Common use of Outstanding Obligations Clause in Contracts

Outstanding Obligations. Except as otherwise described in Schedule 5.11, to the knowledge of Seller, there are no outstanding authorizations for expenditures in excess of One Hundred Seventy-Five Thousand Dollars ($175,000), net to Seller’s interest, or other written commitments or proposals to conduct operations on the Assets (For the avoidance of doubt, Seller shall not be responsible for any amount set forth in Schedule 5.11).

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Pedevco Corp)

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Outstanding Obligations. Except as otherwise described in Schedule 5.115.14, to the knowledge best of Seller’s knowledge, there are no outstanding authorizations for expenditures in excess of One Hundred Seventy-Five Thousand Dollars ($175,000100,000), net to Seller’s interest, or other written commitments or proposals to conduct operations on the Assets (For the avoidance of doubt, Seller shall not be responsible for any amount set forth in Schedule 5.11)Assets.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Dynamic Offshore Resources, Inc.), Purchase and Sale Agreement (Dynamic Offshore Resources, Inc.)

Outstanding Obligations. Except as otherwise described in Schedule 5.115.14, to the knowledge of Seller’s Knowledge, there are no outstanding authorizations for expenditures in excess of One Hundred Seventy-Five Thousand Dollars ($175,000100,000), net to Seller’s interest, or other written commitments or proposals to conduct operations on the Assets (For the avoidance of doubt, Seller shall not be responsible for any amount set forth in Schedule 5.11)Assets.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Halcon Resources Corp)

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Outstanding Obligations. Except as otherwise described in Schedule 5.115.14, to the knowledge of Seller, there are no outstanding authorizations for expenditures in excess of One Hundred Seventy-Five Thousand Dollars ($175,000100,000), net to Seller’s interest, or other written commitments or proposals to conduct operations on the Assets (For the avoidance of doubt, Seller shall not be responsible for any amount set forth in Schedule 5.11)Assets.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Samson Holdings, Inc.)

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