Limitation on Sales of Property. Sell, transfer, lease, exchange, alienate or dispose of any material portion of the Oil and Gas Properties or any other material assets now or hereafter owned by Borrower, except sales of oil and gas production in the ordinary course of business.
Appears in 2 contracts
Sources: Credit Agreement (St Mary Land & Exploration Co), Credit Agreement (St Mary Land & Exploration Co)
Limitation on Sales of Property. Sell, transfer, lease, exchange, alienate or dispose of any material portion of the Oil and Gas Mortgaged Properties or any other material assets now or hereafter owned by Borrowerinterest therein, except sales sale of oil and gas production in the ordinary course of business.
Appears in 1 contract