Compliance with the Laws and Agreements; No Defaults. (a) Each of the Parent, the Borrower, each Restricted Subsidiary and each DevCo is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. (b) None of the Parent, the Borrower, each Restricted Subsidiary and each DevCo is in default nor has any event or circumstance occurred which, but for the expiration of any applicable grace period or the giving of notice, or both, would constitute a default or would require the Parent, the Borrower, any Restricted Subsidiary or any DevCo to Redeem or make any offer to Redeem under any indenture, note, credit agreement or instrument pursuant to which any Material Indebtedness is outstanding or by which the Borrower or any Subsidiary or any of their Properties is bound. (c) No Default has occurred and is continuing.
Appears in 2 contracts
Sources: Credit Agreement (Oasis Midstream Partners LP), Credit Agreement (Oasis Midstream Partners LP)
Compliance with the Laws and Agreements; No Defaults. Except as could not be reasonably be expected to have a Material Adverse Effect:
(a) Each each of the Parent, the Borrower, Borrower and each Restricted Subsidiary and each DevCo is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.;
(b) None of neither the Parent, the Borrower, each Borrower nor any Restricted Subsidiary and each DevCo is in default nor has any event or circumstance occurred which, but for the expiration of any applicable grace period or the giving of notice, or both, would constitute a default or would require the Parent, the Borrower, any Borrower or a Restricted Subsidiary or any DevCo to Redeem or make any offer to Redeem under any indenture, note, credit agreement or instrument pursuant to which any Material Indebtedness Debt is outstanding or by which the Borrower or any Restricted Subsidiary or any of their Properties is bound.; and
(c) No no Default has occurred and is continuing.
Appears in 2 contracts
Sources: Credit Agreement (Magnum Hunter Resources Corp), Second Lien Credit Agreement (Magnum Hunter Resources Corp)
Compliance with the Laws and Agreements; No Defaults. Except as could not be reasonably be expected to have a Material Adverse Effect:
(a) Each of the Parent, the Borrower, each Restricted Subsidiary Co-Borrowers and each DevCo Subsidiary is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations (other than Environmental Permits) necessary for the ownership of its Property and the conduct of its business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.;
(b) None of Neither the Parent, the Borrower, each Restricted Borrowers nor any Subsidiary and each DevCo is are in default nor has any event or circumstance occurred which, but for the expiration of any applicable grace period or the giving of notice, or both, would constitute a default or would require the Parent, the Borrower, any Restricted Borrowers or a Subsidiary or any DevCo to Redeem or make any offer to Redeem under any indenture, note, credit agreement or instrument pursuant to which any Material Indebtedness is outstanding or by which the Borrower Borrowers or any Subsidiary or any of their Properties is bound.; and
(c) No Default has occurred and is continuing.
Appears in 1 contract
Compliance with the Laws and Agreements; No Defaults. Except as could not be reasonably be expected to have a Material Adverse Effect:
(a) Each each of the Parent, the Borrower, Borrower and each Restricted Subsidiary and each DevCo is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.;
(b) None of upon giving effect to the ParentTransactions, neither the Borrower, each Borrower nor any Restricted Subsidiary and each DevCo is in default nor has any event or circumstance occurred which, but for the expiration of any applicable grace period or the giving of notice, or both, would constitute a default or would require the Parent, the Borrower, any Borrower or a Restricted Subsidiary or any DevCo to Redeem or make any offer to Redeem under any indenture, note, credit agreement or instrument pursuant to which any Material Indebtedness Debt is outstanding or by which the Borrower or any Restricted Subsidiary or any of their Properties is bound.bound (except as contemplated by the Second Lien Forbearance Agreement or the Senior Notes Forbearance Agreement); and
(c) No upon giving effect to the Transactions, no Default has occurred and is continuing.
Appears in 1 contract
Compliance with the Laws and Agreements; No Defaults. (a) Each Except as set forth on Schedule 7.07, each of the Parent, the Borrower, Borrower and each Restricted Subsidiary and each DevCo is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its business, except except, in each case, where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
(b) None of Solely with respect to post-petition Debt, neither the Parent, the Borrower, each Borrower nor any Restricted Subsidiary and each DevCo is in default nor has any event or circumstance occurred which, but for the expiration of any applicable grace period or the giving of notice, or both, would constitute a default or would require the Parent, the Borrower, any Borrower or a Restricted Subsidiary or any DevCo to Redeem redeem or make any offer to Redeem redeem under any indenture, note, credit agreement or instrument (including, without limitation, the Indenture and the Second Lien Notes) pursuant to which any Material Indebtedness is outstanding or by which the Borrower or any Restricted Subsidiary or any of their Properties is bound.
(c) No Default has occurred and is continuing.
Appears in 1 contract
Compliance with the Laws and Agreements; No Defaults. (a) Each of the Parent, the Borrower, Borrower and each Restricted Subsidiary and each DevCo (i) is in compliance with all Governmental Requirements Laws applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and (ii) possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its business, except except, in each case, where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
(b) None of the Parent, the Borrower, each Borrower nor any Restricted Subsidiary and each DevCo is in default nor has any event or circumstance occurred which, but for the expiration of any applicable grace period or the giving of notice, or both, would constitute a default or would require the Parent, the Borrower, Borrower or any Restricted Subsidiary or any DevCo to Redeem or make any offer to Redeem under any indenture, note, credit agreement or instrument pursuant to which any Material Indebtedness is outstanding or by which the Parent, the Borrower or any Restricted Subsidiary or any of their Properties is bound.
