Pooling or Unitization. Voluntarily pool or unitize all or any part of the Borrowing Base Properties where the pooling or unitization would result in the diminution of Borrower's or the Guarantor's net revenue interest in production from the pooled or unitized lands, without Bank's prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 6.16 shall be of no force or effect against the Bank.
Appears in 1 contract
Sources: Loan Agreement (Saba Petroleum Co)
Pooling or Unitization. Voluntarily pool or unitize unitize, all or any part of the Borrowing Base Properties Collateral Assets where the pooling or unitization would result in the diminution of the Borrower's or the Guarantor's net revenue interest in from production from the pooled or unitized lands, without Bank's the Required Banks' prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 6.16 6.10 shall be of no force or effect against the any Bank.
Appears in 1 contract
Sources: Term and Revolving Credit Agreement (Continental Resources Inc)