Common use of Lease Restrictions Clause in Contracts

Lease Restrictions. The Borrower and its Restricted Subsidiaries shall not, without the consent of the Administrative Agent, allow more than ten percent (10%) of the net acreage consisting of Core Assets of the Borrower and its Restricted Subsidiaries, measured as of the Fourth Amendment Effective Date, to lapse, expire or otherwise terminate in any manner; provided that such percentage shall be adjusted following the Fourth Amendment Effective Date to take into account any disposition of Core Assets as reasonably determined between the Borrower and the Administrative Agent (it being understood and agreed that such adjustment referred to in this proviso shall not in and of itself result in a Default or an Event of Default).