(c) No Default or Event of Default has occurred and is continuing.
Appears in 1 contract
Sources: Credit Agreement (Titan Energy, LLC)
Compliance with the Laws and Agreements; No Defaults. (a) Each of the Parent, the Borrower, Borrower and each Restricted Subsidiary and each DevCo (i) is in compliance with all Governmental Requirements Laws applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and (ii) possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its business, except in each case where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
(b) None of the Parent, the Borrower, each Borrower nor any Restricted Subsidiary and each DevCo is in default nor has any event or circumstance occurred which, but for the expiration of any applicable grace period or the giving of notice, or both, would constitute a default or would require the Parent, the Borrower, Borrower or any Restricted Subsidiary or any DevCo to Redeem or make any offer to Redeem under any indenture, note, credit agreement or instrument pursuant to which any Material Indebtedness is outstanding or by which the Parent, the Borrower or any Restricted Subsidiary or any of their Properties is bound.
(c) No Default or Event of Default has occurred and is continuing.
Appears in 1 contract
Compliance with the Laws and Agreements; No Defaults. Except as could not be reasonably be expected to have a Material Adverse Effect:
(a) Each of the Parent, the Borrower, each Restricted Subsidiary Borrowers and each DevCo Subsidiary is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations (other than Environmental Permits) necessary for the ownership of its Property and the conduct of its business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
(b) None of Neither the Parent, the Borrower, each Restricted Borrowers nor any Subsidiary and each DevCo is are in default nor has any event or circumstance occurred which, but for the expiration of any applicable grace period or the giving of notice, or both, would constitute a default or would require the Parent, the Borrower, any Restricted Borrowers or a Subsidiary or any DevCo to Redeem or make any offer to Redeem under any indenture, note, credit agreement or instrument pursuant to which any Material Indebtedness is outstanding or by which the Borrower Borrowers or any Subsidiary or any of their Properties is bound.
(c) No Default has occurred and is continuing.
Appears in 1 contract
Sources: Second Lien Term Credit Agreement (Sanchez Energy Corp)
Compliance with the Laws and Agreements; No Defaults. (a) Each of the Parent, the Borrower, Borrower and each Restricted Subsidiary and each DevCo is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
(b) None of Neither the Parent, the Borrower, each Borrower nor any Restricted Subsidiary and each DevCo is in default nor has any event or circumstance occurred which, but for the expiration of any applicable grace period or the giving of notice, or both, would constitute a default or would require the Parent, the Borrower, any Borrower or a Restricted Subsidiary or any DevCo to Redeem or make any offer to Redeem under any indenture, note, credit agreement or instrument (including, without limitation, the Indenture and the Second Lien Notes) pursuant to which any Material Indebtedness is outstanding or by which the Borrower or any Restricted Subsidiary or any of their Properties is bound.
(c) No Default has occurred and is continuing.
Appears in 1 contract
Compliance with the Laws and Agreements; No Defaults. Except as could not reasonably be expected to have a Material Adverse Effect:
(a) Each of the Parent, the Borrower, each Restricted Subsidiary Borrower and each DevCo Subsidiary is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations (other than Environmental Permits) necessary for the ownership of its Property and the conduct of its business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.;
(b) None of Neither the Parent, the Borrower, each Restricted Borrower nor any Subsidiary and each DevCo is in default nor has any event or circumstance occurred which, but for the expiration of any applicable grace period or the giving of notice, or both, would constitute a default or would require the Parent, the Borrower, any Restricted Borrower or a Subsidiary or any DevCo to Redeem redeem or make any offer to Redeem redeem under any material indenture, note, credit agreement or instrument pursuant to which any Material Indebtedness is outstanding or by which the Borrower or any Subsidiary or any of their Properties is bound.; and
(c) No Default has occurred and is continuing.
Appears in 1 contract
Compliance with the Laws and Agreements; No Defaults. (a) Each of the Parent, the Borrower, each Restricted Subsidiary Borrower and each DevCo Subsidiary is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
(b) None of Neither the Parent, the Borrower, each Restricted Borrower nor any Subsidiary and each DevCo is in default nor has any event or circumstance occurred which, but for the expiration of any applicable grace period or the giving of notice, or both, would constitute a default or would require the Parent, the Borrower, any Restricted Borrower or a Subsidiary or any DevCo to Redeem or make any offer to Redeem under any indenture, note, credit agreement or instrument pursuant to which any Material Indebtedness is outstanding or by which the Borrower or any Subsidiary or any of their Properties is bound.
(c) No Default has occurred and is continuing.
Appears in 1 contract
Compliance with the Laws and Agreements; No Defaults. Except as could not reasonably be expected to have a Material Adverse Effect:
(a) Each of the Parent, the Borrower, each Restricted Subsidiary Borrower and each DevCo Subsidiary is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations (other than Environmental Permits) necessary for the ownership of its Property and the conduct of its business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.;
(b) None of Neither the Parent, the Borrower, each Restricted Borrower nor any Subsidiary and each DevCo is in default nor has any event or circumstance occurred which, but for the expiration of any applicable grace period or the giving of notice, or both, would constitute a default or would require the Parent, the Borrower, any Restricted Borrower or a Subsidiary or any DevCo to Redeem or make any offer to Redeem under any indenture, note, credit agreement or instrument pursuant to which any Material Indebtedness is outstanding or by which the Borrower or any Subsidiary or any of their Properties is bound.; and
(c) No Default has occurred and is continuing.
Appears in 1 contract