) thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report Certificate (with respect to all of which contracts the Borrower represents that it or its Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which are not cancelable on sixty (60) days’ notice or less without penalty or detriment for the sale of production from the Borrower’s and the or its Restricted Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of more longer than six (6) months from the date of delivery of such Reserve Report Certificatehereof.

Appears in 1 contract

Samples: Credit Agreement

Marketing of Production. Except for contracts listed and in effect on the Effective Date on Schedule 7.194.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report Certificate (with respect to all of which contracts the Borrower represents that it or its the Restricted Subsidiaries are Subsidiary party thereto is receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are is not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which are not cancelable on sixty (60) 60 days’ notice or less without penalty or detriment for the sale of production from Oil and Gas Interests of the Borrower’s Borrower and the Restricted Subsidiaries’ Hydrocarbons Subsidiaries (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of more longer than six (6) months from the Effective Date or the date of delivery of such Reserve Report Certificate, as applicable.

Appears in 1 contract

Samples: Credit Agreement (PDC Energy, Inc.)

Marketing of Production. Except for contracts listed and in effect on the Effective Date date hereof on Schedule 7.19Item 6.25 of the Disclosure Schedule, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report Certificate (with respect to all of which contracts the Borrower represents that it or its Restricted Borrowing Base Subsidiaries are receiving a price for all production sold thereunder which that is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which that are not cancelable on sixty (60) days’ 60 days notice or less without penalty or detriment for the sale of production from the Borrower’s and the Restricted or its Borrowing Base Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of more longer than six (6) months from the date of delivery of such Reserve Report Certificatehereof.

Appears in 1 contract

Samples: Credit Agreement (Dynamic Offshore Resources, Inc.)

Marketing of Production. Except (a) for contracts listed and in effect on the Effective Date date hereof on Schedule 7.19, and 7.17 or (b) thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report Certificate (with respect to all of which contracts the Borrower represents that it or its Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which are not cancelable on sixty (60) 60 days’ notice or less without penalty or detriment for the sale of production from the Borrower’s and the or its Restricted Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of more longer than six (6) months from the date of delivery of such Reserve Report Certificatehereof.

Appears in 1 contract

Samples: Credit Agreement (Forest Oil Corp)

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Marketing of Production. Except for contracts listed and in effect on the Effective Date date hereof on Schedule 7.197.21, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report Certificate (with respect to all of which contracts the Borrower represents that it or its Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which that are not cancelable on sixty (60) 60 days’ notice or less without penalty or detriment for the sale of production from the Borrower’s and the or its Restricted Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed fixed, stated price and (b) have a maturity or expiry date of more longer than six (6) months from the date of delivery of such Reserve Report Certificatecontract.

Appears in 1 contract

Samples: Credit Agreement (SM Energy Co)

Marketing of Production. Except for contracts listed and in effect on the Effective Date date hereof on Schedule 7.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report Certificate (with respect to all of which contracts the Borrower represents that it or its Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s 's delivery capacity), no material agreements exist (other than Swap Agreements permitted under Section 9.18) which are not cancelable on sixty (60) days’ 60 days notice or less without penalty or detriment for the sale of production from the Borrower’s and the Restricted 's or its Subsidiaries' Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of more than six (6) months from the date of delivery of such Reserve Report Certificatehereof.

Appears in 1 contract

Samples: Credit Agreement (EV Energy Partners, LP)

Marketing of Production. Except for contracts listed and in effect on the Effective Date date hereof on Schedule 7.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report Certificate (with respect to all of which contracts the Borrower represents that it or its Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist (other than Swap Agreements permitted under Section 9.18 ) which are not cancelable on sixty (60) 60 days’ notice or less without penalty or detriment for the sale of production from the Borrower’s and the Restricted or its Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of more than six (6) months from the date of delivery of such Reserve Report Certificatehereof.

Appears in 1 contract

Samples: Credit Agreement (Harvest Oil & Gas Corp.)

Marketing of Production. Except for contracts listed on Schedule 7.19 and in effect on the Effective Date on Schedule 7.19date hereof, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report Certificate (with respect to all of which contracts the Borrower represents that it or its Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which are not cancelable on sixty (60) days’ notice or less without penalty or detriment for the sale of production from the Borrower’s and the or its Restricted Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, purchase production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of more longer than six (6) months from the date of delivery of such Reserve Report Certificatehereof.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Halcon Resources Corp)

Marketing of Production. Except for contracts listed and in effect on the Effective Date date hereof on Schedule 7.193.24, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report Certificate (with respect to all of which contracts the Borrower represents that it or its Restricted Subsidiaries are receiving a price for all production sold thereunder which that is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which that are not cancelable by the Borrower or any Restricted Subsidiary on sixty (60) 60 days’ notice or less without penalty or detriment to the Borrower or any Restricted Subsidiary for the sale of production from the Borrower’s and the or its Restricted Subsidiaries’ Hydrocarbons (including, without limitation, including calls on or other rights to purchase, purchase production, whether or not the same are currently being exercised) that (ai) pertain to the sale of production at a fixed non-index price and (bii) have a maturity or expiry date of more longer than six (6) months from the date hereof (in the case of delivery Schedule 3.24) or the date of disclosure to the Administrative Agent in writing (in the case of each other such Reserve Report Certificate.agreement), as applicable. 66

Appears in 1 contract

Samples: Credit Agreement (Comstock Resources Inc)

Marketing of Production. Except for contracts listed and in effect on the Effective Date date hereof on Schedule 7.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report Certificate (with respect to all of which contracts the Borrower represents or that it the Borrower or its Restricted the Borrower’s Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which are not cancelable on sixty (60) days’ 60 days notice or less without penalty or detriment for the sale of production from the Borrower or the Borrower’s and the Restricted Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of more longer than six (6) months from the date of delivery of such Reserve Report Certificatehereof.

Appears in 1 contract

Samples: Credit Agreement (Petroquest Energy Inc)

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